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In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.
We’ve seen AI take over everyday tools and search engines; AI in Sourcing and Procurement is becoming a strategic tool in our kit, At Ivalua, we are helping global procurement teams integrate AI across the Source-to-Pay process, bringing automation, insight, and agility to every step. This is where AI can make a huge difference.
At the beginning of each year, many supply chain blogs/sites publish the articles about their most popular contents of the year or make the predictions for things that might happen in the coming year. For SupplyChainOpz, we will do something a bit different, we will uncover the most outstanding supply chain blogs and their contents.
April 23, 2025 Blog Today, we’re excited to announce the launch of Freightos Enterprise our comprehensive solution designed specifically for large enterprises that import and export, who need to bring control, visibility, and efficiency to their global logistics operations.
Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. The ability to meet fulfillment goals is impeded by several issues.
In this blog, I also make the argument that if you follow the Gartner Magic Quadrant direction, you may decrease the value of the firm. For 80% of industries, the supply chain metrics represent more than 40% impact on value. Today, companies measure too many metrics without a clear definition of value. The market lacks a leader.
Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives. A well-equipped distributor is an extension of your brand and a key to market penetration.
In this blog, we cover the key differences between procurement and supply chain management, and explain where the biggest disconnects typically occur. In many organizations, procurement also plays a critical role in ESG compliance, innovation sourcing, and maintaining business continuity during supply disruptions.
It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation.
In this final blog on agility and why you should consider becoming an agilist to survive the new completion (of the continuous mention) of the application of enterprise decision management systems (EDMS) from Taylor and Raden cited in the first blog, I turn to the metric of agility and a new ROI metric of decision yield.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
April 23, 2025 Blog Today, we’re excited to announce the launch of Freightos Enterprise our comprehensive solution designed specifically for large enterprises that import and export, who need to bring control, visibility, and efficiency to their global logistics operations.
This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations.
In this blog post, we’ll explore the challenges of inventory management in today’s manufacturing landscape , discuss the importance of a “single source of truth” for global inventory, and introduce a powerful solution that can help manufacturers transform their operations and drive profitability. How do they achieve this?
This blog explores the most common challenges in digital procurement and the capabilities that matter most. Digital procurement streamlines workflows and unifies data, enabling faster sourcing, better collaboration, and improved accuracy. Procurement Teams Digital technology empowers procurement teams with efficiency and control.
This blog will review how category managers and supply planners can use cluster analysis to make smarter decisions and grow sales. Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. The retail industry is rich with data.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
In this blog post, I give a framework to drive discussions. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. Visibility. Design Thinking.
However, AI-powered demand forecasting software like ToolsGroup has transformed this process by incorporating early indicators from diverse data sources: Web analytics and search trends Product attribute similarities to existing items Social media engagement and sentiment analysis Competitive product performance data Early order patterns and consumer (..)
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology? Here are some of the most important tools teams are already using.
Happy Valentine’s Day to all my blog readers. This is my 440th blog post and the tenth anniversary Supply Chain Shaman. Most supply chain leaders cannot get their groove on because they generalize–the use of the same metric targets and tactics for the supply chain without paying attention to the flows. Wrong Metrics.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
The traditional metrics of excellence cost efficiency, on-time delivery while still important, are no longer sufficient in an era defined by volatility, complexity and political changes. The stakes are high, in previous blog posts New Tariffs Are Coming and The Pressures of Omni-Channel Fulfillment and Returns Are Growing.
We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition. In fact, we are introducing our newest blog category so you may easily read all supplier quality management type posts here. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).
Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. Metrics – BPO vendors can also help firms utilize performance metrics and KPIs to help monitor performance and help to identify ways to improve it. versus $4.84 For example ….
Running procurement and supply chain without metrics is like driving blindfolded. Decoding the Metrics: What Are They Telling You? A lower TCO indicates better value sourcing, even if the initial purchase price isn’t the absolute lowest. Do you rely on a single source for critical items?
This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management. For instance, a student interested in sustainable supply chain practices might choose courses focused on green logistics, ethical sourcing, and environmental impact assessment.
Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.
To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.
The investments in new approaches and deploying outside-in processes enables quicker sensing and bi-directional orchestration across source, make, and deliver. Traditional planning taxonomies focus on the optimization of functional metrics. Stay well and thanks for reading my blog. Redefinition of Work in Planning.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Across OTR Transportation Modes. Outsourcing and Managed Transportation Solutions.
This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. This approach often involves using standalone or point solutions that focus specifically on sustainability metrics and reporting.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. There may be several nodes that are critical and single sourced thus elevating the risk profile of the supply chain. AI Assistants can also help make managing the process of supply chain design easier.
Whether you’re sourcing from different warehouses or shipping to various branches, VRM tools help track and manage vendors across multiple locations. Kechie ERP with VRM capability helps you monitor metrics like delivery times, product quality, and order consistency. In This Article Why is Vendor Relationship Management Important?
Unlike most of the KPIs we recommend, perfect order is a composite of several elementary metrics. Damage-free delivery: This measurement is sometimes incorporated into the in full KPI, but can just also be a stand-alone metric. What about DIFOT?
We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. Capacity & Carrier Metrics Resources to Download. Transportation Metrics that Matter the Most for Shippers to Track to Improve Performance. We hope you enjoy! We hope you enjoy this very first episode of The Freight project podcast! Download E-Book.
For smaller fashion brands, as highlighted by Glossy , the financial burden of tariffs can be especially acute, often forcing them to absorb higher costs or shift their sourcing strategies entirely. Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics U.S.
. Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for managing logistics effectiveness. The reality is being changed very fast, so people are sharing their knowledge and experience as well as are providing their gains as the open source. IT and technology literacy.
This blog breaks down what retailer scorecards are, what they measure (including OTIF), how they vary by retailer, and how you can improve your performance to avoid costly penalties. One of the most important metrics on a retailer scorecard is OTIF , which stands for On Time, In Full. What Is a Retailer Scorecard? A scheduling problem?
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