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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation.

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Better ESG Performance Will Unlock Fashion’s Supply Chain Resilience in 2022

Logility

Reporting will need to reveal such information as total volume of material produced, carbon emissions, water consumption and pollution, chemical usage, storage, and disposal practices, median wages, and measures for responsible company conduct embedded in policies and management systems. Supplier collaboration.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

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What Is PPV? Purchase Price Variance Explained

Precoro

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. Decrease of bargaining power can also result in unfavorable PPV.

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Why You Should Conduct Internal Quality Audits

Arena Solutions

External audits can be nerve-wracking with key personnel and teams running from pillar to post searching for records or documents, especially if you don’t have a quality management system (QMS) software solution in place. Christine said, “I have used internal audits as the baseline to improve our overall business metrics.

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Supply Chain Department – A Typical Structure

SCMDOJO

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Oversees the procurement process, ensuring efficient ordering, timely deliveries, and adherence to company policies.

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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

In April 2021, food giant Hershey Food announced its “ No Deforestation Policy ” to end deforestation across its supply chain by 2030. A 2021 Deloitte study documented how 43% of UK consumers selected brands based on environmentally sustainable values. Consumer Buying Trends. A similar study in the U.S.