Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. In our monthly webinar last Wednesday, I presented these results.

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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.

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Supply Chain Shaman

SEPTEMBER 17, 2014

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. I then finished a forty-minute presentation, and prepared for questions. An investment in SAP ERP improves transactional effectiveness in order-to-cash and procure-t0-pay.

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Taulia

NOVEMBER 8, 2024

This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. Procurement teams have a particularly important role in supporting companies’ sustainability goals. As such, procurement is the biggest lever companies can use to control greenhouse gas emissions.

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Logistics Viewpoints

JUNE 1, 2021

I was excited to place the order right away so my present would arrive in time for Father’s day. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions. To my delight, I found one that was on promotion.

Inventory Management Software 281

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Supply Chain Brain

JUNE 17, 2025

Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.

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Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation. When all functions are jointly focused on improving these metrics, then we can have one team.

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Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

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Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value.

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SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

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Supply Chain Shaman

OCTOBER 20, 2012

Over the course of the last decade, I have carefully recorded and reported presentation after presentation from conference after conference and interview after interview with supply chain leaders. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The results have been eye-opening.

Inventory Reduction 281

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Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. 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. The Effective Frontier.

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Logility

APRIL 28, 2025

The connected ecosystem of composition agents works across fulfillment, procurement, planning, and logistics. They want the system to present a plan, but they also want to click the “go” button themselves. The true breakthrough lies in whats next: multi-agent orchestration. At least, not yet. That’s a savvy instinct.

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RFgen

DECEMBER 19, 2024

Scaling manufacturing operations is crucial for business growth but presents unique challenges. Production Capacity Analysis While traditional testing methods can be time-consuming and offer incomplete data, focusing on key production metrics within the manufacturing process provides more actionable insights.

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Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Supply Chain View from the Field

NOVEMBER 10, 2014

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. Does procurement add to top line revenue.

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Precoro

JUNE 3, 2025

Category management isn’t just another procurement trend. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. The goal is to get the best results from every category. It’s tactical and short-term.

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Supply Chain Shaman

JULY 13, 2023

My first digital supply chain presentation was in Milan at an SAP Insider conference in 2012.) The primary investments are in networks of limited capabilities based on EDI, and indirect procurement spend management. Traditional planning taxonomies focus on the optimization of functional metrics. Relationship Management.

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SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

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Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

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GlobalTranz

DECEMBER 29, 2014

Below you can download the LTL Freight Management presentation with notes and also view the webinar in its entirety. Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply. Download the Webinar Replay. Read the Full Post. Read the Full Post.

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Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

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Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

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SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Jaggaer

MARCH 19, 2025

metric tons per person and in the European Union 5.66 metric tons per person. metric tons. Procurement has changed But how does all this affect us in the procurement community? Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability.

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Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Being prepared allows for efficient and timely execution of procurement functions.

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SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

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Supply Chain Opz

OCTOBER 10, 2014

An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. If you’re a Procurement professional, what was your spend? Procurement? Functional resumes tend to list prior experience in terms of “duties.” Beyond that, make it quantifiable wherever possible. Materials Management?

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Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. I thought the primary issues were between commercial teams and operations.

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GlobalTranz

DECEMBER 27, 2017

We want to make sure that supply chain practitioners, as well as manufacturers, understand how all of these technologies are affecting the entire supply chain, including the supply chain & procurement side of a manufacturing operation. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

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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. However, he finds hope in how procurement has adjusted in the recent past.

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Procurement Academy

FEBRUARY 6, 2025

This personalization is particularly crucial in the diverse world of supply chain and procurement. This scientific approach, which focuses on optimizing the way information is presented to learners, is at the heart of truly effective training programs.

Buyer Training 52

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Talking Logistics

JANUARY 5, 2014

You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. At an MIT conference last year, Tom Linton, Chief Procurement and Supply Chain Officer at Flextronics, presented his top 10 list of supply chain trends.

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Supply Chain Movement

FEBRUARY 2, 2016

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

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Supply Chain Shaman

JULY 12, 2022

While fortuitous at present, it is a good time to reflect on lessons learned. The focus needs to move from functional metrics to balanced scorecard outcomes. Functional metrics insulate organizations and throw the supply chain out of balance. For example, a “buy plan” for procurement. in 2021 was a rough ride.

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Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

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Logistics Viewpoints

JANUARY 23, 2024

The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. For the end consumer, it creates a snapshot of traceability from procurement to delivery.

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