ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. They add that best practice can also include accountability for stakeholder inputs, recognizing sources of error, and measuring performance.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Jaggaer

MARCH 19, 2025

metric tons per person and in the European Union 5.66 metric tons per person. metric tons. Lets now break that down into the various stages in the traditional upstream source-to-contract (S2C) processes. And it is those of us in the richer countries (i.e., By comparison, in India the figure is just 2.5

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Price Reduction Sourcing Strategies 52

ivalua

NOVEMBER 25, 2020

This list should include the business metrics that each procurement project impacts. Although most Procurement teams report supply chain metrics on cost savings, less than 20% measure and report on their contributions to driving revenue. In the report, Gartner provides a helpful example of what a value map could look like.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

Supply Chain Shaman

OCTOBER 6, 2013

It senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time latency to align sell, deliver, make and sourcing functions. When this happens, there is greater balance between metric trade-offs and resiliency in year-over-year improvements in corporate performance.

Supply Chain Network Software 225

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 225

Kinaxis

NOVEMBER 25, 2016

Data will need to be threaded together from new sources like the Internet of Things (IoT) and social media, allowing new insights to be formed and acted upon. Competing metrics need to be visible and actionable insights easily accessible. This next leap in planning, the fourth generation, SCP 4.0, means new operating models.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Optimal Sourcing 100

Precoro

JUNE 3, 2025

Therefore, traditional sourcing is often reactive: a procurement manager reviews a purchase request , finds a supplier, negotiates terms, and moves on. Then, create and carry out a specific category strategy through sourcing and contract management. Procurement should act as a translator between business needs and sourcing options.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Supply Chain Matters

MARCH 14, 2025

percentage points in inventory levels which were the fastest rate of expansion for this metric since June 2022. From our lens, they further reflect that at this point in time businesses and their supply chain management teams are exercising near-term tactical strategies. The reported overall value of 62.8

Inventory Reduction 52

Inventory Reduction Inventory Report Price Reduction 52

Silvon Software

JANUARY 25, 2018

For these companies and others with multiple operating units, achieving a single view of the customer across channels can be a massive (and often futile) exercise. Take A Customer-Focused Approach To Metrics. In addition, you may also want to consider how your performance metrics and models are designed.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Design Data Supply Chain 83

o9 Solutions

JUNE 11, 2025

Not as a forecasting exercise, but as a foundation for enterprise-wide agility. It connects what customers are willing to wait for and the often longer lead times required for sourcing, manufacturing, and distributing products. No longer a back-office function, it’s becoming the heartbeat of truly integrated decision-making.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 52

Jaggaer

MAY 21, 2025

These include drawing up policies, actions, targets, anticipated financial effects, metrics and risk assessment. EUDR first comes into force on 30 December 2025 for large and medium companies and on 30 June 2026 for micro and small enterprises, requiring companies to demonstrate deforestation-free sourcing for their products.

Procurement Analytics 52

Procurement Analytics Material Savings Sustainability Waste Reduction 52

QAD

AUGUST 26, 2021

Means Manufacturing in Transition”, QAD’s Glenn Graney, director for the Industrial and High Tech markets, reflects on artificial intelligence: “Artificial Intelligence (AI) is already transitioning from an academic exercise to an impactful business proposition. In his white paper , “ No Matter What You Call It: Industry 4.0 Data Readiness.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

QAD

MAY 22, 2025

Having said that, you should also consider developing alternative sourcing strategies. In addition, you need to periodically repeat this exercise. You have the choice to source the same goods from a supplier in China or one in the UK. Ideally, these relationships should be beneficial for both parties.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

Material Handling & Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Jaggaer

MAY 8, 2025

Finance became more powerful with the evolution of the global supply chain, but they tend to lack the knowledge needed to exercise this power. If you have adopted a logistics sourcing strategy based on lowest cost, you will in all probability be one of the worst affected by the bullwhip effect when things get tight.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Obtain the necessary signatures to finalize the contract.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Enterra Insights

JULY 16, 2018

”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. If you are an upstream supplier or a downstream retailer, different metrics must also be considered. Having a risk management plan in place and exercising it are essential.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 100

RFgen

MARCH 10, 2025

Mitigating Coordination Issues To combat these challenges, businesses must: Adopt a Shared Responsibility Model: Instead of shifting compliance burdens down the chain, firms should ensure direct engagement with lower-tier suppliers, improving transparency and ethical sourcing.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

Supply Chain Opz

AUGUST 2, 2018

While on the surface it is true to say that in most organizations inventory is a highly visible dimension of Supply Chain performance impacting company accounts and a key reportable metric of business performance. This involves getting the buy in and validation of planners who need to own the operational delivery.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Talking Logistics

APRIL 27, 2016

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Improve lead times and performance. Identify shortage and quality problems along the supply chain.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 100

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives. Procurement and Purchasing Cycle Lesson 7.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Supply Chain Collaborator

AUGUST 13, 2015

American Shipper advises transportation managers to: 1) Work towards achieving visibility across all modes with an emphasis on the application of metrics to reinforce the value of visibility to all stakeholders in the organization. Sure, cost is a valuable metric for gauging success.

Transportation Management 60

Transportation Management Logistics Network Optimization Software Optimal Sourcing Network Design Software 60

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

Logistics Bureau

FEBRUARY 28, 2019

In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.

Supply Chain Strategy 75

Supply Chain Strategy KPI Supply Chain Planning Supply Chain Software 75

Supply Chain Game Changer

MAY 18, 2021

This must include the active management of highly visible metrics and measures associated with nature impacts in most industries. This governance should be exercised by all stakeholders for any organization, including government level representation. Supply Chain leaders must be at the epicentre of this change.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Software 85

BlueYonder

OCTOBER 13, 2022

CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share. It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases.

Sourcing Strategies 98

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 98

Unleashed

FEBRUARY 28, 2021

Any expanding business is today likely to receive sales orders from a range of sources, from over the phone, to email, via a presence on online platforms such as Shopify or Amazon, via channel partnerships and from salespeople on the road. Problems that cloud-based supply chain management software solves. Manufacturing complexity.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Analytics Software 98

DynaSys

JUNE 16, 2021

The biggest challenge in any scenario planning exercise is access to accurate data. This is especially true for unforeseen events where it may take some time to source and validate the appropriate data. Stakeholders must agree on the list of metrics that will be used to compare scenarios. The planning.

Scenario Planning 52

Scenario Planning Supply Chain Planning Software Supply Chain Planning Comparison 52

NC State SCRC

FEBRUARY 13, 2021

The index will rely on existing data that illustrate factory conditions, producing a simple and objective indicator, allowing consumers to exercise informed ethical buying behavior in the apparel market. The EAI will provide a third-party metric to generate marketing media (e.g., 1] [link]. [2] 2] Templeton, J.

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

Proxima

MAY 15, 2020

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. It’s not a one-off exercise. Pre-crisis we ran some research with Finance Leaders in the US and UK. There are many competing forces coming out of the pandemic.

Supply Chain Design Software 94

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Sustainability 94

NC State SCRC

JANUARY 16, 2024

Dan Finkenstadt used his Chat GPT programs to analyze the NDIS and compare it to the recommendations developed in our book, Supply Chain Immunity: Overcoming our Nation’s Sourcing Sickness in a Post-Covid World. There is also little consideration of what it takes to truly establish domestic sourcing capabilities.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

BlueYonder

MARCH 22, 2017

The fact is omni-channel digitization is a far more profound exercise, which needs careful understanding of all the areas affected by any change in one area. The important element is to exhaustively identify metrics which need to be tracked by the testing teams and help in continuous learning process. Crawl – Walk – Run.

Supply Chain Planning Software 71

Supply Chain Planning Software Modeling Supply Chain Design Software Procurement Analytics 71

Supply Chain Game Changer

JANUARY 12, 2021

Source: bestbusinesscircle.com. There are many different reasons why people commit fraud or perpetrate scams. The most common conceptualization of these reasons has been captured in the Fraud Triangle theory, created by Donald Cressey.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 75

Logistics Bureau

JULY 18, 2022

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. Other sources that can reveal details about your competitors’ supply chains. Probably not.

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Vendor Strategies 98

Supply Chain Trend

OCTOBER 31, 2016

During this exercise I was hand-picked to develop and lead the Demand Planning Team for the largest of the two operating divisions. Also, building in S&OP process metrics, not just business operating metrics is critical to success. Jim: This is a classic process, system, people, metrics opportunity/challenge.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 60