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

SCMDOJO

While CPI is normally used within project management and earned value analysis, it has significant application and importance within supply chain contexts, particularly in procurement, logistics and warehousing. indicates cost inefficiency, signaling a need for supplier negotiations or alternative sourcing strategies.

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Complete Guide to the Procurement of Materials

World of Procurement blog

Understanding Material Procurement Material procurement involves several key stages, including the identification of needs, supplier research and selection, value analysis, financing, negotiation, purchase, and inventory control.

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Complete Guide to the Procurement of Materials

World of Procurement blog

Understanding Material Procurement Material procurement involves several key stages, including the identification of needs, supplier research and selection, value analysis, financing, negotiation, purchase, and inventory control.

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7 Supply Chain Cost Saving Ideas from SpaceX

Supply Chain Opz

The simplest yet effective method is called "Value Analysis". 2) Keep product design in-house : Musk knew from the start that the product design is a very critical mission because it dictates type of materials, manufacturing processes and source of supplies. In 1947, Lawrence D. Keeping it in-house makes perfect sense.

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How OLAP and AI can enable better business

IBM Supply Chain Blog

They are seamlessly integrated with cloud-based data warehouses, facilitating the collection, storage and analysis of data from various sources. Customer lifetime value analysis : OLAP helps businesses identify high-value customers and develop strategies to retain them.

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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was.