ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

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? Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

Supply Chain Shaman

OCTOBER 6, 2013

When this happens, there is greater balance between metric trade-offs and resiliency in year-over-year improvements in corporate performance. And, we try to be clear in the course that the starting point is in improving reliability. I do not think that this will happen through the repurposing of indirect procurement networks (e.g.,

Supply Chain Network Software 219

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 219

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

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Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

FEBRUARY 1, 2024

Over the course of the last decade, his story is the same. Optimization engines to improve functional metric performance resulted in an exploding number of planners. Use this data as an input to safety stock calculations, procurement decisions, and production planning. Back to John. His comments are typically a word salad rant.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Procurement Academy

OCTOBER 25, 2021

That’s good, of course. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Procurement Academy

OCTOBER 11, 2023

Of course, asking team members to self-identify any gaps in their knowledge can be challenging, but it can also be a helpful part of building an effective training program that meets their needs. Of course, high-quality corporate training programs will result in concrete improvements in team performance.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). . Impact on the ecosystem.

Procurement Analytics 52

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Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. To change course, learn from history, to unlearn to rethink outcomes.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. With scores, analyses, and graphs, this supply chain tool provides a comprehensive evaluation of materials management competency and help set a course for improvement.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Logistics Bureau

JULY 27, 2016

Supplier Performance Metrics for Every Organisation. In this post, you’ll find some suggested metrics for supplier performance evaluation and management. Alternatively you could have two metrics, one for advised variations and one for variations discovered upon goods receipt. Other Supplier Performance Metrics.

Procurement Analytics 40

Procurement Analytics Metrics Procurement Solutions Analytics Software 40

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. 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. That’s the first question to ask.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Over the course of a year, we analyzed a decade of financial data to gain an understanding of how companies and industry sectors are balancing growth, profitability, cycles and complexity. We enjoy writing them!

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 254

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal. Coursera: Supplier management course from Rutger University.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Procurement Academy

OCTOBER 2, 2023

In specialist industries, like supply chain or procurement, this task is even more crucial. By taking the time to understand each training provider’s course offering, and making sure that these address your business’s specific needs, you can significantly increase the value of any training for your teams.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Supply Chain Planning Software 52

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. There is a lack of clarity on what drives value and metrics are functional. Inventory is often focused on as a singular metric, not as part of a complex supply chain system. Procurement. Procurement programs are implemented as standalone processes.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

Supply Chain Shaman

OCTOBER 1, 2013

Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. OI has been more focused on transactional efficiency, procurement and IT standardization. It cannot be about singular metrics. Demand is volatile, price is competitive and complexity reigns. Conscious Choice.

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

ivalua

JUNE 29, 2020

Now, of course the systems of healthcare differ but overall the level and growth is certainly a concern. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. The above is a simplified view, of course. Share on Twitter. Watch a BSW webinar here.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. Therefore, you can’t improve them.

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

Supply Chain Opz

MARCH 31, 2015

After that, we collect various metrics of each purchasing book as below, - Citation counts: a basic bibliometric method showing how many times a book is cited by other publications. Of course, this metric will not be used in isolation. Rudzki and Robert J. Monczka, Robert B. van Weele 6) Purchasing and Supply Management by P.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. I thought the primary issues were between commercial teams and operations.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

Procurement Academy

MARCH 12, 2024

In response to these challenges, Skill Dynamics is proud to introduce the Future Skills course for Cost Optimization. This article is a deep dive into this course – which is specially designed to give the professionals in your team the knowledge and skills they need to excel in strategic cost management.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

GlobalTranz

DECEMBER 27, 2017

We will feature over the next 4 business days each category's most viewed posts over the course of 2017. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure? These will only contain posts written in 2017. There were approximately 220 blog posts in 2017, and over 360,000 page views on those posts alone.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

Supply Chain Shaman

OCTOBER 8, 2019

Over the course of the last two weeks, I find myself sitting in CFO offices attempting to explain how financial leadership can drive supply chain improvement. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. The Preamble.

Supply Chain Design Software 183

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

Proxima

AUGUST 25, 2021

Time for procurement to lead. Inflation is a word that has been on the lips of every procurement team in 2021. And then there are semiconductors, of course, reflecting where a fast-growing global trend and just in time supply chain meets constrained demand. Consider: As a procurement professional, you are the expert on markets.

Material Savings 52

Material Savings Price Reduction Waste Reduction Cost Reduction Strategies 52

SCMDOJO

NOVEMBER 9, 2023

Establishing Optimized Purchasing Procedures In the quest to ensure the stringent oversight of inventory, it becomes imperative to adopt procurement strategies that harmonize seamlessly with authentic sales history and demand patterns. Demand patterns are studied to come up with efficient inventory control templates.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Logistics Viewpoints

MAY 19, 2022

Scenarios allow planners to ask all kinds of what-if questions to help determine the best course of action under a variety of future outcomes. You have a limited procurement budget but want to maximize revenue with a supply-driven production plan that minimizes waste. Why supply chain optimization matters.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Supply Chain Shaman

MAY 21, 2013

Over the course of the last week, I have been working on healthcare research. Over the course of the last five years, they have fought the shift in power. Generalize procurement of materials. Some helpful reports include: Supply Chain Metrics That Matter: The Cash-to-Cash Cycle. These costs now lack controls.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

GlobalTranz

MARCH 23, 2016

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

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. Producer Price Index approaching 10%, has proven durable and may worsen before reversing course 4. 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

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Supply Chain Game Changer

MAY 5, 2021

Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain. The competencies required to bring about this new model can be bigger than redesigning RFPs or the Procurement process. But what do you think?

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JUNE 18, 2015

The practices are still emerging and have morphed dramatically over the course of the supply chain leader’s career. In discrete industries, the early supply chain organizations reported to procurement. Looking Back at History. For perspective, let’s look back at history. The goal was efficiency.

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Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 150