Logistics Bureau

OCTOBER 19, 2020

Well, I asked Steven Thacker, one of our benchmarking management experts, exactly that question! What is Benchmarking? Benchmarking is essentially comparing; comparing one against another. Those levels are “benchmarks”. Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Logistics Viewpoints

APRIL 24, 2024

This is my first time attending Körber Elevate, and it did not disappoint, with over 800 attendees, 60 thought provoking sessions, and lots of networking and learning opportunities. Allowing customers to self-service issues reduces the time and resources needed to resolve problems. First, supply chains do not operate in isolation.

Course 227

Course Supply Chain Planning Software Predictive Analytics Software Optimization Software 227

Logistics Viewpoints

OCTOBER 2, 2023

FourKites CEO, Matt Elenjickal One of the two leaders in the real-time transportation visibility market is FourKites. ARC considers real-time visibility solutions, like the one from FourKites, one type of SCCN solution. ARC considers real-time visibility solutions, like the one from FourKites, one type of SCCN solution.

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

The Logistics & Supply Chain Management Society

MARCH 14, 2023

With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely volatile. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Supply Chain Collaborator

JULY 25, 2016

Benchmarking TMS data improves and enhances service levels by providing comparisons of customer service-related activities. . _. TMS SuperUsers use their solutions to drive comparisons not just of their current performance against their past performance.

Benchmarking 60

Benchmarking Data Logistics Network Optimization Software Supply Chain Software 60

Logistics Viewpoints

JANUARY 16, 2023

Just as any chef will tell you that anything less than the best quality ingredients can render a dish inedible, so too, bad data can turn any data-driven IT effort sour.”. When enterprise implementations take longer than expected, almost all do, the amount of time needed to clean up the data is often the leading factor.

Data 197

Data Supply Chain Planning Software Benchmarking Supply Chain Software 197

Logistics Bureau

JULY 18, 2017

If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Some Common-sense Warehouse Benchmarking Metrics. Correctly packaged in the right quantity.

Benchmarking 41

Benchmarking Supply and Demand Metrics Warehousing 41

Logistics Bureau

FEBRUARY 13, 2018

He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. Explain benchmarking to me as if I were a five-year-old….

Benchmarking 40

Benchmarking Thailand Asia Malaysia 40

Supply Chain Shaman

JUNE 29, 2021

We share the report to help companies benchmark and reflect. The use of market data decreases demand latency (time to sense and translate market shifts). Companies that outperform their peer group while driving improvement and driving value (either by price to book or market capitalization) make the winners list. It seems easy, right?

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

Enterra Insights

JANUARY 18, 2024

As we tackle the rise of AI-generated data, organizations will need to spend time and oversight validating the data or risk hallucinated results.”[3] Imagine being able to anticipate customer demand, optimize your supply chain and make informed decisions in real time. With AI, we can do just that. AI-enhanced Automation.

Trends 264

Trends Predictive Analytics Software Modeling Software Optimization Software 264

Logistics Viewpoints

SEPTEMBER 4, 2023

A 95% on time delivery metric – very high performance – is just not good enough for Simmons. When it comes to delivery to their own production facilities, “on time” is defined as the truck being at the dock at its appointment time. For their customers, “on time” is customer defined. Speed is of the essence.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Logistics Viewpoints

MARCH 27, 2023

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. When will the recession hit?

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Freight Plus

SEPTEMBER 25, 2018

That's why we benchmark. Here are 5 reasons you should be benchmarking your carriers: Growth. How has your company grown since the last time you sat down at the table to look at numbers? So, when is the last time you reviewed your rates? A box to Shanghai that cost $2200 just 4 years ago could be $1200 in today's market.

Benchmarking 40

Benchmarking Purchasing Training Negotiating Skills Cost Reduction Strategies 40

Logility

NOVEMBER 2, 2022

Second: Real-time analysis and visualizations. Market dynamics change, and the model needs to be redesigned and deliver value just as quickly – instead of in weeks or months. The traditional formula of minimizing costs and maximizing efficiency is no longer enough – instead, tradeoffs need to be made.

Optimal Sourcing 130

Optimal Sourcing Network Design Software Network Optimization Network Design 130

Logistics Viewpoints

JUNE 30, 2021

APQC has conducted benchmarking and best practices research on supplier risk management. APQC is a nonprofit organization focused on benchmarking, best practices, performance improvement, and knowledge management. It goes beyond just identifying alternate suppliers. Understanding the time involved is often overlooked.

Risk Management 226

Risk Management Scenario Planning Supply Chain Planning Software Supply Chain Disruption 226

Logistics Bureau

FEBRUARY 6, 2023

Instead, they are primarily unsure how to go about it, or their leaders have been preoccupied with other elements of supply chain operation and just haven’t gotten around to it. But we’re determined to enlighten you about their existence because, with that knowledge, you can avoid making KPI mistakes in your supply chain.

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

AIMMS

MARCH 16, 2020

Just a few decades ago, processes were still fairly linear and easier to control. Has your supply chain planning process evolved with the times? Take the assessment below to uncover learnings and benchmark yourself against peers. The world of supply chain has changed. Is your tech stack helping or hindering your progress?

Supply Chain Planning 156

Supply Chain Planning Gartner Scenario Planning Supply Chain 156

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This involves not only identifying the volume and frequency of shipments but also delving into specific requirements, such as: The advent of Digital Freight Procurement Tools , means users can now compile the above data in a fraction of the time spent previously.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. As the supply chain team contemplated this growth, they realized that they had to envision a future, not that many years out, where the company could be generating up to three times their current sales.

Customer Service 192

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

Logistics Viewpoints

AUGUST 25, 2021

SaaS solutions are becoming the norm in the industry, and this does not just apply to smaller companies that are targeting Tier 2 and Tier 3 customers. Improve Real-Time Visibility. Real-time visibility solutions are more important than ever. Look to the Cloud. Invest in Last Mile. Turn to Machine Learning.

Price Reduction 284

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 284

AIMMS

FEBRUARY 4, 2019

As we wrote in Part I of this series , we recently ran a quiz to help supply chain professionals benchmark their network design maturity. Our quiz has revealed many challenges people are struggling with, perhaps the biggest one is that it takes a long time to get the answers they need. You can’t just “set it and forget it” anymore.

Supply Chain Design Software 232

Supply Chain Design Software Supply Chain Network Software Network Optimization Supply Chain Planning Software 232

Logistics Viewpoints

JANUARY 10, 2024

Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. While we look ahead to the future, I think it is also important to look back on the year that was.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 246

Logistics Viewpoints

APRIL 24, 2023

The visibility to spend allows them to provide excellent benchmarking in several areas. Coupa just released a supply chain collaboration network (SCCN) solution that runs on their BSM platform. Raja Hammoud, EVP of Products at Coupa, speaking on the main stage at Coupa Inspire Coupa recently completed its Inspire conference.

Supply Chain Design Software 202

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

Logistics Viewpoints

NOVEMBER 6, 2023

The Carbon Action portion of these scorecards benchmark a supplier’s ability to collect and disseminate emissions data. As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

Supply Chain Shaman

SEPTEMBER 10, 2023

On a call, Pete gave me a hard time. I don’t think that he was clear in his mind on framing the problem, but he was just sure that planning was not as effective. At the time, the supply chain teams at Companies like Kraft were more mature in their understanding of supply chain planning than I find today. Why does it matter?

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Logistics Viewpoints

OCTOBER 25, 2022

Having a sustainable supply chain won’t just reduce costs and emissions. Global retail sales are expected to grow to $27.3 trillion USD in 2022 , up 5.0% from last year. For companies to achieve reductions in carbon footprints, they should look to sustainable investments in their supply chains for the greatest impact. The added benefit?

Sustainability 230

Sustainability Supply Chain Design Software Supply Chain Planning Software Cost Reduction Strategies 230

BlueYonder

FEBRUARY 29, 2024

A WES ingests real-time signals from across the warehouse, conducts data-driven analysis, and dynamically replans and reprioritizes tasks. It maximizes resource utilization, service levels and profit margins by matching labor, equipment and robotics with work requirements in real time, on an ongoing basis. billion in 2022 to $3.12

Logistics Network Optimization Software 95

Logistics Network Optimization Software Analytics Software Optimization Software Predictive Analytics Software 95

Logistics Viewpoints

MARCH 23, 2022

The rise of visibility solutions at the container level is helping to drive the transportation execution market to new heights, with real-time visibility as a major growth driver. Real-time visibility tools are generally most effective for over-the-road shipments. These changes can add significant time to the ETA.

Real-time Visibility 213

Real-time Visibility Analytics Software Forecasting Software Predictive Analytics Software 213

AIMMS

FEBRUARY 4, 2019

As we wrote in Part I of this series , we recently ran a quiz to help supply chain professionals benchmark their network design maturity. Our quiz has revealed many challenges people are struggling with, perhaps the biggest one is that it takes a long time to get the answers they need. You can’t just “set it and forget it” anymore.

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Network Software Supply Chain Planning Software Network Optimization 156

Freightos

AUGUST 29, 2019

So, they broadened, rolling out new service offerings like guaranteed delivery times, booking commitments and improved shipment tracking. Automation also frees up more time to sell. Sales executives currently spend just 45% of their time on customer-facing activities. The Game Changed. The Technology Was Available.

Logistics Network Optimization Software 202

Logistics Network Optimization Software Real-time Visibility Price Reduction Cost Reduction Strategies 202

Logility

AUGUST 4, 2023

As we’ve seen, it’s not uncommon for project owners to run a project like this just once in their entire career. KPIs help you benchmark whether you’re achieving the outcomes that equal value success. Selecting a new enterprise technology or supply chain planning software provider can be wrought with challenge and risk.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Logistics Bureau

OCTOBER 20, 2021

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. Damage-free delivery: This measurement is sometimes incorporated into the in full KPI, but can just also be a stand-alone metric. The 6 Most Useful Supply Chain KPIs.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Supply Chain Game Changer

OCTOBER 29, 2020

If you are a freight forwarder or NVOCC, your freight sourcing team needs to have a good knowledge of the carriers that operate on your trade routes, which carrier is stronger on which route, who is the preferred carrier, which carrier offers the best value not just in terms of price, but also service and service reliability.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Kinaxis

JUNE 9, 2017

and changed CEOs many times in the past 10 years. times higher than the second-ranked supply chain, with Samsung at 15.1. Lastly, I just don’t see the value of having the corporate social responsibility (CSR) category. In this area, Gartner should push the metrics benchmark. Once again – Peer vs Gartner.

Gartner 166

Gartner Supply Chain Software Supply Chain Benchmarking 166

New Horizon Supply Chain Blog

OCTOBER 21, 2022

The Association for Supply Chain Management (ASCM, formerly APICS) just announced a major update to their Supply Chain Operations Reference (SCOR) model, in what they’re calling “the most significant update since the inception of SCOR in 1996.” To foster adoption, it is accessible to anyone, not just ASCM members as in the past.

Modeling Software 52

Modeling Software Modeling Sourcing Strategies Gartner 52

Procurement Academy

DECEMBER 1, 2022

However, when you’re in a learning environment, thanks to human psychology, there’s a little endorphin rush when you correctly answer a question about something you’ve just learned. In addition, when a learner misses a question, they pay more attention to that topic during the recap, leading to even better retention the second time around.

Buyer Training 52

Buyer Training Benchmarking Exercises Supply and Demand 52

ToolsGroup

MAY 4, 2020

It’s not just disruptive events like pandemics that lead to chaos; it’s the way people react to them. Highlights enhanced customer support including scenario simulation and KPI monitoring and benchmarking to help companies to be ready for anything. Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120