Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? The answer is simple: through KPIs. Procurement KPI Categories.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

DELMIA Quintiq

SEPTEMBER 16, 2021

Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules. The Value of Master Production Scheduling. Brian Tracy, Author and Public Speaker.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Supply Chain Game Changer

JULY 14, 2021

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

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

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Logistics Viewpoints

APRIL 19, 2023

Third, is autonomous planning feasible for all companies of all sizes? And finally, how does a company achieve autonomous planning? DC procurement is also automated by aggregating the needs of the MFCs. Some companies have started this journey with Excel-based manual processes. You can watch the full interview below.

Supply Chain Planning Software 220

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 220

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

Procurement 52

Procurement Supply Chain Network Software Supply Chain Software KPI 52

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

Procurement 52

Procurement Supply Chain Network Software Supply Chain Software KPI 52

ivalua

JULY 26, 2022

Environmental, social and governance (ESG) initiatives are rapidly becoming boardroom priorities and companies are increasingly investing in these initiatives to achieve a competitive advantage in the marketplace. Likewise, customers and employees are increasingly demanding that companies are environmentally conscious. Key Takeaways.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Cost Reduction Strategies 130

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. Procurement ROI. Supplier defect rate.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Actively seek input from stakeholders to ensure that the KPIs remain relevant and meaningful.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Silvon Software

APRIL 29, 2022

In an effective KPI strategy, we always recommend that leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell companies how they’ve done. Every inventory KPI needs a clearly defined goal. Ideally, the average time to sell should be as low as possible.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

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

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Silvon Software

APRIL 11, 2024

By leveraging data to create personalized customer experiences, companies can enhance satisfaction and loyalty, which are critical for sustaining growth in competitive markets. By analyzing trends, market conditions, and internal performance data, companies can better anticipate challenges and devise strategies to navigate or mitigate them.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Michael has been particularly instrumental in the past 12 months working closely with companies in the fast-moving consumer goods industry on COVID-19 response and recovery.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Silvon Software

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

SCMDOJO

JUNE 1, 2023

It is seen as someone who is unsure of what they want and may well not show the longevity and commitment that a company will be looking to. If you want a career, impress by investigating the company you are applying to and tailor your CV to suit the role that is being advertised, matching the objective, keeping it succinct and to the point.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 111

Silvon Software

APRIL 1, 2024

Procurement Purchase Order Cycle Time – The average time taken from the creation of a purchase order until its fulfillment. A Unified Approach to Reach Long-Term Business Goals For a company to achieve lasting success, it’s crucial to find the right balance between operational and strategic Key Performance Indicators (KPIs).

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

ToolsGroup

JULY 6, 2023

Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making. We’re thrilled that so many companies have benefited from our AI-powered capabilities, and we’re grateful to have so many enthusiastic and knowledgeable customers around the globe.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023.

Logistics Network Optimization Software 279

Logistics Network Optimization Software Negotiating Skills Optimization Software Buyer Training 279

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What’s the mission, vision, and end goal of your company and/or your function? Subscribe Here! Email Address.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., They supervise the whole operation, from forecasting demand and planning production to procurement and logistics.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

Silvon Software

JUNE 23, 2020

Remember that the KPI you want to measure today, may not be the one you want to measure tomorrow. DSO also is part of the Cash-to-Cash Cycle Time KPI – a more complex KPI featured in many supply chain dashboards. I address this particular KPI is more detail later below. Sales to Forecast and Sales to Outlook.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. The company is present in 38 nations and has more than 40,000 employees. It is part of Koch Industries. The Molex Supply Chain.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

SCMDOJO

OCTOBER 7, 2022

To implement these recommended Logistics KPIs in your company, you should use our Logistics KPIs Dashbaord which we have designed with through research. Attribute 1 – Productivity related Logistics KPIs. One of the essential attributes would be the cost and related KPIs. Improve engagement at the workplace.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

EcoVadis

DECEMBER 29, 2016

Corporate Social Responsibility (CSR) reporting is mandatory in France for publicly listed and non-listed companies with at least 500 employees and a minimum of 100 million Euros turnover. Nonetheless, companies still lack solid methodological guidance on how to measure and reduce emissions beyond their own operations.

Report 67

Report Company France Supply Chain 67

DELMIA Quintiq

MAY 21, 2018

The examples in part one demonstrated small operational changes that can significantly improve a company’s footprint, with very little to no change management efforts. For some companies, this is a good starting point for incremental improvements. Most would require a lengthy procurement period and perhaps an even longer rollout phase.

Supply Chain Planning Software 168

Supply Chain Planning Software Sustainability Logistics Network Optimization Software Modeling 168

Logistics Bureau

DECEMBER 20, 2021

Every company that depends on selling a physical product needs to know how fast the product moves. The inventory turns KPI is the metric that provides this information. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76