The Logistics & Supply Chain Management Society

JULY 16, 2023

Marco Tieman , Chief Executive Officer at LBB International Background According to the 2022 State of The Global Islamic Economy Report, the global Islamic economy is an estimated USD 2 trillion industry consisting of the following key industries: halal food, modest fashion, media & recreation, travel, pharma, and cosmetics.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Stord

AUGUST 5, 2020

The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Precoro

MAY 22, 2023

IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation. The company can also include any relevant standards that need to be met, such as sustainability certifications or performance benchmarks.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Shipchain

NOVEMBER 29, 2018

Blockchain could streamline the management of paperwork and documentation which would lower freight spend for ocean carriers by up to 20%. Here are some characteristics to look out for: Freight spend that exceeds benchmark rates. A combined system will also leverage open-source software to ensure compatibility.

Analytics Software 95

Analytics Software Supply Chain Software Optimization Software Supply Chain Optimization 95

Supply Chain Shaman

AUGUST 16, 2015

Despite numerous acquisitions and product development efforts, SAP and Oracle are much larger industry giants. In the supply chain management technology market, historically, Infor is a market consolidator buying and integrating disparate software assets and assembling them into industry solutions. We have a market of niche solutions.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain costs typically range from 10 percent to more than 20 percent of revenue, based on industry.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

EcoVadis

MAY 31, 2018

Corporate social responsibility (CSR), which is often referred to as environmental, social and governance (ESG) in the finance industry, is becoming an essential criteria for measuring business performance. There are no restrictions; just register, answer the online questionnaire and documentation, share results, and improve!

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Logility

APRIL 3, 2018

In almost every new supply chain focused industry periodical, you will find an article discussing transformation or digitization. Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from traditional to more “digital” planning capabilities.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Talking Logistics

MARCH 24, 2015

To ensure your leadership team is up-to-speed on the current market conditions, consider the following actions: DO: Be a student of your industry and create/distribute a monthly or quarterly update internally (trends, challenges, etc.). Benchmark yourself against historical and current market indexes. Performance Management Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

NC State SCRC

APRIL 6, 2019

Contract management is a key stage within the strategic sourcing process. After the analysis and strategy is developed, the RFP sent and supplier selected, sourcing professionals must take over contract management to ensure that the agreement between the supplier and the buyer is well negotiated and upheld.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

AFFLINK

MAY 11, 2017

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. Every part of transportation, storage, and services of inbound, outbound, internal, and external movements from the source to the customer corresponds with values that intersect for the customer and the business.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Arkieva

AUGUST 22, 2016

Source: Wall Street Journal. A new report by SupplyChainDigest: “Supplier Integration in an Outsourced Supply Chain World: A Benchmark Report,” showed a growing trend in supply chain outsourcing among manufacturing companies. Source: Arkieva Supply Chain Blog. Source: Supply Chain Shaman. Source: CBR.

Canada 60

Canada Supply Chain Strategy Vendor Strategies Supply Chain Software 60

Talking Logistics

JULY 19, 2013

On the technology front, LLamasoft announced the release of Data Services, “a new offering that provides reference and benchmark data to LLamasoft customers and others in the supply chain design community…[this data] enables significant reduction in model building time and validates model outputs against realistic standards.”

Logistics Network Optimization Software 132

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 132

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

Logility

MARCH 2, 2011

Collaborative Planning, Forecasting and Replenishment (CPFR) was supposed to get the industry on board. According to the same Gartner report, supply chain collaboration can be a source of competitive differentiation, especially when cost saving opportunities have been expended. Karin Bursa is Vice President at Logility.

Gartner 100

Gartner Supply Chain Planning Software Modeling Software Supply Chain Software 100

Unleashed

AUGUST 17, 2021

Manufacturing software Each type of manufacturing software has different characteristics and functionalities that are suited to some types of business and some industries more than others. Source: g2.com Businesses in almost any industry that have physical assets to maintain. Who is CMMS best for? Who is CAD best for?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. The standard for inventory turnover varies across industries and depends on customer habits, therefore the ideal metric depends on the context of a particular market.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Supply Chain Opz

APRIL 13, 2013

According to a survey conduct by the author and his team at UTK, only a handful of respondents had a well documented supply chain strategy. You will learn about 7 megatrends and how it applies to your industry. Chapter 5: many companies analyze the competition by benchmarking certain KPIs against peers, this is definitely too simple.

Supply Chain Transformation 100

Supply Chain Transformation Supply Chain Software Supply Chain Strategy Sourcing Strategies 100

Arkieva

AUGUST 8, 2016

Foster future economic growth within the freight and goods movement industry. Changes have also been made throughout the document to clarify and emphasize the collaboration between the responsible agencies and other regional planning efforts, including funding.”. Source: Commerce Dept. Source: SupplyChainDigest.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. With an effective data program, you can measure your past execution and use predictive analytics in the logistics industry to make the best decisions about your freight. What is Logistics Data?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Supply Chain Network

MAY 9, 2011

More and more businesses are looking for both analysis and real insights gleaned from multiple sources without having to make significant investments in internal infrastructure and support,” said JaneGriffin,principal, Deloitte Consulting LLP and Deloitte Analyticsleader. Financial terms of the deal were not disclosed.

Analytics Software 68

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 68

SCMDOJO

DECEMBER 11, 2023

This clarity is vital for assessing compliance with internal policies, industry regulations, and ethical standards. This document fosters transparency, accountability, and streamlined processes within the procurement function. Benchmarking: Compares current spending patterns against industry benchmarks for cost-effectiveness.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Freight Plus

FEBRUARY 5, 2019

2019 is going to perform above benchmark,” said Donald Ratajczak as reported by the JOC. The downtick began last November after a 9-month surge in the industry, which was partially propelled by the trucking capacity crisis. Uber Freight sourcing truckers to rate shippers. I’m not saying shut it down, hunker down for the future.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 40

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. We believe many practices in global supply chain management can be applied in every industry. However, you may wonder what kind of practices really work.

Waste Reduction 274

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

Supply Chain Movement

JUNE 11, 2014

In 2011 Cargill, the multi billion-dollar agri-industrial conglomerate acquired animal nutrition specialist, Provimi. I split this off from global sourcing because we had plenty of buyers but not enough planning and logistics so service and documentation was failing. By Helen Armstong (Supply Chain Movement).

S&OP 107

S&OP Supply and Demand Material Savings Sourcing Strategies 107

Supply Chain View from the Field

APRIL 1, 2015

Step 2 – Develop Metrics and Data Sources. Be the low-cost producer within our industry. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.) must be identified and formally documented. Cost Reduction Goal. Inventory Goal.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. 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

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. 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

Logistics Viewpoints

JANUARY 23, 2024

The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods. It gives consumers a sustainability benchmarking tool for the products they buy.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

Talking Logistics

JULY 11, 2018

OGSM has four components: Source: Transplace. The MDI process requires 4 key elements: Standard Work: A formally defined and documented process to deliver a quality product or service on time. This includes documenting current best practices, creating standardized work forms, and defining benchmarks or baselines.

Optimal Sourcing 101

Optimal Sourcing Transportation Cost Reduction Strategies Sourcing Strategies 101

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244