6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress.

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

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. First, great supply chains are agile. Supply Chain Planning.

My Take: Metrics that Matter

Supply Chain Shaman

Dialogue with global supply chain teams energizes me. 1) Get Clear on the Definition of Supply Chain Excellence. He has a passion to do supply chain right, but he is uncertain on what to do. Achieving Balance in Metrics.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. I was sitting at my kitchen table attempting to write a celebratory book on the 30th anniversary of supply chain management. Capturing the Voice of the Supply Chain Leaders.

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric. The presentation before me was by a supply chain leader of Mondelez.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. Which are the key Procurement metrics? Subscribe Here!

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.

Has Driverless Supply Chain Planning Already Arrived?

ToolsGroup

There has been a lot of news about driverless cars, and at the Supply Chain Insights Global Summit there was also some news about “driverless” supply chain planning when two companies described supply chain planning with almost no human intervention.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor. How many slaves are in your supply chain?

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!

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.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. The Top 10 Supply Chain Blog Posts from 2017. Supply Chain

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Supply chain management technology has a fault line. The technology market for supply chain management is dramatically shifting. Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. Tremors.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. With changing product profiles, short life cycles, constraints with downstream suppliers, and changing markets, being good at supply chain planning matters.

Building the Business Case for Supply Chain Risk Management

Cerasis

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

2020 Requires Big Wings and Feet

Supply Chain Shaman

After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The supply chain is a complex non-linear system.

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.

Why Most Supply Chains Need an Upgrade and What to Look for in a Solution

OneSCM

For mid-market companies still using manual supply chains, especially in Procurement/AP operations, now is a fantastic time to consider automating these time-consuming and error-prone practices. Supply Chains Will Experience a Dramatic Shift.

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.

Supply Chain Movement 17 – S&OP

Supply Chain Movement

Contents Supply Chain Movement 17 – 2015 Q2. – Launch of Supply Chain Professionals Club in Turkey. – Supply chain disruption reported as the fastest rising threat. 12 | Supply Chain Journey: demand driven on command.

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How to Recruit and Organize Supply Chain Talent to Unlock Your Supply Chain’s Potential

Talking Logistics

Recently it seems that more and more organizations are recognizing that their supply chains are a key component to the organization’s success. From the increasing adoption of a chief supply chain officer at major organizations to discussions of legislative changes , the influence of the supply chain on competitive advantage is more recognized than ever. So what does this mean for global companies and supply chain strategy?

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Transportation modes used in procurement and shipping. Data Leadership Supply Chain

Collaboration in supply chain management is key

Kinaxis

There were some interesting ideas that came out of this study, like how collaboration in supply chain management is key to success. “The supply chain cannot be integrated unless the end-to-end supply chain activities that must be integrated are fully understood.”

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

OneSCM

At TAKE Supply Chain, we have a wide range of customers with a wide range of concerns. If the primary dealings a supplier has are with procurement, procurement’s KPIs will be center stage for the supplier’s performance measurement.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”. Source: Evan, Flikr. “I

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

Mid-market companies can no longer afford to manage their supply chains in individual silos that often produce inaccuracies in overall performance and constrain supplier relationships. Technology tools are another way to build out and reap the benefits of an end-to-end supply chain.

The Essential Reference Guide for a Supply Chain Leader

Cerasis

In this blog he provides a simple reference guide to better yourself as a supply chain leader. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs. Supplier Development contributes towards 5 Key Work Streams in Supply Base: . 4) Improve Materials Management Competency in Supply Base. . Every business has their set of metric which they want to focus on.

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.

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.

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

OneSCM

At TAKE Supply Chain, we have a wide range of customers with a wide range of concerns. If the primary dealings a supplier has are with procurement, procurement’s KPIs will be center stage for the supplier’s performance measurement.

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

NC State SCRC

Data quality and governance has always been “ important ” to the supply chain function but today it is “ critical ”. Our most recent study completed by the Supply Chain Resource Cooperative in 2018 suggests that the majority of senior management may not be completely aware of the impact of poor data quality on decision support systems, though a majority perceive that their competitors may be surpassing them in the application of data-based decision-making.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning.

Study 156

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. With changing product profiles, short life cycles, constraints with downstream suppliers, and changing markets, being good at supply chain planning matters.