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. Reward teams for cross-functional metrics. Supplier Development.

Supply Chain Planning Software 311

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

QAD

NOVEMBER 8, 2022

Jennifer focuses on four supply chain approaches to meet quality and efficiency targets and achieve production promises: Broadening multi-sourcing and the use of near shore suppliers. Expanding supplier relationships. Broadening Multi-Sourcing and the Use of Near Shore Suppliers.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

QAD

OCTOBER 18, 2022

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? Supplier risk information is a fundamental element of supplier data that needs to be continuously monitored for out-of-tolerance activities to ensure companies can act immediately to mitigate any business risk.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

ivalua

AUGUST 19, 2021

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. In fact, in the study, 87% rate supplier management programs as important, high priority or top priority.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

SCMDOJO

FEBRUARY 29, 2024

Supplier rating may lead either to re-approval or reappraisal and removal from the list of approved suppliers. If we try to interview supply chain managers or supplier quality managers and ask them how many of them measure supplier performance, around 50-75% will answer with a YES. Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ivalua

NOVEMBER 25, 2020

Leading Procurement organizations who had the right procurement processes and supply chain technologies in place were able to mitigate the impact of that disruption by staying agile and providing businesses with the supply chain data they needed to make rapid, informed business-decisions. It’s critical to be vigilant.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

EcoVadis

MAY 31, 2018

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. Our customers are finding that high-scoring companies are the ones engaged in creating long-term shared value.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

ivalua

AUGUST 16, 2021

The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Suppliers are no longer just transactional in nature to be kept at arm’s length.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

QAD

AUGUST 26, 2021

The plan should include route optimization, sales forecasting, product categorization, safety stock calculation, supplier management and warehouse management. Focused solutions or packaged applications with pre-built AI models which only require the input data. Data Readiness. A Lack of Talent.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

HICX Solutions

FEBRUARY 15, 2024

Organizations will need to consider and invest in customer experience metrics and data analytics to understand better what their customers want and enhance the supply chain’s ability to understand this. Supply chain management software and supplier data software empower organizations to collaborate and work together on a global level.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

ivalua

AUGUST 1, 2022

The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

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

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. AI for supplier relationship assessment. Now that’s where the first use case of AI in the supply chain emerges: AI for demand forecasting. The solution?

Predictive Analytics Software 59

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

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. This analytical approach empowers supply chain managers to not only connect the dots between trends, patterns, and associations but also make informed decisions.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. Metrics Alignment. Most companies operate well within functions, but struggle to build strong horizontal processes.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

QAD

OCTOBER 24, 2023

As a result, it’s difficult to discover qualified suppliers, effectively collaborate with suppliers and quickly respond to unexpected supply events. Collaborative processes transform a typical transaction-based association with suppliers into two-way access and mutually beneficial relationships.

Supplier Management 94

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

Taulia

OCTOBER 20, 2021

This encompasses sourcing raw materials from suppliers, the movement of materials through the relevant manufacturing operations, and the distribution of finished goods to consumers. As such, an efficient supply chain is one in which orders are fulfilled by suppliers on time, while minimizing operational costs.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

QAD

FEBRUARY 7, 2023

Run and Maintain the Strategy Both the performance of the supplier and the performance of the strategy around maintaining that supplier relationship must continuously be evaluated so any changes can be made in real time. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Unleashed

DECEMBER 10, 2023

OMS and ERP systems both automate your workflows, collect and analyse data, and can be integrated with other business applications. ERP systems integrate and manage several aspects of your business, such as accounting, finance, operations, and human resources activities. This article breaks down the key differences between OMS vs ERP.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 52

QAD

OCTOBER 4, 2023

Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems. What is Supply Chain Analytics and Why is it Important?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Matters

FEBRUARY 17, 2023

In this Supply Chain Matters editorial commentary this Editor dwells on data relative to U.S. The report’s essence is that in the first month of this year, corporations planned repurchases of stock has more than tripled to the amount of $132 billion, according to data compiled by Birinyi Associates , reaching the highest total ever.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Unleashed

MARCH 28, 2021

Providing greater visibility, supplier relationship management helps to identify and reduce potential risks. SRM and online inventory management enable businesses to track suppliers and gather vital data to easily verify supplier information, identify potential supplier risks, and track performance.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. 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.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

HICX Solutions

JANUARY 27, 2023

What is Supplier Lifecycle Management? Supplier Lifecycle Management is a holistic process of managing external suppliers and their associated data in an organized, efficient, and integrated manner for the duration of the end-to-end relationship and beyond.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Procurement Solutions 52

Jaggaer

MARCH 18, 2020

Learn how data can drive your roadmap with our survey, “ Digital Transformation: How Close Are We? ”. Looking at the current state of business as a whole, Bartolini says, “Businesses are more reliant on their suppliers for the direct success of their products, services and sales, and in their customer relationships.” “ The?opportunity

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

Taulia

JULY 5, 2021

As buyers source components from several suppliers, they often implement a VMI program at a third-party warehouse near the production or assembly location. Suppliers are then required to hold approved goods until the buyer requests delivery. What is the difference between VMI and traditional inventory management?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Unleashed

JANUARY 10, 2023

The supply planning process involves: Forecasting customer demand based on historical data and market trends Identifying opportunities for optimisation throughout the supply chain Putting a strategy in place to capitalise on those opportunities. Preparation is critical for coping with disruptive events.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain View from the Field

JANUARY 14, 2015

ERP systems are generally thought of as large systems with transaction processing and data structure capabilities that promote intra-organizational communication. Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al.,

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

Talking Logistics

DECEMBER 4, 2017

Command Alkon organized a Leadership Roundtable with a select group of industry executives from all segments of the HBM ecosystem to discuss “The Data We Have vs. The Information We Need.” So, what are some of the data challenges the industry faces?

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

Unleashed

MARCH 9, 2021

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. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Game Changer

NOVEMBER 23, 2018

“COPQ in the supply chain cannot be eliminated completely – since no supplier is perfect calculating these metrics can help you identify opportunities for cost savings, as well as problem areas to address. But, the starting point is identifying and standardizing your definitions/KPIs of supplier quality and performance.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

EC Sourcing Group

MAY 31, 2023

Managing spending is a top priority for executive teams across industries, and purchase price variance (PPV) holds immense significance in controlling costs. As a key metric for procurement teams, PPV reflects their effectiveness in delivering cost savings to the enterprise. Schedule a demo today!

Negotiating Skills 52

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Solutions 52

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

SCMDOJO

APRIL 26, 2023

Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing. What will a Category Management plan entail?

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Taulia

JUNE 26, 2023

Stages of the supply chain A supply chain represents the flow of goods, materials, and services that underpin business operations, from sourcing raw materials to delivering finished goods. Each business has its own supply chain and is responsible for constructing and managing it to suit its unique objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52