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Five Predictions (About Prediction) that Every Procurement Professional Should Consider

Supply Chain View from the Field

Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. For example, do we have the information on when we are buying energy – during peak hours or not?

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Handfield’s Top Supply Chain Predictions for 2016

NC State SCRC

In other words, many supply chain and purchasing solutions looks at historical transaction activity (what happened in the past and is captured in our ERP systems). Lost in this discussion is how to identify the right types of key indicators that captures key performance dimensions from suppliers through to customers.