ivalua

MAY 15, 2022

Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . The gap between procurement and finance is also a factor to consider that creates additional complexity. A New Vision for Amrest. Where to begin?

Procurement Solutions 130

Procurement Solutions Procurement Analytics Procurement Modeling Software 130

Talking Logistics

JUNE 30, 2015

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. As a strategic process, transportation procurement may still seem very tedious and challenging. Allow carriers some flexibility in bidding.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Logility

APRIL 2, 2020

3 Get the metrics right. However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Supplier metrics should be captured about monthly. KPIs are often based on average performance levels. In this case, calculate percentile ranks.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Procurement Academy

OCTOBER 25, 2021

This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility? Choices, choices, choices.

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? The North Star Metric (NSM). Subscribe Here! Email Address.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Supply Chain Shaman

OCTOBER 8, 2019

No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. You’ll also need to procure the most suitable platform for your freight benchmarking needs. 3: Choose Your Comparisons Carefully. 3: Choose Your Comparisons Carefully.

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

EC Sourcing Group

MAY 17, 2023

Spend classification can often go unnoticed, despite its critical influence over successful procurement strategy. Streamlining Procurement Processes: Proper spend classification ensures a structured approach to eSourcing activities.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

GlobalTranz

OCTOBER 8, 2018

Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Some of these, reports Channel Advisor , include: Multichannel fulfillment has an increased cost in comparison to traditional shipping. Setup time.

Shipping 120

Shipping Cost Reduction Strategies Manufacturing Procurement Optimal Sourcing 120

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. The methods of evaluating metrics or developing KPIs vary significantly from company to company. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Talking Logistics

FEBRUARY 18, 2015

If you think about it in terms of Total Cost Management/Spend Management, when you start to talk about things like contract negotiation, having better insight into your spend, and understanding the metrics around it, all of which obviously provides valuable insights and helps you with those negotiations. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Exiger Perspectives

SEPTEMBER 19, 2024

Leading procurement and supply chain tech providers go head-to-head in data-driven fall 2024 vendor ranking WASHINGTON, DC. SolutionMap contains 500+ RFI requirements across 22 procurement solutions with mandatory demos and impartial, anonymized customer ratings. That’s what makes this dataset so powerful.

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Design Software Risk Management Supply Chain Software 52

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

GlobalTranz

NOVEMBER 17, 2016

Transportation modes used in procurement and shipping. Ultimately, performance measurement is a metaphor for tracking any metric in the course of the supply chain , but it's key to being effective is found in transferring the insights gleaned from big data into actionable results. Increasing order efficiency. Demand forecasts.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Logility

OCTOBER 6, 2023

Mansi Arora, Managing Director – Strategy & Consulting, Supply Chain & Operations, Sourcing and Procurement, Accenture, November 29,2022 How does the Logility cloud platform ensure platform stability and scalability? The comparison comes down to fully understanding the total cost of ownership for on-premises systems.

Supply Chain Planning Software 192

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 192

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

SCMDOJO

OCTOBER 7, 2024

Have a look at the brief comparison, listed below: Do you want to know more about costs? Head to our course guide Fundamentals of Systems Costs Our E-Book on Activity Based Costing in Procurement will also help you upskill your knowledge of costing in procurement. Digitization identifies the problem areas and bottlenecks.

Sourcing Strategies 68

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 68

Supply Chain Shaman

AUGUST 16, 2015

While many will compare you to SAP, it is not a comparison. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. Historically, our approaches have been too limited in scope and definition. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

JUNE 15, 2015

Relative Comparison of Best-of-Breed Providers versus ERP Expansionists like SAP/Oracle. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Model fit and speed are essential to plan. The SAP Supply Chain Planning suite of products is not competitive.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

Supply Chain Shaman

JUNE 15, 2015

Relative Comparison of Best-of-Breed Providers versus ERP Expansionists like SAP/Oracle. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management. Model fit and speed are essential to plan. The SAP Supply Chain Planning suite of products is not competitive.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Regular price comparisons and fees evaluations allow finding vendors who offer the best quality to price ratio while staying fit for the end consumers' requirements. When to Work With Vendors. Offer honest feedback and ask for the same.

Manufacturing Procurement 76

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 76

Unleashed

JANUARY 4, 2024

The product sourcing process can include: Market research Product research Vendor procurement Price comparison Supplier negotiations Product sourcing acts as the first and most important step in the successful execution of a business’s procurement strategy. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

New Horizon Supply Chain Blog

JUNE 18, 2022

On the other hand, if you are in procurement at the same company and are responsible for buying milk from dairy farms, the item/store/daily forecast is more detail than you need. The table below shows forecast and actual values and then the calculated mean absolute percent error (MAPE), the most common forecast accuracy metric.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52

Supply Chain Game Changer

NOVEMBER 23, 2018

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. A quality fit can help a procurement team create top-line growth and customer satisfaction. What is SQM? . appeared first on Supply Chain Game Changer™.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Hybrent

MARCH 6, 2019

Electronic Procurement. Software that features customized search, price comparisons, and automatic updates does just that. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Our analysis provides insights into how we have to operate to achieve the outcome, as well as scorecards and metrics that require additional analytical insight.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Hybrent

MARCH 6, 2019

Electronic Procurement. Software that features customized search, price comparisons, and automatic updates does just that. This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. As the baseline for comparison shifts to 2021 results, economic contraction becomes a possibility. Understanding their contribution requires precise metrics and methodologies. of the country's GDP or $2.3

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Purchasing Skills 59

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. Many factors may be used for conducting comparisons.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52