DIFOT: A Metric of Supplier Performance

Unleashed

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. It can be used to measure supplier performance so that you can easily and quickly get a feel for which suppliers are consistently reliable in their supply and which either do not deliver in full or are perpetually late in delivery. Here we highlight some key items to consider: Establish a conversation with your suppliers. Measure supplier performance.

If you had a clean slate, what supplier management practices would you eliminate?

ivalua

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up. Are there suppliers that you spend less on who could become the cornerstone of your product?

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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. How do the CSR/sustainability credentials of suppliers affect a company’s rating?

Scottish Councils Deliver Streamlined Contract and Supplier Management

Jaggaer

“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council. B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender.

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.

Data 52

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.

Data 52

Supplier Management: The Best-in-Class Approach to Drive Performance

Supply Chain 24/7

This report will examine the comprehensive approach, taken by the Best-in-Class, toward Supplier Management. It begins with supplier selection, followed by establishing and measuring key performance metrics and ends with focusing on visibility with their suppliers to ensure ongoing success

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Traditionally, supply chain management was a top-down approach. Partner with your current suppliers. Current suppliers should play a key role by becoming less of a mere cog in a wheel of a supply chain system and more towards an important partnership to shape the system. Here’s how to improve your relationship with your suppliers.

How to Tell if Your Suppliers are Underperforming

Unleashed

Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Regardless of whether you make, manage or move products, suppliers are a vital part of your company’s success. Without reliable suppliers, you could be jeopardising with your business model.

Strategic Supplier Relationship Management – Do’s and Don’ts

Supply Chain Game Changer

Supplier Relationships – Don’t go over to the Dark Side! Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. There were Executives from dozens of Suppliers in attendance. The event concluded with award recognition given to Suppliers based on their scoring and standing as being of Strategic value to the company. Virtually no supplier is irreplaceable.

WPC 2020: The Mondelez journey to world class digital procurement

HICX Solutions

Last week saw the conclusion of World Procurement Congress 2020 , which was rounded off on the final day with a discussion on supplier experience management. Mondelez sits among a new class of leaders, who are putting supplier experience at the heart of their digital transformation.

Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

A 3-Step Guide: Identifying Underperforming Suppliers

Unleashed

Properly tracking and evaluating supplier performance helps ensure smooth operations and profitability. If a supplier seems to always have an excuse, you’re not wrong in being sceptical if it’s a common occurrence and affects your business schedule. Perhaps it might be that a supplier is never wrong, and you notice their frequent attempts to sidestep responsibility and put the blame on someone else. These are some common signs that you may be working with a bad supplier.

Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

Through this guest blog series, my intent is to share some of my experiences implementing supplier quality and Lean manufacturing initiatives by focusing on eKanban systems. Strategies for Getting Suppliers on Board. Some manufacturers experience supplier resistance to a new electronic Kanban solution. This criticism is based on the idea that when a supplier holds the inventory, they hold all the risk. Supplier performance. Monitor your metrics.

Seven Keys to Scaling your Supplier Scorecarding Program

Logility

A solid supplier scorecarding program can drive big cost savings in the supply chain. Executives know that clear performance metrics are the starting point for supplier management. Yet many companies find data management and sharing a roadblock. You can’t use a one-size-fits-all strategy for scoring supplier performance. Performance varies across supplier types. Ideally, your scorecard will encompass supplier quality and risk dimensions.

How to Make the Most of Your Supply Chain Software

OneSCM

We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. This allows companies to perform any necessary due diligence upon receiving the items, such as returns to suppliers or additional inspections. Serialization maintains the Lot and/or Serial number along with additional details of a particular item so it can be tracked from the Raw material supplier to the end consumer.

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

Specifically, practitioners can use intuitive displays to drill into safety metrics, product quality, on-time delivery, cost efficiency, and much more. For manufacturers with major investments in infrastructure and equipment, the ability to manage that capital outlay is critical. Managing your data. Let’s wrap up with a reminder that data-driven insights require holistic data management. Check out this video on supplier management.

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

Specifically, practitioners can use intuitive displays to drill into safety metrics, product quality, on-time delivery, cost efficiency, and much more. For manufacturers with major investments in infrastructure and equipment, the ability to manage that capital outlay is critical. Managing your data. Let’s wrap up with a reminder that data-driven insights require holistic data management. Check out this video on supplier management.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This not only triggered demand volatility, but also raised a significant question mark in managers’ minds about the status of demand after the crisis. It is therefore critical to ask how should supply chains be managed during and after crisis to ensure availability?

What is MRO and Why is it Important?

Supply Chain Game Changer

High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Why is MRO Management Important? This may not seem like a lot, which is often the reason why it doesn’t get a lot of attention, but what happens when MRO is not managed? How Should MRO be Managed? Proactive inventory management is essential.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

As they manage the supply and demand equation of their own labor markets, they are able to lower labor costs as low as they need to in order to offset domestic U.S. Most supply chains spread their expenditures over the fewest amount of their largest “strategic suppliers”. Most risk management specialist will tell you that managing even the top 90% of suppliers by expenditures is an outmoded strategy. Supplier Management. Subscribe Here!

China 66

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It must be managed as a system. Metrics Alignment. Yesterday, I finished a post on supply chain planning maturity.

What’s New with MMOG/LE Version 5?

QAD

The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. The MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. Mitigate risk throughout the tiers of automotive suppliers. or need help managing the process.

Is Covid-19 the Death of Global Supply Chains?

Supply Chain Game Changer

Managing a global supply chain in the current global business environment is a Tom Cruise-esk, Missions Impossible, kind of task. In terms of supply chain management, the term can be used to describe domestic sourcing, production, and distribution of a good or service. Subscribe Here!

Seasoned Leadership in Action? ? An Interview with Joe Carson, CEO Spend Strategies, LLC!

Supply Chain Game Changer

It was a great lesson in how to successfully manage a strategic customer-supplier relationship, a lesson which I have always kept in mind in all other interactions. Past leadership titles include Chief Procurement Officer at both Lucent Technologies and Micron Technologies, in addition to other leadership positions as Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer. Both involve Change Management. Subscribe Here!

Who Needs Quality Management?

Oracle SCM

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. -

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

Supply Chain Game Changer

Check out Supplier Collaboration is a Win-Win Strategy! This is clearly not the case in the world of supplier management. All suppliers are not created equally and they should all be managed with this distinction in mind. This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). There are considerably more suppliers at the base than at the top.

8 Things Companies Get Wrong in Supply Chain Management

Logistics Bureau

Even the biggest companies make supply chain management mistakes, and they typically have dedicated management hierarchies focused solely on balancing supply and demand. Common mistakes in process management include: Use of paper-based workflows. Inventory Management.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory management. Purchasing and supplier management. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics software solutions to help. For the right level of management. Supply Chain KPIs are Essential – The Right Ones!

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Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The term “Supply Chain” is more than just the name of the group that manages materials and logistics. And “Supply Chain” is more than just a characterization of the flow between Suppliers and your company and your Customers. Subscribe Here!

Supplier Quality Management: Drive Value By Safeguarding Value!

Supply Chain Game Changer

Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! 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. Supplier quality management seeks to pinpoint, and help leverage, the suppliers that fit demands and costs, from the buyer, without being demanding upon internal resources (minimal need for inspection or development).

8 Things Companies Common Mistakes in Supply Chain Management

Logistics Bureau

Even the biggest companies make supply chain management mistakes, and they typically have dedicated management hierarchies focused solely on balancing supply and demand. For the smaller business, with a management team that has to juggle multiple areas of responsibility, it’s even easier to inadvertently neglect, overdo or omit certain aspects of supply chain management—or just get them plain wrong. Inventory Management.

Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

specifically with spend under management and organizations pushing to get?to Looking at the current state of business as a whole, Bartolini says, “Businesses are more reliant on their suppliers for the direct success of their products, services and sales, and in their customer relationships.” This dependence on top-class supplier management presents an open door for procurement to further embed themselves at the company’s core and increase relevance for their departments.

5 Procurement Strategies For Small Medium Enterprises

CormSquare

staffing, financing, inventory management, customer service, marketing etc. Several other examples of how technology is assisting procurement services is ERP software, accounting systems, supply chain software, eProcurement , digital storefront and supplier management systems etc. Strong supplier relationship in both direct and indirect cost spend categories provide great business for SMEs. Purchasing from small suppliers saves time and resources while building trust.

How to Address Chronic Poor Supplier Performance

Logistics Bureau

When a supplier continually fails to perform, buying organisations all too often take a passive approach to the problems; firefighting, making excuses for the supplier, or perhaps cursing the supplier’s incompetence at internal meetings, but never directly addressing the poor supplier performance. Supply chain performance suffers as long as the buyer continues working with the offending supplier. Action #2: Supplier Performance Improvement.