Remove Eliminating Excel in Purchasing Remove KPI Remove Sourcing
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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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Essential Supply Chain KPIs to Track for Enhanced Decision Making

SCMDOJO

Identify Bottlenecks & Opportunities: Quickly spot areas that are underperforming and need attention or areas where you’re excelling. Control Costs: Track value beyond just the purchase price and manage inventory effectively. Do you rely on a single source for critical items? Our course breaks down TCO/TCS.

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6 KPIs That Influence Inventory Optimization

Silvon Software

This KPI is especially valuable in retail, eCommerce, and B2B distribution. This KPI is super important because it directly shows how efficiently a company manages its stock, particularly when highlighted alongside Average Time to Sell and Days On-Hand as shown in the screenshot above. Why is Average Time to Sell important?

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The Role of Centers of Excellence in Supply Chain Transformation

NC State SCRC

The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.

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5 Reasons why eAuctions Drive Better Savings

SCMDOJO

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. eAuctions technology can reduce the cost of purchasing products and services by up to 20%. Introduction to Strategic Sourcing. . Macfarlane, 2017).

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MCIPS vs SCMDOJO Procurement Track

SCMDOJO

SCMDOJO Procurement Track The Procurement Track is a comprehensive program that equips individuals with the in-demand skills and expertise to excel in procurement and supply chain management. Moreover, this is an excellent option for those looking to develop a long-term career in procurement and aspire to leadership positions.

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Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads. Balancing consumer preferences for locally sourced products with logistical efficiency is crucial.