Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

CH Robinson Transportfolio

JUNE 9, 2022

In your personal life, you can use a variety of devices to make purchases—from your phone to your smart TV, it’s all possible within whatever device you’re using. In fact, today you can procure freight rates from your transportation providers right in your TMS. Cost savings in loose markets. Access capacity. Save money.

Supply Chain Planning Software 70

Supply Chain Planning Software Demand Planning Software Analytics Software Optimization Software 70

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. Ipsen purchased the RapidResponse supply chain planning product from Kinaxis. As passengers stopped flying, planes were grounded, and the belly capacity in the planes disappeared.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

ivalua

JANUARY 13, 2021

Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P. .

Procurement Solutions 235

Procurement Solutions Purchasing Skills Optimal Sourcing Negotiating Skills 235

Enterra Insights

DECEMBER 17, 2018

For over 150 years consumers have been able to purchase goods through catalogs and have them delivered to their homes. ” Because logistics can be a significant differentiator, Mary De Asis reports some retailers are establishing their own logistics fleets.[3] For most of those years, their delivery expectations were modest (i.e.,

Innovation 100

Innovation Logistics Network Optimization Software Logistics Analytics Software 100

Talking Logistics

JUNE 2, 2016

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

EcoVadis

FEBRUARY 3, 2017

They pioneered a new market space for globally benchmarkable Corporate Social Responsibility ( CSR) ratings , and steered the business to grow organically – reinvesting all margin into the business – to achieve over 50% growth year after year. Bigger capacity and easier on-boarding and sharing. Bravo, and thank you!

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Sustainability 40

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. 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

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

GlobalTranz

MAY 26, 2017

According to a recent study, reports Material Handling and Logistics , only 3 percent of respondents believe their existing technology supports an improved customer-focused logistics experience. Every interaction should be positive and encourage future purchases. A good customer service experience might be put on social media.

Cost Reduction Strategies 166

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Negotiating Skills 166

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

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Your capacity to meet customer demands hinges on your ability to accurately report inventory. A good benchmark is to reduce turnover, thus lowering training costs. Below are five KPIs to closely monitor in your warehouse: 1. Author Bio.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

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

In an uncertain environment, affordability and predictability are at a premium, and a supply-chain organization can deliver these through effective management and oversight of its suppliers. Accurate planning not only reduces stock and improves service levels; it also reduces costs by avoiding expediting and minimising write downs.

Waste Reduction 274

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

BlueYonder

JULY 25, 2017

According to the 2017 EFT Report, “ How to Thrive in a World of Commoditized Logistics ,” almost 48 percent of shippers reported they’re looking for new ideas and solutions from their 3PL providers. 3PLs are Facing Capacity and Cost Pressures. Commoditization is the Biggest Challenge for 3PLs.

Third Party Logistics 42

Third Party Logistics Modeling 3PL Modeling Software 42

Supply Chain Game Changer

NOVEMBER 28, 2019

Given the expectations around speed, convenience and cost, shippers and 3PLs that service them should focus on improving these delivery factors while maintaining the related logistics costs to a minimum. 94% of people making business purchases expect the same customer experience as when they make personal purchases.

Logistics Network Optimization Software 83

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 83

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. Following the outbreak of Covid-19, 93% of senior supply-chain executives reported their intent to make their supply chains more flexible, agile, and resilient. Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

BlueYonder

JULY 25, 2017

According to the 2017 EFT Report, “ How to Thrive in a World of Commoditized Logistics ,” almost 48 percent of shippers reported they’re looking for new ideas and solutions from their 3PL providers. 3PLs are Facing Capacity and Cost Pressures. Commoditization is the Biggest Challenge for 3PLs.

Third Party Logistics 40

Third Party Logistics Modeling Modeling Software 3PL 40

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 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. They should count on your predictions being at least somewhat wrong and plan for it. They should create shock absorbers by way of safety buffers, be it inventory, capacity or other supplies.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Jaggaer

APRIL 21, 2020

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. Because they’re commoditized items t here are relatively small changes in cost.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Procurement 52

IQMS

FEBRUARY 20, 2020

Bottom Line: Manufacturers are achieving only 40% of their potential because they’re spending too much valuable time manually updating inventory control , production reporting , and pricing reports when their competitors using real-time data to get the data they need to win deals and plan next-generation real-time factories.

Real-time Visibility 55

Real-time Visibility Manufacturing Procurement Data Price Reduction 55

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. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. Use advanced route planning to achieve on-time delivery.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Logistics Bureau

AUGUST 10, 2017

If you’re competing on cost, then you might need to get products to the customers’ doors without charging shipping fees , or perhaps you’ll stop short of home delivery and ask customers to pick their purchases up from a storefront or some other predefined point (we’ll discuss some related concepts, like smart-lockers, later).

Supply Chain Planning Software 44

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

Talking Logistics

OCTOBER 6, 2016

Based on a benchmark study¹ of retailers using home delivery technology in diverse industries worldwide, here’s what companies are actually doing in five key areas to capitalize on the home delivery opportunity. Blending Traditional + Customer-focused Metrics. Uncovering the Potential of Dynamic Booking.

Price Reduction 154

Price Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 154

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.

Expense Reduction 232

Expense Reduction Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 232

ThroughPut

JUNE 24, 2022

AI in supply chains is helping to deliver the powerful optimization capabilities required for more accurate capacity planning , improved productivity, high quality, lower costs, and greater output, all while fostering safer working conditions. 4) ACTIONABLE ANALYTICAL INSIGHTS. The Impact on Supply Chain is Two-Fold.

Supply Chain Planning Software 98

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

Intelligent Audit

NOVEMBER 17, 2022

Best for: Medium-to-large shippers Pros: No need to purchase or license a freight audit system; reallocate staffing resources to core business duties; reviewing and analyzing invoices and recouping costs occurs regularly. Cons: Added costs for outsourcing. Determine Benchmarks. Forms of Truck Capacity Utilization.

Freight 52

Freight Shipping Supply Chain Design Software Pricing Training 52

6 River Systems

APRIL 23, 2019

Train your department lead to utilize real-time analytics dashboards and your staff can identify supply chain kinks before they derail into company-wide snafus. These solutions make it so most of the heavy work is done by machines, allowing employees to spend their time leveraging inventory reports instead of manual inventory tracking.

Warehousing 97

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

Intelligent Audit

JANUARY 26, 2022

To do this properly, both parties need all of the details of what was purchased and delivered. How Freight Audit Data Analytics Provide More Insight Into Shipping Strengths and Weaknesses. Freight audits do much more than simply provide a view into current cost expectations. For example: Does delivery take too long?

Negotiating Skills 52

Negotiating Skills Freight Negotiate Pricing Purchasing Skills 52

Freightos

JULY 23, 2015

Improved cargo capacity by innovative 40 foot container design (fold). Improved cargo capacity by innovative container design (fold and nest). An information Service providing ocean freight rates and transit times, useful for benchmarking by shippers and freight forwarders. shipping address for E-Commerce purchasing.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Design Software San Francisco Predictive Analytics Software 120

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Historically, many of those customers concentrated keenly on measuring performance aspects such as cost to serve, perfect order, productivity, and cycle and lead times. Best Regards, Rob O’Byrne. Email: robyrne@logisticsbureau.com.

Optimal Sourcing 57

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 57

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. There are about 10+ measurements on evaluating the efficiency, but all those get consolidated to a single metric called the ‘LPMH’ (lines per man hour).

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

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