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Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. But what does it actually take to regain control and build a procurement strategy that’s both resilient and scalable? How do you begin developing a procurement strategy?
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
The formula for OTIF is: Measuring a supply chain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Establishing standard benchmarks for services and innovations in fulfillment centers is crucial in this context.
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announced today at its annual Connect customer conference the release of its highly anticipated 2024 Forecasting and Inventory Benchmark Study. However, by 2023, sales growth normalized to just 1% above 2018 levels.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. Irony Over the last decade, the number of planners at global manufacturing companies exploded.
This week, the organization reported that net sales decreased 2 percent to $19.5 It does not fit into traditional supply chain models. The range of bullwhip from the order to planned orders for manufacturing was 2.5-4.0. Outsourced manufacturing had a bullwhip of 8-9. third-party manufacturing) build resilience.
Using KPIs for performance measurement ensures that you are continuously evaluating your business activity against a static benchmark. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Why Are KPIs Important?
Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.
Analytics and business intelligence (BI) are no longer optionaltheyre essential. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t. Flexible Delivery Options Interactive dashboards, scheduled reports, alerts, mobile access, and more.
For AFFLINK's partners and affiliates navigating complex procurement environments, ESG integration reshapes how supply chains are built, evaluated, and optimized. With consumers and investors alike expecting higher accountability, ESG compliance has become a key differentiator in global procurement.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurementcost reduction.
Inventory is the lifeblood of any manufacturing business. Get it right, and youve got happy customers and streamlined costs. Striking the perfect balance between available stock and cost efficiency is key. Benchmark against your industry average for best insight. Thats where data-driven decision-making comes in!
A digital passport electronically enables consumers, businesses, and governments to make responsible purchasing decisions about a products origin, materials, components, carbon footprint, supply chain, and much more. Harmonized Digital Systems: Collaborates across the value chain to report data into the battery passport.
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supply chain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. What is procurements role in CSRD?
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
Gartner says, adding that “They are approaching the current environment from a data-driven analytical method that wasn’t nearly as prominent five years ago.” lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
In the first facility management was focused on controlling the workforce through individual metrics. lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. companies are reshoring and foreign companies are investing in U.S.
The final pillar of defense against cargo theft involves collaboration with trusted partners to track threats and report incidents – which often doesn’t happen even in today’s environment. lost net about 200,000 manufacturing jobs per year to offshoring. companies are reshoring and foreign companies are investing in U.S.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. births per 1,000 women in 2023 was the lowest ever recorded since data collection began in 1909, according to the CDC report. That left logistics costs as a percent of US GDP down a bit in 2024 to 8.7%. trillion, up from $2.44
I will note we lost one member of our index when software maker and privately held Aptean acquired Logility early in 2025, and will soon lose another software company when non-public WiseTech’s purchase of e2open is finalized. lost net about 200,000 manufacturing jobs per year to offshoring. In comparison, in 2000-2007 the U.S.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. Again this year, Penske Logistics funded the report development. Somewhere along the way, CSCMP took over the sponsorship.
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally lost net about 200,000 manufacturing jobs per year to offshoring. Supply Chain Digest Says.
Commandment 9: Insist on User Friendliness Independent of the effort put forth to design a system, purchase hardware and develop software, the single biggest test of implementation occurs when an operator attempts to scan bar coded media. lost net about 200,000 manufacturing jobs per year to offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
That was captured in the SOL report by the chart below, which shows uncertainty, as tracked by something called the Economic Policy Uncertainty Index from an organization of academics using the same name as the index. Source: State of Logstics Report 2025 May you live in interesting times, as the Chinese saying goes.
The notions of continually changing restricted parties or supplier listings require constant updating of information and automated screening needs applied to material purchases or material movements among countries or regions. There is broader context to risks that include regulatory, reputational along with legal dimensions.
That also led Klappich to recently define a new category of software, which Gartner calls a Multiagent Orchestration Platform (MAOP) for managing mobile robots in warehousing and manufacturing. ( lost net about 200,000 manufacturing jobs per year to offshoring. companies are reshoring and foreign companies are investing in U.S.
in May, but falling below the key 50 mark that separates US manufacturing expansion from contraction for 30 out of the last 32 months. Another manager in the computers and electrics sector stated that: “Tariffs continue to cause confusion and uncertainty for long-term procurement decisions. A Manufacturing PMI above 42.3,
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
lost net about 200,000 manufacturing jobs per year to offshoring. In order to help companies decide objectively to reshore manufacturing back to the U.S. or offshore, the nonprofit Reshoring Initiative's free Total Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.
Electric Charging Station Installs Soar in Q2 According to a report from Transport Topics this week, 703 high-speed, public charging stations opened in the US in the second quarter, the second-largest such infrastructure boom on record, according to Department of Energy data. lost net about 200,000 manufacturing jobs per year to offshoring.
Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.
These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics. Charter a team and test and learn to understand the potential for cognitive and prescriptive analytics. 3) Rethinking Manufacturing. Figure 2: Development of Outside-In Processes. 2) Learning Supply Chains.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.
At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.
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