SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred. Check out the Procurement KPI Dashboard now!

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Procurement Insights

MARCH 1, 2024

In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficiencies originating on the front lines. This is the cornerstone of agent-based modeling. Delivery performance and product quality also improved dramatically.)”

Procurement 87

Procurement Supply Chain Efficiency Buyers Quality 87

Procurement Insights

MAY 27, 2024

Here is the paragraph: “Back in 2002, Greg Brady , a supply chain visionary, and Ranjit Notani , a pioneer in multi-enterprise collaboration technology, came to the conclusion that the traditional paradigm of business-to-business collaboration built around enterprise-centric software was fundamentally flawed. ” 30

Real-time Visibility 81

Real-time Visibility supply chain software solutions Supply Chain Efficiency e2e 81

Procurement Insights

DECEMBER 13, 2024

1999 Revisited (Video) – Real Agents Leveraging AI GEP Autonomous Agentic AI Agents (High-Level Summary) GEP is set to revolutionize procurement and supply chain operations by introducing autonomous AI agents into the Source-to-Contract (S2C) and Procure-to-Pay (P2P) processes.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Supplier relationship management 59

Supply Chain Collaborator

MARCH 17, 2015

The short version is that 2014 came darn close (with 86 trucking and logistics companies acquired) to beating the record of 90 acquisitions set in 2007. To a lesser degree, there have been financial acquisitions too wherein investment companies seek to capitalize on the high demand and low supply of drivers.

Logistics 68

Logistics Buyers Supply Chain Efficiency Influencing 68

Procurement Insights

OCTOBER 26, 2023

I am talking about a fully interactive, intuitive chatbot through which 90 percent of everyday procurement work can be effectively and efficiently managed. Maverick spend was not the result of obstinate buyers refusing to use the “new system.” This disconnect meant that other measures had to be taken. Back To Square One?

Change management 69

Change management Management Contract Buyers 69

Procurement Insights

NOVEMBER 23, 2023

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002).

Suppliers 72

Suppliers Buyers Risk management Supply Chain Optimization 72