EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

QAD

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs. So, we can not truly say that the sourcing process begins with supplier management.

Supplier Management 93

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 93

QAD

FEBRUARY 7, 2023

Run and Maintain the Strategy Both the performance of the supplier and the performance of the strategy around maintaining that supplier relationship must continuously be evaluated so any changes can be made in real time. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

Talking Logistics

DECEMBER 4, 2017

Having more timely, accurate, and complete data — and converting it into actionable intelligence — will not only lead to cost reductions and increased asset utilization, but also improvements in customer service and satisfaction, the top metric cited by the respondents. Why the increased attention and demand?

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

ThroughPut

FEBRUARY 23, 2024

AI for supplier relationship assessment. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights. AI algorithms evaluate supplier performances and analyze compliance with risk factors that help you manage supplier relationships effectively.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Game Changer

NOVEMBER 12, 2018

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership. How many functions in your company conduct themselves like they are islands?

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 43

Supply Chain Game Changer

NOVEMBER 13, 2018

Though the phrase partnership is often used, what really constitutes a strategic supplier partnership? In a previous article about supplier management , I suggested that the more a supplier tells you that they are strategic, the less they really are. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64