Purchasing & Supplier Analysis
Stratum gives you a clearer understanding of your purchasing and vendor performance. As a result, you’ll be armed with the information you need to …
- Minimize vendor risk
- Maximize your supplier relationships
- Manage material costs
- Leverage your supplier information to negotiate better contracts.
Download Stratum Supplier Analysis & Performance Management Brochure
The Definitive Guide to Defining & Delivering Effective Key Performance Indicators (KPIs)
If you're looking to gain more knowledge about the meaning of Key Performance Indicators (KPIs), the value they can offer to your business, how to plan and collaborate around them and so much more, download our recently published guide to KPIs.
Relevant Supplier Analysis & Performance Management Articles
Improving S&OP with Forecasting Analytics & Business Intelligence
Sales and operations planning (S&OP) is a consensus-based communications process that provides insight and control over a company’s supply chain decisions. While a manufacturing organization can have an S&OP process in place, though, it can still have issues aligning demand and supply effectively. Advanced forecasting technologies and processes are needed to improve that alignment. This article quickly explores those technologi…The Value of Linking KPIs with KRIs
In today’s post-COVID era, emerging risks will continue to impact many areas. Government, healthcare, and pharmaceuticals will likely maintain a focus on strengthening their …
Using Analytics To Address Supply Chain Challenges
Supply chain challenges stemming from the pandemic and other global events continue to plague manufacturing and distribution companies. Logistics disruptions, production delays, an over reliance on…
How Manufacturers Are Capitalizing On Sales Metrics & KPIs
In today's dynamic business environment, a well-designed sales analytics program can easily become a competitive advantage for manufacturers by allowing them to quickly adapt to changing market conditions, trend…
28 Procurement KPIs That Optimize Supplier & Buyer Performance
The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. Procurement is one cor…
Why You Can't Be Successful with Your Sales & Operations Analysis Using Excel or Power BI Alone
There’s no doubt. Power BI is powerful. It’s highly visual. And on a self-service level, it packs a real punch in letting business analysts and other advanced users build simple reports and visually appealing dashboards from live data sources. Excel’s a real powerhouse, too, and not surprisingly …
Supply Chain Dashboards - Key Metrics For Manufacturers
As I mentioned in my previous post, Sales Dashboards - 16 Metrics for Manufacturers, a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and othe…
Why a Modern Data Hub is Crucial for Visualization and Other Analytic Tools
There’s a lot of interest in data visualization tools right now, and rightfully so. These products make it very easy for business analysts and others to create eye-catching dashboards that highlight key business performance information. However, the am…
KPIs That Purchasing Executives Need
Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble.
There are many valuable metrics that can help you better assess your company…
Value of Analytics for Wholesale Distributors
Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. It’s only those distributors who use the data to reveal where the inefficiencies are (and then act on fixing these problem areas) that truly thrive. Thanks to…
Using Data To Align Your Sales and Supply Chain Teams
Ensuring that your sales and supply chain teams are in sync is one way that you can enhance the customer experience. However, this does pose some challenges because the end goals of these teams don’t always match. This challenge is further compounded by the global nature of many …
Operational Analytics: The Benefits Are BIG For Manufacturers
Recent benchmark surveys of C-level executives at manufacturing businesses indicate that the focus of business analytics is shifting from customer insights to analyzing (and driving improvements in) operational performance.
As a matter of fact, research shows that …
5 Attributes Of An Effective KPI System
In my two most recent blog posts on Key Performance Indicators, I covered The Basics of KPIs and Why Non-Financial Metrics Matter and How t…
Defining KPIs That Are Optimal For A Manufacturing Business
Defining effective Key Performance Indicators (or KPIs) that are optimal for a manufacturing business doesn’t have to be difficult so long as you realize what information will and won't help you determine how your company is meeting its goals and objectives, and that yo…
KPIs: The Basics & Why Non-Financial Metrics Matter
Key Performance Indicators (KPIs) provide an organization with a high-level snap-shot of the health of the business through a set of agreed-upon measures that reflect progress toward the achievement of corporate goals. They give executives and managers the ability to focus on what matters most to the …