Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Streamlined processes for order picking , packing, and shipping. Key benefits of SKU rationalisation include: Easier inventory tracking of every SKU.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

FEBRUARY 1, 2023

It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. Review data from relevant sources This step requires an understanding of what data will be useful , and what should be left out. Doing it well creates significant advantages for the business.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

GlobalTranz

MARCH 24, 2015

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Maintenance repair was the next most expensive line item expense.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And finally, UPS raised a red flag by lowering its full-year EPS expectations.

Logistics Network Optimization Software 132

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

Intelligent Audit

DECEMBER 22, 2020

Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used. Sometimes a third party source outside of the company needs to be accessed for data. That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. Consider this.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Freightos

FEBRUARY 4, 2020

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. Sources: FBX and SGX. In summary, long term fixed-price shipping tenders/contracts do not protect carriers, freight forwarders or shippers from inevitable market volatility. .

Optimal Sourcing 238

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 238

Supply Chain Collaborator

OCTOBER 17, 2017

The third party logistics (3PL) model, while critical to smaller, low-volume shippers, has never been the best option for organizations shipping moderate-to-high volumes of freight. However the carrier management, rate management, rate benchmarking and a host of other performance metrics are absent from the 3PL-based tools.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Software Modeling Software Logistics Network Optimization Software 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. Getting the most out of your organizations’ logistics data requires total investment in the value that leveraging metrics can provide. What is Logistics Data? Total Transportation Spend.

Optimal Sourcing 52

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

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. I am often asked to benchmark demand. As a group, we drill into root issues. The company is a food and beverage company. Step Three.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Intelligent Audit

FEBRUARY 3, 2022

Freight bill auditing service providers help shippers determine the cost of shipping services and what to pay for those services. . Get better deals on shipping rates. Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Identify potential loss leaders so you can reduce carrier costs.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The use of customer segmentation strategies to define order policies for lead times, discounts, allocation, and shipping priorities.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Consultancy UK). Supply Chain Dive).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ThroughPut

DECEMBER 6, 2023

When companies leverage data from various sources such as sales history, market trends, and external factors, predictive analytics paired with supply chain intelligence provide valuable insights that enable better decision-making and proactive planning – like never before.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

Supply Chain Shaman

AUGUST 26, 2015

In supply chain demand benchmarking, we see serious degradation of the forecast in lag 1 (30 days in the future) versus lag 3 or 4 (or 90/120 days in the future), due to the inclusion of sales data in management overrides. Organizational DNA is defined by supply. Sensing the channel is critical to match manufacturing flows to the channel.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

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. Delivery Status: Indicates whether items have been shipped or delivered as scheduled. goods, services, or indirect spending).

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

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. The data is all anonymous, but retailers can look at metrics such as time to fulfill, pack time, conversions, and ship versus pick-up, to name a few, across hundreds of Active Omni customers.

Supply Chain Planning Software 209

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

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. Fifteen actionable steps that mitigate higher shipping rates’ impact. Benchmarking Capabilities.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Locus

MAY 25, 2022

The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. consumer shipping companies: Customer experience 2017-2022. Source: statista.com. Offer free shipping. Implement fast shipping with alternative order fulfillment models.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Alloy

OCTOBER 3, 2023

Channel Performance in Walmart Luminate is intended to act as your single-source of truth for sales, inventory and forecast data. Channel Performance in Walmart Luminate gives you a true omni-channel view of sales, whether the purchase is in-store, delivered, shipped to store, picked up, or shipped directly to the customer.

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Zipline Logistics

JANUARY 17, 2023

When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. Misaligned production, warehousing, and transportation functions are also a large source of supply chain inefficiencies, and they can cost brands big in wasted resources, time, and money. . Electric Vehicles .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Logistics Bureau

OCTOBER 26, 2020

Such technology, for example, can help organisations identify the fastest, cheapest, and most sustainable shipping routes. It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions.

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 84

Unleashed

MAY 2, 2022

These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Using inventory performance metrics can lead to: Happier customers – who get what they want, when they want it, at the price they’re willing to pay. There are a lot of inventory performance measures you could track.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Intelligent Audit

OCTOBER 26, 2021

Finding ways to keep costs in check often comes down to understanding the various shipping surcharges and how shippers can best avoid them through stronger shipping audits. A Single Source of Truth for Shipping Surcharges Management. Instability is among the singular constants affecting supply chain management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. As it takes time for shipping to reset back to ordinary capacity levels and flows, this change impacts rates, and can also influence other supply chain decisions where transportation rates and on-time performance play a major role.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

Intelligent Audit

AUGUST 26, 2021

Their strength rests in how shippers leverage technology and how they apply the data from myriad data sources to make sense of what’s happening and how it all affects transportation spend. Anomaly detection allows for benchmarking on extremely detailed KPIs when the shipper steps out of its determined guardrails.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

Logistics Bureau

OCTOBER 26, 2020

Such technology, for example, can help organisations identify the fastest, cheapest, and most sustainable shipping routes. It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 52

Talking Logistics

FEBRUARY 1, 2019

req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Having greater access to data, particularly benchmarking data, is also empowering shippers.

Logistics Network Optimization Software 104

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 104

Unleashed

JUNE 8, 2023

Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations. They’re also the ones that source those suppliers and speak to them on behalf of the purchasing company. In this guide to procurement: What is procurement?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

EMERGE App

OCTOBER 4, 2018

Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Remember to use metrics such as the order fill rate to judge just how well you are managing your orders and thus stock levels. How is your business really doing?

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Infosys Supply Chain Management

JUNE 28, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. These measurements can then be compared to OEM guidelines or an established baseline or benchmark. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 22

Intelligent Audit

MAY 9, 2022

In addition to improving efficiency, shippers will also realize impressive savings as it is 67% less expensive to outsource freight payment services according to a JOC freight payment benchmark study. . Standardize Shipping Cost Audits for Apples-to-Apples Comparisons. Establish and Maintain a Thorough Strategy and Internal Plan.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Many shipping and logistics companies, and the clients that use them, have not been adversely affected by business volume shortfalls. Take an approach of diversification towards sourcing raw materials, components, and products.

Optimal Sourcing 57

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 57

Intelligent Audit

AUGUST 3, 2021

The lack of end-to-end visibility and applicable metrics has made it difficult for parcel carrier s and shippers to envision the value of data and analytics within their network systems. Knowing where the company stands and what shipping solutions remain practical are key points all logistics managers need to remember.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Analytics 52