article thumbnail

Top 5 KPIs for Purchasing Managers

Precoro

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

article thumbnail

Importance of Contract Management in Achieving Value for Money in the Procurement System

SCMDOJO

Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Sustainable procurement: Everything You Need to Know

Precoro

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.

article thumbnail

Megatrends Shaping Supply Chain Innovation

The Logistics & Supply Chain Management Society

Do you know where the manufacturing facilities of your suppliers (and their suppliers) are physically located? Which parts are manufactured at each location? Supply chain mapping is key to ongoing innovation. Then it’s about mapping the supply chain. Do you track the history and frequency of disruptions?

article thumbnail

Advanced Product Quality Planning – The 5 Phases of APQP

QAD

APQP’s focus on customer needs ensures that products are developed and manufactured to fulfill those requirements, resulting in increasing customer satisfaction, improved customer loyalty and business competitiveness. During the early ’90s, standardized guidelines were established to enhance compliance with APQP protocols.

article thumbnail

Visions of the Automotive Supply Chain Prophets

QAD

At the heart of our visions as “supply chain prophets” are 24 essential supply chain processes for improvement, developed using our over 70 years of combined automotive manufacturing, quality and supply chain expertise. Manufacturers should view the supply chain as a profit driver. Becoming Supply Chain Focused. Final Thoughts.

article thumbnail

Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

Halal risk management practices of most companies are passive, meaning it is limited to the compliance of suppliers and their own (manufacturing) operations based on the requirements of the halal certification body and their halal standard(s). On the other hand, halal risks in the entire supply chain are not on their radar screens.