Procurement Insights
NOVEMBER 4, 2024
Member Question: Have you been able to utilize simulation or optimization modeling to solve a demand-side supply chain problem? Monte Carlo) used to determine supply chain optimization. In the meantime, I have included a link to the 2007 Supply Chain Digest article. If so, what was it?
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!
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Procurement Insights
FEBRUARY 7, 2024
Check out the three case references below to learn about the common thread of success over the past quarter century: 1998 – Department of National Defence – Are you chasing solutions or solving problems? Part 1 of 3) 2007 – Commonwealth of Virginia’s eVA – Yes Virginia!
Procurement Insights
NOVEMBER 26, 2023
EDITOR’S NOTE: This post was originally published in the Procurement Insights blog on December 3rd, 2007 – almost 16 years ago. Recognizing “the challenging piece” is linked” to understanding “the kind of interaction you want to resolve with customers and supply chain partners.”
Procurement Insights
MAY 25, 2024
As a result, they avoided the trap of eVA becoming a software project, as Bob put it, and were thereby able to shift the emphasis from an exercise in cost justification to one of process understanding and refinement. There is more to e-procurement than software! By the way, here is the link to the eVA site: [link].)
Let's Talk Supply Chain
JULY 27, 2022
With a decade hallmarked so far by constant disruption, consumers are more aware of supply chain and how industry shortages , the gender gap in supply chain, and climate events impact their daily lives and local communities. A term that once only resonated with industry insiders is everywhere.
Procurement Insights
FEBRUARY 23, 2025
2007 – Dangerous Supply Chain Myths Revisited (Part 7): Enabling Technology The Emergence of theMetaprise Discussion Excerpt: “In August 2003, the new technology successfully went live in a production environment for the DND. ProcureTech Investments: Market Growth: The procurement software market was valued at $8.65
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