Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In times of uncertainty, cash is king.

Optimal Sourcing 237

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Unleashed

JULY 2, 2024

It’s a function of procurement that plays a vital role in effective supply chain management, ensuring optimal stock levels are achieved by balancing purchasing with accurate demand planning. Streamlined procurement processes and clear communication facilitated by purchase order management save time and reduce administrative burdens.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Pricing Training 52

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). . We are discussing them.

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Logistics Bureau

MAY 2, 2016

In this post, I want to share 6 tenets adhered to by certain companies which in my experience, make them stand out as exceptionally good educators and consequently, as employers that have little problem attracting and retaining high quality supply chain talent. Supply Chain Education is Not Owned By the HR Department.

Education 40

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EcoVadis

FEBRUARY 28, 2018

With the supply chain representing 50 to 70 percent of a company’s sustainable footprint , implementing sustainable procurement practices is the most effective method for making real progress toward sustainability. There are a few steps to keep in mind when implementing a sustainable procurement program.

Electronics 63

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Procurement Academy

JUNE 26, 2024

Supply chain and procurement leaders are continually tasked with planning an eLearning project. We’re dedicated to empowering procurement and supply chain teams to be successful in their roles, and our eLearning courses offer a scalable and affordable way to upskill your team through tailored supply chain management education.

Supply Chain Planning Software 52

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EcoVadis

SEPTEMBER 4, 2019

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . The fact that leaders are successfully implementing these policies and tools show how critical they all are for driving higher levels of sustainable procurement performance. .

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EcoVadis

SEPTEMBER 12, 2019

Executive commitment to sustainable procurement is at an all-time high, but several roadblocks continue to impact organizational ROI. Nearly half of procurement organizations (45 percent) indicated they only have visibility into tier-1 suppliers. The roadblocks are limiting sustainable procurement value and ROI.

Optimal Sourcing 40

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Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. It begins with Education and Certification. (Infographic). Stuck in the Mechanics.

Supply Chain Design Software 92

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NC State SCRC

SEPTEMBER 15, 2017

Although RACI “charts” are often viewed as irrelevant and bureaucratic, they can provide an important clue regarding the “decision-rights” for procurement and contracting decisions. This is particularly true for sales people.

Optimal Sourcing 40

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NC State SCRC

SEPTEMBER 13, 2016

This month’s Inside Supply Management published by the Institute for Supply Management features an article announcing the launch of a study being undertaken by the Center for Advanced Purchasing on the evolution of procurement analytics. Supplier analytics, technology trends, risk metrics, social media, open source data, etc).

Procurement Analytics 40

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Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 60

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SCMDOJO

APRIL 11, 2023

At a Glance: We’ll be discussing some of the best supply chain management online courses from around the world from some of the most renowned platforms in education and supply chain, including SCMDOJO, CIPS, Coursera, MITx etc. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection.

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ivalua

FEBRUARY 24, 2021

But procurement organizations often fall into the trap of focusing on short-term cost reduction strategies, and in doing so, fail to reap the benefits of strategic supplier relationships. In some organizations, this task belongs to Procurement, and in others the responsibility lies with the AP team. Inquiry about payment status?

Cost Reduction Strategies 130

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Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background. Investment in control towers.

Supply Chain Design Software 195

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Unleashed

JUNE 11, 2024

Businesses with a large budget and limited time for software procurement and training. These factors make ERP software a popular choice for large enterprises in the manufacturing, logistics, education, and healthcare sectors – particularly at the national or multinational level. Who is MRP best for?

Manufacturing Procurement 52

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Elementum

FEBRUARY 7, 2024

Procurement: Automation streamlines procurement, from supplier selection to purchase order processing, improving speed, compliance, and cost efficiency through intelligent analysis. Metrics such as processing time, error rates, and customer satisfaction levels serve as performance indicators.

Optimal Sourcing 78

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SCMDOJO

MARCH 19, 2024

It can be used to educate clients on the importance of transparency in the supply chain. The success of the emails can be tracked through metrics such as bounce, click-through, and conversion rates. Content Marketing for Supply Chain Visibility Content marketing focuses on content that attracts and retains a clearly defined audience.

Supply Chain Visibility 98

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ThroughPut

APRIL 30, 2024

Together these capabilities facilitate better demand forecasting and planning, inventory management, procurement, and logistics, and augments visibility across the supply chain – far better than any technology or human has managed to do till date. The platform primarily helps predict demand and improve customer experience.

Supply Chain Planning Software 52

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GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Elementum

MAY 17, 2018

It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. Talent shortage in the supply chain industry is not a problem that can be solved overnight.

Supply Chain 60

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ToolsGroup

MARCH 1, 2016

The reading audience is global, and spans a wide variety of roles: procurement, supply chain strategy and planning, product management, logistics and transportation, customer service, and others. We talked to Bob to see what we might learn from that experience. What is the makeup of your blog audience?

Supply Chain Planning Software 120

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Supply Chain Shaman

JANUARY 2, 2023

This enables the modeling of channel data along with order and shipment data to drive a role-based view for finance, promotion planning, manufacturing planning (along with S&OP), transportation planning, and procurement. The root issue is functional metrics. Use this discovery to help educate the team.

Supply and Demand 376

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Supply Chain Shaman

MAY 7, 2015

The company that plays to win does not strive to have the best manufacturing costs, or the best procurement practices; instead, the team focuses on winning together cross-functionally on a commonly held portfolio of metrics. It requires education of the organization and a strong leader that can orchestrate functional targets.

Sourcing Strategies 150

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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?

Supply Chain Planning Software 190

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Elementum

FEBRUARY 8, 2016

It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. Talent shortage in the supply chain industry is not a problem that can be solved overnight.

Supply Chain 60

Supply Chain How To Manufacturing Procurement Buyer Training 60

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it.

Cost Reduction Strategies 100

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SCMDOJO

JULY 24, 2023

It boasts excellent infrastructure, including well-connected harbors, well-educated people, and multilingual capabilities, making it an international logistics hotspot. SLAs should cover key metrics such as on-time delivery, order accuracy, inventory accuracy, and customer service responsiveness.

Logistics Network Optimization Software 98

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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

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SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). What synergies exist between us? (

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SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Map all supplying sites. Measure water usage at all supplying sites.

Supply Chain Planning Software 52

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ShipBob

NOVEMBER 24, 2021

Optimizing procurement of inventory by improving vendor relationships, performance, and lead times. Individual employers will vary on the level of experience and education required. . Track key supply chain metrics. Tracking important metrics is the key to fulfillment process improvement.

Optimal Sourcing 52

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Precoro

AUGUST 15, 2022

ERP or enterprise resource planning is software companies use to automate core business processes and integrate their functions, such as accounting, project management, procurement, and supply chain operations, into a single system. These systems are hard to use , which makes the procurement process overcomplicated and inefficient.

Supply Chain Planning Software 52

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GlobalTranz

DECEMBER 29, 2014

This is why, for Cerasis, it is KEY for us to educate you on this practice of reverse logistics, because this flow of logisitcs will only increase over the coming years. Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply. Read the Full Post.

Logistics Network Optimization Software 243

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Supply Chain Game Changer

NOVEMBER 16, 2018

In the situation I was in there were obviously no metrics that were being reviewed and used. There are many metrics that are very helpful including: Cash dollars and days of supply. You need a clearly defined set of metrics that are measured and reviewed regularly. Accounts Receivable dollars, days of supply, and past due.

Procurement Analytics 53

Procurement Analytics Inventory Reduction Metrics Forecasting 53

EcoVadis

JULY 11, 2016

This workshop brought together Global Compact LEAD companies and other members convened to define and bring urgency to sustainable procurement, and to discuss how they can motivate and mobilize their companies to address this next frontier in Corporate Social Responsibility (CSR) progress.

Procurement Analytics 40

Procurement Analytics Sustainability Pharmaceutical Supply Chain Strategy 40

SupplyShift

MAY 27, 2021

Elevate the Role of Procurement. Procurement professionals’ position of leverage with suppliers gives them a unique ability to normalize sustainable procurement practices and redefine global supply chains. On Procurement and Engagement with Small Suppliers.

Resource Reduction 52

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