The Logistics & Supply Chain Management Society

JULY 16, 2023

Halal risk management practices of most companies are passive, meaning it is limited to the compliance of suppliers and their own (manufacturing) operations based on the requirements of the halal certification body and their halal standard(s). On the other hand, halal risks in the entire supply chain are not on their radar screens.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

ToolsGroup

OCTOBER 3, 2022

With reports of retail layoffs and overstaffing at companies (such as Walmart and Amazon) to cover Omicron-related staffing shortages, it would appear the shortage of workers may be abating. As per a recent report by CNBC , the labor department in the United States has 5.5 Source: Bloomberg.com. Where Are All the Retail Workers?

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Supply Chain Shaman

AUGUST 12, 2020

The topic of the meeting was the logistics to launch of the AMR Research Top 25. When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. The focus on functional costs without a focus on total cost trade-offs is deadly to margin management. The reason? The result?

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logistics Viewpoints

NOVEMBER 23, 2020

Ronan Stephens, the Senior Vice President of Supply Chain Management and External Manufacturing, explained how the company set out on a journey to improve customer service while also reducing costs. Manufacturing would not have been able to respond to that kind of event for two months. “We

Supply and Demand 193

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 193

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. MRO inventory can account for a sizeable portion of a business’ total procurement spend.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. Both of these elements play a pivotal role in determining the amount of cash available.

Inventory Reduction 80

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 80

Logistics Bureau

NOVEMBER 16, 2020

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Financial losses or declining profitability certainly make cost cutting a priority. And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. And the reality is that Supply Chain must be cost-effective. Promoting Supply Chain Value.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. We relay on guest bloggers and the expertise of others for manufacturing best practices.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Talking Logistics

JUNE 27, 2014

Several reports have been published in recent years underscoring the growing importance of supply chain risk management. According to a study conducted by the National Association of Manufacturers (NAM) and the National Retail Federation (NRF), a 10-day stoppage would reduce GDP $2.1 April 2014 North American Freight Numbers.

Logistics Network Optimization Software 141

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Negotiating Skills 141

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Oracle SCM

JULY 12, 2017

As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supply chain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Unleashed

MARCH 6, 2024

Some tips for using supply chain agility to manage compliance challenges: Conduct regular assessments of the legal and regulatory landscape in the markets where you operate or source from and identify potential changes or challenges that could affect your supply chain. An agile supply chain is flexible, adaptable, and resilient.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 345

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 345

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. However, commonly used KPIs used by supply chain executives are usually focused on logistics performance (e.g., 8) Arnold Maltz , Associate Professor at W.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

BlueYonder

JULY 25, 2017

The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies. 3PLs are Facing Capacity and Cost Pressures. The Percentage Gap. How JDA Can Help.

Third Party Logistics 43

Third Party Logistics Modeling 3PL Modeling Software 43

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 139

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 139

BlueYonder

JULY 25, 2017

The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies. 3PLs are Facing Capacity and Cost Pressures. The Percentage Gap. How JDA Can Help.

Third Party Logistics 40

Third Party Logistics Modeling Modeling Software 3PL 40

ToolsGroup

APRIL 1, 2022

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Material Handling & Logistics ). Material Handling & Logistics ). Source: Consultancy.UK. Image source: Fortune. Chain Store Age ). Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Opz

OCTOBER 5, 2016

Track public policy development on Pew Research Center At Pew Research Center, you can browse the report related to public policy published since 1983. The report itself is so comprehensive and full of useful data and charts. Resource: Logistics Performance Index 8. Need more analytics power? Resource: ArcGIS Open Data 5.

Resource Reduction 124

Resource Reduction Resources Supply Chain Planning Software Supply Chain Software 124

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 180

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 180

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

RFgen

APRIL 28, 2023

After all, labor cost strategies are directly tied to business success. At CarlisleIT, manual warehouse transactions equated to delays and inaccurate reporting. In fact, 70% of Digital Inventory Report participants use technology solutions to streamline efficiencies, resulting in labor and carrying cost savings over time.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Expense Reduction 52

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. Decreasing Fuel Consumption through Route Optimization .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Logistics Bureau

APRIL 8, 2016

If not, this might be the right time to invest in a suitable (IT) solution, because these data will change and you will need them again to maintain and consolidate cost savings later. To get an idea of the return on such an investment, consider these figures from Benchmarking Success. The same idea can be applied in other sectors too.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Expense Reduction 40

ThroughPut

JUNE 24, 2022

Mounting expectations of supersonic speed and efficiencies between suppliers and business partners of all types further underscores the need for the industry to leverage the prowess of the Artificial Intelligence (AI) in supply chains and logistics. AI can also analyze workplace safety data and inform manufacturers about any possible risks.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Logistics Viewpoints

MARCH 11, 2022

The Danish manufacturer saw sales begin to surge as consumers gravitated towards their building sets, which come in a variety of shapes, sizes, difficulties, and characters. And now on to this week’s logistics news. XPO Logistics to spin off freight brokerage. CEVA Logistics using self-driving trucks to move freight.

Fort Worth 190

Fort Worth Logistics Network Optimization Software Oklahoma City San Antonio 190

6 River Systems

APRIL 23, 2019

The world of logistics is increasingly driven by technology , with artificial intelligence, big data, the Internet of Things (IoT) and automation among the biggest logistics trends today. Paul Trudgian owns and manages Paul Trudgian Ltd , a leading supply chain and logistics consultancy based in the UK. Rupy Sawhney.

Warehousing 97

Warehousing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 97

Logistics Bureau

NOVEMBER 6, 2023

Of course, switching to more efficient lighting requires significant investment, especially if you choose induction lights, which are particularly expensive to procure. That can be a much faster method of reducing lighting costs than changing the type of lighting used and will require less investment to put into effect.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

Logistics Viewpoints

MAY 3, 2022

But it’s important to remember that while customers want their purchases fast, sometimes even the next day, many care about the environmental impact of that delivery as well. In response to these rising complexities, late last year, Körber commissioned its first ever Supply Chain Benchmarking report.

Waste Reduction 195

Waste Reduction Sustainability Vendor Strategies Supply Chain Design Software 195

Supply Chain Game Changer

JULY 2, 2019

This interview is with Kristie Syndikus, VP of Procurement at Maple Leaf Foods. It was very easy to see early on that Kristie had a great aptitude for Procurement and Sourcing. Kristie Syndikus, VP Procurement at Maple Leaf Foods. Over the last 20 years I have worked in the electronics manufacturing industry.

Manufacturing Procurement 48

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 48

Logistics Bureau

AUGUST 10, 2017

Last mile might be the latest buzzword (or buzzwords) in logistics, but not without good reason. It’s not just about the logistics providers you work with or whether you insource or outsource your distribution. Manufacturing and Supply for the Last Mile. Is your company a manufacturer?

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44