Know Your Supply Chain KPIs – Procurement

Logistics Bureau

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using.

Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. Procurement Analyst.

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Changing Winds in Supply Chain

Supply Chain Shaman

“When will the impact of the pandemic on the supply chain be over?” The building of the global supply chain over the last seven decades evolved based on three assumptions: Number 1. Shippers pushed cost and waste backward in the supply chain.

Changing Winds in Supply Chain

Supply Chain Shaman

“When will the impact of the pandemic on the supply chain be over?” The building of the global supply chain over the last seven decades evolved based on three assumptions: Number 1. Shippers pushed cost and waste backward in the supply chain.

Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

We stubbed our toe in supply chain management at the beginning of the decade. Facing The Issues of Supply Chain Performance. As I work through this year’s Supply Chains to Admire , I cannot help but shake my head. Belief in efficient procurement.

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

Changing Winds in Supply Chain

Supply Chain Shaman

“When will the impact of the pandemic on the supply chain be over?” The building of the global supply chain over the last seven decades evolved based on three assumptions: Number 1. Shippers pushed cost and waste backward in the supply chain.

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Covid-19 pandemic tested the global supply chain. Like riding a bumpy road, the supply chain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Instead, rethink the model and the approach.

Paving the Digital Path to Purchase

Enterra Insights

The past couple of years has been a remarkable time for e-commerce as more and more consumers have discovered the digital path to purchase. Across industries and regions, people prioritized essentials and reduced impulse purchases. ” Paving the digital path to purchase (i.e.,

Why Supply Chain Managers & Procurement Should Collaborate

GlobalTranz

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. Supply Chain Managers and Procurement Professionals Avoid the Conversation.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Procurement Supply Chain Planning

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

Driving Sustainable Growth Through Supply Chain Resilience. The evolving pandemic, growing geopolitical tensions, nervous financial markets and increasing economic uncertainty means supply, both globally and locally, is at the very least, uncertain.

A Story of Throwing the Baby Out With The Bathwater in Supply Chain Planning

Supply Chain Shaman

In 2004, I worked with a Midwest North American meatpacker to help define its supply chain strategy. The team understood the importance of margin management, focusing only on cost as an input to margin. Consumers constantly change the mix preferences in purchases.

Top 16 Procurement KPIs – The Ultimate Guide

SCMDOJO

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. Procurement.

Procurement vs. Purchasing: Similar but Different

Precoro

Purchasing? Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Purchasing and Procurement at a Glance. Procurement.

Can Supply Chain Management Fix Supply Chain Woes?

Enterra Insights

For decades, the global supply chain has been a wonder. The Economist observes, “Supply chains encompass some of the most sophisticated forms of human endeavor.”[1] Supply and Demand are Out of Whack. So, there was supply chain disruption.

7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. 7 practical strategies to minimize risk and manage supply chain shortages.

Supply Chains and the New Normal

Enterra Insights

” Difficult as it may be, supply chain professionals need to plan for the future. Right now, the industry cannot rely on historical data, so the value of real-time data and analytics has never been more important to help companies pivot and adapt.”

Student projects focus on supply management segmentation, risk analytics, and predictive cost models.

Supply Chain View from the Field

One of the issues they came up with was the relative weighting of different categories, which included the highest rated being quality, cost, risk, on-time delivery, and information sharing. Companies are clearly using many more criteria other than cost and delivery to evaluate suppliers, indicating they are willing to pay a bit more if they are able to get better overall value from suppliers. A John Deere team discussed how they attempted to build a predictive cost model.

Understanding Supply Chain Management

SupplyPike

The importance of supply chain management What to watch while consumers are panic buying How to implement supply chain management Supply chain management and Walmart. Supply Chain Management (SCM) is a systematic and controlled procurement operation.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

GlobalTranz

But, how do supply chain leaders and managers ensure their omnichannel supply chain is working. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

Embracing the Digital Supply Chain

Supply Chain Shaman

As I drank a cup of coffee and waited, I reflected on the article I had just completed for the Institute of Supply Management. At their request I wrote on the digital supply chain. Digital supply chain is such a buzzword. The digital supply chain is about SO much more than gadgets.” Yet, within the supply chain, everyone waits for data and insights. One of my clients waits four days for a custom report.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. Neither technology vendor is an industry leader in delivering a solution that fits the needs of the supply chain planner. So, why would a company deploy a solution that is more costly, with a longer time to value, to drive lower satisfaction ratings by the planner? Summary Data of User Satisfaction with Supply Chain Planning Applications.

You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

I seethed as the news stations celebrated supply chain success for the December holidays. The health of the supply chain underpins our economy. When the supply chain is sick, all industries suffer. Not only did the cost increase, but variability tripled.

People and Halal Supply Chains

The Logistics & Supply Chain Management Society

According to the State of the Global Islamic Economy Report 2020-2021 a USD 2.4 Muslim (majority) countries in Asia (such as Brunei, Indonesia, and Malaysia) and several countries in the Middle East are moving to stage 3: the halal supply chain. People and Halal Supply Chains.

What is Supply Chain Resilience?

GlobalTranz

If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supply chain resilience? What is Supply Chain Resilience? Blog Supply Chain

Supply Chain Matters This Week in Supply Chain Tech- March 5 2022 Edition

Supply Chain Matters

The Supply Chain Matters blog features our March 5, 2022 edition of This Week in Supply Chain Management Tech , a synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership.

Consumer Packaged Goods Manufacturers and Consumer-centric Supply Chains

Enterra Insights

Michael Baudendistel ( @FWavesRail ), an analyst and Market Expert at FreightWaves, reports, “There were some interesting, if perhaps intuitive, highlights from the latest University of Michigan Surveys of Consumers. Taking the Digital Path to Purchase.

IOT for Supply Chain Tracking

The Logistics & Supply Chain Management Society

Significant advancements in the Industrial Internet of Things (IIoT) and cloud technologies in recent years has reduced the cost of adopting new technologies and broadening the spectrum of what is available. This is driving manufacturing sector to create more agile supply chains.

5 Supply Chain Collaboration Essentials to Mitigate Disruptions

Logistics Viewpoints

Few organizations are immune to the effects, which are acutely felt in supply chains — and the more complex they are, the greater the probability of interruptions. Such a gap is problematic, as it could lead to higher costs, longer cycle times and less resilience.

L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years. Read more to understand the details on the Supply Chain Index ,). Supply Chains to Admire Methodology. This has led to accelerated development and has significantly cut costs.

This Week in Supply Chain Management Technology – Shopify and Panasonic

Supply Chain Matters

In this special edition of Supply Chain Matters This Week in Supply Chain Tech we highlight two significant developments involving supply chain management focused technology involving providers Shopify and Panasonic Corporation.

Top Supply Chain Management Courses!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start.