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This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. Think about those design, sourcing and delivery challenges. A supply chain based so heavily on external sources is susceptible to more risk than catching a flight on time out of Newark. by Bill DuBois.
Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. by CJ Wehlage. Success, provided they monitor the 7 “elephants” in the room. Global pressure.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Download the White Paper: Over the Road Freight Management Trends. Learn More.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology? Here are some of the most important tools teams are already using.
Digital procurement streamlines workflows and unifies data, enabling faster sourcing, better collaboration, and improved accuracy. Digital procurement is the use of digital technologies to enhance, automate, and optimize procurement processes across the entire source-to-pay (S2P) lifecycle.
Running procurement and supply chain without metrics is like driving blindfolded. Decoding the Metrics: What Are They Telling You? A lower TCO indicates better value sourcing, even if the initial purchase price isn’t the absolute lowest. Make your life simpler and download now!
Increased costs due to emergency sourcing. A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. By creating greater transparency throughout food supply chains, manufacturers can identify where the wastage happens and solve the problem at the source.
Select a planning solution that can incorporate intelligent metrics and optimization technology. It should deliver a single source of truth, live KPIs and continuous optimization capabilities so that you can evaluate outcomes and quickly determine the best course of action to meet your business KPIs.
Why advanced technologies such as blockchain , AI, and the IoT get a lot of attention, but that focusing on real-life solutions to issues like labor shortage, safety, and capacity sourcing instead of wasting so much breath on disruptions that won’t take place for decades is more productive for those who work in freight.
Featured Download. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset SourceDownload ID. 2 Identify and get access to the right data sources. 3 Get the metrics right. Supplier metrics should be captured about monthly.
Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. Download Today! You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice?
Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.
Apple Inc purchases raw materials from various sources then get them shipped to an assembling plant in China. Some components are currently obtained from the single or limited sources. So this section will explain some characteristics of Apple Supply Chain through various metrics and compare them with Amazon Supply Chain.
For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.
Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Featured Download. Quality Control.
Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Phone * Company * Job Title * Zip Code * Source Asset SourceDownload ID.
Available to Promise (ATP) Available to Promise (ATP) is a real-time inventory management metric that tells you how much of a product you can promise to customers without overcommitting. Download Silvons Definitive Guide to KPIs: Concepts, Best Practices & More and start optimizing your inventory today! Why is GMROI important?
Putting them in line with raw numbers to show the direction of trends can make scanning a set of metrics and choosing a course of action much simpler. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Short Registration - Multi Part - BLOG FEATURED DOWNLOAD. Think of something as simple as the judicious use of icons.
Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. There must be a clearly defined data source with a standardized process for collecting and measuring that data. The Basics of Procurement KPIs.
On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. Download White Paper. Without a doubt, managing supply chain is nothing but easy. GET YOUR COPY HERE. The same could be said about natural disasters.
With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.
To see the what I built, check it out on SlideShare or view/download it in the SCI Community ). In the supply chain, variability and volatility come from many sources. This is the design of alternate work centers, high performance work teams, alternate plant sourcing, and quick changeovers. Defining Agility. Is it S&OP?
Download our Training Catalogs Gone are the days of one-size-fits-all training programs and static skill sets. From sourcing specialists to logistics managers, each role requires a unique skill set. For example, learners might navigate a simulated global sourcing crisis, making decisions that affect virtual supply chains in real time.
This list should include the business metrics that each procurement project impacts. Although most Procurement teams report supply chain metrics on cost savings, less than 20% measure and report on their contributions to driving revenue. You can download Gartner’s full report here. It’s critical to be vigilant.
This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Business Process Description.
ESG Sustainability Reporting As procurement’s intelligent source-to-pay and supplier collaboration platform, JAGGAER One enables customers and stakeholders to achieve their environmental, social, and governance (ESG) objectives by simplifying, automating, and embedding sustainability principles directly into our software solutions.
One arrow showed the flow of customer demand from the source to the supplier, while the other showed the flow of goods from the supplier to the customer. In model where metrics cascade and are split, the only real reference point becomes the store rather than the customer. If you’d like to learn more, please download our e-book here.
Almost seven-in-ten (68%) of organizations view suppliers as a source of differentiation, while 66% now collaborate with suppliers to increase supply chain resilience. Download the Ivalua “ Supply Continuity – A Visual Spotlight ” study. The study was conducted by Forrester Consulting in March 2022 on behalf of Ivalua.
How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones? Rather than selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.
Dashboards, reports and alerts drive employee engagement, while analytics and metrics support continuous cost and service improvements. Blue Yonder’s flexible microservices-based approach allows retailers to quickly deploy our Commerce solutions and start realizing value immediately.
Plus, there is an app I can download on my phone or tablet that will listen to a few seconds of a song and tell me the name, artist and album. With technology I can do more, my devices generate greater volumes of data, and all I need is a place to put this data from multiple sources and a simple way to retrieve it when I have a question.
You can read and download the full report at [link]. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018. Is customer experience a supply chain metric at your company? and 51.5%, respectively). and 37.2%, respectively). “To
The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is writing her third book, Leadership Matters.
Their main priority focused on controlling spending across the whole Source-to-Pay journey. Amrest sought a reliable data source to provide a market comparison between countries as well as a breakdown of the primary factors that influence payments and the outcome of the payments. As showcased in Amrest’s story, the Way You Pay Matters!
Their main priority focused on controlling spending across the whole Source-to-Pay journey. Amrest sought a reliable data source to provide a market comparison between countries as well as a breakdown of the primary factors that influence payments and the outcome of the payments. As showcased in Amrest’s story, the Way you Pay Matters!
The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”
Performance Measurement Using quantifiable data and metrics within a process audit report can help procurement professionals monitor progress, track improvements and evaluate any changes made. Sharing our insight into core procurement skills is what we do, so why not download our process audit report template to get started.
It connects what customers are willing to wait for and the often longer lead times required for sourcing, manufacturing, and distributing products. Form name: Download Form (email only) Form ID: 35 Learn more The post Reactive to Resilient: Future-Proofing Supply Chains with Intelligent Demand Planning appeared first on o9 Solutions.
Simply integrating them after the fact doesn’t create a shared source of truth. Companies that succeed tie procurement metrics to broader supply chain outcomes—such as total landed cost or overall service levels. What actually works, you might ask? One platform, one data model. KPIs need to align. Cross-functional workflows matter.
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