Requis

NOVEMBER 3, 2022

Similar to the power usage effectiveness (PUE) metric, which catalyzed energy efficiency innovations in data centers, the circularity ratio can drive transformative changes in supply chains. . Notably, effective behavior changes require benchmarking to identify improvement areas and progress.

KPI 52

KPI Global Benchmarking Metrics 52

EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . The fact that leaders are successfully implementing these policies and tools show how critical they all are for driving higher levels of sustainable procurement performance. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

EcoVadis

MARCH 31, 2017

Many procurement teams are finding holistic approach can provide huge advantages. The following table gives some examples of criteria that can be taken into account during a CSR assessment: Actionable, Benchmark-able Metrics and Insights . Sustainability performance metrics also enable creation of risk maps.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics. Is it innovation, flexibility, or a combination of those factors?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) I never calculated and accounted for the inter-dependencies between metrics.

Procurement Analytics 345

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 345

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

JANUARY 24, 2022

MRO inventory can account for a sizeable portion of a business’ total procurement spend. Take a comprehensive approach to MRO inventory procurement. Train staff on how and where they can find the MRO inventory they need and the procurement processes of the organisation. Conduct regular audits of equipment and processes.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Taulia

MAY 5, 2020

Those who lead the working capital optimization project should understand the benefit of a sustainable supply chain and see value in making the organization a preferred customer for innovative suppliers. The differences between the two is not just semantic.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 52

NC State SCRC

NOVEMBER 25, 2019

Professor Rob Handfield met with Lawrence Crosby during that period, and discussions focused primarily on how supply chain innovation and social responsibility metrics would figure into the list of top companies. Metrics related to spend management, category management, strategic sourcing and supplier relationship management.

North Carolina 15

North Carolina Supply Chain Design Software Modeling Software Supply Chain Design 15

Supply Chain Shaman

JUNE 15, 2015

Over the years, as technology innovation has improved, staying current on supply chain planning optimization has not been a focus for SAP. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Let’s face facts. The adoption rate is slow. SAP is an enterprise system.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Our analysis provides insights into how we have to operate to achieve the outcome, as well as scorecards and metrics that require additional analytical insight.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Supply Chain Shaman

JUNE 15, 2015

Over the years, as technology innovation has improved, staying current on supply chain planning optimization has not been a focus for SAP. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Let’s face facts. The adoption rate is slow. SAP is an enterprise system.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

E2open

NOVEMBER 30, 2017

This ensures that you have the most accurate picture of demand each time you make a supply decision regardless of the lead time – whether it is an immediate activity like replenishment (3-day), a mid-term activity like ordering ingredients or components (16-day), or procuring longer-lead items like for packaging (45-day). Aerospace & Defense.

Supply and Demand 60

Supply and Demand Demand Planning Software Modeling Forecasting 60

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Logistics Viewpoints

JANUARY 23, 2024

This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. For the end consumer, it creates a snapshot of traceability from procurement to delivery.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 210

HICX Solutions

JANUARY 27, 2022

Regarded as an essential soft skill for procurement and supply chain professionals, the process of Supplier Relationship Management encompasses a detailed approach to procurement management and obtaining and enhancing the post-contract value from relationships. There is the possibility of utilizing it to drive innovation management.

Supply Chain Design Software 98

Supply Chain Design Software Modeling Software Procurement Solutions Optimal Sourcing 98

Infosys Supply Chain Management

JUNE 28, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In fact, Infosys itself has done significant work in this area and has adopted many innovative technologies in its own buildings ( Going green: A little disruption can go a long way ). Business Process Outsourcing.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 22

HICX Solutions

DECEMBER 1, 2022

Rounding out the top five are more joint collaboration or innovation (14%) and reasonable expectations, at 8% of respondents. For example, one metric would be to count the clicks – how many clicks does a supplier need to make to do business with you?”. How to use segmentation to drive the supplier experience?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies How To 52

NC State SCRC

APRIL 20, 2016

Get the people who recruit that talent and benchmark that talent better tool to use, and the organization will be that much more productive now that they have radar.” ” A question came from the audience: “Fundamentally – procurement is measured on cost savings as the primary metric.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Purchasing Skills Analytics Software 40

Supply Chain Game Changer

NOVEMBER 25, 2018

Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? It could be based on Innovations made, true industry specific benchmarks, Supply Chain capabilities, etc.

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

Intelligent Audit

AUGUST 3, 2021

The lack of end-to-end visibility and applicable metrics has made it difficult for parcel carrier s and shippers to envision the value of data and analytics within their network systems. Reduced waste – time management, paper and packaging innovations, and fuel conservation all become more streamlined over time with data integrations.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Analytics 52

Intelligent Audit

NOVEMBER 10, 2021

Managing capacity procurement and truckload services is a critical part of the supply chain puzzle and must be included with all RFP bids and communications during contractual negotiations within the shipping industry. Normalize data to compare apples-to-apples and ensure accurate, up-to-date data is used with all metrics and goal markers.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

6 River Systems

DECEMBER 11, 2018

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

JUNE 29, 2020

As global supply chains start the long process of recovery, supply chain management is in the spotlight, and new best practices and innovative strategies are emerging as supply chain leaders aim to reduce risk in an uncertain future. “Think beyond your four walls to how you can better collaborate and innovate with your suppliers.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. There are about 10+ measurements on evaluating the efficiency, but all those get consolidated to a single metric called the ‘LPMH’ (lines per man hour).

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Supply Chain Game Changer

JANUARY 14, 2020

Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? It could be based on Innovations made, true industry specific benchmarks, Supply Chain capabilities, etc.

Gartner 10

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 10