Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Consumer spending remains above 2019 levels. As a result, in a market downturn, process latency increases.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Shaman

JANUARY 31, 2022

To understand the phenomenon , the 2019 GDP was 2.16%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Data Sharing and Procurement. Focus on Cost. Less Collaborative.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

FEBRUARY 7, 2022

To understand the phenomenon , the 2019 GDP was 2.16%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Data Sharing and Procurement. Focus on Cost. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. As long as companies are motivated by functional metrics, inventory management will be an enigma. When companies reward OEE in manufacturing and POV in procurement, companies will systemically make the wrong stuff. Mistake #5. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

JULY 22, 2021

In the research conducted by Supply Chain Insights , only 35% of the respondents rated their S&OP process as effective or extremely effective in 2019 compared to 65% for the same in 2016. A close alignment between Procurement and Supply Chain can also yield several very interesting use cases that will help turbocharge your business.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . The fact that leaders are successfully implementing these policies and tools show how critical they all are for driving higher levels of sustainable procurement performance. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Note the elongation of the cash-to-cash cycle in the chemical industry of 38 additional days when comparing the 2014-2019 averages to the pre-recession period of 2004-2006.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Mondelez Performance Against the Food Group for 2010-2019. The result? The reason? Is this leadership?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). The shifts in growth from 2019-2021 are dramatic. Why have we not improved our use of channel data in supply chain processes?” Background.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

ivalua

AUGUST 14, 2019

Much has been made in 2019 about the gap between the findings of procurement self-assessments and where each organization stands when they are evaluated against their peers using objective measures. Spend under management has been effectively flat since 2012, with procurement organizations averaging 63.2% in 2018 (a modest 8.7%

Metrics 168

Metrics Procurement Benchmarking Just-in-Time 168

EcoVadis

AUGUST 9, 2019

One of the biggest revelations in this year’s Sustainable Procurement Barometer : 66 percent of organizations cite regulatory compliance as a critically important aspect of their sustainable procurement programs. Sustainable procurement programs also need to be embedded into corporate strategy to be effective.

Sustainability 40

Sustainability Cost Reduction Strategies Optimal Sourcing How To 40

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

ivalua

OCTOBER 16, 2019

How to define data quality: attributes, measures, and metrics. Art of Procurement. . The post The Current State of Digital Readiness: Mastering the Supply Chain Data Challenge, 29th October 2019 appeared first on Ivalua. How to understand data ownership. Unable to make the live event? Joseph Yacura. Philip Ideson.

Gartner 20

Gartner Supply Chain Software Data Supply Chain 20

ivalua

JUNE 29, 2020

According to 2019 Definitive Healthcare data, U.S. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. Perhaps explore a self-distribution model and more transactional automation with procure-to-pay solutions. . Share on Twitter. Big Opportunity Ahead.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Proxima

AUGUST 25, 2021

Time for procurement to lead. Inflation is a word that has been on the lips of every procurement team in 2021. The same is true of shipping channels where prices are in some cases 10x higher than in 2019, for an on-time delivery metric (at 38%) that is half as good as 2019.

Material Savings 52

Material Savings Price Reduction Waste Reduction Cost Reduction Strategies 52

Resilinc

AUGUST 1, 2023

In 2019, the European Union released a plan called the Commission Communication on Stepping up EU Action to Protect and Restore the World’s Forests , which outlines ways for the EU to limit deforestation. Every year, the EUDR will aim to reduce carbon emissions by at least 32 million metric tons.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Manufacturing Procurement 62

SupplyShift

JUNE 2, 2021

In the wake of COVID disruptions and the financial advantage earned by companies focusing on ESG despite major market uncertainty, investors are rapidly recognizing the strategic importance of these metrics as well. Deloitte’s 10th Annual Chief Procurement Officer Survey mirrors this shift in priorities. Corporate ESG Reporting Today

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 52

Enterra Insights

APRIL 8, 2019

They need a general understanding of everything from procurement of raw materials to customer service. We have established business metrics and we love to quantify our business strategies. How can resources be procured at the best price? 1] The more complex businesses become the more important supply chains are. .

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 100

ivalua

SEPTEMBER 5, 2019

The post Procurement Metrics that Matter in 2019 appeared first on Ivalua.

Metrics 20

Metrics Procurement 20

Enterra Insights

JULY 28, 2020

” Alex Saric ( @alexsaric ), a procurement expert at Ivalua, told Eason, “There is a huge appetite to develop cognitive supply chains, which is only set to increase as more success stories come to light. 5] Nick Easen, “ Why you need a cognitive supply chain ,” Raconteur, 12 March 2019. [6] ” Start small.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Supply Chain Matters

JUNE 7, 2023

not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. seaport activity are down double-digits from 2022 levels, but several percentage points from the volumes experienced in the pre- Covid 2019 period. Further reported was that volumes of U.S.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

NC State SCRC

APRIL 21, 2019

This automation will impact recruiting strategies, job descriptions, KPIs/metrics, operating models, roles that we have/don’t have any longer, training programs, etc. The procurement function has experienced much growth over the past 15 years and is viewed as an enabler of driving innovation and change.

Meeting 40

Meeting Supply Chain Software Buyer Training Charlotte 40

SupplyShift

JUNE 17, 2021

For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Source: sasb.org.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 2, 2021

In the wake of COVID disruptions and the financial advantage earned by companies focusing on ESG despite major market uncertainty, investors are rapidly recognizing the strategic importance of these metrics as well. Deloitte’s 10th Annual Chief Procurement Officer Survey mirrors this shift in priorities.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 40

Enterra Insights

FEBRUARY 9, 2021

This is expected to result in the reduction of over 26 million metric tons of greenhouse gas emissions — the equivalent of taking five million-plus cars off the road for a full year. Everything from procurement, to production, to logistics can be improved using artificial intelligence. Footnotes. [1] Footnotes. [1]

Sourcing Strategies 113

Sourcing Strategies Supply Chain Planning Software Procurement Analytics Sustainability 113

American Global Logistics

DECEMBER 7, 2022

In 2019, both countries combined exported 25.4% This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Putting that aside, the creation of this metric signifies the federal government’s increasing role in supply chain matters. #3 of all wheat.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Supply Chain Matters

AUGUST 8, 2022

that we have not seen since April of 2019. Interestingly, the downshifts we observed in transportation metrics were much more muted in the last week of July, leaving open a possibility for a bit of recovery as we move towards peak season. Warehousing and Inventory metrics continue to buoy the logistics sector.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Yannis transitioned from the role after eight years in 2019.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Resilinc

OCTOBER 11, 2022

There are a lot of hard-headed realists in the procurement and supply chain profession. I guess the jury is still out, but things will become clearer when China and other Asian producer countries return to their pre-2019 levels of economic output. Should we call it “shorewashing”? Resilinc: Okay, so what should U.S.

Manufacturing Procurement 62

Manufacturing Procurement China South Carolina Mexico 62

Supply Chain Matters

FEBRUARY 17, 2023

According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. This was noted as the highest level since 2019, a pre-pandemic measure.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Requis

NOVEMBER 11, 2019

Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition. But the benefits of digitization extend throughout the entire supply chain, from procurement to surplus disposition.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

Requis

NOVEMBER 11, 2019

Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition. But the benefits of digitization extend throughout the entire supply chain, from procurement to surplus disposition.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. In 2019, according to the U.S. Below is a breakdown of the different warehouse KPIs by type and what metrics to follow. You can use this metric to detect when your sales are dropping as inventory levels rise. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

NC State SCRC

OCTOBER 8, 2019

Gene Richter is widely known as one of the world’s true procurement gurus, and I was privileged to have known him when he came to speak several times at Michigan State during the 1992-1999 period when I was there. And when I say value, I mean more than just cost savings, or the infamous “purchase price avoidance” metric.

Procurement Analytics 8

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 8