Unleashed

MARCH 9, 2021

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. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Logistics Managers need to address other elements namely: How do we measure ocean freight spending against market levels?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Every company knows customer service is important, but it is seldom well-defined, and even more rarely measured in logistics operations. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SCMDOJO

APRIL 9, 2024

The term “logistics” may be relatively new, but its general principles date back to ancient civilizations. The early Mesopotamians, Egyptians, Greeks, and Romans pioneered the principles of logistics and designed trade routes to facilitate their connections with other nations.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

Logistics Viewpoints

DECEMBER 1, 2022

Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. Source: Descartes Datamyne. 2023 call: 2023 will be a “learning” year for machine learning in supply chain and logistics operations. Figure 1: U.S. Somewhat nailed it.

Predictive Analytics Software 199

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Logistics Viewpoints

OCTOBER 12, 2023

The same “If” statement was repeated for a host of financial and operational metrics. The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. To read the article, click HERE.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Logistics Viewpoints

JULY 7, 2022

These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. From product design, sourcing and operations planning, to manufacturing, logistics and warehousing, there are many opportunities for improved efficiency at each stage of the process.

Material Savings 236

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 236

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.) I never calculated and accounted for the inter-dependencies between metrics.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

BlueYonder

JUNE 3, 2021

Our recently launched 2021 Logistics Executive Survey aims to seek out the “New Normal of Logistics.” The survey tracks the pulse of the market as logistics operations are emerging from the COVID-19 pandemic to periods of adjustments, redefinition, and eventually a new equilibrium. This in turn effects how companies behave.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Survey Material Savings Cost Reduction Strategies 98

Logistics Viewpoints

DECEMBER 15, 2022

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Logistics Viewpoints

FEBRUARY 15, 2023

I informed our readers that ARC Advisory Group/Logistics Viewpoints is conducting a survey to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. However, I am surprised at the degree that localized sourcing is being considered. More to come!

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Build in-market sourcing. Unrest in Sudan. Tougher than most understand.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Figure 2: A technology adoption roadmap for transportation and logistics companies considering generative AI.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Logistics plays a critical role in a company’s supply chain. Another important aspect of logistics is time.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Supply Chain Opz

JANUARY 3, 2022

Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. In the United States, the median wage for a Logistics Manager is around $70,000 annually. Best Logistics Book for Beginners: 1.

Logistics Network Optimization Software 130

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BlueYonder

SEPTEMBER 19, 2023

But what do these terms mean for the logistics industry? At Blue Yonder, we believe every logistics stakeholder should be excited about advanced technologies like AI. So, let’s take a few minutes to define some of the most common terms related to managing logistics via advanced technology. What exactly is a data cloud?

Logistics Network Optimization Software 77

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Logistics Viewpoints

APRIL 21, 2021

What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated. You can watch the full video below.

Sourcing Strategies 234

Sourcing Strategies How To Supply Chain Design Software Supply Chain Planning Software 234

Zipline Logistics

JANUARY 17, 2023

When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. Advanced technological suites and logistics planning methodology, combined with other initiatives, can help brands find optimal routing for their deliveries. Electric Vehicles . roads generate about 7% of U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

ThroughPut

JANUARY 19, 2024

Logistics presents a formidable challenge in the ready mix concrete (RMC) industry. This critical time frame shapes the entire ready mix concrete logistics. This critical time frame shapes the entire ready mix concrete logistics. For ready mix concrete manufacturers, managing logistics effectively is crucial.

Case Study 52

Case Study Waste Reduction Resource Reduction Material Savings 52

BlueYonder

APRIL 9, 2024

This initiative is central to enhancing the management and efficiency of its logistics operations throughout Europe. Carlsberg has also introduced electric trucks and established a specialized transportation control tower in Poznan, Poland. A prospect to raise a glass to.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

GlobalTranz

SEPTEMBER 25, 2018

On today’s episode we welcome Andrew Lynch, Co-Founder & President of Zipline Logistics, an award-winning logistics service provider that specializes exclusively in the transportation of retail consumer goods and food and beverage products. Capacity & Carrier Metrics Resources to Download. Download E-Book.

Logistics Network Optimization Software 121

Logistics Network Optimization Software Capacity Logistics Waste Reduction 121

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Both procurement solutions from ERP companies like Oracle or Infor – or business spend management solutions – can help companies enforce these sourcing supplier decisions.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

GlobalTranz

JUNE 15, 2017

. Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for managing logistics effectiveness. In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. Quality-focused.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Unleashed

JANUARY 16, 2023

When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? 3PL providers are experts when it comes to shipping and logistics.

Third Party Logistics 98

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Talking Logistics

APRIL 29, 2015

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes.

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

Supply Chain Matters

JULY 7, 2023

Logistics Managers Index (LMI) that again dropped to an all-time low for June 2023. According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 percentage points in June.

Negotiating Skills 52

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Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

GlobalTranz

JUNE 8, 2017

In the below article I propose to have a look at the main benefits and advantages of the cloud-based logistics management. Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. It incorporates your resources from every stage of the logistic process in the real-time.

Logistics Network Optimization Software 200

Logistics Network Optimization Software Resource Reduction Cost Reduction Strategies Modeling Software 200

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. Descartes provides multi-tenant, cloud-based solutions focused on improving the productivity, performance, and security of logistics-intensive businesses.

Agile and Lean Supply Chain 224

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GlobalTranz

MAY 20, 2015

Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

The Logistics of Logistics

AUGUST 29, 2019

While putting myself through school, I got a part-time job at JFK airport which opened my eyes to logistics. Right out of college, I worked at a logistics company in Atlanta. We found equipment and materials that can’t be sourced locally. As globalization has taken place, more things can be sourced locally.

Saudi Arabia 113

Saudi Arabia Logistics Network Optimization Software Company Procurement Analytics 113

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

GlobalTranz

OCTOBER 10, 2017

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics. Fuel Consumption Rates. Driver Hours In-Motion and Stationary.

Metrics 153

Metrics Cost Reduction Strategies Logistics Network Optimization Software Waste Reduction 153

Logistics Viewpoints

SEPTEMBER 13, 2022

Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Understanding the data, metrics and benchmarks can help the organization collaborate with suppliers to set meaningful, actionable and quantifiable goals. Next, the enterprise can set targets.

Cost Reduction Strategies 211

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Locus

JULY 24, 2023

accounting for 61 billion empty miles and 87 million metric tons of unnecessary annual emissions. Fragmented Markets: The logistics industry is brimming with carriers and businesses that need to avail of their services, there is a supply-demand mismatch as it is heavily fragmented. Thirty-five percent of trucks travel empty in the U.S.,

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Logistics Network Optimization Software 52