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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). Below are some key areas where CPI can improve supply chain efficiency: 1. A CPI of 0.83

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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.

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Ivalua Launches Innovations to Improve Supply Chain Resilience and Employee Productivity

ivalua

The release includes a broad set of innovations to help organizations better manage their spend and suppliers. The release also adds or deepens integrations with Ivalua’s growing partner ecosystem to improve decision-making and optimize the purchasing experience for users. Sourcing Innovations: . About Ivalua.

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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.

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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!

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What is a Sourcing Agency and How does it work?

SCMDOJO

Know More About Dante: With over 25 years of professional experience in industrial engineering, operations, and supply chain management, the Business Consultant and Trainer is dedicated to enhancing operational performance for companies in Europe and the Americas. Hire the Expert Now or Start a Chat!

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Business process management (BPM) examples

IBM Supply Chain Blog

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. An effective BPM project employs structured processes, uses appropriate technologies and fosters collaboration among team members.