SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 84

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 84

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The global supply chain industry has by default, a large environmental impact, through its carbon footprint. As part of the CMA CGM Group, CEVA Logistics has a global reach, which means that we can make a global difference. We pledge to adopt better ways of doing business with the aim of becoming an industry standard.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

Supply Chain Shaman

FEBRUARY 18, 2021

The Covid-19 pandemic tested the global supply chain. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Check out some of the work that Blume Global is doing in this area.). It will not be over soon.

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Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 315

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. 10 Soft Metric Considerations in Measuring Supply Chain Performance. The goal is to keep inventory levels at a minimum to meet customer needs.

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Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

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Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Data Quality and Quantity: To create effective generative AI, high-quality training data is necessary.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ivalua

MARCH 24, 2021

The role that procurement plays in manufacturing organizations is a difficult one. This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Optimal Sourcing 130

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. 2] “Scope 3 Emissions,” Global Compact Network UK | [link].

Cost Reduction Strategies 215

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 215

Logility

AUGUST 15, 2023

The average volume, rising expenditures, and varying price arrangements for each item across multiple suppliers further complicate the procurement landscape. Compliance spans various dimensions such as environmental sustainability, quality, and security.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

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Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 3, 2018

According to my research, top-performing supply chains possess three very different qualities. A supply chain that produces products at the same cost, quality and customer service given the level of demand and supply volatility. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability.

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Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 339

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

JANUARY 31, 2022

My observation is that over the last two decades and the myriad of mergers and acquisitions and the building of global supply chains, five things happened which makes it harder for organizations to make good decisions at the pace of business: Alignment. Data Sharing and Procurement. Focus on Cost. Focus on Cost. Less Collaborative.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

HICX Solutions

FEBRUARY 15, 2024

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. This has been acutely highlighted since the turn of the decade due to global events. The Global Supply Chain Landscape: What is the current situation?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

SCMDOJO

APRIL 29, 2024

Whether you’re a business owner, manager, or simply curious about the inner workings of the global economy, this article will provide you with a solid foundation. Effective supply chain management is crucial for businesses to gain a competitive edge in today’s global marketplace.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

FEBRUARY 7, 2022

My observation is that over the last two decades and the myriad of mergers and acquisitions and the building of global supply chains, five things happened which makes it harder for organizations to make good decisions at the pace of business: Alignment. Data Sharing and Procurement. Focus on Cost. Focus on Cost. Less Collaborative.

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Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. What metrics do others (in my industry) use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Quality will cost. Standardize Quality Indicators .

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships.

Optimal Sourcing 232

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 232

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. As background, Peter Gibbons is the Executive Vice President, Global Supply Chain for Mattel, Inc. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014.

Procurement Analytics 262

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 262

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Today this rarely exists.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. Every time I published a report, he would call me and express his concern that I did not fully understand the issues of the global supply chain organization. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ToolsGroup

SEPTEMBER 20, 2022

That way, companies achieve maximized equipment availability and deliver high-quality products. How can the modern manufacturing company leverage an AI application to remain competitive despite increasing globalization, geopolitical disruptions, recurring supply chain interruptions , and pandemics? Performing Real-Time Quality Checks.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 92

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. If you use data quality tools, monitor the amount of clean-up needed and work hard to improve the quality in source data systems. 3 Get the metrics right. Supplier metrics should be captured about monthly.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

EC Sourcing Group

MARCH 12, 2023

While it seems obvious to choose suppliers that are cost-efficient and easy to work with, rapid technological growth and global economies of scale have resulted in a large pool of suppliers to choose from. The supplier is a third-party vendor that provides goods, materials, and services to your organization.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

SYSPRO Smarter ERP

MARCH 27, 2023

The term “supply chain” started being used in the mid-1990s as global political conditions changed in ways that encouraged international commerce. The belief in globalization is also now being challenged. The old supply chains relied on the fact that manufacturers trusted suppliers’ lead times, costs, and quality.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Developing KPIs is crucial, and individual, to the infrastructure of your Procurement team.

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Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56