EC Sourcing Metrics Supplier Management 
EC Sourcing Group
OCTOBER 19, 2021
However, strategic sourcing would want to take a look at the overall picture, if using this supplier would be beneficial down the road, and other metrics as they would pertain to the company or category strategy. The Importance of Strategic Sourcing: What Are the Benefits? Contract management tools. eRFx tools.
EC Sourcing Group
MAY 17, 2023
Effective Supplier Management: Accurate spend classification is pivotal in managing suppliers efficiently. By categorizing suppliers based on their capabilities, expertise, and performance metrics, organizations can make informed decisions regarding supplier selection, evaluation, and relationship management.
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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.
EC Sourcing Group
SEPTEMBER 6, 2022
View sustainability reports for preferred suppliers and identify areas for improvement. Share supplier-specific information and requirements with your suppliers to get updates on the metrics they use to measure their own sustainability performance.
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.
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