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The 10 Procurement Metrics that Matter in 2021

Unleashed

Traditional heavy industries, such as oil, gas, chemicals, and advanced materials will navigate major cost challenges resulting from a significantly reduced demand. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. In this post, we’ll unpack ten top procurement metrics and why they matter.

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Asking the Right Questions Is The First Step To Drive Supply Chain Excellence

Supply Chain Shaman

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). At the end of the presentation, I ask the audience for questions. The reason?

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Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. Chemical margins are following oil prices.

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Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

Tomorrow, I present the Supply Chains To Admire 2015 Analysis at the Supply Chain Insights Global Summit in Scottsdale, AZ. It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The theme is “Imagine the Supply Chain of 2025.” It needs to be.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. During the presentation, I squirmed uncomfortably in my seat. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. The result? The reason?

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The Chemical Supply Chain: 3 Things Learned from This Year’s LogiChem Conference

CH Robinson Transportfolio

The Chemical Supply Chain: 3 Things Learned from This Year’s LogiChem Conference. The panels and presenters at LogiChem USA displayed an expertise in chemical supply chains seen nowhere else. Chemical prices tend to move in conjunction with crude/natural gas prices. Transporfolio by C.H. I’ll see you there.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?