GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. 10 Soft Metric Considerations in Measuring Supply Chain Performance. The goal is to keep inventory levels at a minimum to meet customer needs.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. market data, weather forecasts, geopolitical factors, events), and IoT devices (e.g., ERP, CRM, SCM), external sources (e.g.,

Optimal Sourcing 268

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 268

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

Supply Chain Shaman

SEPTEMBER 28, 2022

Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. In this volatile world, efficient procurement led by a CFO is not the answer. Business continuity is the overarching issue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

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

ThroughPut

JULY 24, 2024

If you’re a supply planner or procurement professional, you’re all too familiar with the challenge of coordinating multiple suppliers, each with different lead times. This metric will identify and address any patterns of delays. Monitoring these metrics helps you identify patterns and address issues before they escalate.

Risk Management 52

Risk Management Supply Chain Planning Software Optimal Sourcing Analytics Software 52

Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Being prepared allows for efficient and timely execution of procurement functions.

Manufacturing Procurement 78

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 78

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 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

Supply Chain Movement

AUGUST 31, 2016

eWorld Procurement & Supply. Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives.

Procurement 60

Procurement Internet of things Supply Chain Software Supply Chain Network Software 60

Supply Chain Movement

FEBRUARY 2, 2016

eWorld Procurement & Supply. Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement.

Procurement 60

Procurement Internet of things Supply Chain Software Risk Management 60

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

Supply Chain Movement

AUGUST 31, 2016

The procurement Summit 2016. Organization: Revolution Events. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Procurement Internet of things 60

Procurement Academy

OCTOBER 8, 2024

London, UK – October 8th 2024 Skill Dynamics , the leading provider of role-based, practical eLearning for procurement and supply chain teams, is proud to announce the publication of its highly anticipated Skills Report 2025.

Buyer Training 52

Buyer Training Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 52

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 Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Logility

AUGUST 25, 2020

Each of these events was completely devastating to the company concerned. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. SCOR Level 1 Metrics are good examples of measures that have longer-ranging focus. The common thread? SCOR Attribute.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

QAD

MAY 23, 2024

Our proficiency extends across several critical areas including demand planning, distribution planning, production planning and scheduling, and procurement planning. This entails a thorough analysis of historical data, taking into account product life cycles, and adjusting for outliers or one-off events.

Beverage 91

Beverage Scenario Planning Supply Chain Planning Software Food 91

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

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. The event is designed for extreme networking.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. Inflation, pandemics, railway strikes, adverse weather events – the supply chain disruptions keep on coming. Nari Viswanathan is currently Sr.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 261

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

QAD

OCTOBER 24, 2023

As a result, it’s difficult to discover qualified suppliers, effectively collaborate with suppliers and quickly respond to unexpected supply events. Essentially, this information sheds light on your company’s procurement patterns rather than the qualities of the suppliers themselves.

Supplier Management 98

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 98

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. From interviews, I believe that it was a combination of leadership and metrics alignment. The result?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Logistics Viewpoints

JUNE 1, 2021

During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

Inventory Management Software 210

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 210

Logility

AUGUST 15, 2023

It offers unparalleled visibility, traceability, and disclosure – the true essence of each product’s journey from origin to delivery,” says Vethuizen at this year’s inNOWvate Supply Chain Event. The platform’s ability to aggregate these metrics into a cohesive sustainability score offers a nuanced evaluation of supplier practices.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

Supply Chain Planning Software 92

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 92

GlobalTranz

OCTOBER 6, 2021

Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 277

NC State SCRC

JULY 14, 2024

Recent disruptions such as the Texas Polar Vortex that impacted resin markets , the North Carolina tornado which impacted pharmaceutical supply chains , and other events have raised increased concerns about the impact of such disruptions on supply networks. Their Chief Procurement Officer had this to say about the tool.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Pharmaceutical 59

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Supply Chain Planning Software 52

Jaggaer

OCTOBER 24, 2024

A dedicated supplier portal connecting buyers and suppliers can provide a basic communication venue. Beyond this are more challenging activities such as complex eSourcing events. They help address underperformance with targeted metrics, discover opportunities for cost savings, and refine strategic planning for future sourcing strategies.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Prescriptive Analytics Software Supply Chain Design Software 52

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

EC Sourcing Group

JULY 26, 2022

Analytic techniques include data mining, eSourcing software , semantic analysis, complex event processing, predictive modeling, and other business data examinations. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Jaggaer

OCTOBER 24, 2024

Leveraging advanced analytics : You can use analytics to identify top-performing suppliers as well as address any issues based on supplier performance metrics. You can also gain awareness of events like unexpected weather changes or supplier factory mishaps and take action to mitigate the impact. Integration is another challenge.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52