Remove Eliminating Excel in Purchasing Remove Examples Remove Procurement Analytics
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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

To build an outside-in model, and use new forms of analytics, we must start the discussion with the question of, “what drives value?” ” Traditional planning models optimize functional processes to improve cost and customer service. You are right. Or the use of AI to improve supply chain planning.

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Supplier Onboarding is Core to a Digital Supply Chain Transformation

Logistics Viewpoints

Molexs story is interesting because they excelled at overcoming these cultural issues. The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. The buyers dont report to Mr. Gainsford.

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Aligning Supply Chain Metrics to Improve Value

Supply Chain Shaman

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. For example, a cost improvement in one function could raise the costs in another. Error is error, but is it the most important metric?

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Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

Wikipedia In 2014, I was exploring methods to publish what is now the Supply Chains To Admire report. The use of orbit charts allowed me to see the patterns of performance at the intersection of metrics over time. We purchase data from Y charts. (A We have archived corporate reporting from Y charts for 1982-2023.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

The Science of Demand Planning: Improving Forecast Accuracy Consider this example: A traditional forecasting system analyzing tire sales might observe 12 units sold annually and determine an average monthly demand of one tire. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

Supply chain excellence is easier to say than to explain. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) The reason?