Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using. Supplier Lead Time. Cost per Purchase Order and Cost per Invoice.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

The Logistics of Logistics

DECEMBER 5, 2022

Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Brad Wheeler and Joe Lynch discuss the freight-tech dilemma.

Supply Chain Network Software 210

Supply Chain Network Software Logistics Network Optimization Software Sourcing Strategies Modeling Software 210

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Focus on Carrier Procurement and Management. That includes helping shippers manage the final mile procurement process and even offering in-house services that are available within the 3PL.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Logistics Viewpoints

OCTOBER 2, 2023

This allows the company to do some interesting benchmarking. Customers of these solutions also mention improved improved agility, improved transportation procurement , better warehouse and yard operations, better store operations for retailers, and other benefits as well. What accounts for FourKites Growth?

Real-time Visibility 219

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

Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. Use of Freight Rate Benchmarking. Negotiation Skills.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

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

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 17

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 17

Talking Logistics

OCTOBER 28, 2014

Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. Understand the full range of shipping alternatives your carriers can offer.

Expense Reduction 197

Expense Reduction Cost Reduction Strategies Price Reduction Capacity 197

Logistics Viewpoints

AUGUST 25, 2021

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. Second is to hire, train, and retain the best available talent.

Price Reduction 284

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 284

Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Tri-Valley Growers. Never completed ERP/SCM implementation. Bankruptcy. Huge loss of IT talent.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. 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

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. In other words, 10% of orders being shipped by companies who are median performers have some form of failure or defect, so 10% of order recipients are disappointed.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

SCMDOJO

NOVEMBER 9, 2023

Establishing Optimized Purchasing Procedures In the quest to ensure the stringent oversight of inventory, it becomes imperative to adopt procurement strategies that harmonize seamlessly with authentic sales history and demand patterns. Demand patterns are studied to come up with efficient inventory control templates.

Inventory Reduction 84

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 84

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. The potential opportunity to convert a significant portion of operating costs from fixed to variable.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

CH Robinson Transportfolio

JUNE 9, 2022

In fact, today you can procure freight rates from your transportation providers right in your TMS. There are many reasons to supplement your spot freight procurement with automated processes sooner rather than later. Access real-time rates earlier in your procurement process—making it easier to cover loads and secure quality service.

Supply Chain Planning Software 70

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

Supply Chain Matters

AUGUST 11, 2022

One of the benchmarks we referenced as part of our prediction was The World Container Index , a measure of container shipping rates among eight major global transshipment lanes, which is published by Drewry Shipping Consultants. Mid-Year Global Transportation Assessment.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

Supply Chain Game Changer

APRIL 29, 2020

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Know the market and the rates that are prevalent.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

Veridian Solutions

JANUARY 29, 2020

Limited visibility in procurement. A strong inventory is a benchmark for a working distribution fulfillment strategy. It ensures that your goods are secure and protected while enabling you to track what is available to ship to your customers. Smooth Shipping Processes. Free Shipping. Higher freight spend.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

Freightos

FEBRUARY 22, 2024

Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,764/FEU.

Price Reduction 177

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 177

ivalua

JANUARY 13, 2021

Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P. .

Procurement Solutions 235

Procurement Solutions Purchasing Skills Optimal Sourcing Negotiating Skills 235

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

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. How do you know you are getting what you paid for?

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Shaman

AUGUST 12, 2020

Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. As a supply chain leader, I would like for you to use the data for benchmarking to set your own goals.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Freightera

APRIL 6, 2018

This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. Why We Need Sustainable Shipping? First and foremost, sustainable shipping is the key to securing procurement contracts at some of the world’s largest retailers.

Sustainability 20

Sustainability Shipping Optimal Sourcing Waste Reduction 20

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. Matching their strengths with your service corridors leads to better performance and having a routine procurement process will ensure your carrier networks are aligned with your current demand.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Supply Chain Game Changer

FEBRUARY 27, 2019

For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. What to Do About It.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Intelligent Audit

AUGUST 25, 2022

Freight audit & payment (FAP) providers have long paved the way to gaining this visibility by looking at shipping invoices and breaking down freight spend. Shippers should focus on freight spend visibility due to the changeable nature of shipping costs and competition between carriers. Create Data-Driven Insights.

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

Veridian Solutions

JANUARY 8, 2020

Shipping rate brokerage. Procurement efficiency. However, those that follow these tips can work to ensure they have chosen the correct system: Benchmark your current operation. Better picking and packaging between stores. Reduced risk of fraud. Less segmentation and isolation of inventory. Real-time inventory visibility.

Supply Chain Planning Software 53

Supply Chain Planning Software Inventory Management Software Analytics Software Demand Planning Software 53

The Logistics & Supply Chain Management Society

JULY 14, 2021

We had to break them up into a lot of different modules, such as production management, order management, procurement, MRP, etc. For example, you have visibility into a container on the ship, see what orders are in there, and can reallocate if you need to – so that you can optimize services levels and costs. And that’s a huge problem.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

SupplyShift

NOVEMBER 29, 2021

Fashion houses are quick to highlight their recycled materials, vegan-friendly “leathers,” and eco-friendly tendencies but choose to omit the manufacturing and shipping process they depend on to produce the apparel, where more than 87% of GHG emissions come from. The fashion industry is an excellent example of this.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

SupplyShift

NOVEMBER 29, 2021

Fashion houses are quick to highlight their recycled materials, vegan-friendly “leathers,” and eco-friendly tendencies but choose to omit the manufacturing and shipping process they depend on to produce the apparel, where more than 87% of GHG emissions come from. Create supplier benchmarking reports and share them back with suppliers.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

Intelligent Audit

SEPTEMBER 15, 2021

Procurement improvements can boost efficiency and visibility. Chargebacks can lead to the shippers becoming responsible for refunding customers for a product and customer-paid shipping charges. If the service guarantee is not met, this will result in chargebacks to shippers.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Unleashed

AUGUST 21, 2019

Frequent mistakes could result in items having incorrect labels, being misplaced, lost or shipped out to the wrong customer. Monitoring manufacturing KPIs such as inventory turnover , procurement accuracy, order filling accuracy, employee performance, (just to name a few!) is becoming a widespread practice.

Manufacturing Procurement 61

Manufacturing Procurement Inventory Management Software Manufacturing Inventory Reduction 61