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What Is PPV? Purchase Price Variance Explained

Precoro

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

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Best Logistics Management Software: Everything You Need to Know Before Making a Purchase Decision

ThroughPut

From a manufacturing perspective, the best logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. It now shares similarities with Supply Chain Management Software (SCMS), to help deal with manufacturing operations, processes, vendors and suppliers.

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How to Measure & Improve Manufacturing Efficiency

Unleashed

Measuring and improving manufacturing efficiency is a great way to trim down production costs. Put simply: the more efficiently you manufacture goods, the more profitable your business becomes. With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows.

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Slight Decline in April Global Production and Supply Chain Activity Levels

Supply Chain Matters

Supply Chain Matters provides readers a further installment in our global supply chain assessment series in providing highlights on reported April 2024 global PMI activity levels. Decline in Global Manufacturing Output Levels Global-wide manufacturing levels as depicted in the J.P. reported for March.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”

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5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

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How is the Logistics Economy Holding Up?

Logistics Viewpoints

Supply chain and logistics functions have been one of the most volatile in the global economy of the last four years. The overall volatility was punctuated by shortages that were themselves brought about by the global COVID-19 pandemic. Source: J.P. The third trend is that global trade growth appears to be gradually slowing.