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Track the Supply Chain Metrics that Really Matter

Precoro

It’s much easier to ensure stable business growth when the flow of goods, materials, and services is efficient and timely. To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly.

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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters.

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Best Logistics Management Software: Everything You Need to Know Before Making a Purchase Decision

ThroughPut

As we step into 2024, the world of logistics isn’t what it used to be. Everything is connected – what happens in one part of the supply chain can shake things up in logistics, and the other way around. That is why logistics management software (LMS) is so much more today than what it used to be.

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What Is PPV? Purchase Price Variance Explained

Precoro

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

As retailers prepare to navigate this vast sea of potential sales, understanding the intricate world of logistics becomes imperative to streamline operations and enhance efficiency. In a way, this model is a win-win as it saves return logistics costs for retail businesses. How to Improve Fleet Utilization?

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.