Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. As a result, the Company was unable to build a feasible supply plan.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Allow carriers some flexibility in bidding.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. You’ll also need to procure the most suitable platform for your freight benchmarking needs. 3: Choose Your Comparisons Carefully. 3: Choose Your Comparisons Carefully.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Logility

APRIL 2, 2020

3 Get the metrics right. However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Supplier metrics should be captured about monthly. KPIs are often based on average performance levels. In this case, calculate percentile ranks.

Negotiating Skills 157

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

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Aligned Metrics. Can you help us with what you see in the data?”

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Shaman

OCTOBER 8, 2019

No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. As the baseline for comparison shifts to 2021 results, economic contraction becomes a possibility. Understanding their contribution requires precise metrics and methodologies. of the country's GDP or $2.3

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Regular price comparisons and fees evaluations allow finding vendors who offer the best quality to price ratio while staying fit for the end consumers' requirements. When to Work With Vendors. Offer honest feedback and ask for the same.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

ShipBob

JANUARY 6, 2023

You’ll also get a quick comparison of the top providers to make your search easier. Report on important performance metrics. Quick rate comparison. You can use the AI-powered platform to procure freight rates, get real-time visibility on freight movement, and automate your shipment workflow. Freight rate procurement.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Hybrent

MARCH 6, 2019

Electronic Procurement. Software that features customized search, price comparisons, and automatic updates does just that. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. The methods of evaluating metrics or developing KPIs vary significantly from company to company. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Talking Logistics

FEBRUARY 18, 2015

If you think about it in terms of Total Cost Management/Spend Management, when you start to talk about things like contract negotiation, having better insight into your spend, and understanding the metrics around it, all of which obviously provides valuable insights and helps you with those negotiations. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. What is SQM? . appeared first on Supply Chain Game Changer™.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Hybrent

MARCH 6, 2019

Electronic Procurement. Software that features customized search, price comparisons, and automatic updates does just that. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

ThroughPut

FEBRUARY 23, 2024

You can conveniently work with the right suppliers by analyzing pricing, quality, and delivery times as the system helps you identify reliable suppliers, thereby, streamlining the procurement processes. You can monitor competitor prices in real-time and keep a watch on the demand-supply metrics, enabling informed decisions.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Our analysis provides insights into how we have to operate to achieve the outcome, as well as scorecards and metrics that require additional analytical insight.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

NC State SCRC

DECEMBER 17, 2017

In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management. In the social responsibility category, metrics related to supply chain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.

North Carolina 40

North Carolina Innovation Supply Chain Software Optimal Sourcing 40

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. parts per million, in comparison to the 1960 levels of 316.91 In the case of manufacturers, it means procuring green and sustainable raw materials. While the COVID-19 pandemic brought down CO2 emissions by 5 percent —to 34.81 parts per million.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Requis

MARCH 23, 2021

Sustainability should impact procurement choices, such as favoring lower embodied carbon products over higher embodied carbon products. Safety and quality became key buying factors during procurement. It got to the point where we would make procurement decisions based on safety. You want your suppliers to adopt a common ethos.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Supply Chain Shaman

AUGUST 16, 2015

While many will compare you to SAP, it is not a comparison. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. Historically, our approaches have been too limited in scope and definition. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

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 is Procurement’s North Star Metric? The North Star Metric (NSM). Subscribe Here! Email Address.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Supply Chain Shaman

JUNE 15, 2015

Relative Comparison of Best-of-Breed Providers versus ERP Expansionists like SAP/Oracle. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Model fit and speed are essential to plan. The SAP Supply Chain Planning suite of products is not competitive.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

Unleashed

JANUARY 4, 2024

The product sourcing process can include: Market research Product research Vendor procurement Price comparison Supplier negotiations Product sourcing acts as the first and most important step in the successful execution of a business’s procurement strategy. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Supply Chain Shaman

JUNE 15, 2015

Relative Comparison of Best-of-Breed Providers versus ERP Expansionists like SAP/Oracle. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Model fit and speed are essential to plan. The SAP Supply Chain Planning suite of products is not competitive.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

Logility

OCTOBER 6, 2023

Mansi Arora, Managing Director – Strategy & Consulting, Supply Chain & Operations, Sourcing and Procurement, Accenture, November 29,2022 How does the Logility cloud platform ensure platform stability and scalability? The comparison comes down to fully understanding the total cost of ownership for on-premises systems.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

New Horizon Supply Chain Blog

JUNE 18, 2022

On the other hand, if you are in procurement at the same company and are responsible for buying milk from dairy farms, the item/store/daily forecast is more detail than you need. The table below shows forecast and actual values and then the calculated mean absolute percent error (MAPE), the most common forecast accuracy metric.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52