Remove Eliminating Excel in Purchasing Remove How To Remove Metrics
article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right. The reason?

article thumbnail

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. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. What Drives Value?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months. ML excels in these scenarios, quickly identifying and adapting to intricate seasonal patterns and trends that traditional statistical methods miss entirely.

article thumbnail

Step Past AI Hype Drive Real Value

Supply Chain Shaman

Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. How to do this? How do you drive value? At the session, we will discuss the choice of metrics for a balanced scorecard to improve market capitalization/employee by industry. Come prepared to engage and push past the hype.

article thumbnail

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.

article thumbnail

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Sound ridiculous? There can be multiple reasons.

article thumbnail

Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

” Followed by “How are you organized, and what defines functional excellence? And, how do you tie functional excellence to corporate value?” Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. Functional Metrics.