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TOP 10 PROCUREMENT KPIs EVERY SUPPLY CHAIN MANAGER SHOULD TRACK

If supply chain management were a puzzle, Key Performance Indicators (KPIs) would be the essential pieces that help you put it all together. These metrics are your compass, guiding you through the challenging labyrinth of procurement activities. But with a plethora of KPIs out there, which ones...

Sustainable Procurement: Best Practices and Benefits

In an era where sustainability is no longer a buzzword but a guiding principle, the concept of sustainable procurement has taken center stage. Today, we embark on a journey to explore the world of sustainable procurement, shedding light on its best practices and the array...

MANAGE NEW SUPPLIERS IN 5 SIMPLE STEPS

Managing a small number of the same suppliers is relatively easy. But when you have many suppliers, and a steady stream of new ones, things can get tricky. Following is a systematic process for onboarding new suppliers without disrupting engagements with existing partners. Step 1: Develop...

Bundle Service Strategy

First of all, let’s start by explaining what does this commercial strategy mean. Bundling is a marketing tactic that involves offering two or more goods or services as a package deal (consolidation of requirements) for a discounted price, which is negotiated and mutually agreed between...

COVID-19 Pandemic and U.S. Supply Chain Strategy

On January 21, 2021, the U.S. President Joseph Robinette Biden Jr. signed the “Executive Order on a Sustainable Public Health Supply Chain” with the purpose the Federal Government to act urgently and effectively to combat the coronavirus disease 2019 (COVID-19) pandemic.  This order directs immediate...

MANAGEMENT SYSTEM METHODOLOGY – LOGISTICS PLAN (II)

LOGISTICS PLAN OF THE EXPLORATORY WELL PROJECT   1. Concepts. Logistics Chain: the logistics chain is the life cycle of processes encompassing the physical, informational, financial and knowledge flows and is intended to satisfy the needs of the final consumer with products and services from several interconnected suppliers. ...