Industrial Metrics Procurement Analytics Transportation 
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.
Precoro
MAY 19, 2023
To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.
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Supply Chain Shaman
APRIL 9, 2021
The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. Informational Technology groups reporting to the Chief Financial Officer. Over the last decade, the CIO’s office reporting structure shifted to report to the CFO. Belief in efficient procurement. Mistake #2.
GlobalTranz
APRIL 25, 2016
Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.
Supply Chain Shaman
FEBRUARY 18, 2021
Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.
Supply Chain Shaman
JANUARY 9, 2024
As an old gal, with over forty-years of supply chain experience, writing this report for ten years taught me many lessons. The industry struggles with groupthink. The industry is awash with ex-execs advising companies, speaking at events, and consulting. The group’s response is, “Are these supply chain metrics?”
QAD
JULY 1, 2021
Here’s a formula to calculate your total direct materials costs: Beginning Inventory + Added Purchases – Ending Inventory = Total Direct Materials Costs. Direct labor is simply the costs associated with paying people to create the product. Where can I improve processes or purchasing to wisely cut costs or time?
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