Remove Logistics Remove Meeting Remove Procurement Analytics Remove Survey
article thumbnail

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

article thumbnail

What Is PPV? Purchase Price Variance Explained

Precoro

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

article thumbnail

The Top 5 Skills Every Procurement Manager Needs

Precoro

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

article thumbnail

Energy Transition in Supply Chain

Logistics Viewpoints

However, sustainability in logistics goes well beyond these initiatives, especially when we begin to look at energy transition. A recent ARC survey looked at reasons to address sustainability. This survey included over 400 respondents across a number of industries. But long-haul trucking is also developing electric trucks.

article thumbnail

Pillars Supporting the Digital Path to Purchase

Enterra Insights

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. “According to a new global survey of more than 2,500 consumers from Periscope by McKinsey, U.S. Data, cognitive technologies, and the digital path to purchase.

article thumbnail

Report from Food Marketing Institute Highlights CPG Logistics Challenges

Zipline Logistics

The past 12 months have been a year unlike any other for suppliers and providers in the CPG logistics world. Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods.