Definition
The practice of comparing an organization’s products, processes, or services against those of another organization recognized for superior performance.
Learn more about Benchmarking
Benchmarks reveal a wide performance gap in the processing of purchase orders. What do top-performing teams do differently?
Differences in how procurement processes are designed and executed can create more than a $4 million cost gap at scale.
Supply chains are expanding the use of AI across functions, and that expansion means more data storage and more computation, which all require more electricity use and potentially more greenhouse gas (GHG) emissions during electricity production.
To ensure precision and efficiency, supply chain organizations look for the right measures to track their performance. These efforts focus on identifying key performance indicators for standard supply chain functions such as planning, procurement,…
To ensure precision and efficiency, supply chain organizations look for the right measures to track their performance. These efforts focus on identifying key performance indicators for standard supply chain functions such as planning, procurement,…
Cybersecurity is vital for supply chains to execute effectively and maintain trust with partners and customers.
Supply chains generate massive amounts of data, and there is no shortage of tools designed to harness that data for better organizational decision-making. Many companies are seizing the opportunity to identify patterns and enhance product quality…
Cybersecurity is vital for supply chains to execute effectively and maintain trust with partners and customers.
Supply chains operate in an environment where disruptions are almost guaranteed. To address this, procurement organizations must leverage all the tools at their disposal to not only anticipate disruptions but also change how they respond with…
So far, this year has been a continuation of 2024 with supply chains facing disruptions and challenges resulting from multiple factors beyond anyone’s control. At the beginning of 2025, APQC wrapped up its 11th annual Supply Chain Management…