Remove Contract management Remove Project management Remove supply chain budgeting
article thumbnail

Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What is the Cost Performance Index (CPI)?

article thumbnail

Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. . ProcureWare.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MCIPS vs SCMDOJO Procurement Track

SCMDOJO

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

article thumbnail

The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation.

Risk 130
article thumbnail

Two Types of Procurement: Project Based and Operational!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. The post Two Types of Procurement: Project Based and Operational!

article thumbnail

Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

That includes quite a range of issues now, ranging from climate change and de-forestation to modern slavery or supporting diversity in our supply chains. Putting a simple clause in your standard contract saying, “no slavery please” does not require anything other than the supplier to say “yes”.

article thumbnail

What is a Sourcing Agency and How does it work?

SCMDOJO

Here, the agency seeks to understand the client’s specific needs, budget constraints, and quality standards. Specializing in industrial engineering, lean manufacturing, and B2B sourcing, they work with businesses of all sizes, offering expertise in supply chain processes, continuous improvement, and leadership.

Sourcing 104