APQC

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https://www.apqc.org

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Metric of the Month: Examining Finished Goods Inventory Turns

With supply chains (and the global economy more broadly) upended by COVID-19 in the first quarter of 2020, carefully managing inventory turnover, including understanding the benefits and risks, is vital. It has also become more difficult than ever.

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Closing the Skills Gap in Procurement Part 2: The Solution

With credentialing often falling short of expectations and few universities offering degrees in procurement or sourcing, organizations will need to develop the next generation of procurement talent in-house.

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Closing the Skills Gap in Procurement Part 1: The Problem

The ongoing disruption caused by COVID-19 is only one example of how interconnected and volatile markets are accelerating focus on the function.

Net Promoter Score in Procurement

NPS can be a very effective tool for measuring internal procurement stakeholder loyalty and can help keep supplier relationships healthy as well.

Mitigating Expedited Costs in Logistics

In this article, we break down what organizations spend on expediting orders and focus on strategies that can help keep expedited logistics costs under control.

Metric of the Month: Trends in Structuring Supply Chain Analytics

Faced with vast and ever-growing amounts of data, the number of supply chain leaders that actively turn to analytics for decision making support is growing.

Apple Coffee Computer Desk 356056

Metric of the Month: Examining Finished Goods Inventory Turns

With supply chains (and the global economy more broadly) upended by COVID-19 in the first quarter of 2020, carefully managing inventory turnover, including understanding the benefits and risks, is vital. It has also become more difficult than ever.

Blank Business Composition Computer 373076

Closing the Skills Gap in Procurement Part 2: The Solution

With credentialing often falling short of expectations and few universities offering degrees in procurement or sourcing, organizations will need to develop the next generation of procurement talent in-house.

Ballpen Blur Close Up Computer 461077

Closing the Skills Gap in Procurement Part 1: The Problem

The ongoing disruption caused by COVID-19 is only one example of how interconnected and volatile markets are accelerating focus on the function.

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Net Promoter Score in Procurement

NPS can be a very effective tool for measuring internal procurement stakeholder loyalty and can help keep supplier relationships healthy as well.

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Mitigating Expedited Costs in Logistics

In this article, we break down what organizations spend on expediting orders and focus on strategies that can help keep expedited logistics costs under control.

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Metric of the Month: Trends in Structuring Supply Chain Analytics

Faced with vast and ever-growing amounts of data, the number of supply chain leaders that actively turn to analytics for decision making support is growing.

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10 Important Skills for Future-Ready Procurement Professionals

While no one can know what the future will bring, individuals who actively invest in building their skills in these key areas will be well-prepared come what may.

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Metric of the Month: Benchmarking the Number of Employees in Procurement

Given the critical role procurement plays in an organization, it’s important to keep an eye on the total number of full-time equivalent employees.

Percentage of Total Purchases Procured via Maverick Buying (Figure 1)

Metric of the Month: Maverick Purchasing Means Slower, More Costly Purchases

Maverick purchasing is not the time or cost saver that some people think it is, according to the latest APQC benchmarking data.

Total cost to perform the process group 'manage logistics and warehousing'' per $1,000 revenue

Metric of the Month: Total Cost to Manage Logistics and Warehousing Per $1,000 Revenue

Cost is the most traditional measure of process performance.

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Metric of the Month: How Top Performers Improve Forecast Accuracy in Supply Chain Planning

If forecast accuracy can improve these results, the question then becomes, “How?” Or better yet, what do top performing organizations do differently from others?

Number of Purchase Orders Processed per Procurement FTE (Figure 1)

Number of Purchase Orders Processed Per Procurement FTE

Staff productivity is an important factor in determining the performance of procurement.

Figure 2: Total Cost to Perform the Process Group “Plan for and Align Supply Chain Resources” per $1,000 Revenue

METRIC OF THE MONTH: Total Cost of Supply Chain Planning

Supply chain planning begins with a solid understanding of organizational and business strategy and then translating that strategy into the full spectrum of supply chain planning activities.

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Metric of the Month: Communities of Practice Accelerate Global Collaboration and Learning Across the Supply Chain

APQC offers six tips to involve global players in supply chain communities and ensure all parties feel like valued participants.

Total Cost to Perform the Process “Order Materials and Services” per $1,000 Revenue (Figure 1)

Metric of the Month: Total Cost to Order Materials and Services

A key performance indicator for the procurement process.

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Metric of the Month: Number of Supply Chain Planning Employees

The complex nature of managing supply chain activities, with its multitude of relationships and processes, requires planning—one of the key functional areas of supply chain management.

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Total Cost to Operate Warehouse Per $1,000 in Revenue

Figure 1.

Metric of the Month: Demand/Supply Planning Cost per $1,000 in Revenue

Organizations can reduce planning costs by adopting enterprise-wide systems or policies to standardize supply chain planning, regardless of whether the entire supply chain planning operation is centralized or decentralized.

Metric of the Month: Reduce Scrap and Rework Costs

Even the top performing organizations are not able to get down to zero percent for scrap and rework.

Metric of the Month: Pick-to-Ship Cycle Time in Hours

Top performing logistics organizations, which balance in-house and outsourced activities, have implemented practices, processes and systems that enable them to fulfill orders faster and more completely with lower investments in inventory.

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Metric of the Month: Supply Chain Management Costs Per $1,000 in Revenue

To cut costs, take an outside-in approach.

METRIC OF THE MONTH: Percentage of Purchase Orders Approved Electronically Grows

Automated purchase orders save time and reduce errors in procurement.