ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. This award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chains for competitive advantage. Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

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

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. What can possibly go wrong?

KPI 82

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 82

Logility

AUGUST 25, 2020

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Warehousing and transportation costs. KPIs that show performance relative to industry benchmarks and peer performance are usually strategic KPIs that may be assessed monthly or quarterly.

Supply Chain Planning Software 173

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

Unleashed

FEBRUARY 12, 2024

This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. Inventory carrying cost is the total sum of any expenses associated with holding inventory within a warehouse or storage facility until it is sold or used in production. What is inventory carrying cost?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management.

Risk Management 130

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

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Eliminate Before You Automate : Automation is critical to large, efficient warehouse operations.

Waste Reduction 274

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

CH Robinson Transportfolio

JUNE 9, 2022

Now you can obtain transportation services where you already operate as well. 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. Benchmarking and analysis.

Supply Chain Planning Software 70

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

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. ’ I answered that I did not know.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

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. With a network-based strategy, you not only see the logistics, transportation planning, and execution, but you can also see the order. They were designed to be enterprise-centric hub and spoke systems.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

CH Robinson Transportfolio

JULY 8, 2014

We’re sharing his original post here because transportation management is always a relevant topic. Please share your thoughts and read the blog post, The Importance of Change Management to a Successful Transportation Management Outsource. Outsource Solutions Supply Chain Transportation Management' A cross-functional team.

Transportation Management 55

Transportation Management Transportation Supply Chain Planning Software Supply Chain Planning 55

DAT Solutions

JANUARY 31, 2019

Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. That makes it faster to turn around the driver.".

Capacity 80

Capacity Portland Manufacturing Procurement Austin 80

DAT Solutions

JANUARY 31, 2019

Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. That makes it faster to turn around the driver.".

Capacity 70

Capacity Portland Manufacturing Procurement Austin 70

Talking Logistics

OCTOBER 20, 2021

The bad news is that it’s mostly bad news: congestion at ocean ports, shortage of drivers and warehouse workers, delayed deliveries, rising oil and gasoline prices, and the list goes on. The good news is that everyone is talking about supply chains today. When will it get better? Nobody really knows, except that it won’t.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Logistics Warehousing Supply Chain Software 130

BlueYonder

AUGUST 28, 2017

The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Transportation Optimization. Order Fulfillment.

Optimal Sourcing 43

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 43

BlueYonder

AUGUST 28, 2017

The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce. Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Transportation Optimization. Order Fulfillment.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 40

Logistics Bureau

DECEMBER 3, 2017

The SCLA program delves into the peculiarities of some of these special cases, such as beverage distribution, humanitarian logistics , and transportation of perishable goods. We also cover production and manufacturing to some extent, and touch on other functional areas such as human resources and procurement. Inventory management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

20Cube Logistics

FEBRUARY 3, 2022

Inventory got depleted in warehouses with no shipper coming to take it away. Delays in transportation led to the supply chain sphere incurring huge amounts of loss. Additionally, as we have mentioned, the demand for clothes and apparel also fell down drastically.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

Logistics Bureau

APRIL 8, 2016

To get an idea of the return on such an investment, consider these figures from Benchmarking Success. Your spend analysis and this basic benchmarking will show you where you are, and where you could be. More detailed cost benchmarking will help even further. Be aware also that different individual costs change. Supplier city.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Expense Reduction 40

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

AFFLINK

NOVEMBER 21, 2017

Not every victory involves something as grand as meeting yearly benchmarks - sometimes you just need to take a second to appreciate the fact that you rolled out new technology without creating a dozen additional problems for yourself down the road.

Agile and Lean Supply Chain 48

Agile and Lean Supply Chain Supply Chain Software Supply Chain Metrics 48

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

DynaSys

FEBRUARY 3, 2021

Some examples may be rules restricting availability of transport stock and routes, laws limiting workforce liberties or effectiveness, short-term working capital guidelines, etc. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

Logistics Viewpoints

AUGUST 9, 2022

How do we create systems that allow everyone in the ecosystem, from suppliers to transportation partners to retailers, to be not only more agile and responsive in the face of rapidly changing market conditions, but to be able to predict issues in advance and prevent them? Is it sitting at the warehouse yard, or has it reached the store?

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. This is a framework for defining the scope and phasing of the initiatives.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Unleashed

MARCH 9, 2021

What is procurement? 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. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Should you do it in bulk, in pallets, or other channels based on transportation, spoilage, and consumption factors? For example, what is the best way to source sugar?

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Requis

OCTOBER 30, 2020

People are still worried about having efficiencies in their warehouses, making sure they’re laid out properly, and having the right processes. A lot of companies now will have regional hubs with just smaller satellite warehouses in each country. People are still concerned about outsourcing logistics and doing that right.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Logistics Bureau

SEPTEMBER 25, 2016

If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena.

Benchmarking 40

Benchmarking Supply Chain Planning Agile and Lean Supply Chain Supply Chain Strategy 40

ShipBob

APRIL 15, 2024

It also factors in other expenses involved in holding, maintaining, and preparing inventory for sale, such as inventory storage , transportation, labor, and marketing. However, it’s also important to consider any industry-specific GMROI benchmarks to make sure that your business is keeping up with the competition.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Supply Chain Matters

MAY 18, 2022

Business process intelligence technology Signavio , acquired by SAP in January 2021 was described as the catalyst technology behind the RISE program, helping customers to benchmark existing processes, discover process inefficiencies and identify opportunities to transform to a more modular and agile business landscape.

SAP 52

SAP Supply Chain Design Software Supply Chain Planning Software Conference 52

6 River Systems

DECEMBER 13, 2019

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Logistics Viewpoints

FEBRUARY 28, 2022

As an E2open forecasting benchmarking report pointed out, “for companies trying to predict demand in March of 2020 as the world was descending into lockdown and everything was being turned upside down, what happened in March of 2019 had little to no relevance.”. During the pandemic, forecasting accuracy was terrible.

Optimal Sourcing 282

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 282

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Increased Shipping Costs, Delays, and Transportation Issues. Department of Transportation ). Deloitte ). Financial Times).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Logistics Bureau

MAY 31, 2016

On the other hand, products that sit in a warehouse beyond a certain period end up costing more in storage and associated expenses than their normal retail price. The inside-out approach of Stage 1 is now considerably more of an outside-in approach, as sales and marketing work better with procurement, manufacturing and logistics.

Cost Reduction Strategies 40

Cost Reduction Strategies Inventory Reduction Material Savings Expense Reduction 40