SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 83

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 83

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

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 94

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 94

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

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

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Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

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Procurement Supply Chain Network Software Supply Chain Software KPI 52

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

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Procurement Supply Chain Network Software Supply Chain Software KPI 52

Precoro

JULY 16, 2023

We have selected 5 fundamental KPIs that purchasing managers should consider. Performance and Reliability of Contracted Suppliers This KPI is a reflection of how efficiently the company cooperates with the contracted suppliers. It’s important to realize that emergency purchases are bound to happen at some point.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. Procurement ROI. Supplier defect rate.

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Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

Silvon Software

SEPTEMBER 26, 2023

In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives. While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Logistics Bureau

MARCH 15, 2022

Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. KPI Key Performance Indicators in Supply Chain & Logistics. Know Your Supply Chain KPIs – Procurement. The Best KPI: The Probability of a Perfect Order.

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Benchmarking KPI Supply Chain Supply Chain Performance 74

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. This process is called Key Performance Indicator mapping, also known as developing KPIs.

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Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Procurement Cost. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Logistics Bureau

NOVEMBER 9, 2021

Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. 11 Golden Rules for Meaningful Supply Chain KPIs. KPI Key Performance Indicators in Supply Chain & Logistics. Know Your Supply Chain KPIs – Procurement.

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Benchmarking KPI Supply Chain Performance Procurement 87

SCMDOJO

SEPTEMBER 2, 2021

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. And so, they track an array of metrics such as KPIs. Procurement.

KPI 52

KPI Procurement Analytics Procurement Metrics 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

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Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Silvon Software

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

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Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

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

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir. “In Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

Requis

NOVEMBER 3, 2022

Enterprises need a KPI t hat transforms supply chain s to be more circular in resource consumption and management . The circularity ratio is the latest KPI which can revolutionize the circular economy. A simple, practical, easy-to-implement KPI is needed that promotes moving from linear waste systems to circular supply chains. .

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KPI Global Benchmarking Metrics 52

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

SCMDOJO

JUNE 1, 2023

You may well have procurement or warehousing experience, but if that’s not what you are applying for, don’t go at a tangent to mention that – not only are you wasting CV space, but also the time of the reader – you will have plenty of time when progressing to the interview stage to mention these in terms of transferable skills.

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 115

Silvon Software

JUNE 23, 2020

Remember that the KPI you want to measure today, may not be the one you want to measure tomorrow. DSO also is part of the Cash-to-Cash Cycle Time KPI – a more complex KPI featured in many supply chain dashboards. I address this particular KPI is more detail later below. Sales to Forecast and Sales to Outlook.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. Establish a set of KPIs and set performance targets to measure your progress. . For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

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Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

NC State SCRC

FEBRUARY 11, 2016

I spent some time working with IBM this past month on a slide share that covers 6 key questions on the minds of many of the Chief Procurement Officers I’ve spoken to in the last year. As a result, procurement is often brought in at the last minute. If only procurement could get to this! Think of a dashboard of a vehicle.

Procurement 40

Procurement KPI Analytics Software Analytics 40

Logistics Viewpoints

DECEMBER 5, 2022

These procurement professionals can look at how forwarders and carriers are performing by lane, and what the performance trends are for these partners. That increases the value of the analytics used by the procurement team. The data from Infor Nexus also helps the transportation teams do better carrier sourcing. Keys to Success.

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Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

Unleashed

DECEMBER 11, 2022

Put simply, Warehouse KPIs measure how efficiently your warehouse is performing. For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. How to improve order lead times: Procure reliable carriers and suppliers. Carry a sufficient volume of safety stock.

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Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

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

Bristlecone

JUNE 24, 2020

session, Bristlecone’s VP of Global Practices, Prashant Kamat, and Head of Insights and Analytics, Pankaj Rastogi, give you a glimpse into how supply chain data analytics can empower businesses with rapid, KPI-driven 360° insights. Building a Supply Chain KPI Framework. Key Takeaways. Parameters and Key Levers to Consider.

S&OP 52

S&OP Supply and Demand Analytics KPI 52

DynaSys

MARCH 17, 2020

Because the company relied on a state-of-the-art DSCP planning system covering the entire S&OP process from demand, production, and inventory through procurement and supply planning, integrated into the corporate global financial plan. Scenario Planning: Absolutely Critical.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Analytics Software 93

Taulia

NOVEMBER 2, 2020

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. In other cases, companies may focus on the second KPI while paying little attention to the first. Consistent messaging across various levels and externally.

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Supply Chain Software Optimal Sourcing KPI Optimization Software 52

DELMIA Quintiq

MAY 21, 2018

Most would require a lengthy procurement period and perhaps an even longer rollout phase. The Quintiq solution uniquely allows companies to properly balance changing KPI goals at varying points in time, in order to produce realistic, executable plans. This is to respect the customer’s short- and long-term constraints.

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Supply Chain Planning Software Sustainability Logistics Network Optimization Software Modeling 168

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. By building an excellent Supplier Management Process, a successful company can mitigate those risks and ensure that their supply chain is undisrupted and meets the KPI's. Raise Team expertise.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52