Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Talking Logistics

JUNE 27, 2014

April 2014 North American Freight Numbers. Several reports have been published in recent years underscoring the growing importance of supply chain risk management. billion a day, disrupt 169,000 jobs, and cost the average household $170 in purchasing power. Dutch plan for self-driving trucks within five years ( Reuters ).

Logistics Network Optimization Software 190

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Negotiating Skills 190

Supply Chain Network

AUGUST 6, 2012

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks.

Optimal Sourcing 92

Optimal Sourcing Procurement Solutions Supply Chain Planning Software Procurement Analytics 92

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

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. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Material Handling & Logistics ). Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure. 3PL/SLA Skills/Knowledge.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Opz

JULY 31, 2012

Cost reduction has always been the number one priority for a company. While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. Introductory Guide to Spend Analysis. Discussion. A Case Study.

Price Reduction 100

Price Reduction Cost Reduction Strategies Expense Reduction Analysis 100

Zipline Logistics

DECEMBER 24, 2024

Know exactly what retail buyers expect from you and how to avoid damaging your relationships by reading our Retail Buyer Report. In order to offer savings to their customers, Aldi uses strategy and innovation to control costs. A crucial part of the process is the logistics of delivering your freight to CVS distribution centers.

Retail 52

Retail Vendor Strategies Cost Reduction Strategies Price Reduction 52

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. Finding Freight Consolidation Opportunities . Freight consolidation offers a multitude of benefits to CPG brands. roads generate about 7% of U.S. million cars from U.S.

Resource Reduction 98

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 98

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. Best in Class” organisations within an industry typically have supply chain costs that are 50% less than the “Average” performers.

Waste Reduction 274

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

Supply Chain Game Changer

NOVEMBER 19, 2018

Financial losses or declining profitability certainly make cost cutting a priority. And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. And the reality is that Supply Chain must be cost-effective. Cost and Profit Management.

Cost Reduction Strategies 95

Cost Reduction Strategies Negotiating Skills Purchasing Skills Inventory Reduction 95

Freightos

JULY 23, 2015

And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.

Logistics Network Optimization Software 120

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

Talking Logistics

JUNE 2, 2016

This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

The Logistics & Supply Chain Management Society

JULY 16, 2023

You cannot rely solely on a general management risk reports but also need to develop a specific view of risks, such as halal risks. A halal risk report could provide essential halal risk and market intelligence for brand owners serving Muslim markets.

Risk Management 130

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

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

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. Specialized project freight.

Supply Chain Planning Software 70

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

Logility

SEPTEMBER 16, 2022

Why do we build logistics models? But I ask it because modeling often takes a detour into the land of debilitating detail. And by debilitating, I mean an enormous analytical time sink — think months. I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics?

Modeling Software 130

Modeling Software Modeling Optimization Modeling Logistics Network Optimization Software 130

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. Calculate this by looking at hard costs for labor, freight, storage and insurance. A good benchmark is to reduce turnover, thus lowering training costs.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

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. Indeed, in many cases, sales and orders increased.

Optimal Sourcing 85

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 85

Intelligent Audit

NOVEMBER 17, 2022

With increased e-commerce shipping, high consumer expectations for delivery, and challenges in the supply chain, companies need optimized transportation systems and freight services. One of the fundamental ways to achieve this is through collecting and analyzing data — which can, in part, be done through a regular freight audit.

Freight 52

Freight Shipping Supply Chain Design Software Pricing Training 52

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 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted.

Optimal Sourcing 312

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 312

Supply Chain Game Changer

NOVEMBER 21, 2018

Amazon has set the benchmark for Last Mile Delivery. The Amazon Last Mile Delivery Benchmark. eMarketer reports that 61% of internet users in the U.S. would pay to receive their purchases on the day of order. Yet we also know that Amazon’s shipping costs are 18.5% Subscribe Here! Email Address. Conclusion.

Inventory Reduction 83

Inventory Reduction Cost Reduction Strategies Supply Chain Strategy Price Mitigation Strategies 83

Supply Chain Game Changer

NOVEMBER 25, 2018

suggests that it is more likely that the business model is driving the high ROA, not Supply Chain per se. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries?

Gartner 76

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Logistics Bureau

JANUARY 1, 2025

Abatement: A type of discount granted to a shipper by a freight forwarder or carrier, typically in response to an overcharge or damage to the shippers cargo. Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

OptiProERP

JUNE 17, 2019

From procurement to shipment, every process of supply chain planning becomes streamlined by improving inventory visibility. . Enterprise Resource Planning software makes Purchase, Sales, Accounting, Production, Supply Chain Planning, Inventory and all other business operations easy and hassle-free. Provide actionable insight.

Real-time Visibility 66

Real-time Visibility Inventory Reduction Optimal Sourcing Supply Chain Planning Software 66

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory. a good result, or a bad one?

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

GlobalTranz

OCTOBER 29, 2015

Recently, Whirlpool's management took a more customer-centric approach to analyzing its supply chain and began benchmarking its supply chain against other companies to identify "best in class" practices. A service level agreement with Logistics KPIs would help monitor these objectives. What core Logistics KPIs would you track?

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

DAT Solutions

JANUARY 29, 2019

often suffer from all kinds of severe weather during the first quarter, impacting freight movements. The National Weather Service advises people to stay indoors, but if you must go out, " avoid taking deep breaths and minimize talking," according to a report in USA Today. CNN reports that " 75% of the U.S.

Minneapolis 79

Minneapolis Nashville Chicago Charlotte 79

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. Eventually it is “widely used, overused, and possibly abused” and applied indiscriminately, he says.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

Supply Chain Game Changer

JULY 3, 2019

Responsible Sourcing isn’t just about sourcing and procuring goods and services in a more sustainable manner, but also about ensuring external suppliers are aligned and committed to the same principles and values. Benchmark the market and take into account the ability for different solutions to fit into your existing sourcing processes.

Sourcing Strategies 75

Sourcing Strategies Purchasing Skills Sourcing Sustainability 75

Shipchain

OCTOBER 25, 2019

We’ve been busy fine-tuning our platform, nailing our pitch, bringing on new customers, demoing for clients, and speaking at and attending different freight and logistics conferences. After successful alpha and beta tests, the Gamma network has been deployed, marking the third iteration of our test network for us to begin running benchmarks.

Las Vegas 48

Las Vegas Logistics Network Optimization Software Procurement Analytics Supply Chain Planning Software 48

Supply Chain Game Changer

JANUARY 14, 2020

suggests that it is more likely that the business model is driving the high ROA, not Supply Chain per se. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries?

Gartner 11

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 11

GlobalTranz

MARCH 24, 2015

Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Payments on leased/purchased trucks and trailers represent 11% of costs.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

GlobalTranz

MAY 23, 2016

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. However, the set-up costs and initial implementation of LTL relationships can seem daunting. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Customer Satisfaction.

Freight 215

Freight Shipping Cost Reduction Strategies Inventory Reduction 215

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 94

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 94