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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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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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Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Sustainable procurement is one of the four themes of our assessment; it has its own theme score and is included in the overall rating.

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32 KPIs That Drive Inventory Optimization

Silvon Software

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. There must be a clearly defined data source with a standardized process for collecting and measuring that data. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs. Sales KPIs.

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Unethical Supply Chains Cost More Than Dollars and Cents

QAD

Consumers now demand transparency about the way a business operates and how the organization is contributing to a more sustainable future. As a friend of mine states often, “Consumers previously just wanted to know if their food is organic. Where do supply chain ethics and sustainability rank on your organization’s priority list?

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Collaboration and Visibility in the Supply Chain

Oracle SCM

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). Gather global commodity prices and planned global procurement to drive procurement to best prices. safety stock or other planned parameters).

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

Supply Chain Shaman

With the evolution of NoSQL–Graph and Cognitive Ontological learning–models can now manage multiple data sources as inputs while driving a forecast to multiple roles simultaneously in role-based views. However, the approach is new and poorly understood, and only 7% of consumer products companies are innovators.