ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. The same applies to Procurement.

Procurement 100

Procurement Metrics Automotive Study 100

Material Handling and 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. Procurement helps companies adapt, meet new regulatory requirements and shift supply to optimize an evolving tariff landscape.

Procurement 131

Procurement Automotive Benchmarking Innovation 131

IQMS

MAY 1, 2018

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence. Sources: Agus, A., & Mohd, S.

Metrics 59

Metrics Quality Manufacturing Journal 59

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain 295

Supply Chain Metrics Analysis Analytics 295

Supply Chain Game Changer

NOVEMBER 20, 2018

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. This contract needs to be between you and your Sourcing agent and with your suppliers.

Sourcing 52

Sourcing Government Resources Metrics 52

Material Handling and Logistics

JUNE 25, 2018

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So the CSR score too is more of a popularity contest than a consistent metric. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

Sourcing 101

Sourcing Supply Chain Beverage Apparel 101

Supply Chain Game Changer

NOVEMBER 25, 2018

Gartner recently announced their 2018 Top 25 Supply Chains List. The 2018 Gartner Top 25 Supply Chain List. Source: Gartner. But overall most of the list was the same as 2017. In fact if you go back 5 years to 2013 you will find that most of the names are the same as on the 2018 list. Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Copyright Mortson Enterprises Inc, 2018. Subscribe Here! Email Address.

Benchmarking 64

Benchmarking Inventory Groups Trends 64

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

Supply Chain 165

Supply Chain Tennessee North America Metrics 165

Cerasis

NOVEMBER 19, 2018

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

Supply Chain Risk Management 174

Supply Chain Risk Management Risk Management Supply Chain SCM 174

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. A Procurement strategy should be structured with a clearly defined set of goals and an overarching vision. Managing the performance of your Procurement activities is a good way to work towards goals in a methodical and strategic fashion.

Procurement 59

Procurement KPI Sustainability Government 59

EcoVadis

FEBRUARY 28, 2018

With the supply chain representing 50 to 70 percent of a company’s sustainable footprint , implementing sustainable procurement practices is the most effective method for making real progress toward sustainability. Sustainable procurement offers benefits for all parties – it delivers customers safe, ethically sourced products, and reduces overall supply chain risk. There are a few steps to keep in mind when implementing a sustainable procurement program.

Electronics 55

Electronics Chemicals Education Sustainability 55

Material Handling and Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation. After all, even the best and most reliable data points and metrics are meaningless unless they are somehow leveraged in decision-making.

Data 131

Data Analytics Supply Chain KPI 131

Supply Chain Brain

JUNE 4, 2018

Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners.

Freight 40

Freight System Industrial Industry 40

Supply Chain Brain

APRIL 25, 2018

Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured ContentMade from the softest wool produced by certain breeds of goats, such as the Zalaa Ginst white goat and Tibetan Plateau goat, cashmere was once reserved for the wealthiest fashionistas. Napoleon Bonaparte’s wife helped popularize the fabric.)

Manufacturing 40

Manufacturing Data Apparel Metrics 40

Supply Chain Brain

JANUARY 19, 2018

Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt. SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityBlockchain technology was created to support transactions involving Bitcoin and other cryptocurrencies. But it has quickly emerged from that dark and mysterious world to offer an invaluable tool for business in general, and global supply chains in particular.

Video 40

Video Tools System Supply Chain 40

Supply Chain Brain

JULY 2, 2018

Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions.

Bangladesh 40

Bangladesh Training Mauritius Norway 40

Supply Chain Game Changer

NOVEMBER 28, 2018

Supplier bases are a great source of potential innovation. But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential. In relation to collaborative supplier innovation, it is important that procurement and sourcing teams remember that the supplier is an equal party/partner in the collaboration.

Innovation 59

Innovation How To Government Strategy 59

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Improved customer service metrics.

Metrics 65

Metrics Supply Chain Retail Manufacturing 65

Supply Chain Brain

JANUARY 22, 2018

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. As with any supply chain, it all begins with the source. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest News

Training 40

Training Company Course Study 40

NC State SCRC

DECEMBER 30, 2018

This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization. In addition, Carl assigned a person who could work on access databases, and began by combining procurement data for 5 divisions into a single database. “The We created a visualization platform to focus on internal operational, and customer-facing metrics, which is NOT part of R&D’s scope of work – so we not on your turf.”

Analytics 53

Analytics Oakland Metrics Government 53

Supply Chain Game Changer

NOVEMBER 13, 2018

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. One example is in the world of out-sourced software development. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing. Subscribe Here! Email Address.

Course 61

Course Strategy Resources Video 61

Supply Chain Game Changer

NOVEMBER 14, 2018

In some cases, purely transactional suppliers in regional or out-sourced models may be placed below the level of “approved” in this model. All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The sourcing or procurement function will own the relationship and manage the overall process. Procurement must clarify long-term cost requirements clearly.

Quality 53

Quality How To Meeting Supplier Management 53

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. Supplier quality management (SQM) is individual to each organization, and the procurement organization’s business-critical goals, but in the larger definition: supplier quality management is an overall evaluation of delivery and performance within the boundaries of agreed upon terms and conditions of supplier and buyer.

Quality 46

Quality Sweden Government Comparison 46

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing sourcing?and

Procurement 55

Procurement Policies Survey Metrics 55

IQMS

NOVEMBER 29, 2018

Many manufacturing supply chains will evolve into intelligent networks with real-time track-and-trace, legacy systems integration and greater delivery accuracy and quality metrics than ever before. IIoT holds the potential to normalize the diverse data structures that slow down greater device- and plant-level analysis of key performance metrics.

Trends 81

Trends Manufacturing Survey Quality 81

Elementum

MARCH 27, 2018

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Supply chain is not just about the procurement and transportation of goods from source to consumer.

Resources 78

Resources Congo North America Australia 78

Talking Logistics

JANUARY 8, 2018

Supplier viability is a major concern of supply chain leaders and procurement professionals today when committing their direct materials to specific trading partners,” said David Cahn, Director of Product Marketing at Elemica , in a recent episode of Talking Logistics. Do we have the right Service Level Agreement metrics in place? If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator.

Chemicals 77

Chemicals Supply Chain Conference Metrics 77

Supply Chain Brain

MAY 22, 2018

In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat? Food and farming is one of the biggest economic sectors in the world.

Metrics 40

Metrics Packaging Retail Manufacturing 40

Enterra Insights

JUNE 13, 2018

What is much easier to measure is cost — so that’s what drives the metrics and incentives.”[1] The cited passage reads, “Most CEOs continue to ignore supply chain management and sourcing. In the best companies, she explains, “The focus is outside-in, from the customer back, and demand-orchestrated across the silos to guide procurement decisions. 4] Morgan Hass, “ The Future of Supply Chain ,” FLEXE Blog , 27 March 2018. [5]

Supply Chain Transformation 100

Supply Chain Transformation Currency Data Internet of things 100

Oracle SCM

AUGUST 1, 2018

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). Gather global commodity prices and planned global procurement to drive procurement to best prices. Drive acquired sites from traditionally local, higher priced sources, to the best commodity prices. Allow the global procurement organization to consolidate resources and become more efficient.

Internet of things 89

Internet of things Supply Chain Omnichannel Procurement 89

Abivin

JUNE 5, 2018

Automate the manual process Source It can be very time-consuming to do the repetitive work manually. Manage data and information in real time Source Thanks to TMS integration, you can perform data management and information management in real time. Enable a proactive approach towards supply chain management Source Why is this important? You are also equipped with a way to manage costs and handle internal metrics.

Survey 60

Survey Sourcing Procurement Metrics 60

Elementum

MARCH 27, 2018

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Supply chain is not just about the procurement and transportation of goods from source to consumer.

Resources 60

Resources Congo North America Australia 60

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

Strategy 63

Strategy Supply Chain Policies Survey 63

Supply Chain Game Changer

NOVEMBER 20, 2018

Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation. While optimizing energy sources can result in cost avoidance, optimizing energy can also provide new sources of revenue to the organization as they become net energy providers to the grid themselves. Subscribe Here! Email Address.

Manufacturing 53

Manufacturing Automotive Sourcing Sustainability 53

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. MUFG Union Bank Strategic Performance Metrics.

North Carolina 40

North Carolina Metrics Sourcing Analytics 40