crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. Establish a set of KPIs and set performance targets to measure your progress. .

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

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. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

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

Supply Chain Game Changer

SEPTEMBER 30, 2020

Some procurement professionals can quickly identify their key, or champion, supplier partners. Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Order our EBOOK HERE.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

Supply Chain Opz

MAY 28, 2013

As you may notice, supply chain maturity model is like "KPI" but its expressed qualitatively and you have to use it strategically. 2) Procurement Maturity Model. There are lots and lots of procurement professionals who cant really break away from "buy cheapest things" mindset. 3) NPD Maturity Model. NPD Maturity Model.

Modeling 113

Modeling Modeling Software Agile and Lean Supply Chain Supply Chain Software 113

SupplyShift

JUNE 17, 2021

Source: sasb.org SASB’s at-a-glance view of priority ESG issues is comprised of five sustainability dimensions: Environment, Leadership and Governance, Business Model and Innovation, Social Capital, and Human Capital. They must also follow hard deadlines and KPI targets. Are executives aligned to adequately support ESG?

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

SASB’s at-a-glance view of priority ESG issues is comprised of five sustainability dimensions: Environment, Leadership and Governance, Business Model and Innovation, Social Capital, and Human Capital. Relative goals , which compare the KPI to a unit of output—for example, reducing Scope 1 GHG emissions per unit of company sales 25% by 2025.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. A pull system is better than a push system. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

EcoVadis

JULY 28, 2010

1) Why is Sustainable Procurement important for GRUPPO MONTEPASCHI? Sustainable Procurement is one of the significant engagements GRUPPO MONTEPASCHI has in CSR policies. For GRUPPO MONTEPASCHI, Sustainable Procurement is important because we are aware of the impact we can have by changing the way we procure goods and services.

Optimal Sourcing 40

Optimal Sourcing Procurement Analytics Procurement Solutions Sustainability 40

Material Handling & Logistics

DECEMBER 14, 2018

Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. Algorithms can help supply chain professionals and their colleagues in other departments identify new opportunities to improve efficiency and innovate processes.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. They can also contribute to the innovation and efficiency of supply chain processes.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

EcoVadis

FEBRUARY 28, 2016

Supply chains become ever more complex and global, while at the same time the spotlight on transparency and innovation around Corporate Social Responsibility (CSR) is shifting to the supply chain. Note: This blog was originally posted on. Avnet’s Supply Chain Navigator , February 2016.

Procurement Solutions 40

Procurement Solutions Supply Chain Network Software Demand Planning Software Logistics Network Optimization Software 40

SCMDOJO

MAY 13, 2022

Supply Chain KPI Dashboard. Digital transformation through the adoption of AI innovations has been necessary to ensure meeting the overall upward trend in both demand and expenses in the supply chain. The extreme need to traverse these nuances has propelled logistics companies to develop new solutions and expand services.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Design 83

EcoVadis

APRIL 17, 2015

If you are in procurement, the next question you might ask is: “How do these prices affect a company’s supply chain?” Investing now and over time to understand corporate supply chain emissions can achieve supply chain savings, security, and foster innovation for prepared companies. Authors: Sheng Ou Yong and Mike Schwartz.

Price Reduction 40

Price Reduction Cost Reduction Strategies Material Savings Manufacturing Procurement 40

Silvon Software

APRIL 11, 2024

Fostering Innovation and Competitive Advantage Finally, a strategic implementation of data analytics can be a key driver of innovation, enabling businesses to identify and capitalize on unique opportunities. KPIs serve as the navigational beacons guiding a business toward its strategic goals.

Predictive Analytics 92

Predictive Analytics Analytics Software Analytics Sourcing Strategies 92

HICX Solutions

SEPTEMBER 13, 2019

When we apply this to the context of procurement the biggest mistake, we see being made, is not challenging the existing thinking of what Procurement has done for the last 20 years. Why does Procurement need to be involved in the P2P process? Why is there a Procurement function – isn’t it just a process?

Optimal Sourcing 40

Optimal Sourcing Procurement KPI Modeling Software 40

DELMIA Quintiq

SEPTEMBER 16, 2021

It typically provides a crucial planning function: fine-tuning supply and demand data and forecasts to deliver accurate and timely production plans, throughout the entire production supply chain, that help manufacturers achieve their production objectives and minimize procurement costs [1]. Brian Tracy, Author and Public Speaker.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Movement

MAY 19, 2016

Nokia’s 150-year history is one of reinvention; recently it has been changing and innovating almost as fast as the telecommunications industry itself. As senior vice president operations, I am the business owner of all operations from demand planning to execution, procurement to manufacturing. What is your responsibility? “As

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

Logistics Bureau

OCTOBER 19, 2020

It can stimulate healthy internal competition, which in turn helps to promote and develop a more innovative business culture. It encourages business units/functional teams to communicate, collaborate, and share ideas.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

Requis

JANUARY 9, 2020

It’s no secret that B to C organizations are the leaders in supply chain innovation, and B to B is playing catch up. Digital twins promise more accurate and effective KPI reporting and have the potential to dramatically alter how businesses plan and adapt to change. Digital twins.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 52

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Gamification - An EAM perspective | Main | Whats your KPI? Also, cloud is just not about the cheaper cost, it is also about agility, innovation, access to latest technology, on-demand service and scalability.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. The shippers are expecting to wait a long time anyway.

Logistics Network Optimization Software 275

Logistics Network Optimization Software Negotiating Skills Optimization Software Buyer Training 275

Logistics Bureau

NOVEMBER 27, 2016

While I’m a firm believer that innovation, not emulation, is the way forward for any company wishing to differentiate through its supply chain, I also believe that reinventing the wheel is something to be avoided if possible. Innovation. The Sustainability Drive. Health and safety. Outcomes First.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

GlobalTranz

MAY 7, 2018

Cross-departmental education about transportation spend and regular KPI tracking is essential if trying to influence positive behavior changes between teams. Starting his career in carrier procurement and management within a Fortune 100 logistics company, Lynch has held positions of responsibility in all areas of third party logistics.

Capacity 120

Capacity Optimal Sourcing Vendor Strategies Price Reduction 120

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? So… What’s your Procurement’s North Star? Subscribe Here!

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

EazyStock

MARCH 26, 2018

Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits!” EazyStock is made for small- and medium-sized companies, and the KPI dashboards cover everything you need to track on both product and group levels. ” [1].

Inventory Management Software 72

Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 72

Synovos

MARCH 11, 2024

“I don’t think they had the infrastructure to manage MRO themselves,” says James Kimmel, a US-based site operations manager for the global provider of outsourced storeroom management and procurement services. Such developments, as well as changes in consumer preferences, are driving product innovation.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

QAD

OCTOBER 5, 2021

As organizations seek to boost business responsiveness and flexibility to address disruption, this latest release progresses our customers’ ability to advance the business intelligence, innovation and business agility required by today’s manufacturers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 97

EcoVadis

FEBRUARY 9, 2018

Today, the customers that have been with us the longest have reached a maturity level where sustainable procurement is ingrained in their strategy, processes and people – and is responsible for protecting and improving brand reputation, driving revenue and mitigating risk. Platform Innovation and Customer Empowerment.

Supply Chain Network Software 40

Supply Chain Network Software Modeling Software Buyer Training Manufacturing Procurement 40

Supply Chain Trend

DECEMBER 13, 2016

The S&OP Pulse Check 2015 suggests S&OP practitioners are left behind in confusion: 62% of respondents think there is not enough innovation in S&OP systems. 64% think there is not enough coordinated innovation in S&OP processes. 68% think behaviours are not addressed enough in S&OP implementations.

S&OP 60

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

ToolsGroup

JULY 6, 2023

ToolsGroup has a long history of innovating with our customers in mind. The Top Supply Chain Projects (formerly known as SDCE 100) spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Logistics Bureau

MAY 24, 2019

Procurement analysis. Of course, the technology was merely an enabler, and to transform its supply chain operation, Avaya embarked on a long-term, phased program to standardize processes, initiate a culture change, invest in top talent, and implement a system of rigorous benchmarking and KPI tracking. Supplier communication.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54