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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Optimize organizational spending, time, and sourcing of goods or services. This KPI reveals how long it typically takes a supplier to ship an order after receiving it.

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28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

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. There must be a clearly defined data source with a standardized process for collecting and measuring that data. The Basics of Procurement KPIs.

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6 Manufacturing Trends You Need to Know

Arena Solutions

The engineering/manufacturing sector has a captivating attraction as a lucrative field for starting a career, thanks to technological developments and the exciting possibilities of working in industries like medical devices, electric vehicles (EV), aerospace and defense, consumer electronics, and biotechnology on cutting-edge products.

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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

These analytics techniques serve as essential tools to transform descriptive metrics into actionable insights and informed decisions. Without visibility into this complex process, identifying the areas for improvement and the actual scope for improvement was becoming a growing challenge for this aerospace sensor company.

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4 Crucial Commodities to Watch in 2023

Resilinc

And in 2021, Apple reported that 13% of cobalt shipped in its products came from recycling. This means in order to meet the growing demand, lithium production must increase from 737,000 metric tons to more than 3 million tons by 2030 ( Washington Post ). Companies that use cobalt are pushing for changes.

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. no opt-in). 15th, 2017 (PDF., no opt-in). no opt-in).

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Aerospace Industry is characterized by high material costs (about 65-80%). There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies.