Key Performance Indicators (KPIs)

9 Benefits of Supplier Performance Management Software

Posted: 05/06/2022 - 09:00
Author: Sam Jenks
Procurement professionals are concerned with addressing supplier performance management.

About 65% of innovations are sourced through external suppliers and partners (ISM). This makes supplier and partner contributions to a supply chain’s production and profitability rather pivotal. 

Put into simple math: Good supplier performance = good supply chain performance.

Supplier performance management (SPM), when done right, can help your procurement organization to harness supplier performance and innovation to positively impact your business’ top-line value creation. 

How Outsourced Maintenance KPIs Deliver In-House Success

Posted: 12/06/2021 - 23:04
Author: Curtis Van Buskirk
For facility managers interested in outsourcing, a facility services partner can bring the right mix of expertise, scalability, and network of advanced resources and equipment.

Most everyone relies on daily performance indicators to measure the quality of tools and assets, from large-scale business KPIs such as monthly foot traffic to the personal performance results like the battery life of headphones. While the wrong outcome can be frustrating in any scenario, weak performance in a facility can diminish critical ROI.

Crafting a KPI Playbook to Enhance Supply Performance

Posted: 04/14/2021 - 09:00
Author: William Crane
Crafting a KPI Playbook to Enhance Supply Performance

As Peter Drucker famously said, “If you can’t measure it you can’t manage it.” Today, technology tools enable real-time collection and analysis of near endless amounts of big data throughout the value chain. This, coupled with our exponentially growing data, offers an exciting new frontier for which the supply chain is uniquely positioned to unlock hidden waste.

7 Tips to Shape the Future of Supplier Diversity in the Enterprise

Posted: 04/06/2021 - 09:00
Author: Purvee Kondal
7 Tips to Shape the Future of Supplier Diversity in the Enterprise

My last article was an overview of how large enterprises have historically approached supplier diversity initiatives and why they have underperformed.

This article will focus on ways the enterprise can improve diverse supplier inclusion, selection and support practices. I recommend that teams consider leveraging some of these tips best fitting for their respective organizations.

Leaving Indirect Spend Unmanaged Means Dollars Left on the Table

Posted: 06/12/2019 - 01:35
Author: Johan-Peter Teppala

For organizations looking to identify cost savings, increase profitability and get a leg up on the competition, indirect spend management is an ideal place to look. Often considered the backend of procurement – involving expenses like IT services and equipment, professional services, office supplies and HR services – indirect spend actually accounts for a significant portion of overall spend.

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