Manufacturing, Procurement Analytics and Research

Top 5 KPIs for Purchasing Managers

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training

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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

Manufacturing Procurement

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Despite spending 1.1%

Supply Chain Planning Software

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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What Is PPV? Purchase Price Variance Explained

Precoro

NOVEMBER 13, 2023

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?

Purchasing Skills

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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings

Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.

Manufacturing Procurement

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Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

FEBRUARY 15, 2021

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. But all of those things become purchasing as opposed to procurement.

Manufacturing Procurement

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing

Are You Caught in Word Salad Dribble?

Supply Chain Shaman

FEBRUARY 1, 2024

While consultants know the answers (or believe they do), I believe my goal as a research analyst is to unearth new questions that should be asked (and answered together openly in the supply chain community) to improve value. I see a preponderance of reports and white papers that have lots of pages but say little. Back to John.

Supply Chain Planning Software

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction

The Top 5 Skills Every Procurement Manager Needs

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions

Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

DECEMBER 15, 2022

In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations.

Manufacturing Procurement

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Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

Procurement Solutions

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What Does a Procurement Manager Do? Job Description and Requirements

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement

Lifting The Gray Curtain

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software

How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008.

S&OP

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Supply Chain Resilience. Really?

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Here I share some insights from my research. I am currently doing research on inventory management. The result was restatement. My conclusion?

Supply Chain Design Software

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

Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

Purchasing Skills

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Circular Supply Chain Transformation

SCM Research

MARCH 30, 2023

We have just released a new report, entitled Circular Supply Chain Transformation: Challenges, Opportunities, and Trade-Offs for Circular Smartphones and Computers.

Supply Chain Transformation

Supply Chain Transformation Supply Chain Manufacturing Procurement Procurement Analytics

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

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

NOVEMBER 6, 2023

Supply Chain Matters provides a further global supply chain assessment in the highlighting and added insights on reported October 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. value reported for September.

Procurement Analytics

Procurement Analytics Manufacturing Procurement Report Global

In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

Optimal Sourcing

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics

November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

DECEMBER 4, 2023

Supply Chain Matters provides a further global supply chain assessment in the highlights and added insights on reported November 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. reported in October.

Procurement Analytics

Procurement Analytics Manufacturing Procurement Report Global

Top 3 challenges facing manufacturers and how to overcome them

SYSPRO Smarter ERP

NOVEMBER 1, 2021

The manufacturing industry confronted many uncertainties in the last year due to the pandemic. 2020 SYSPRO research showed tha t 60% of businesses were impacted by supply chain disruptions during the pandemic. The pandemic has led to many shifts in manufacturing including new challenges to overcome.

Manufacturing Procurement

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How To Jump

Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Outside-in Planning: Modeling based on channel and supply network signals. This week, I was at Informs Analytics Conference.

Supply Chain Planning Software

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5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

SEPTEMBER 20, 2022

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.

Manufacturing Procurement

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Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

JULY 30, 2022

A requirement to apply as an analyst position for AMR Research was to write an opinion piece and defend the article in an interview. However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy.

Supply Chain Design Software

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Understanding the procure to pay process

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics

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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

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

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

NOVEMBER 26, 2019

1] They add, “We know from extensive research that decisions matter — a lot. Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. ”[4]. ”[4].

Predictive Analytics

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics

Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. As an analyst, I conduct primary research. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation.

Procurement Analytics

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies

8 Steps in the Procurement Process and How to Optimize Them

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

DECEMBER 15, 2022

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most.

Optimal Sourcing

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills

July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

AUGUST 3, 2022

The Supply Chain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. reported for June. The July 2022 J.P.

Manufacturing Procurement

Manufacturing Procurement Global Manufacturing Taiwan

Consumer Packaged Goods Manufacturers and Consumer-centric Supply Chains

Enterra Insights

JANUARY 14, 2022

Consumer packaged goods (CPG) manufacturers and their end-customers constantly engage in a complicated dance that has no choreographed steps. Sometimes CPG manufacturers take the lead and sometimes consumers take the lead. Most business consultants today urge CPG manufacturers and retailers to become consumer-centric and demand-driven.

Manufacturing Procurement

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand

Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

MAY 19, 2022

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. Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges.

Optimal Sourcing

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software

How to Run a Purchasing Department

Unleashed

MARCH 16, 2021

Having grown sufficiently, you may find your SME business now has the need for a dedicated purchasing manager – and perhaps even a purchasing department. So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. Goals of purchasing. Lower costs.

Purchasing Skills

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics

Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. As an analyst, I conduct primary research. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation.

Procurement Analytics

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing

Sourcing and Procurement: One but Not the Same

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

JUNE 1, 2023

Recessionary environments cause disruptions in the manufacturing industry around the globe, leading to long lead times, shortages, rising prices, and complications in transportation lines. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software

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How is the Logistics Economy Holding Up?

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? These are questions ARC Advisory Group will seek to answer in our online survey research of supply chain executives over the next few months. The report for August (released in late September) shows negligible changes in the aggregate.

Manufacturing Procurement

Manufacturing Procurement GEP Purchasing Skills Logistics

The Greenest Mile: Planning’s Role in Supply Chain Sustainability

Logistics Viewpoints

AUGUST 5, 2021

PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping. Buffering creates waste.

Supply Chain Planning Software

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Holding Ourselves Accountable for Business Results

Supply Chain Shaman

JULY 25, 2021

Here I share my observations: A Focus on Cost Versus Margin. Over the decade, based on the research, the gap between operations and commercial teams grew. In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks.

Procurement Analytics

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AI This. Not So Fast.

Supply Chain Shaman

JUNE 23, 2020

I share insights, based on research, for the supply chain leader. I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. Procurement and transportation operated as islands. Morning after morning, fueled by good black coffee, I type away.

Supply Chain Design Software

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software

Customer centricity remains key to manufacturing

SYSPRO Smarter ERP

SEPTEMBER 29, 2022

Everything, from the first interaction with the organisation, to the purchase and after-sales support, must be designed with the customer in mind and implemented in such a way that customer only remembers a seamlessly smooth experience. Customer centricity remains key to manufacturing for blog. So, how do you become customer-centric?

Manufacturing Procurement

Manufacturing Procurement Supply Chain Design Software Modeling Software Analytics Software

Manufacturing Strategies Explained.

ModusLink Corporation

OCTOBER 27, 2021

A report published by CER (Comparative European Research) titled ‘The growing importance of the synergy effect in a business environment’, perfectly explains the synergy concept. Synergy is a core element present in many successful manufacturing strategies. There are many different manufacturing strategies.

Waste Reduction

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings

Top 5 KPIs for Purchasing Managers

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Webinars

Trending Sources

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Webinars

What Is PPV? Purchase Price Variance Explained

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

Procurement vs. Purchasing: What’s the Difference?

Are You Caught in Word Salad Dribble?

The Top 5 Skills Every Procurement Manager Needs

Organizational Alignment: Overlooked, but So Important.

Consumers Are in Charge of the Digital Path to Purchase

What Does a Procurement Manager Do? Job Description and Requirements

Lifting The Gray Curtain

How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Resilience. Really?

Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Circular Supply Chain Transformation

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

October Global PMI Reporting-Continued Production Contraction

In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

November Global PMI Reporting Reflects Some Stabilization

Top 3 challenges facing manufacturers and how to overcome them

How To Jump

5 Ways Businesses Are Uncovering Success With AI In Manufacturing

Overcoming The Barriers to Use Channel Data

Understanding the procure to pay process

6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Seven Mistakes You Wish Your CFO Had Not Made You Make

8 Steps in the Procurement Process and How to Optimize Them

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

July 2022 Global Manufacturing Indices Indicating Declining Momentum

Consumer Packaged Goods Manufacturers and Consumer-centric Supply Chains

Better Ways to Address Trade-Offs with Supply Chain Optimization

How to Run a Purchasing Department

Seven Mistakes You Wish Your CFO Had Not Made You Make

Sourcing and Procurement: One but Not the Same

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

How is the Logistics Economy Holding Up?

The Greenest Mile: Planning’s Role in Supply Chain Sustainability

Holding Ourselves Accountable for Business Results

AI This. Not So Fast.

Customer centricity remains key to manufacturing

Manufacturing Strategies Explained.

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