Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. SCOR Level 1 Metrics are good examples of measures that have longer-ranging focus. Bankruptcy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. From interviews, I believe that it was a combination of leadership and metrics alignment. The result?

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Talking Logistics

JUNE 2, 2016

This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself. The potential opportunity to convert a significant portion of operating costs from fixed to variable.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Streamlined processes for order picking , packing, and shipping. Key benefits of SKU rationalisation include: Easier inventory tracking of every SKU.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

SCMDOJO

NOVEMBER 9, 2023

Establishing Optimized Purchasing Procedures In the quest to ensure the stringent oversight of inventory, it becomes imperative to adopt procurement strategies that harmonize seamlessly with authentic sales history and demand patterns. Demand patterns are studied to come up with efficient inventory control templates.

Inventory Reduction 80

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 80

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Promoting Supply Chain Value.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

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. Automate purchasing Automated purchasing will maximise efficiencies by speeding up your procurement processes.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success. What does a procurement manager do?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). This metric doesn’t just account for the cost of buying inventory. These two metrics can be calculated using their respective formulae. puts it far behind the competition, as the GMROI benchmark in this industry for 2021 is $3.90.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Streamline standards , including in procurement, packaging, and delivery. Track KPIs and benchmark the supply chain’s performance. Procurement Analyst.

Supply Chain Planning Software 96

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

Logistics Viewpoints

JANUARY 23, 2024

The company can connect all aspects of the execution process, including labor cost and capacity, warehouse capacity, and shipping, and then integrating all of this data into their data cloud platform for a holistic view of OMS, TMS, and WMS. The ongoing issues in the Red Sea are wreaking havoc on ocean shipping.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 210

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Infosys Supply Chain Management

JUNE 28, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. These measurements can then be compared to OEM guidelines or an established baseline or benchmark. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 22

Requis

OCTOBER 30, 2020

Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. We have a couple of people in our business who are amazing at building online analytics tools to analyze inventory, provide benchmarking, and all sorts of diagnostic tools. They are far more literate in terms of data.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Intelligent Audit

NOVEMBER 10, 2021

With the 2021 peak season, RFP and modern supply chain management remains essential today in the shipping and transportation market. The high priority focus on RFPs and carrier network optimization will continue to impact services and shipping protocols well into 2022 and beyond. 9 Things to Consider When Entering Annual RFP Processes.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

Intelligent Audit

AUGUST 3, 2021

The lack of end-to-end visibility and applicable metrics has made it difficult for parcel carrier s and shippers to envision the value of data and analytics within their network systems. Knowing where the company stands and what shipping solutions remain practical are key points all logistics managers need to remember.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Analytics 52

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Where is your picking operation located with respect to shipping and product storage? Partner with several shipping providers to provide your customers with shipping options.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

SCMDOJO

MARCH 19, 2024

These tools can help research competitors’ SEO and content strategies to benchmark performance. Infographics can reveal its impact on supply chains or be used to spotlight how visibility prevents supply disruption, drawing on statistical examples of global SDP or shipping costs for its evidence.

Supply Chain Visibility 77

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 77

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “A 3PL can provide a range of fulfillment services, from setup, to shipping, to customer service. Think about how your warehouse might look in 2030.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Supply Chain Game Changer

DECEMBER 3, 2019

As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company. Sounds simple.

Inventory Reduction 56

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 56

6 River Systems

JUNE 29, 2020

Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.” ” — Chadwick Stephens, 5 Ways to Improve Your Procurement Crisis Management , Procurement Pulse by NASPO; Twitter: @NASPOnews 30. ” — Thomas Y.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Game Changer

NOVEMBER 7, 2018

They themselves were confused over the number of aged invoices, the amounts, the metrics, the issues preventing payment, the critical parts being held hostage by suppliers in exchange for payment, the problems preventing payment, processes, and responsibilities. It became obvious that just asking them to pay the bills was not going to work.

Pricing Training 42

Pricing Training Procurement Analytics Purchasing Training Negotiate Pricing 42