Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

Supply Chain Shaman

SEPTEMBER 28, 2022

Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. In this volatile world, efficient procurement led by a CFO is not the answer. Business continuity is the overarching issue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Movement

AUGUST 31, 2016

eWorld Procurement & Supply. Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives.

Procurement 60

Procurement Internet of things Supply Chain Software Supply Chain Network Software 60

Supply Chain Movement

FEBRUARY 2, 2016

eWorld Procurement & Supply. Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement.

Procurement 60

Procurement Internet of things Supply Chain Software Risk Management 60

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Organization: Revolution Events. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Procurement Internet of things 60

Procurement Academy

OCTOBER 25, 2021

This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility? Choices, choices, choices.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logility

AUGUST 25, 2020

Each of these events was completely devastating to the company concerned. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. SCOR Level 1 Metrics are good examples of measures that have longer-ranging focus. The common thread? SCOR Attribute.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. The event is designed for extreme networking.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Logility

AUGUST 15, 2023

It offers unparalleled visibility, traceability, and disclosure – the true essence of each product’s journey from origin to delivery,” says Vethuizen at this year’s inNOWvate Supply Chain Event. The platform’s ability to aggregate these metrics into a cohesive sustainability score offers a nuanced evaluation of supplier practices.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. From interviews, I believe that it was a combination of leadership and metrics alignment. The result?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

GlobalTranz

OCTOBER 6, 2021

Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logistics Viewpoints

JUNE 1, 2021

During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

EC Sourcing Group

JULY 26, 2022

Analytic techniques include data mining, eSourcing software , semantic analysis, complex event processing, predictive modeling, and other business data examinations. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

Logistics Bureau

APRIL 4, 2022

The benefit of this is that you’ll be in a more proactive state when unforeseen events or crises arise with minimal warning. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. That’s the first question to ask.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

QAD

MARCH 9, 2023

That means looking at the right metrics. Build an end-to-end supply chain model inclusive of procurement, production, distribution, and sales activities to pinpoint exactly where cost increases are coming from. Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

Supply Chain Shaman

OCTOBER 8, 2019

No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Inventory Map.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

BlueYonder

JANUARY 3, 2023

Instead, we must build more resilient supply chains that are capable of sensing, and autonomously responding to, disruptive events at the earliest possible opportunity. Sieber and the other executives interviewed by Reuters Events revealed three keys to increasing supply chain resilience. It All Begins with Visibility.

Supply Chain Planning Software 92

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 92

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period. today’s freight market, OTR freight services?enable?continued

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Movement

JUNE 29, 2015

Organization: Revolution Events. The first UK conference to present an holistic view of sustainable procurement and the role of the supply chain in more responsible business and government. Morning (10am-1pm): What’s New in Sustainable Procurement? The Latest Thinking on Metrics, Reporting & Compliance.

Procurement Analytics 60

Procurement Analytics Sustainability Conference Supply Chain Strategy 60

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. Join the live event and let us know your thoughts. I was wrong.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

ShipBob

APRIL 26, 2023

How the upstream supply chain has been affected in the 2020s Global events over the past few years have greatly impacted the upstream supply chain. Even as the pandemic eased down and the global supply chain started to pick back up, other events such as the war in Ukraine began to cause other types of issues.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

ivalua

FEBRUARY 24, 2021

Product quality improves and the supply chain is more likely to keep humming along, despite disruptions caused by global or political events — which seem to be common these days. In some organizations, this task belongs to Procurement, and in others the responsibility lies with the AP team. Inquiry about payment status?

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

Proxima

JANUARY 5, 2021

Today’s supply chain and procurement leaders are facing a monumental task: how to create a resilient, ambitious, and innovative organizations while transitioning to a new year, and balancing the lasting impact that this pandemic has brought upon them. Put those metrics into motion to make improvements based on solid knowledge.

Expense Reduction 52

Expense Reduction Price Reduction Modeling Optimal Sourcing 52

Unleashed

AUGUST 20, 2023

Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps. Here are a few of the most useful ones. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

NC State SCRC

FEBRUARY 11, 2016

I spent some time working with IBM this past month on a slide share that covers 6 key questions on the minds of many of the Chief Procurement Officers I’ve spoken to in the last year. As a result, procurement is often brought in at the last minute. If only procurement could get to this! Think of a dashboard of a vehicle.

Procurement 40

Procurement KPI Analytics Software Analytics 40