Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. DC procurement is also automated by aggregating the needs of the MFCs. So how do companies achieve autonomous planning?

Supply Chain Planning Software 235

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 235

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 274

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 274

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. 2 Identify and get access to the right data sources.

Negotiating Skills 157

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

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

ivalua

JULY 26, 2022

More and more companies are adopting a low-carbon footprint and sustainable approach to procurement, and for good reason. As we review key considerations in the procurement of ESG products and services, there remains a significant disconnect between words and actions. Incentivize Procurement. Everything starts with people.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Cost Reduction Strategies 130

Precoro

AUGUST 26, 2021

Or procurement? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Procurement.

Pricing Training 91

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 91

Silvon Software

APRIL 29, 2022

In an effective KPI strategy, we always recommend that leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell companies how they’ve done. Every inventory KPI needs a clearly defined goal. Ideally, the average time to sell should be as low as possible.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Procurement Cost. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Logistics Viewpoints

DECEMBER 5, 2022

The data from Infor Nexus also helps the transportation teams do better carrier sourcing. These procurement professionals can look at how forwarders and carriers are performing by lane, and what the performance trends are for these partners. That increases the value of the analytics used by the procurement team. Keys to Success.

Agile and Lean Supply Chain 207

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 207

SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.

Optimal Sourcing 88

Optimal Sourcing Course Negotiating Skills Purchasing Skills 88

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir. “In Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

Supply Chain Game Changer

JANUARY 30, 2019

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. This process is called Key Performance Indicator mapping, also known as developing KPIs.

Procurement Analytics 56

Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? The answer is simple: through KPIs. Procurement KPI Categories.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Logistics Viewpoints

DECEMBER 2, 2024

We have all the connected planning data we get from blue Yonder, all of the product data we get from the product systems, all of the shipment information that’s coming in from the carriers, as well as risk information from Everstream and other sources. But it’s not just a visibility platform.

Supply Chain Planning Software 204

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 204

GlobalTranz

JULY 7, 2015

However, technology can be used to turn what seemed as losses into standby sources of revenue. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. Procurement ROI. Supplier defect rate.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. Establish a set of KPIs and set performance targets to measure your progress. . For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Supply Chain Strategy 98

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

Bristlecone

MAY 21, 2021

Did you know that advanced analytics, when used in lieu of traditional statistical models, can help procurement departments increase cost efficiency by 3-8%? [1]. The procurement department of any business generates more data than is humanly possible to compute and comprehend through traditional means. Operational Procurement.

Procurement Analytics 52

Procurement Analytics SAP Negotiate Pricing Procurement Solutions 52

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

Procurement 52

Procurement Supply Chain Network Software Supply Chain Software KPI 52

Proxima

JULY 29, 2022

We’re proud to champion women in the procurement sector at Proxima and are passionate about supporting the careers of the women in the business through every stage of their careers. Prior to joining us, she worked client side leading strategic marketing and communications projects from a procurement standpoint.

Procurement 52

Procurement Supply Chain Network Software Supply Chain Software KPI 52

Silvon Software

APRIL 11, 2024

Here we outline a blueprint for developing an effective data analytics strategy, beginning with the careful selection and assessment of Key Performance Indicators (KPIs), the adoption of a centralized data hub to streamline data management, and a thoughtful, gradual expansion of data capabilities tailored to the organization’s strategic needs.

Predictive Analytics 104

Predictive Analytics Analytics Software Analytics Sourcing Strategies 104

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 83

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 83

QAD

OCTOBER 5, 2021

QAD Analytics provides customers quicker access to KPIs and personalized Action Centers with bulk KPI options to manage more and flexibility in moving analytics data from one environment to another. QAD Sourcing adds new autopilot sourcing capabilities and further automates the source-to-contract process.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. The data you get from this process can be instrumental in making decisions that will strengthen your overall supply chain performance.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Precoro

JULY 16, 2023

We have selected 5 fundamental KPIs that purchasing managers should consider. Performance and Reliability of Contracted Suppliers This KPI is a reflection of how efficiently the company cooperates with the contracted suppliers. It’s important to realize that emergency purchases are bound to happen at some point.

Pricing Training 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

DynaSys

MARCH 17, 2020

Because the company relied on a state-of-the-art DSCP planning system covering the entire S&OP process from demand, production, and inventory through procurement and supply planning, integrated into the corporate global financial plan. Scenario Planning: Absolutely Critical.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Demand Planning Software 93

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. A pull system is better than a push system. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. With our customizable Logistics KPI Dashboard Excel Template , you can obtain a detailed view of your business’s Current Performance versus Target and the Previous Year’s performance.

Purchasing Skills 78

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 78

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

EcoVadis

JULY 28, 2010

1) Why is Sustainable Procurement important for GRUPPO MONTEPASCHI? Sustainable Procurement is one of the significant engagements GRUPPO MONTEPASCHI has in CSR policies. For GRUPPO MONTEPASCHI, Sustainable Procurement is important because we are aware of the impact we can have by changing the way we procure goods and services.

Optimal Sourcing 40

Optimal Sourcing Procurement Analytics Procurement Solutions Sustainability 40

Material Handling & Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. 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.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

NC State SCRC

JANUARY 3, 2025

The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.

Negotiating Skills 52

Negotiating Skills Procurement Analytics Purchasing Skills Supply Chain Planning Software 52

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. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40