Remove Analysis Remove Eliminating Excel in Purchasing Remove Events Remove Manufacturing
article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. To navigate complex and fast-paced markets, an agenda of spend analysis is introduced as a part of the procurement function. From whom are we buying? In what quantities are we buying?

article thumbnail

Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

For a more detailed analysis, check out the Power point summary.) Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Despite spending 1.1%

article thumbnail

Strategy. Strategy. Wherefore Art Thou Strategy?

Supply Chain Shaman

The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. Analytics investments are essential.

article thumbnail

Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The analysis is now in its ninetieth year. The Gartner analysis is biased toward companies within the Gartner network.

Gartner 391
article thumbnail

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

Excellent firms don’t believe in excellence – only in constant improvement and constant change. The idiom, rearranging the deck chairs on the Titanic, symbolizes working on something pointless or insignificant because it will soon be overtaken by events. What Is Supply Chain Excellence? Tom Peters.

article thumbnail

How To Jump

Supply Chain Shaman

At the event, presentation after presentation focused on improving engines. Can we build collaborative platforms for role-based discussions across commercial (sales and marketing) and operations (manufacturing, logistics, and purchasing) teams? MRO Additive Manufacturing Not Forecastable Machine sensing to improve proactivity.