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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

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7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency. Efficiency in freight procurement allows companies to engage in other value-added work.

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Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

in turn, is a boutique procurement consultancy. The company works hard to meet the demanding requirements for quality, innovation, and cost from their OEM customers. This intermediate step is more related to Procurement and supply chain transparency. Autoliv is the largest supplier of safety systems to the automotive industry.

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The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

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Maximize Ecommerce Supplier Relationships

Ship Monk

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. Establish KPIs that hold both your suppliers and your procurement team accountable. Regular meetings or reports?

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The 3 Pillars of Supply Chain Management (And Why Their Alignment Matters)

Logistics Bureau

For example: Alignment of strategy and cost leads to happy shareholders. From an inventory perspective then, service means maintaining an appropriate level of stock to meet your promises to your customers. Hence it’s critical to balance inventory levels and deployment strategy to meet availability and cost requirements.