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’s Critical Role in Boosting Supply Chain Resilience

ivalua

The post Procurement’s Critical Role in Boosting Supply Chain Resilience appeared first on Ivalua

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect. Inbound Supply Supply Chain Management inbound logistics inbound supply 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. Supply Chain Managers and Procurement Professionals Avoid the Conversation.

A 5-Point Strategy for Digital Procurement Transformation

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

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

Supply Chain Visibility in Foggy Times

Enterra Insights

” As supply chains have grown more complex, the same thing could be written about many of them. The foggy environment in which many supply chain professionals labor stems from a lack of visibility deep into supply chain operations.

Ivalua’s Procurement & Supply Chain Summer Reading List

ivalua

The post Ivalua’s Procurement & Supply Chain Summer Reading List appeared first on Ivalua

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

GlobalTranz

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Manufacturers must work to consolidate incoming supplies and outgoing shipments to make their incoming and outgoing freight more attractive to major carriers. Consider Cyber Security Concerns in the Procurement 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. Procurement: Purchase price variance and procurement cost.

Procurement: 5 Tips to Deliver Value Beyond Savings

Now is the time for procurement teams to redefine themselves – from buyers to strategic partners across the supply chain. Take the first step today. Discover five tips for delivering procurement value beyond savings.

Five Key Supply Chain Planning Capabilities for Fashion Products

ToolsGroup

Brands like American Eagle Outfitters focused on inventory optimization and flexibility, supply chain transformation, lower SKU counts and fewer shipments per order for improved supply chain performance.

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.

Human Resource Planning for Procurement, Contract Management, and Supply Chain Management

NC State SCRC

I spoke today on the subject of Strategic Human Capital, and the importance of developing human resource planning for supply chains with Dan Finkenstadt at the NCMA World Congress.

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.

8 Reasons Why Your Supply Chain Needs a Low-Code/No-Code Digital Platform

Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digital supply chain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.

People and Halal Supply Chains

The Logistics & Supply Chain Management Society

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. The result is that brand owner supply chains have different halal practices. IOT for Supply Chain Tracking.

Sustainable Supply Chain Management.

ModusLink Corporation

Green supply chain history: The origin of Supply Chain Management can be dated back to the early 20th with Henry Ford who vertically integrates the automotive supply chain and organizational practices. GREEN SUPPLY CHAIN MANAGEMENT IN DEVELOPING COUNTRIES.

Artificial intelligence for sales and procurement planning: fundamental success criteria

All Things Supply Chain

I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning.

Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Preparing Business for the Digital Supply Chain! Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. Important Digital Procurement Trends. What Is Digital Procurement?

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Prepare for Unforeseeable Uncertainties With Supply Chain Planning

CHAINalytics

” Interview via Supply Chain Magazine Based out of Helsinki, Juha Martikainen has been consulting … The post Prepare for Unforeseeable Uncertainties With Supply Chain Planning appeared first on Chainalytics.

Supply Chain Risk and Resilience

Enterra Insights

” For many organizations, risk management and resilience starts with the supply chain. Omer Abdullah, cofounder and managing director of The Smart Cube, argues supply chain risk management processes must be both proactive and reactive.

COP26: climate change as the supply chain’s new imperative

Procurement Academy

Employees, consumers, the workers in their extended supply chains—and, naturally, the planet itself. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Supply Chain 4.0: Why You Need to Digitize to Survive

Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines

In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. We’ll help you drudge through the boundless opportunities and help clarify all the buzz. During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results.

An Interview on Learnings From Podcasting on Supply Chain and Procurement with Kelly Barner

HICX Solutions

How it all started – Podcasting on Supply Chain & Procurement. Kelly also points out how the COVID-19 pandemic has brought the procurement and supply chain industries to the forefront as the general public is now aware of what goes on ‘behind the scenes’. “It’s

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.

Analog Supply Chains are an Anachronism in a Digital World

Enterra Insights

Supply chain processes are not immune to this trend. EY analysts Edmund Wong and Glenn Steinberg ( @GlennSteinberg ), ask, “Are you running an analog supply chain for a digital economy?”[1] ” The Changing Supply Chain Environment.

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.

Three Tips for Improving Freight Procurement in the Supply Chain Logjam

Supply Chain Brain

No part of the supply chain is immune from the turmoil currently plaguing the supply chain industry — especially not freight procurement

Which supply chain and procurement skills will best equip us for the future?

Procurement Academy

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. Because a business or supply chain that is ill?prepared

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.

Top Tactics to Advance your Procurement Career in your Current Company

All Things Supply Chain

Ever wondered how exactly to advance your career within procurement and get promotions? Here are… General Procurement Management procurement procurement management procurement planning supply chain supply chain procurement

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

GlobalTranz

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supply chain entities need to know vendors will be held accountable and adhere to the terms within vendor-supply chain partner service level agreements. Supply chain professionals must also know how they will be shipping freight. Companies Will Seek New Ways to Use Technology in Procurement.

E-Procurement in Hospitals – An Integrated Supply Chain Management of Pharmaceutical and Medical Products 

ProcurePort

Supply chain management is a major cost driver in the healthcare industry. The need to have medical supplies and services available is just as important as getting diagnoses and prescriptions correctly. e-Procurement