GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. It's the view from outside that allows 3PLs to orchestrate all aspects of freight management from within the network through transportation optimization.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

GlobalTranz

APRIL 5, 2017

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? As explained in this blog post , the guide details how to proceed with all possible scenarios for inbound shipments to reduce their associated costs. The information only gets grimmer from here.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

4WL Consulting

JULY 8, 2015

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Optimal Sourcing 100

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. appeared first on QAD Blog. Supplier Relationship Management Benefits There are many benefits to supplier relationship management , all of which contribute to a healthier business.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Supply Chain Matters

OCTOBER 12, 2022

On the other hand, transportation metrics continue their slowed pace, reaching the second highest level of capacity growth, and the third fastest rate of price contraction in the history of the index. Interestingly, Transportation Utilization is the outlier here, as both utilization metrics in the index were up significantly in September. ”.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Supply Chain Shaman

DECEMBER 13, 2015

For one customer that I was working with, it was E2open for hi-tech procurement, GT Nexus for ocean freight, CH Robinson for over- the-road transportation, SupplyOn and Exostar for communication with A&D customers, and Elemica for communication with rubber and plastic suppliers. The solutions to close the gaps are not so easy.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

Supply Chain Matters

JUNE 7, 2023

not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. percentage points to an all-time low value of 27.9,

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Supply Chain Matters

MAY 23, 2022

The Supply Chain Matters blog continues to highlight for readers specific global and regional supply chain indices that depict both trending production activity levels, as well as supply chain volatility. The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Zipline Logistics

JANUARY 10, 2023

Starting his career in carrier procurement and management within a Fortune 100 logistics company, Lynch has held positions of responsibility in all areas of third-party logistics. CPU is an alluring logistics option in which your customer picks up your freight for you. Andrew Lynch x Authority Magazine Interview.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Supply Chain Matters

FEBRUARY 14, 2024

As the WSJ specifically noted in its reporting: “ According to Maersk’s estimates, freight rates will revert to pre-disruption levels as record new-vessel deliveries make their way into service even if the Red Sea problems persist for the whole year. ” More real-time visibility to end-to-end material flows and clog points.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

TMC

JANUARY 14, 2016

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. It’s easy to get bogged down in streams of data generated by inappropriate metrics. Lack of understanding.

Analysis 54

Analysis Analytics Software Supply Chain Planning Software Sourcing Strategies 54

TMC

SEPTEMBER 1, 2016

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. It’s easy to get bogged down in streams of data generated by inappropriate metrics. Lack of understanding.

Analysis 48

Analysis Analytics Software Sourcing Strategies Supply Chain Planning Software 48

BlueYonder

DECEMBER 22, 2017

JDA’s TMS also audits tender compliance from carriers based on metrics, such as carrier acceptance rates. The solution can observe primary tendered carrier auditing, such that carriers that were rightfully offered freight given their capacity commitment, then reject the load, are tracked for contract compliance. Modeling Suggestions.

Puerto Rico 40

Puerto Rico Capacity Optimal Sourcing Transportation 40

Supply Chain Game Changer

NOVEMBER 9, 2018

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. Poor metric performance (eg. Too many metrics, no targets, and no focus. Poor leadership. 10 Different Definitions!

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 43

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. Because procurement executives were so focused on cost, they did not worry about shipment velocity. Well, what about air freight?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

TMC

SEPTEMBER 22, 2016

A key part of our daily discussions is customer KPI metrics. Team members who are responsible for specific KPIs are expected to keep the group updated on the performance of the metrics they manage on behalf of customers and flag challenges that need to be addressed. Promotes a team ethic. This post is credited to Chris Torrence.

Optimal Sourcing 48

Optimal Sourcing KPI Logistics Network Optimization Software Supply Chain Network Software 48

TMC

SEPTEMBER 27, 2018

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Researchers found that Leaders had certain freight attributes that worked together to improve freight performance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Researchers found that Leaders had certain freight attributes that worked together to improve freight performance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

Supply Chain Collaborator

MARCH 4, 2015

Intelligent Procurement. Freight Payment Accuracy. Without a solid solution in place, transportation departments only get a look at this kind of metric at the end of the 30 day reporting period. Routing Effectiveness. Up to 2% savings. Load Building Utilization. Up to 3% savings. Mode Selection. Up to 2% savings.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Optimal Sourcing Optimization Software Supply Chain Software 60

Supply Chain Game Changer

JULY 29, 2021

Saudi Arabia shipped 80 Metric tonnes of liquid oxygen to India and Portugal assured 20,000 litres of oxygen per week to India along with 5503 vials of Remdesvir. HLL is acting as a nodal agency of Union Health and Family Welfare Ministry in the procurement and distribution of medicines and medical equipment.

India 105

India Supply Chain Saudi Arabia Portugal 105

Supply Chain Shaman

SEPTEMBER 3, 2015

While forecast accuracy, if used well, can reduce safety stock, what I find in the study of the global multi-national is the rise of cycle stock due to increased item complexity, and the increase of in transit inventories due to longer freight lanes and longer cycles in ocean transportation.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

ThroughPut

FEBRUARY 23, 2024

You can conveniently work with the right suppliers by analyzing pricing, quality, and delivery times as the system helps you identify reliable suppliers, thereby, streamlining the procurement processes. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you. All of this at the best price.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Game Changer

NOVEMBER 13, 2018

Blog post originally published by Michael Massetti, Executive Partner at Gartner, at [link] and permission to publish here provided by Michael Massetti. Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. The post How Machine Learning Is Redefining Supply Chain Management appeared first on IQMS Manufacturing Blog. no opt-in).

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Supply Chain Collaborator

NOVEMBER 10, 2015

Everyone likes free stuff; especially freight carriers who haul for organizations without TMS and the rules-based tendering such software delivers. Without TMS, a shipper cannot enforce rates, routing guide compliance and a host of other metrics critical to efficient transportation planning and spend. Everyone loves donuts.

Negotiating Skills 60

Negotiating Skills Optimal Sourcing Freight Optimization Software 60

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Streamline standards , including in procurement, packaging, and delivery. Recommend ways to enhance performance metrics such as inventory, delivery, and overdue orders.

Supply Chain Planning Software 96

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

DynaSys

JANUARY 13, 2021

Sudden capital & cash shortfalls caused service levels to plummet and procurement and operations to scramble for alternatives. Your Finance department is minding this metric in particular. The post 10 COVID-19 Lessons for a Resilient Supply Chain appeared first on QAD Dynasys Blog. Above all, preserve your cash.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 61

QAD

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs. So, we can not truly say that the sourcing process begins with supplier management.

Supplier Management 94

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

ToolsGroup

APRIL 1, 2022

In this blog post, we’ve compiled a list of over 100 supply chain crisis statistics to help you stay informed and build a more agile, resilient supply chain. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte ). Wall Street Journal ). Bloomberg).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

FLEXE

JUNE 14, 2018

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Consider outsourcing expertise to augment your supply chain. Determining Your Delivery Promise.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

FLEXE

JUNE 14, 2018

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Consider outsourcing expertise to augment your supply chain. Determining Your Delivery Promise.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

QAD

FEBRUARY 15, 2023

A great plan must be executed against, and include financial metrics. You must understand the impact on business performance as changes in one area are propagated through the end to end supply chain — so the effect on procurement, manufacturing, supply chain/ distribution are clearly understood. appeared first on QAD Blog.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52

SYSPRO Smarter ERP

MARCH 14, 2022

It’s important to set measurable metrics to determine the success of these campaigns. Typically, these high-impact areas are: Procurement. The post How food and beverage manufacturers can reduce costs and improve profits appeared first on SYSPRO Blog. After all, if they’re not making money, why run them? Production. Promotions.

Manufacturing Procurement 105

Manufacturing Procurement Cost Reduction Strategies Material Savings Beverage 105