Supply Chain Shaman

OCTOBER 6, 2013

When this happens, there is greater balance between metric trade-offs and resiliency in year-over-year improvements in corporate performance. I do not think that this will happen through the repurposing of indirect procurement networks (e.g., In our training, we try to build it down and combine the research with experiential exercises.

Supply Chain Network Software 225

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 225

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 82

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 82

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Communication of this kind will prevent any procurement delays. Metrics such as rework rates or defective products help you understand how well your operations are working.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

Talking Logistics

JUNE 2, 2016

This begets the need to set the overall strategy for the divestment by way of an exercise, called “capability scoping.” This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

Logistics Bureau

APRIL 4, 2022

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. What Are Your Freight Benchmarking Options?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

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.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Material Handling & Logistics

DECEMBER 14, 2018

The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation. to anticipate conditions that signal an emerging demand spike.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Game Changer

JUNE 23, 2020

This fact finding exercise should also include inputs from competitors, from other industries, and from all of your stakeholders. How did people manage through the situation? How did every node of the Supply Chain fare? What was the experience in every channel? What did customers and suppliers go through?

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Strategy 101

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 60

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 60

Supply Chain Shaman

FEBRUARY 25, 2016

The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. This is the world view of finance and why there is so much friction between procurement and finance. Let’s start by addressing the barriers. Barrier #1. Inside-out Thinking. It is not sufficient.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

Taulia

NOVEMBER 2, 2020

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. Two KPIs are better than one Often, companies only look at one of these two metrics – but in practice, it is important to measure progress in both of these areas.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

Supply Chain Game Changer

SEPTEMBER 12, 2022

But the more intellectual exercise is to figure out what happened to create those problems in the first place. The company had hired a new Chief Procurement Officer. Without this level of planning there were broken processes, missed metrics, customer delivery problems and financial losses.

Supply Chain Software 83

Supply Chain Software Supply Chain Planning Supply Chain S&OP 83

Supply Chain Game Changer

NOVEMBER 9, 2018

One of the top New Year’s resolutions is to start exercising. When I would ask the facilities for some summary of metrics showing progress the results were very inconsistent. Lack of Metrics and Reporting. If your organization has no standard set of metrics your Lean program has room to improve. All Rights Reserved.

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Lean Six Sigma Optimal Sourcing 55

Supply Chain Game Changer

JANUARY 12, 2021

Examples of fraud opportunities at all stages of the Supply Chain are enumerated by esourcingwiki.com.

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 57

RFgen

DECEMBER 8, 2015

Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Supply Chain 24/7 suggested performing procurement exercises at the same time each year to create a sample of how operations function in similar climates. Create Seasonal Information.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

RFgen

DECEMBER 8, 2015

Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Supply Chain 24/7 suggested performing procurement exercises at the same time each year to create a sample of how operations function in similar climates. Create Seasonal Information.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Logistics Bureau

OCTOBER 19, 2020

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Good Data is Key to Success with SCOR. Sometimes it’s Good to Look Inward Too. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. It also exposes a massive opportunity for sustainability to lead the pack.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Map all supplying sites. Measure water usage at all supplying sites.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

NC State SCRC

FEBRUARY 13, 2021

The index will rely on existing data that illustrate factory conditions, producing a simple and objective indicator, allowing consumers to exercise informed ethical buying behavior in the apparel market. The EAI will provide a third-party metric to generate marketing media (e.g.,

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

DynaSys

JANUARY 19, 2022

Promotion Planning success depends upon: When embarking on a promotions planning exercise, there are several dimensions of the planning process that should be considered. The correct metric to measure promotions activity depends on the promotions strategy. It all starts with a comprehensive promotion plan.

Supply Chain Planning 52

Supply Chain Planning Scenario Planning Supply and Demand Material Savings 52

Proxima

MAY 2, 2020

If strategic sourcing creates value and transactional procurement locks in that value, then we know that a critical part of strategic category management is not only value creation, but an end to end understanding of the total cost of ownership. Quite simply, we know them better, and that helps us to anticipate.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Training Sourcing Strategies 52

ThroughPut

AUGUST 8, 2024

Mitigation of Procurement Lead Time Risks Proactive strategies like demand forecasting, safety stock optimization, and supplier collaboration help mitigate lead time impacts, maintaining stock availability and ensuring seamless operations. Order fulfillment time: Like the fill rate, this metric directly impacts customer satisfaction.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

EcoVadis

APRIL 18, 2017

In the recently released EcoVadis/HEC Sustainable Procurement Barometer , 97% of organizations surveyed consider sustainable procurement important or critically important. It is clear that mass adoption of sustainable procurement has arrived. Why not just follow the process used to gather other data from suppliers?

Survey 40

Survey Resource Reduction Material Savings Vendor Strategies 40

Logistics Bureau

OCTOBER 10, 2024

Fortunately, it’s common for product families to share similar velocity metrics. Using Throughput Velocity as a Basis for Slotting The pace at which products move out of the warehouse is the metric that logistics managers typically prioritise in a slotting project. And remember that you don’t have to slot everything.

Warehousing 61

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 61

6 River Systems

JUNE 29, 2020

Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.” ’ “For example, supply chain leaders and their teams can conduct a scenario planning exercise and develop action plans. ” — Michael Varney and Wil G.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Logistics Bureau

SEPTEMBER 25, 2016

It will also show you the metrics at which those companies excel along with their actual results, giving you the ability to set a new, higher target. By doing so, you will be able to identify metrics highlighting where and how the best supply chains excel, and use those same metrics to measure your own supply chain improvement.

Benchmarking 40

Benchmarking Supply Chain Planning Agile and Lean Supply Chain Supply Chain Strategy 40

Taulia

MARCH 22, 2023

Historically, treasury and procurement professionals tended to have very different perspectives on the benefits and risks of different working capital initiatives. This exercise should be conducted in lock-step with AI to determine the most appropriate APR to offer suppliers. The use of AI can help overcome these issues.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Vendor Strategies Forecasting Software 52

Logistics Bureau

AUGUST 1, 2022

The need for any S&OP process to have an executive sponsor who actively participates in the process, albeit only by exercising final approval over plans and, of course, making any decisions that call for executive authority, cannot be overstated. The Executive Sponsor. Delivered on time and in full (DIFOT). Supply chain cycle times.

Supply Chain Planning Software 95

Supply Chain Planning Software S&OP Supply Chain Planning Scenario Planning 95

FourKites

JANUARY 7, 2021

They invest in new technologies and data-driven processes that allow them to exercise precise control over the business. Understand their challenges and collaborate with them to achieve mutual goals and success metrics. Emphasize communication with customers and keep them informed of what’s going on.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Modeling 52

Logistics Bureau

JULY 27, 2016

However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. 5) When you are on top of supplier performance, you can make procurement and purchasing decisions which are better informed. Why is this a mistake?

Vendor Strategies 40

Vendor Strategies Resource Reduction Waste Reduction Inventory Reduction 40