You don’t have to be a superhero to achieve supply management excellence. Some of the most effective tactics for supply management improvements are within anyone’s reach. And they can be pulled off quickly and at little or no cost.
“The 100 Greatest Supply Management Tips of All Time” is a free ebook writen by Tim Minahan […]

Successful supply chain management requires the efficient management of a supplier relationships through effective purchasing and supply strategies. The key in developing purchasing and supply strategies is the issue of influencing the balance of power between the company and its key supplers. In 1983,  Kraljic introduced the first comprehensive portfolio approach for the determination of a set […]

According to Aberdeen, the Top 10 Procurement KPIs in use today ranked in order of priority are:

Negotiated cost reduction savings
Implemented cost reduction savings
Percent of total spend under management
Cost avoidance
Procurement ROI (savings/operating costs)
% of suppliers accounting for 80% of spending
Supplier performance (price, delivery, quality, service, etc.)
Contract compliance
Requisition, PO, or invoice transaction volume
Subjective feedback (structured, survey-based)

And more […]