Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Shaman

APRIL 9, 2021

Focus on functional metrics without alignment to a balanced scorecard to drive value. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. Belief in efficient procurement. Investment in indirect procurement hi-jacked investment in building value networks.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

Supply Chain Shaman

SEPTEMBER 28, 2022

In this volatile world, efficient procurement led by a CFO is not the answer. The low Return on Invested Capital (ROIC) and the growth below the industry average comes from the lack of network design and organizational alignment between new product development, manufacturing, and procurement. What is the issue? Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Proxima

JANUARY 5, 2021

Today’s supply chain and procurement leaders are facing a monumental task: how to create a resilient, ambitious, and innovative organizations while transitioning to a new year, and balancing the lasting impact that this pandemic has brought upon them. Put those metrics into motion to make improvements based on solid knowledge.

Expense Reduction 52

Expense Reduction Price Reduction Modeling Optimal Sourcing 52

Supply Chain Shaman

JANUARY 31, 2022

The US GDP in 2021 grew at an unexpected rate of 5.7% A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. in the second year of the pandemic. Focus on Cost. A Decline in Innovation.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

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. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

FEBRUARY 7, 2022

The US GDP in 2021 grew at an unexpected rate of 5.7% A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. in the second year of the pandemic. Focus on Cost. A Decline in Innovation.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. Next, the enterprise can set targets.

Cost Reduction Strategies 211

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 211

SupplyShift

NOVEMBER 4, 2020

In this post, we’ll go over the most important things you can do this year to set your supply chain transparency efforts up for success in 2021. 2021 Supply Chain Transparency Checklist We’ve helped dozens of businesses create new levels of visibility into their supply chains. What synergies exist between us? (

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

In this post, we’ll go over the most important things you can do this year to set your supply chain transparency efforts up for success in 2021. 2021 Supply Chain Transparency Checklist. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. LogiSYM Supply Chain Magazine – September 2021. Synopsis: GeTS Webinar 9th Sept 2021. million gallons of SAF this year. Load More.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

The Logistics of Logistics

JUNE 23, 2022

Above-average holiday shipping seasons in 2020 and 2021 led to an above-average returns rate in the usual Quiet Season. Continued lockdowns over the emergence of new COVID variants left the Produce Shipping Season of 2021 in a panic. for the same period in 2021. over the 2021 cost, such as in the New England region.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

SCM Research

JUNE 24, 2021

The influential Chartered Association of Business Scholars has just published its Academic Journal Guide 2021. This is good news for both logistics and procurement scholars. My conclusion: The team behind the 2021 Academic Journal Guide appears to have listened to the harsh criticism from OSCM scholars.

Journal 28

Journal San Francisco Manufacturing Procurement Procurement Analytics 28

SupplyShift

MAY 27, 2021

Elevate the Role of Procurement. Procurement professionals’ position of leverage with suppliers gives them a unique ability to normalize sustainable procurement practices and redefine global supply chains. On Procurement and Engagement with Small Suppliers.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 52

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

DynaSys

FEBRUARY 3, 2021

This requires reviews of demand variables, KPIs, macroeconomic indicators, and the spread of Covid19, along with current operational metrics as part of your S&OP process, conducted at least monthly. The post COVID-19 in 2021: Supply Chain Organizations’ Biggest Concerns appeared first on QAD Dynasys Blog.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

SupplyShift

MAY 27, 2021

Elevate the Role of Procurement Procurement professionals’ position of leverage with suppliers gives them a unique ability to normalize sustainable procurement practices and redefine global supply chains. This is especially true when it comes to Scope 3 emissions reduction.

Resource Reduction 40

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 40

QAD

AUGUST 12, 2021

If you’re reading this blog in 2021, you know about the increasing importance of sustainability and reduced environmental impact with fires in the western US, excessive flooding in Europe and a recent Canadian heat wave. In other examples, you’ll find ERP provides the necessary insights and metrics, like OEE , to enhance production execution.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

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.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

JUNE 1, 2023

The evolution towards autonomous planning has gained speed over the last two years, and we already see businesses moving from human-in-the-loop decision-making to fully autonomous decisions on daily operational plans such as store replenishment, warehouse procurement, transportation planning, production planning, and order fulfillment.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Procurement Cost. Originally written for Supply Chain Game Changer and published on July 21, 2021. Get Our EBOOK HERE.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. The services industry, which is much larger than the goods sector, has started a potential wage-price spiral through pay raises granted in 2021 and 2022. business logistics amounts to 9.1% The cost of U.S.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

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

ShipBob

APRIL 26, 2023

This was followed shortly by the Great Resignation, with resignation rates in the manufacturing industry almost hitting 60% in late 2021. The 2021 Suez Canal blockage , for example, put a temporary stop to a major portion of the global shipping industry.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Supply Chain Game Changer

JULY 29, 2021

April 2021 saw India grappling with Covid- 19 again. Between 27 th December 2020 and March 11 , 2021, Covid cases were around 20,000 per day and it was believed the pattern would continue. HLL is acting as a nodal agency of Union Health and Family Welfare Ministry in the procurement and distribution of medicines and medical equipment.

India 105

India Supply Chain Saudi Arabia Portugal 105

Enterra Insights

JULY 27, 2021

Simulate the CO 2 footprint of the plan through procurement, production, and transport. ” Harvard Business Review, 15 June 2021. [2] 2] Vicki Folmar, “ Sustainability & Circularity in Your Supply Chain Planning ,” Arkieva Blog, 18 May 2021. [3] Increase forecasting accuracy to reduce obsolete inventory.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 100

The Logistics & Supply Chain Management Society

APRIL 26, 2022

According to the Conference Board, despite lockdowns and COVID-19 related restrictions, consumer confidence in Asia rose in the last quarter of 2021 to 128 points from 126 points. Just take a look at what’s been happening over the last 3-4 months. BE READY FOR THE NEW NORMAL.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Matters

FEBRUARY 14, 2024

Once more, the January reading is well below the gauge of the December 2021 reading of 4.33, when cascading global-wide shipping disruptions began to manifest globally. As echoed in Maersk ’s latest acknowledgement, the disruption is not of the magnitude of 2021-2022 global wide disruptions.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. In 2021, the global atmospheric carbon dioxide levels reached a high of 416.45 Hurricane Ida struck the Gulf of Mexico in August 2021, destroying industrial installations for pharmaceuticals and plastics. A slow-moving crisis. parts per million.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Elementum

JUNE 30, 2022

In 2021, Treasury Secretary Janet Yellen optimistically predicted that inflation would be transitory. In fact, June’s report from the Bureau of Labor Statistics showed that inflation is accelerating. Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Sustained Inflation.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

SupplyShift

JUNE 2, 2021

In 2021, most businesses understand that consumers are putting their dollars towards brands that align with their values, which often include sustainability and ESG. As investors and shareholders demand more accountability, we are beginning to see ESG metrics more tightly integrated into corporate reporting metrics.

Supply Chain Planning Software 52

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

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. It won’t be easy, but it will be worth it.

Material Savings 52

Material Savings Price Reduction Waste Reduction Cost Reduction Strategies 52

SupplyShift

JUNE 17, 2021

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. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Struggling to choose?

Material Savings 52

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

SupplyShift

JUNE 17, 2021

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. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Source: sasb.org. Define Success. .

Material Savings 52

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