Requis

NOVEMBER 3, 2022

Similar to the power usage effectiveness (PUE) metric, which catalyzed energy efficiency innovations in data centers, the circularity ratio can drive transformative changes in supply chains. . Notably, effective behavior changes require benchmarking to identify improvement areas and progress.

KPI 52

KPI Global Benchmarking Metrics 52

AFFLINK

FEBRUARY 28, 2017

Innovation is at the heart of many kinds of success. For supply chain management, innovation means making a business more efficient by improving the way inventory and logistics are handled. They can predict outcomes from various supply chain scenarios, make recommendations, and manage supply risk, for example.

Supply Chain Software 48

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Innovation 48

Logistics Viewpoints

AUGUST 25, 2021

But machine learning can be used in other innovative ways as well. And finally, have strong consultative capabilities in terms of network design, strategic procurement, and transportation rate benchmarking. One example of this is moving planners from account to another account to accommodate seasonal surges or shipping slowdowns.

Price Reduction 284

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 284

EcoVadis

APRIL 17, 2016

For example Recently two new benchmarks focused on company performance on human rights have been released: The Corporate Human Rights Benchmark announced a few weeks ago a pilot of its rating system to benchmark the performance of large companies on human rights issues in their supply chains.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Software Benchmarking Supply Chain Strategy 40

Supply Chain Shaman

OCTOBER 5, 2018

to This is an example of managing a balanced portfolio and of driving a supply chain revolution. This case study is the best example we have seen of a customer-centric supply chain. In China, for example, more than 40% of the company’s business through eCommerce. We empower employees to propose and to innovate.”

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Enterra Insights

JUNE 22, 2023

For example, forecasting might estimate the total number of ice cream cones to be purchased in a certain region, while predictive analytics tells you which individual customers are likely to buy an ice cream cone.”[1] One innovative technique shaking up the data science space is causal AI. 6] Joris M.

Supply Chain Performance 130

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Talking Logistics

NOVEMBER 17, 2015

These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. Continuous checks on compliance.

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

Precoro

DECEMBER 11, 2023

Company priorities extend far beyond just the purchasing price, so strategic sourcing also considers the following factors: Delivery price Delivery speed Quality and durability Servicing requirements Regulatory compliance Innovation These factors should be weighed against each other, as well as against the purchasing price.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Unleashed

MARCH 6, 2024

Three reasons why it’s important to improve supply chain agility: Remain adaptable to market changes: Responding quickly and effectively to changes in customer preferences, demand patterns, and product innovations helps you to capture new opportunities and gain a competitive edge.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

ivalua

JANUARY 22, 2019

There is nothing wrong with benchmarking yourself and striving to improve performance to match the best of your competition. Just a couple of examples: Revenue. Innovation. Note that in both of these examples the teams implemented BiC processes and wanted quick value. The problem with Best-in-Class. The result?

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113

Proxima

JULY 3, 2023

Carbon as a cost of a product or service for example, can be calculated by determining the amount of carbon emissions released during the production, transportation, usage, and disposal of a product or service and then applying a cost of carbon to this (and perhaps any additional cross border taxes). Sounds simple, right?

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Supply Chain Planning Software Supply Chain Design Software 52

ivalua

JULY 13, 2022

ESG initiatives give the opportunity for businesses to grow, remain competitive, and innovate with new suppliers, but they also add a layer of complexity to procurement processes. Where procurement technology really comes into play is helping us to manage our quantitative objectives.

Procurement Solutions 130

Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130

Talking Logistics

SEPTEMBER 29, 2015

Innovative companies are using these active, connected trading communities to address a number of supply chain challenges that have vexed the industry for years, like achieving industry-wide information standards and performance benchmarks. We have seen examples in other industries. The Power of Community.

Supply Chain Network Software 100

Supply Chain Network Software Supply Chain Software Logistics Network Optimization Software Agile and Lean Supply Chain 100

DELMIA Quintiq

MAY 17, 2016

Why are yesterday’s benchmarks no longer useful? People are always the driving force: They are the drivers behind every innovation, invention, and transformation in a company. The Quintiq World Tour is a great example of a free event, with everything catered for, including food and drinks. A venue that is close to you.

Conference 120

Conference Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

NC State SCRC

SEPTEMBER 27, 2023

Number 3 – I always benchmark the performance of any business function I manage, against a broader dataset. It is very easy to get comfortable with status-quo, or benchmark one’s current performance against a baseline that may not be reflective of best-in-class. And I ask myself how can we make ourselves better?

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

MIT Supply Chain

MARCH 2, 2021

Currently, the state of the logistics market is measured by the Logistics Performance Index (LPI), a benchmarking tool developed by the World Bank. Let me give you an example,” says Mendonça. So instead of just beginning from scratch,” says Mendonça, a company might, for instance, say, “‘OK, here it lacks innovation.

Comparison 52

Comparison America Transportation Colombia 52

Supply Chain Collaborator

JUNE 21, 2018

Innovative New Solution Modules, Features and Other Advancements within the Acclaimed UltraShipTMS Platform Earn 2018 Recognition as a Top 100 Supply Chain Provider from a Leading Industry Media Outlet.

Modeling 60

Modeling Supply and Demand Demand Planning Software Supply Chain Software 60

Logistics Viewpoints

SEPTEMBER 4, 2023

Any shipment moving from Siloam Springs to Bentonville, Arkansas, for example, would be one lane. They learned that Emerge could do more, they had an innovative freight procurement solution. The solution can be used to benchmark whether Simmons is paying below, above, or at market for their moves on a particular lane.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Supply Chain Movement

MARCH 27, 2014

Building next-generation supply chains – Supporting growth through innovative and responsive strategies. Benchmarking your operation against leading examples of supply chain innovation. Events Barcelona logistics SCL Europe Spain Summit supply chain Supply Chain Innovation' Organisation: WTG Events.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 90

GlobalTranz

JUNE 15, 2017

The tools and techniques of Six Sigma put team’s heads together and stimulate innovation. It for sure requires some degree of self-organization and discipline, but it also creates a perfect ground for resourcefulness and innovation. Several techniques in this relation were already developed for you, for example, a 380-degree survey.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Supply Chain Game Changer

APRIL 15, 2020

Benchmarking. While it may seem simple, or mundane, benchmarking the digital solutions on the market should be the first step to any kind of digitalization. This is why benchmarking is a crucial part of going digital. Without benchmarking one can very easily shoot way too high, or aim far too low.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. For example, improving fuel efficiency tends to reduce engine efficiency which leads to higher costs. Here are some highlights from his talk.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

BlueYonder

JANUARY 17, 2023

In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. With a 4-to-6-hour interview process and with data, we are able to benchmark the company using a self-reported maturity assessment, interviews, data, and peer analysis.

Consumer Goods 70

Consumer Goods Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 70

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Automation is focusing on risk management, driving innovation, improving cash and increasing revenue.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Freightos

APRIL 16, 2017

These trends have pushed innovation, and the need for new logistics technology up and down the supply chain. For example, the expectation of fast delivery aside, online shoppers expect unreasonably cheap or free shipping. For example, the real impact of drone and robot deliveries for online retailers will be minimal.

Logistics Network Optimization Software 135

Logistics Network Optimization Software Trends Supply Chain Design Software Supply Chain Planning Software 135

Intelligent Audit

APRIL 27, 2021

Innovations have forever changed the face of the global supply chain, beginning with the very way inventory is managed and controlled. Capture and Use Real-Time Data to Benchmark Against the Current Market. New standards, new parameters, and exceptions must be established to benchmark accurately in today’s market.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

AIMMS

JUNE 23, 2016

Another example, this time in the oil industry, would be an oil blending app. With “Samurai” solutions you get clear benchmarks, predictability, control and reliability. With a custom-built solution, you get flexibility and innovation but you also need to think about governance. Oil blending is not easy.

Prescriptive Analytics Software 136

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 136

GlobalTranz

DECEMBER 29, 2015

Our (now Army, as our Development Manager, Jerel Byrd calls them) development team are always continually improving the Cerasis TMS, as we know it is vital to have a system that is not only innovative, but sound, secure, and enables those in transportation to do their job all while doing it cost effectively. Read the full article here. .

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

Elementum

OCTOBER 13, 2017

It's no surprise then that the company became a signatory of t he Chemical Footprint Project (CFP), a project of Clean Production Action, which provides a tool for benchmarking companies as they select safer alternatives and reduce their use of chemicals of high concern.

Material Savings 97

Material Savings Manufacturing Procurement Chemicals Supply Chain Planning Software 97

PINC

AUGUST 3, 2020

For example: Does “on-time” mean on the date requested by the retailer, or the date promised by the manufacturer? A common view of supply-chain performance would support consumer-goods supply chains by aligning service expectations; enabling joint performance management; and supporting performance benchmarking.

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Kinaxis

DECEMBER 9, 2014

For example, you only have to look at the Gartner Top 25 to see that Apple has been number one for the past 5 or so years. Or, as Angel Mendez of Cisco likes to say, yesterday’s stretch goal is today’s benchmark. Avaya have turned the value pyramid on its ear to focus on the real value generation of prediction/action/innovation.

San Diego 187

San Diego Pharmaceutical Japan Supply Chain Planning Software 187

AIMMS

JUNE 23, 2016

Another example, this time in the oil industry, would be an oil blending app. With “Samurai” solutions you get clear benchmarks, predictability, control and reliability. With a custom-built solution, you get flexibility and innovation but you also need to think about governance. Oil blending is not easy.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. We’ve seen this movie before,” he says, notably with the “net zero” idea.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

GlobalTranz

AUGUST 14, 2018

Even the most robust plans for continuous improvement in the supply chain will fail without data-driven insights, so blockchain and supply chain analytics can team up to ensure accuracy in reporting, as well as ongoing benchmarking. Think about it. How Do Blockchain and Supply Chain Analytics “Build a Better Mousetrap?”

Analytics Software 121

Analytics Software Supply Chain Software Supply Chain Planning Software Analytics 121