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Does a 2008 answer to a question on “optimization modeling” still stand in 2024?

Procurement Insights

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?

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

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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Gartner Global Supply Chain Top 25: Solution Providers – Choose Your Clients Wisely!

Procurement Insights

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].)

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Is Cisco Really Driving 21st Century Supply Chain Innovation? (Revisiting the 2007 Cisco Post in 2023)

Procurement Insights

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.”

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Melissa Drew on Fast Talk, AI, and Closing the Gender Gap in Supply Chain

Let's Talk Supply Chain

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.

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1998 to 2007 to 2024 DND, Virginia and Colgate-Palmolive’s Timeless Formula For Digital Procurement Success

Procurement Insights

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!

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What does a 2015 article have to do with Hershey’s 2025 acquisition of LesserEvil for $750

Procurement Insights

There is more to e-procurement than software (Part 2) see the link in the Web Resources Section. Under the heading Candy and supply base synchronization, I wrote the following: How important is effective internal collaboration? The end result was a territorial struggle that manifested itself in a divided supply base.