Cerasis

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. 10 Soft Metric Considerations in Measuring Supply Chain Performance. However, these technologies are poised to give benefits throughout the industry in several other ways as well. Risk Management methods : Supply chain risk management and resiliency are hot-button topics in the industry.

Metrics 191

Metrics Supply Chain Performance Supply Chain KPI 191

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries.

Metrics 59

Metrics Sustainability Benchmarking Procurement 59

ProcurePort

SEPTEMBER 23, 2020

No matter the business, and no matter the industry, money is what keeps the gears grinding and the wheels turning. The post MRO Spend Metrics Procurement Needs to Focus On appeared first on ProcurePort Blog.

Metrics 65

Metrics Procurement Company Industrial 65

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Launched in 2014 and brought to you by the eWorld Procurement & Supply team, The Procurement Summit will provide senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. The Procurement Summit will provide: Educational seminars on the latest industry issues.

Procurement 60

Procurement Internet of things Case Study Education 60

Supply Chain Shaman

DECEMBER 28, 2020

Orbit Chart for Henkel versus Consumer Non-Durable Industry for the Period of 2010-2019. Pre-pandemic performance across industries was worse than the performance pre-recession. ” I grow weary of industry doubletalk and over-used superlatives.

Metrics 239

Metrics Forecasting Apparel DC 239

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The impact of the elongation of payables on receivables varies by industry, but on average across the industries increased eighteen days when comparing the past five years to the pre-recession years. It is worse in some industries. Days of Receivables by Industry. Days of Inventory by Industry.

Inventory 227

Inventory Metrics Chemicals How To 227

Supply Chain Shaman

FEBRUARY 11, 2014

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The Supply Chain Index will have a numeric rating of all public companies by industry sector for these three factors. My journey of sharing these insights with clients has culminated in the writing of my second manuscript, Metrics that Matter. How do you balance metrics ? .

Metrics 273

Metrics Arizona North America Supply Chain 273

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing

Procurement 55

Procurement Policies Survey Metrics 55

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. Promoting local collaboration and innovation throughout your supply chain and the UK as a whole can help kick-start your cash flows and benefit the economy and broader industry ecosystem. The post Sustainable procurement: a platform to rebuild appeared first on Proxima

Sustainability 48

Sustainability Procurement Innovation Exercises 48

Supply Chain View from the Field

NOVEMBER 6, 2015

The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM. I emphasied to Alex that I had seen a similar trend – that purchasing executives seek to drive procurement value transformation, many find themselves struggling to make progress in these three areas of change.

Analytics 65

Analytics Innovation Procurement Data 65

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Burton predicts a further evolution of what we are seeing already in the market—Chief Procurement Officer’s (CPO) roles are changing rapidly. We are not your father’s traditional Procure-to-Pay solution.

Procurement 109

Procurement Brazil Currency United States 109

Supply Chain View from the Field

SEPTEMBER 24, 2015

An example of a metric captured in the form several key measures of commitment towards supplier diversity. I conducted benchmarking across a subsample of firms in the utility industry, to identify how supplier diversity is captured for this report. First, a Community metric identifies the percent of spend that goes to diverse suppliers, while the Financial metric assesses the volume of spend (in absolute dollars) diverse supplier contracts.

Procurement 69

Procurement Metrics Benchmarking Survey 69

ivalua

AUGUST 14, 2019

Much has been made in 2019 about the gap between the findings of procurement self-assessments and where each organization stands when they are evaluated against their peers using objective measures. Just as procurement’s impact on the organization is quantitatively captured using metrics such as savings and spend under management, the maturity and digital readiness of the function can be objectively tracked and benchmarked (check out Forresters Digital Procurement Maturity Assessment ).

Procurement 145

Procurement Metrics Benchmarking Report 145

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. 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.

Supply Chain 168

Supply Chain Tennessee North America Metrics 168

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

KPI 40

KPI Procurement Benchmarking Guidelines 40

Claritum

NOVEMBER 28, 2016

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Procurement 44

Procurement Sourcing Survey Report 44

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on. In addition, it will require simple, holistic metrics that capture all areas of business risk for contract factories, and which encompass both current and future risks.

Procurement 76

Procurement Bangladesh Georgia Metrics 76

Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. “The space occupied by procurement is not well understood by the CEO or the CFO in most companies, and in many cases is not well understood by the CPO themselves! Marketing and IT see this to some extent, but not like procurement.

Procurement 65

Procurement Exercises Metrics Supply Chain Execution 65

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. Subscribe Here!

eBook 56

eBook Training Metrics Forecasting 56

IQMS

JULY 11, 2019

McKinsey also found that AI-enhanced predictive maintenance of industrial equipment will generate a 10% reduction in annual maintenance costs, up to a 20% downtime reduction and 25% reduction in inspection costs. Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52

Manufacturing 43

Manufacturing Germany Analytics Sourcing 43

Supply Chain Brain

JUNE 4, 2018

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

Freight 40

Freight System Industrial Industry 40

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. MUFG Union Bank Strategic Performance Metrics.

North Carolina 40

North Carolina Metrics Sourcing Analytics 40

CH Robinson Transportfolio

JULY 28, 2020

Even as doors start to reopen, it’s still unclear what the future holds for the restaurant industry. Today, many in the restaurant industry take advantage of outsourcing to lower resource costs, increase efficiency, and gain greater expertise.

Metrics 48

Metrics Supply Chain Resources Logistics 48

Supply Chain Brain

JANUARY 22, 2018

I would say that there’s a greater awareness in the education industry of the need for I.T. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest NewsThe need for tech expertise is greater than it has ever been — and growing.

Training 40

Training Company Course Study 40

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Metrics.

Metrics 158

Metrics Lean SCM Supply Chain 158

Supply Chain Movement

MAY 28, 2015

Over the past 30 years, the publicly listed company has grown into the most important producer of steppers and scanners for the semiconductor industry. His task – together with his colleagues from procurement, production and logistics – is to simplify the global supply chain while acknowledging that consumers are often very emotionally attached to a particular beer brand. Contents Supply Chain Movement 17 – 2015 Q2. Publishing date: 15 May 2015. 7 | News & Background.

S&OP 76

S&OP Europe Supply Chain Turkey 76

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! In the world of Procurement and Operations one of the phrases that you will frequently come across is “MRO” But many people throw around the term without truly understanding what it means, and how important it truly is for the ongoing, and successful, operation of any company. First and foremost you need to have a dedicated, experienced Procurement person, or people, in charge of MRO. Subscribe Here!

Chemicals 50

Chemicals Metrics Tools Sourcing 50

Talking Logistics

MAY 8, 2013

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.

Bangladesh 212

Bangladesh California Supply Chain Belarus 212

Supply Chain Game Changer

FEBRUARY 25, 2020

Regardless of what industry your company is in you are dependent on suppliers to operate your company. He spent his entire career in Purchasing and Procurement. The scorecard included most of the standard metrics: on time delivery, quality, cost competitiveness, terms and conditions, etc. The scorecard format, metrics, and objectives were shared openly with suppliers. supplierrelationshipmanagement #procurement #purchasing. Subscribe Here! Email Address.

Metrics 67

Metrics Quality Security Meeting 67

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made).

Sustainability 52

Sustainability Procurement Metrics How To 52

Supply Chain Game Changer

NOVEMBER 28, 2018

But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential. In relation to collaborative supplier innovation, it is important that procurement and sourcing teams remember that the supplier is an equal party/partner in the collaboration. innovation #supplychainmanagement #procurement #purchasing.

Innovation 59

Innovation How To Government Strategy 59

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Now the role of Supply Chain is certainly different from one industry to the next. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The exponential growth of E-Commerce, the Internet of Things (IoT), Industry 4.0 Subscribe Here! Email Address.

Benchmarking 76

Benchmarking Internet of things Comparison Reverse Logistics 76

Supply Chain View from the Field

MAY 10, 2015

In this paper, my coauthors and I explored some of the key ingredients that make up the “secret sauce” for successful vs. unsuccessful complex projects in the oil and gas industry. Some of the important points that came out of the meeting included the following: RIGHT METRICS: In general, the right metrics include not just dollar measures of dollars spent, but true measures of Earned Value that involves measures of value that are meaningful to project stakeholders.

North Dakota 60

North Dakota Pennsylvania Ohio Metrics 60

NC State SCRC

JULY 23, 2017

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. Here are some of the areas where procurement has the opportunity to make an impact. This metric assesses the responsiveness of supply chains to convert purchases into paid for customer requirements.

SCM 57

SCM Metrics Supply Chain Inventory 57

Supply Chain Game Changer

JUNE 2, 2020

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. Here is our interview with a true Global Industry leader, Joe Carson: Tell our readers a little about your background and experience? As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. leadershipadvice #procurement #supplychainmanagement.

Strategy 47

Strategy Georgia Metrics Analytics 47