Remove Electronics Remove Metrics Remove Procurement Remove Supply Chain Software
article thumbnail

6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.

article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the procurement role should evolve in the new supply chain

SYSPRO Smarter ERP

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.

article thumbnail

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Supply chain management technology has a fault line. The technology market for supply chain management is dramatically shifting. There are five fundamental shifts: Redefinition of Decision Support Software. This transfer of ownership reduced the effectiveness of procurement. Seismic shifts.

article thumbnail

Setting KPIs for your procurement department

Taulia

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. So which procurement metrics and KPIs should you measure?

article thumbnail

What is Order Processing? How it Works & Key Methods

Unleashed

This entire process can be managed manually, which can be time-consuming and inaccurate, or with order processing software , which helps minimise errors and improve customer satisfaction. Order processing can be done manually or as an optimised workflow using cloud-based digital tools.

article thumbnail

Two Key KPIs to Measure Your Invoice Automation Program

Taulia

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. For many companies, the processes involved in paying suppliers are highly manual and inefficient – so there are plenty of opportunities to automate these processes.