Contract management Supplier negotiation Supply Chain Analytics 
SCMDOJO
FEBRUARY 26, 2025
indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies. Benefits of Using CPI in Supply Chain Operations Early Identification of Cost Overruns: CPI helps businesses identify cost inefficiencies before they escalate, enabling corrective action. A CPI of 0.83
SCMDOJO
APRIL 29, 2024
Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. This involves supplier selection, negotiation, and contract management to ensure timely and cost-effective procurement.
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