The Logistics & Supply Chain Management Society

JANUARY 3, 2023

2022 Realities vs 2023 Predictions. 2022 was, undoubtedly, another tough year with many disruptions happening outside the four walls of enterprise – extreme weather, natural disasters blocking access to resources, port or border congestion delaying transit, panic buying artificially inflating demand, suppliers going out of business.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

Unleashed

JANUARY 24, 2022

Techniques for 2022 What is MRO inventory? With strong supplier relationships, McDonalds is a benchmark organisation from the perspective of inventory control. Learn more: What is Inventory Management? With in-depth knowledge of supply chains and in-transit inventory, they are better equipped to maintain optimal MRO inventory control.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Precoro

MAY 22, 2023

growth in global IT spending from 2022. The company can also include any relevant standards that need to be met, such as sustainability certifications or performance benchmarks. The IT procurement process encompasses a range of steps, from establishing IT requirements all the way to negotiating contracts with vendors.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Intelligent Audit

FEBRUARY 3, 2022

With the volatility of 2021 still in mind and uncertainty heading into 2022, the whole industry feels a bit apprehensive. Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Then, correcting those anomalies reduces shipping costs in 2022 and beyond. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

SupplyShift

NOVEMBER 4, 2020

Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Achieve 100 percent sustainably sourced tomatoes by 2025, 100 percent sustainable and traceable palm oil by 2022, and 100 percent cage-free eggs globally by 2025 (among other ingredients).

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Achieve 100 percent sustainably sourced tomatoes by 2025, 100 percent sustainable and traceable palm oil by 2022, and 100 percent cage-free eggs globally by 2025 (among other ingredients). Map all supplying sites.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

ToolsGroup

APRIL 1, 2022

Wildfires, mudslides, and flooding delayed lumber shipments, leading to a shortage that saw the cash market price for lumber reach $1,111 per thousand board feet in 2022 – almost triple its bottom price in August. Cotton production in India could dip 4% from 2021, down to 34 million bales in the 2021/2022 marketing year. FastMarkets ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Locus

MAY 25, 2022

The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. consumer shipping companies: Customer experience 2017-2022. – Consumer experience with consumer shipping companies in the United States from 2017 to 2022, Statista, 2022.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Taulia

JULY 11, 2023

A 2022 paper commissioned by Dun & Bradstreet found that companies failing to meet their ESG goals faced tangible challenges that can lead directly to increased operational and financial risk. A 2022 survey by EY revealed that eight in ten supply chain executives are increasing their efforts toward sustainable supply chain operations.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40

Zipline Logistics

JANUARY 17, 2023

At the end of 2022, Tesla delivered its first semis to PepsiCo. Besides reducing fuel costs and emissions, consolidation also helps brands hit key retailer benchmarks like OTIF and MABDs, improving customer relationships. . Tracking Key Metrics to Drive Sustainable Logistics Performance Improvement . Electric Vehicles .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Locus

MAY 25, 2023

In a survey conducted in 2022 of US consumers, 55% of them stated that direct delivery to home is the biggest driver of online purchase. Challenges of using Economic Order Quantity as a metric Economic Order Quantity provides businesses with the optimal reorder quantities to minimize costs. There are no two ways about it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Waste Reduction 52

Supply Chain Game Changer

JUNE 8, 2022

A loyalty program should have a benchmark for rewards. While different businesses use different metrics to answer these questions, here are some pointers to help you calculate customer loyalty. Originally written for Supply Chain Game Changer and published on June 8, 2022. Establish a loyalty reward program.

How To 116

How To Procurement Analytics Supply Chain Design Software Supply Chain Design 116

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Metrics such as rework rates or defective products help you understand how well your operations are working. The best way to begin is to review your operations for gaps.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

Cognira

NOVEMBER 28, 2023

Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. The company is working on a sustainability strategy with measurable targets and well-identified metrics, aiming for a carbon-neutral supply chain and a major waste reduction across all operations.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

ShipBob

NOVEMBER 15, 2022

Understanding your key performance metrics, sales data, site performance, and channel efficiency will uncover meaningful insights about your business and customer loyalty. What are different types of Shopify reports and metrics? Note which key metrics to keep a pulse on. Different types of Shopify reports and metrics.

Procurement Analytics 52

Procurement Analytics Analytics Software Predictive Analytics Analytics 52

Intelligent Audit

NOVEMBER 5, 2021

This comes as industry experts expect an above-average market demand through much of 2022. Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Benchmarking Capabilities. Track Cross-Industry Metrics.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Intelligent Audit

NOVEMBER 10, 2021

The high priority focus on RFPs and carrier network optimization will continue to impact services and shipping protocols well into 2022 and beyond. Be transparent about goals and set clear parameters regarding volume expectations, performance, success rates, and other critical metric milestones.

Optimal Sourcing 52

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

Supply Chain Game Changer

SEPTEMBER 6, 2022

And a cursory look at benchmark comparisons to competitors showed the company lagging behind in virtually every metric. Each process team would have a mandate to identify the best in class process, perform benchmarking, and develop an action plan to deploy the best in class process across the entire global operation.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80

Taulia

JULY 14, 2023

Similar stories Reports Analyst Reports Accounts Payable Metrics that Matter in 2022 ‘Metrics that Matter’ is a powerful and comprehensive compilation of the industry’s best and most widely-used accounts payable benchmarks.

Procurement Analytics 52

Procurement Analytics Report Forecasting Software How To 52