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.

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.

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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.

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.

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.,

Procurement Software and Solutions

EC Sourcing Group

The process of procurement has significantly advanced in recent decades, mainly due to the internet and cloud-based applications that can help streamline the process. The early days of eProcurement software were still intricate, with much dependence on spreadsheets to try to organize data.

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. The Failure of Existing Demand Planning Solutions.

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.

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. Let’s take a closer look at the current problem and its possible solutions.

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

The establishment of efficient global supply chains has become critical to competitiveness. Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels.

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.

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. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

Nespresso Optimizes Orders and Inventory with End-to-End Digital Supply Chain Planning

ToolsGroup

Nespresso’s complex coffee supply chain. Nespresso addressed this challenge by digitizing its end-to-end supply chain – from demand forecasts to order deliveries to points-of-sale—thanks to ToolsGroup’s digital supply chain planning platform.

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.

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

How to Select Supply Chain Planning Software

ToolsGroup

Selecting the right supply chain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supply chain strategy and business objectives.

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.

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.

Supply Chains and the New Normal

Enterra Insights

“If you’re looking for a sudden return to a normal, pre-pandemic operating environment,” writes Matt Gunn ( @mattgunn ), Vice President for solutions marketing at Slync.io, “keep waiting.”[4]. That’s why Lau insists supply chains must become more resilient.

What’s the difference between purchasing and procurement?

Unleashed

In your supply chain, ordering more raw materials and components is a key step in the production process. Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? What does a procurement manager do?

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.

The Risk of Venture Capital Takeover of Supply Chain Software Providers–Anaplan A New Victim

Supply Chain Shaman

A dark cloud is laying heavy over the supply chain management technology market. It is the buying of software companies to profit from maintenance or service revenues paid by manufacturers and retailers to their established software partners. Venture capitalists invest in the software industry to make money for their shareholders (financial markets). As a software analyst, I have worked with many venture capitalists in my twenty-two years.

How Do We Stop Buying Planning Software the Wrong Way?

Supply Chain Shaman

The burst of spring coupled with my second Pfizer vaccine gives me a glimmer of hope that perhaps the dark curtain of being chained to the home office is lifting. The Process of Software Selection. “We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP.

People in Manufacturing: Procurement

QAD

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. The post People in Manufacturing: Procurement appeared first on QAD Blog.

What to Look for in Procurement Software Solutions

EC Sourcing Group

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Procurement Software Solutions: What Is Procurement Software?

IMPORTANCE OF A CLOUD-BASED E-PROCUREMENT SOLUTION

Eyvo

Implementing a cloud-based eProcurement software is a good investment. It is easy for organizations to get confused and come to the wrong conclusion about the implementation of a digital procurement solution. Here’s why! by Bhargavi Nake.

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. Supply chain collaboration is essential to mitigating the risks that come from exposure to disruption.

Consumer Packaged Goods Manufacturers and Consumer-centric Supply Chains

Enterra Insights

Taking the Digital Path to Purchase. ” And, over two-thirds of consumers “switched brands during the pandemic due to supply chain issues.” Purchasing Out of Necessity.

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. As shown in Figure 1, users are more satisfied, the implementations are shorter and there is greater Return on Investment of solutions from Best-of-Breed solution providers—especially if the best-of-breed solution providers used are industry-specific. Summary Data of User Satisfaction with Supply Chain Planning Applications.

Purchasing Manufacturing Network Design Software? Consider These Factors

River Logic

Manufacturing network design software focuses on optimizing plant locations, capacity, and product flow paths. Manufacturing Network Design Supply Chain Network Design Supply Chain Network Optimization Network Optimization Footprint Optimization

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. The average purchase order changes 3-4X before shipment.

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

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.

IOT for Supply Chain Tracking

The Logistics & Supply Chain Management Society

The cost of internet-connected devices has also dropped significantly making IIoT solutions more affordable at scale. Modern cloud-based solutions offer cost effective analysis of data and require no infrastructure setup, enabling faster adoption of new technologies. Background.