SCMDOJO

DECEMBER 11, 2023

By assessing supplier performance metrics, such as on-time delivery, quality, and responsiveness, companies can identify high-performing partners and address issues with underperforming ones. This document fosters transparency, accountability, and streamlined processes within the procurement function.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

FEBRUARY 28, 2023

Creating efficient warehousing processes can result in less downtime, lower running costs, and better customer service. Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Logistics Viewpoints

JANUARY 23, 2024

The company can connect all aspects of the execution process, including labor cost and capacity, warehouse capacity, and shipping, and then integrating all of this data into their data cloud platform for a holistic view of OMS, TMS, and WMS. 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

6 River Systems

JUNE 25, 2019

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. ” — How to Maximize Warehouse Efficiency , Parcel Pending; Twitter: @ParcelPending 5.

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. The tool also helped support a well-documented statement of work, and ensured that the right regulatory requirements and questions were being addressed in the contract.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Logistics Bureau

JULY 18, 2022

As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy. Warehouse facilities and proximity. Step 3: External Benchmarking and Competitor Research. Be aware that benchmarking against competitors is no easy task.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

6 River Systems

DECEMBER 5, 2019

The efficiency of order fulfillment from warehouses has become an important focus in logistics management as customers demand quicker deliveries. Warehouse order picking is an important factor in efficient order fulfillment. ” – Shawn Lynch , How to Improve Order Picking Your Warehouse , FlexQube; Twitter: @FlexQube 2.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 52

EMERGE App

OCTOBER 4, 2018

Their boxes are gathering dust and they’re taking up valuable warehouse space that could otherwise have gone to another best-seller. Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Horror 8: No Escape Plan.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Talking Logistics

JUNE 28, 2017

This is where metrics can get a little fuzzy. Historically, this was a fairly accurate number, and the customer was using this benchmark of 4% to estimate demurrage cost annually. However, the reality was that the 4% metric was misleading. How do you account for Free Time across your global supply chain? Automation.

Supply Chain Design Software 114

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 114

Vinculum

JUNE 24, 2022

It’s imperative to document the procedures involved in the reconciliation process and develop templates that can be readily followed by any new or current finance team member. These are critical key performance metrics. Also, the templates should be reviewed regularly to correct gaps and look for ways to automate the procedures.

Purchasing Skills 52

Purchasing Skills Analytics Software Sourcing Strategies Negotiating Skills 52

Zipline Logistics

JUNE 30, 2020

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Bill of Lading (BOL) — A legally binding document between a shipper and carrier that details all the information needed to process a freight shipment. Used in rail and maritime transport.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

Unleashed

JUNE 8, 2023

Or it may be complex, such as the construction of a second warehouse or parking lot. This is a document that breaks down the costs of the purchase and functions as a formal request for payment. For example, consumables, safety equipment, warehouse renovations , advertising space, business consultations, and general maintenance.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

EMERGE App

DECEMBER 31, 2018

You need to be able to juggle multiple currencies and generate documents in different languages. Spring Clean Your Warehouse. Just like cleaning out your dusty wardrobe every now and then, you also need to take stock of your warehouse and take a look at it with a fresh pair of eyes. Benchmark Your Business.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

6 River Systems

JUNE 29, 2020

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. . The results help businesses identify benchmarks and key trends, and understand the opportunity for supply chain optimization.”

Supply Chain Planning Software 116

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

Logistics Bureau

OCTOBER 31, 2016

If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

EMERGE App

MAY 10, 2020

It’s going to be filed away in some folder that will be put in some box sitting in some warehouse. You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Benchmark yourself against some metrics.

Purchasing Skills 83

Purchasing Skills Sourcing Strategies Inventory Management Software Inventory Reduction 83

EMERGE App

MAY 10, 2020

It’s going to be filed away in some folder that will be put in some box sitting in some warehouse. You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Benchmark yourself against some metrics.

Purchasing Skills 52

Purchasing Skills Sourcing Strategies Material Savings Price Reduction 52