The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

ivalua

FEBRUARY 27, 2023

Consequently, staying on top of these financial trends gives manufacturers a critical edge in predicting their bottom line. Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

The Logistics & Supply Chain Management Society

MARCH 14, 2023

What tools we can use to benchmark ocean freight and carriers’ service reliability? Types of Ocean Freight Contract POSSIBLE TOOLS FOR BENCHMARKING RATES Like in any industry, we gather market Intelligence through our own network. This network could be customers, other shippers and also carriers, and 3PLs.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Shipsy

MAY 28, 2021

Let’s check out the other last mile delivery trends for 2021. Last Mile Delivery Trends 2021. In 2021 and beyond, we are expecting the following trends to play a pivotal role in improving last mile delivery logistics. Automation of last mile operations. Faster order fulfillment. Micro warehousing. In-house delivery system.

Modeling Software 52

Modeling Software Trends Analytics Software Supply Chain Design Software 52

GlobalTranz

JANUARY 10, 2017

The State of Supply Chain 2016 Trends. Most importantly, agile methods allowed for faster decision making across a virtually limitless stream of issues, and this trend held true throughout the year. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Talking Logistics

APRIL 12, 2018

DC Velocity and Descartes have conducted a transportation benchmark study for the last two years to help transportation professionals understand what is driving the market, and how the strategy and tactics of top performers differ from the rest of the pack. Figure 1: Transportation IT Spend Change Next 2 Years (Source: Descartes).

Transportation Management 104

Transportation Management Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 104

Logistics Bureau

FEBRUARY 6, 2023

3: Using Overcomplicated KPIs In our work with clients, we often come across KPIs that combine data from several sources and employ complex calculations. You may have completed the project without external assistance or engaged a supply chain consulting firm like ours that provides benchmarking and KPI services to assist you.

KPI 83

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

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. That’s been a massive trend.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Supply Chain Shaman

JUNE 21, 2023

Companies that operate separate systems for revenue management and demand management create a risk in understanding market trends and gauging price elasticity quickly. This trend leads to reactive behavior. ” For example, with the pending recession, I worry that many companies will lose first-mover advantage in pricing.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

SCMDOJO

OCTOBER 27, 2023

Sustainability and CSR Negotiation: Negotiating terms related to sustainability, corporate social responsibility (CSR), and ethical sourcing. Alternative Sourcing Negotiation: This negotiation explores alternative sourcing options when necessary. You do not want to miss out on current market trends and conditions.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Enterra Insights

OCTOBER 26, 2023

Companies can leverage social media to obtain consumer behavior analytics while also monitoring the industry, news and other sources that can indicate potential supply chain disruptions like the passing of a new regulation. 7] It should be clear that resiliency is built on a foundation of data. .”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

Supply Chain Game Changer

APRIL 15, 2020

Benchmarking. While it may seem simple, or mundane, benchmarking the digital solutions on the market should be the first step to any kind of digitalization. This is why benchmarking is a crucial part of going digital. Without benchmarking one can very easily shoot way too high, or aim far too low. Nelson Mandela.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Matters

MARCH 7, 2022

Cited is an estimate by JP Morgan Chase indicating that the global benchmark for Brent crude could reach $185 if Russian supply continues to be disrupted. We concluded that chief procurement officers, materials sourcing, procurement and supply management teams have encountered similar frustrations and associated challenges.

Price Reduction 52

Price Reduction Forecasting Supply and Demand Agile and Lean Supply Chain 52

Enterra Insights

JANUARY 3, 2019

Food trends. ”[3] Analysts from global hospitality company Benchmark note, “Meat-avoiders are much plentiful and changing the way chefs approach menu offerings. Now, wellness-focused brands, cleaning products, and beauty brands are trying to cash in on the trend.”[5] Regional flavors. ”[4]. .”

Food 100

Food Trends Oklahoma Predictive Analytics Software 100

Unleashed

FEBRUARY 1, 2023

Demand planning also considers factors such as: Your marketing strategy Seasonality Market trends Demand planning teams need to constantly be alert to technology advances such as in Artificial Intelligence or software tools which can be utilised to their advantage. They must draw on all these factors to create a ‘demand plan’.

Supply and Demand 52

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

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. When I go in to help a company, I first benchmark their supply chain ratios. As I work with these companies, I am noting a trend. Study the trends of your company on operating margin, gross margin and ROA together. It constantly amazes me.

Manufacturing Procurement 183

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 183

Material Handling & Logistics

JUNE 7, 2018

As the pressures on supply chain teams—including those for sustainability, cost efficiency, and disruption and risk mitigation—are increasing and growing in complexity, supply chain organizations are struggling to both collect and analyze an overwhelming amount of data scattered across different processes, sources, and siloed systems.

Supply Chain Planning Software 95

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Software Analytics Software 95

The Logistics & Supply Chain Management Society

JULY 16, 2023

This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity. The answers to these Muslim consumer needs and wants are in the alignment of the corporate halal maturity with these halal market trends and embracing more advanced halal standards by brand owners.

Risk Management 130

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

QAD

JUNE 25, 2019

The absolute measure is less informative than the trend in the metrics. Obsolete inventory may also indicate poor electronic communication network (ECN) and corrective action and preventive action (CAPA) processes, so if the number is trending upward, investigate both areas before changing any process.

Procurement Analytics 105

Procurement Analytics Metrics Inventory Reduction Inventory 105

Talking Logistics

DECEMBER 6, 2017

Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. Many factors can affect sourcing decisions, from raw material availability to labor costs to Free Trade Agreement (FTA) benefits or trade preference programs.

Optimal Sourcing 143

Optimal Sourcing Research Sourcing Trends 143

NC State SCRC

SEPTEMBER 27, 2023

Number 1 : I was and remain naturally curious – about the industry, emerging trends and sources of value. Having had the privilege to build many teams, one of the greatest sources of learnings I’ve had is to try and find people who push me to be a better leader. And I ask myself how can we make ourselves better?

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

ThroughPut

MAY 13, 2022

Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. – For example, you can now generate time-series sales forecasts and trends in Excel.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. – For example, you can now generate time-series sales forecasts and trends in Excel.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Movement

SEPTEMBER 26, 2016

This workshop stream will serve as a platform for benchmarking best practices and successful approaches to resolving key P2P goals and obstacles that are on the way to those goals. Benchmark change management challenges. We will also hear innovations on self-service supplier portal, eCatalogue, andeProcurement in general.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Build an industry peer group and gain insights on major trends. Ecolab was able to overcome the downward trend. Orbit Chart for the Period of 2010-2018 for Ecolab Showing the Trend at the Intersection of Operating Margin and Inventory Turns.

Supply Chain Design Software 250

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

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain Matters

AUGUST 11, 2022

In our Part Two look back commentary , we observed efforts and activities by businesses directed at restoring more direct control of supply network materials sourcing. Mid-Year Global Transportation Assessment. Hapag-Lloyd indicated that rates are about 80 percent higher than in the first half of 2022. Additional Thoughts and Perspectives.

Predictive Analytics Software 52

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

Unleashed

MARCH 6, 2024

An agile supply chain has key characteristics – such as resiliency, flexibility, and visibility – which enable businesses to adapt to new trends and increase productivity. Develop contingency plans for different legal and regulatory scenarios and situations, such as changes to trade agreements, tariffs, sanctions, or regulations.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. This advanced form of supply chain analytics offers agility and adaptability, setting new benchmarks for data-driven decision-making.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. Supply chain risk management maturity levels define how well a company has developed the risk management processes in comparison to industry benchmarks. Optimize sourcing decisions. How do businesses enable strategic sourcing?

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

ToolsGroup

OCTOBER 3, 2022

Source: Bloomberg.com. Retailers looking for extra holiday staff also face another risk: The growing trend of “quiet quitting.” Sourcing staff with the skills needed for a digitally-transformed economy also proves difficult–particularly when data analytics are essential to unlocking business growth.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Data collection Data collection is where you gather all the relevant information on your current SKUs using factors such as sales volumes, profitability of each SKU , market trends and customer feedback.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Arkieva

AUGUST 12, 2016

A new report by SupplyChainDigest: “Supplier Integration in an Outsourced Supply Chain World: A Benchmark Report,” showed a growing trend in supply chain outsourcing among manufacturing companies. Source: SupplyChainDigest.

Survey 60

Survey Cost Reduction Strategies Resource Reduction Supply Chain Software 60

Material Handling & Logistics

OCTOBER 30, 2018

It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

GlobalTranz

DECEMBER 29, 2015

However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark. Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

Tompkins Blog

MARCH 13, 2014

RALEIGH, NC — Shippers and carriers this year can expect to see many new trends related to transportation, as well as a continuation of several critical challenges from 2013. Trends in the Transportation Industry , a report by Tompkins Supply Chain Consortium, pulls back the curtain on today’s hottest transportation issues.

Report 67

Report Transportation Raleigh Supply Chain Network Software 67