Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Logistics Viewpoints

JUNE 29, 2023

This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration. Nari Viswanathan is currently Sr.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Precoro

NOVEMBER 13, 2023

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.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 3, 2018

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. Maturity in Analytics.

Supply Chain Planning Software 311

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ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Globalization.

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Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

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Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Organizations can align to drive value despite the allegiance to functional metrics. While the press is full of articles on the lack of inventory, I allege that we need to rethink inventory. Mistake #5. Measurement.

S&OP 195

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NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Game Changer

JANUARY 30, 2019

Article, and permission to publish here, provided by Sam Jenks at [link]. Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization.

Procurement Analytics 56

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Proxima

MAY 15, 2020

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. The post Sustainable procurement: a platform to rebuild appeared first on Proxima. Pre-crisis we ran some research with Finance Leaders in the US and UK.

Supply Chain Design Software 94

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Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! New age of negotiation article and permission to publish here provided by Sam Jenks at kodiakrating.com. A “100-page-plus document was filled with “supplier shall” statements that detailed FedEx’s obligations and outlined dozens of metrics for how Dell would measure success.

Negotiating Skills 69

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Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty.

KPI 83

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EcoVadis

MAY 19, 2016

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. This is making parts of the supply chain transparent for the first time – which is a very exciting prospect for ethical Procurement.

Optimal Sourcing 40

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QAD

FEBRUARY 7, 2023

Peter Kraljic, a director at McKinsey & Company, coined the term “supplier relationship management” in 1983 in an article that proposed segmenting a business’ supplier base and mapping it against risk and profitability. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 98

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Supply Chain Game Changer

OCTOBER 4, 2022

Effective supply chain management includes the planning and implementation of several tasks such as acquisition, sources, conversion, and delivery. Partner Expertise In Sourcing. When obtaining resources, services, or data from a third party, a project manager ensures that both internal and external sources are consistent and timely.

Manufacturing Procurement 81

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Supply Chain Game Changer

JULY 21, 2021

Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. 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.

Supply Chain Planning Software 98

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Supply Chain Game Changer

AUGUST 13, 2020

Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Agile and Lean Supply Chain 121

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Supply Chain Game Changer

MAY 5, 2021

Resilience article and permission to publish here provided by Sam White at Argentus. Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Precoro

JUNE 6, 2022

Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Vendors source avail goods and services to sell them to the end customers – companies or individuals. When to Work With Vendors.

Manufacturing Procurement 98

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Supply Chain Game Changer

SEPTEMBER 15, 2020

Manage Procurement Spend Like It’s Your Own Business! Specifically in the area of Procurement there has been a history associated with attempts to direct spending toward diversity owned businesses. In this article we’d like to explore the history and state of Supply Diversity. Subscribe to Supply Chain Game Changer.

Procurement 81

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Supply Chain Game Changer

NOVEMBER 28, 2018

Supplier bases are a great source of potential innovation. But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential. Define Goals and Values.

Innovation 59

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Supply Chain Game Changer

NOVEMBER 5, 2020

Employee engagement article and permission to publish here provided by Brian Kennedy at scmtalent.com. Whether it’s your SVP of Supply Chain or a Sourcing Analyst, it’s important to make sure each member of your organization understands what success looks like and feels their value and purpose within the company. Subscribe Here!

Supply Chain 95

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Unleashed

JANUARY 29, 2024

This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 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. We regularly assess our environmental footprint to look for areas to contribute to environmental sustainability in our communities.

Resource Reduction 242

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Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Sourcing new suppliers, trialling products, and negotiating contracts can be costly and time-consuming. This is part of your sourcing roadmap. What is supplier relationship management?

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Enterra Insights

JULY 27, 2021

” In the first installment of this two-part article, I discussed why circular supply chains are a good idea — even if they are difficult to implement. In the concluding part of the article, I want to discuss some specific things experts suggest supply chain professionals can do to make their supply chains more circular.

Supply Chain Design Software 100

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Supply Chain Game Changer

JULY 29, 2021

India’s second wave of Covid article and permission to publish here provided by Ajay Jha. Saudi Arabia shipped 80 Metric tonnes of liquid oxygen to India and Portugal assured 20,000 litres of oxygen per week to India along with 5503 vials of Remdesvir. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

India 105

India Supply Chain Saudi Arabia Portugal 105

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. This article explores the importance of innovation in supply chain management and highlights key areas where innovation can revolutionize traditional practices.

Sourcing Strategies 52

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Talking Logistics

MAY 8, 2013

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). And as I highlighted last week, according to an article in the Wall Street Journal , “Wal-Mart Stores Inc.,

Supply Chain Planning Software 237

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Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

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Supply Chain Shaman

APRIL 17, 2013

Source Merriam-Webster Dictionary. There are a number of newly anointed experts writing articles about becoming demand driven. I like the idea that this old concept is gaining new steam; but unfortunately, too few people writing the articles really understand the concepts. The acronyms keep coming…. The cadence does not stop.

Supply Chain Design Software 257

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SupplyShift

JUNE 23, 2021

Yet to holistically tackle ESG performance, procurement teams must evaluate their operations at tier two, three, and beyond, as each level of the supply chain carries different risks. This will allow you to track certification status, trace products back to their origin, and ensure that materials are legally sourced and ESG-compliant.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Design Software Manufacturing Procurement Material Savings 52

Cathy Roberson

APRIL 6, 2022

Keep the conversation going and if I left out your comment, my apologies - Add your thoughts in the comment section at the end of the article. I’ve tried to group the responses into topic buckets. E2E, esp critical upstream where the supply of supply chains begin, must start with the #PO. Milestone updates is chips to get in the game.

Real-time Visibility 52

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