3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

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.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement. Getting to Grips with Cloud-Based Procurement.

How to Create Collaborative Innovation with Suppliers!

Supply Chain Game Changer

The complexity of global supply chains – especially in organizations like GM – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation. Supplier bases are a great source of potential innovation. Subscribe Here!

eWorld Procurement & Supply September 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

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.

The procurement Summit 2016

Supply Chain Movement

The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors.

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

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.

Achieving Best-in-Class Procurement

ivalua

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. .

7 Tips: A Guide to Mastering Procurement

Material Handling & Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Master Innovation.

Procurement Fact File

Claritum

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. Procurement. Outsourcing of non-core procurement activities.

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

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.

Lessons from Leaders: Tools and Tactics that Drive Sustainable Procurement ROI

EcoVadis

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . Looking for a quick and easy way to determine how mature your procurement organization is?

Tools 56

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

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

Patrick Hopkins at Coupa: Coca Cola’s four truths of procurement to pay in action

Supply Chain View from the Field

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Coke Consolidated has come up with many innovations since then, including the introduction of Cherry Coke.

SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

NC State SCRC

Data for two of the categories used in the ranking – Innovation and Social Responsibility – are based on processes developed by Handfield and Huang. In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management.

How to Overcome the 5 Common Hurdles that Limit Sustainable Procurement ROI

EcoVadis

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Despite the growing awareness and commitment to sustainability in the supply chain, our 2019 Sustainable Procurement Barometer uncovered common challenges that limit company success and business value, including: Tracking supplier performance (cited as an issue for 39 percent of procurement organizations).

Manufacturing Gains From Machine Learning

IQMS

Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Honeywell is integrating AI and machine-learning algorithms into procurement, strategic sourcing and cost management.

How Sustainable Procurement is Evolving: Trends From the 2019 Barometer Study

EcoVadis

The 2019 Sustainable Procurement Barometer is here, with some key insights on the current state of sustainable procurement and trends for how organizations around the globe are tackling sustainability in their supply chains. This year marked a significant difference in the types of organizations who participated, uncovering interesting distinctions between organizations with mature sustainable procurement programs and those perhaps at the start of their journey.

Study 40

CAPS Procurement Analytics Study Highlighted in Inside Supply Management

NC State SCRC

This month’s Inside Supply Management published by the Institute for Supply Management features an article announcing the launch of a study being undertaken by the Center for Advanced Purchasing on the evolution of procurement analytics. innovation, strategic cost management, risk mitigation, etc.). Examples include mapping product and service genomes, “block chains”, embedded procurement solutions, elimination of purchase orders, buyer assistance, and other solutions).

6 Questions on the Minds of Every Chief Procurement Officer

NC State SCRC

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. The topic of procurement analytics was covered in-depth at our last SCRC meeting in December, and the research paper “Procurement Analytics: Enabling the Journey to Value” that I developed with IBM around this meeting is also posted on IBM’s website.

KPI 40

Procurement Leadership Program can help individuals market the real value of procurement to the enterprise

NC State SCRC

Gene Richter is widely known as one of the world’s true procurement gurus, and I was privileged to have known him when he came to speak several times at Michigan State during the 1992-1999 period when I was there. MOre information can be found on our Procurement Leadership website.

Sustainable Purchasing & Supply Summit 2015

Supply Chain Movement

The first UK conference to present an holistic view of sustainable procurement and the role of the supply chain in more responsible business and government. Morning (10am-1pm): What’s New in Sustainable Procurement? The Latest Innovations & Best Practice in Action.

Data Quality Is Critical To The Supply Chain Function – Did Someone Forget To Ask?

NC State SCRC

Most companies traditionally focus on their data needs during the early stages of a procurement project involving third party suppliers, who are charged with collecting data, incorporating it into a system or product, and ensuring that the system is capable of ingesting new data that is processed into analytics. As the primary interface with contracting with system developers and third parties, procurement must partner with IT to ensure that it is completed effectively.

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Innovative startups. Artificial Intelligence innovators. This transfer of ownership reduced the effectiveness of procurement. Here is what I hear on calls: Having the digital innovation team in the IT organization is like drilling a hole in bedrock. Tremors.

Building A Culture To Support Supplier-Leveraged Innovation

EcoVadis

Do you believe that your suppliers think it is worth the time and effort to bring you the innovations you are looking for to grow your business in a sustainable way? Procurement can be a key driver if the right resources, processes, incentives and metrics are established. That is why industry leaders are thinking about innovation as an integral and inseparable part of their supply chain and Sustainable Procurement approach.

Could the CPO Be Replaced by the Chief Value Officer?

Supply Chain Game Changer

Procurement – How to Enable Spend Aggregation! What is the role of the Chief Procurement Officer? The main work of a Chief Procurement Officer is to: Create a Shared Vision for the Procurement Function, aligned to organizational objectives. Subscribe Here!

Seeing Both Sides of the Coin: Moving from a Siloed to a Holistic Supply Chain for Improved Supplier Relationships and Performance

OneSCM

If the primary dealings a supplier has are with procurement, procurement’s KPIs will be center stage for the supplier’s performance measurement. In this case, common procurement KPIs…such as price and availability…would be at risk of becoming disproportionately ranked core metrics.

High-Tech Nation: How Technological Innovation Shapes America’s 435 Congressional Districts

Cerasis

For years, policy discussions about America’s technological innovation-driven, high-tech economy have focused on just a few. The report draws on 20 indicators of the technological innovation economy to paint statistical portraits of all 435 U.S.

Seeing Both Sides of the Coin: Moving from a Siloed to a Holistic Supply Chain for Improved Supplier Relationships and Performance

OneSCM

If the primary dealings a supplier has are with procurement, procurement’s KPIs will be center stage for the supplier’s performance measurement. In this case, common procurement KPIs…such as price and availability…would be at risk of becoming disproportionately ranked core metrics.

Guest post: Technology Solutions Are The Secret Weapon For Bringing CSR Into Procurement

EcoVadis

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. However, new and innovative solutions are developing. The same is true of Procurement solutions: the abilities – and limits – of the technology play a key role in shaping buyers’ expectations of their own abilities. Guest post by Charlotte Spencer-Smith, Marketing, Pool4Tool.

Sustainability : Can Procurement do better than Governments?

EcoVadis

All these projects should also trigger a massive domino effect, as suppliers are required to gather Sustainability metrics from their own suppliers. The role of Procurement leaders, is therefore becoming critical, to help drive the Sustainability agenda of their suppliers, while minimizing risks, and fostering innovations for their own companies

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The sourcing or procurement function will own the relationship and manage the overall process. Subscribe Here!

Supplier Quality Management: Drive Value By Safeguarding Value!

Supply Chain Game Changer

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Innovation.

Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

I also predicted how this type of engagement would continue to grow in the future, as organizations begin to recognize the value of having an objective, third party view on their problems can create innovative solutions. MUFG Union Bank Strategic Performance Metrics.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Improved customer service metrics. Subscribe Here!

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

It could be based on Innovations made, true industry specific benchmarks, Supply Chain capabilities, etc. Gartner Survey Metric Notes: 1. SCM #SupplyChain #Logistics #Distribution #Technology #Leadership #Procurement #Purchasing #Freight. Subscribe Here! Email Address.