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The 10 Procurement Metrics that Matter in 2021

Unleashed

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.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Would better forecasting accuracy be a good thing? Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship.

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Sustainable procurement: Everything You Need to Know

Precoro

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.

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Building a Circular Supply Chain

TransAudit

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. Teams must fully understand the concept and goals, and be equipped with the tools to enact change. Recommendations: Implement robust tracking systems to verify circular input sources and histories.

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Your Ultimate Guide to Walmart Luminate

Alloy

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration. ” – Joel Beal, CEO and Cofounder @Alloy.ai

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. In implementing planning, most of the focus in purchasing technology in the sales cycle is on optimization. ” The next call was with a technology provider. Models Matter.

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What is Demand Planning? [Ultimate 2023 Guide]

Unleashed

Demand planning also considers factors such as: Your marketing strategy Seasonality Market trends Demand planning teams need to constantly be alert to technology advances such as in Artificial Intelligence or software tools which can be utilised to their advantage. They must draw on all these factors to create a ‘demand plan’.