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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

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Do You Really Understand What’s Driving Your Demand Planning Processes?

Logility

Forecasting and demand planning can be a challenge because they require a significant amount of quantitative analysis and subjective management judgment. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.) Here’s where they help.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The core of the Freight Procurement Stage is the creation of a comprehensive Request for Proposal (RFP) or Request for Quotation (RFQ) document. This document outlines the shipper’s shipping requirements, expectations, evaluation criteria, timeline and contract terms. If not, what is mutually agreed review timing and basis?)

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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

Category analysis The sourcing team together with the stakeholders (typically top management) analyzes the business needs and requirements of specific departments, identifies current spending patterns, and categorizes the typical purchases according to purpose, quantity, and purchase frequency. Benchmarks, analysis, and improvements.

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Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

The focus is on functional metrics, but are unable to get to overall supply chain metrics. Listening posts use sentiment analysis based on unstructured text mining. Example of Social Sentiment Analysis. Pictures, images, text, email, sentiment, contracts, documents are all areas of opportunity. Design Thinking.

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What Is PPV? Purchase Price Variance Explained

Precoro

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Here are some other ways to balance PPV metrics.