9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. 9 Key Topics to Understand to Frame A Shipper's Mind for Effective KPI Management.

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7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Procurement ROI. Subscribe Here!

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How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

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?”

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Sustainable Procurement Leaders

EcoVadis

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. Sustainable Procurement is not about competition between companies: it is about differentiation.

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 Cockpit – Strategic Sourcing KPIs

EC Sourcing Group

Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. Each KPI should have a benchmark or reference point of comparison. They said that procurement was now respected and relied upon as a key resource.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

When we are managing a procurement event for a customer, the project will kick-off with a discovery call. We also ask about Asset/Broker % goals, KPI’s, etc. KPI’s. Procurement Strategy (Annual RFP, Targeted RFP, etc.). Tim Dalton, Manager of Procurement Services with LeanLogistics , oversees all Full Service and LeanSource supported procurement projects.

Five Steps to Launch a Supplier Scorecard

Logility

A good KPI will be measurable against some benchmark or criteria. If you can’t identify an outcome and a strategy to relate to the KPI, then you’ll be wasting time on data collection and analysis.

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Health Check Your Supply Chain for Inefficiencies

Talking Logistics

Decentralized procurement of various logistics services limit leverage opportunity, cost reduction and efficiency enrichments. Are trustworthy KPI’s available and analyzed with appropriate business intelligence tools that allow a solid grip on the supply chain, and your logistics providers?

5 Procurement Digital Transformation Ideas (to challenge your thinking or even to p**s you off)

HICX Solutions

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? To some this may sound like heresy but many are starting to ask the question – Does procurement have anything to do with P2P? Why is there a Procurement function – isn’t it just a process?

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How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag (pt 2)

OneSCM

If you already have a balanced scorecard or other formalized KPI measurement practice, it is a good time to evaluate for any needed adjustments or customizations and to revisit the objective, tangible value of each metric you want to include.

SICPA’s “S&OP & Collaborative Planning” Workshop

DynaSys

Mauro Ferri, SICPA Supply Chain and Procurement Director welcomed everyone with a short intro, followed by SICPA’s key insights into the day’s subject. On October 1st, QAD DynaSys was honored to be able to host SICPA’s “S&OP & Collaborative Planning” workshop in Lausanne, Switzerland.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace.

The path of a future CPO

Proxima

Consider the following: The Future CPO will have performed a stint outside of Procurement before becoming CPO. Developing/equipping individuals and teams extends beyond classical procurement skills. Let’s assume that as a profession we are successful in evolving the role of Procurement.

Transform your supply chain’s sustainability impact by going beyond operational constraints

DELMIA Quintiq

Most would require a lengthy procurement period and perhaps an even longer rollout phase. The Quintiq solution uniquely allows companies to properly balance changing KPI goals at varying points in time, in order to produce realistic, executable plans.

Your Trade War Survival Secret: Sales and Operations Planning – Part 2

DynaSys

Because the company relied on a state-of-the-art DSCP planning system covering the entire S&OP process from demand, production, and inventory through procurement and supply planning, integrated into the corporate global financial plan.

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

Cerasis

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.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

To start you must have the KPI's visual along 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).

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WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Failure to track replenishment and procurement activities. The carrying cost of inventory KPI should also consider added expenses, like labor costs to manage inventory, insurance, and both packaging and shipping costs. Efficiency and accuracy should be tracked through a common KPI. As a result, Warehouse Managers may need to integrate picker performance metrics with this KPI.

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Low Tech Can Still Deliver High Returns

TMC

For example, at TMC, white boards are at the center of our daily discussions that help to drive customers’ key performance indicator (KPI) programs and provide status updates on active projects in the pipeline. A key part of our daily discussions is customer KPI metrics.

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Supply Chain Maturity Model for Capability Assessment

Supply Chain Opz

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.

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Supplier Co-Innovation: The Next Source for Economic Growth

NC State SCRC

In effect, procurement data on supply market technologies serves as the catalyst that drives the innovation process. To generate such forms of value creation, procurement will need to tap into a key source of new ideas and creativity: their suppliers.

New French law to require for companies to report on GHG emissions in their supply chains

EcoVadis

Furthermore, a separate KPI module dedicated to direct and indirect GHG emissions provide another option to suppliers to share their latest metrics with their clients and can be updated from year to year.

Supply Chain Secrets Going Global – But Where Should we Share Them?

Logistics Bureau

Procurement and purchasing. Benchmarking and KPI development. Sharing Supply Chain Secrets Globally My Goal for 2020. Anybody who knows me well is aware that in addition to working with my wonderful colleagues at the Logistics Bureau, I run several spin-off businesses.

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Using Data to Improve Supply Chain Operations

Material Handling & Logistics

Supply chain operations have a strong history of being numbers-driven and embracing KPI metrics and analytical approaches to improving performance which is exemplified by, for example, the Supply Chain Operations Reference model (SCOR).

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Growing Challenges in Supplier CSR Monitoring are Being Met with Powerful Digital Solutions

EcoVadis

This is creating a ‘triple-whammy’ of imperatives for procurement teams — and their trading partners — to monitor and manage risk, while at the same time exposing new sources of value that will be the key differentiators in the future. But assessing and monitoring the CSR practices of suppliers worldwide poses tough challenges for procurement teams, across these dimensions: Geographic diversity. Note: This blog was originally posted on.

Top 10 supply chain trends for 2020

Requis

Digital twins promise more accurate and effective KPI reporting and have the potential to dramatically alter how businesses plan and adapt to change. January 1st not only the start of a new year, but a new decade.

Balanced Supply Chain Careers for a Balanced Supply Chain

Arkieva

We also introduced that in many organizations, the primary focus of the functions is on functional KPI’s, as shown in Figure 2. Manufacturing and procurement are focused on cost, which may result in long production runs or large minimum order quantities driving inventory up.

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Enabling Innovation Groups To Sell More Effectively to Operations Leaders

ThroughPut

Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere.

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

With easy API integrations with any Enterprise Resource Planning (ERP) tool, inventory managers can automate procurement and replenishment processes that historically were guesswork cutting into profit margins. *This post was originally published June 2015; it was updated September 2018*.

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

But in the end, planning is responsible for all delivery KPI’s. “If So procurement will buy ahead, and work with suppliers to understand the situation in the market, and that may drive up inventory in one sector. This may take us over budget in a given quarter, but we all know where we are in terms of our cost targets and KPI’s. We realized it wasn’t working, because the procurement and IT guys in PC’s looked at it differently then the server guys, and it was too fragmented.

Understanding The Impact of Carbon Pricing And Costs In Your Supply Chain

EcoVadis

If you are in procurement, the next question you might ask is: “How do these prices affect a company’s supply chain?”

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Scottish Councils Deliver Streamlined Contract and Supplier Management

Jaggaer

Each operates a centralised procurement function, responsible for supervising the strategic spend of up to £150 million annually on a wide range of goods and services, to deliver best value to the local community.

2017 in Review: The Year of Coming of Age, Collaboration and Empowerment

EcoVadis

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.