Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

The Logistics of Logistics

JUNE 23, 2022

When asked what peak season is, it’s easy to assume the holidays are the only peak shipping season. However, four shipping seasons occur throughout the year and are often regular and expected. That was the case until the ongoing disruptions of the past few years changed the shipping game. Q2: The Produce Shipping Season.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

GlobalTranz

OCTOBER 6, 2021

With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. Leveraging a 3PL’s relationships, people, processes and technology helps businesses balance supply and demand volatility and secure reliable and consistent capacity.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Supply Chain Shaman

DECEMBER 28, 2020

In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. As error increases, there is a need for additional capacity. It takes more capacity as demand error increases.). He was controlling but lacking the understanding of a planning project. The answer?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Adopt performance metrics for carriers.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logistics Viewpoints

JULY 22, 2021

As shown in the map, the company has 4 distribution centers wherein each location is shipping to several places across the US (for the sake of simplicity we are not showing the manufacturing and sourcing locations here). Key capacity constraints will need to be effectively and optimally managed before pursuing expansion opportunities.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Supply Chain Matters

FEBRUARY 14, 2024

Shipping Lines Warn Red Sea Security Continues to Deteriorate Bloomberg reported last week that the CEO’s of two major shipping lines, which being Maersk and Norden, have both of the view that the security threat level of shipping traversing the Red Sea to and from the Suez Canal has continued to escalate. percent to 4.5

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Unleashed

AUGUST 20, 2023

In a survey of 1,000 organisations, 74% of respondents in the US reported delays in shipping and longer lead times during the coronavirus pandemic. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. Here are a few of the most useful ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

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. In September of last year, the spread of Transportation Prices to available capacity reflected a 55.1 for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

ThroughPut

OCTOBER 22, 2021

Nowadays, businesses are required to offer same-day shipping to not only meet escalated demand for goods but also fulfill customer’s expectations of faster delivery. Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. Capacity Buffer. Demand-driven Variability.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

American Global Logistics

DECEMBER 7, 2022

Likewise, ships could not sail into or out of Russia and Ukraine. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Putting that aside, the creation of this metric signifies the federal government’s increasing role in supply chain matters. #3

Russia 52

Russia Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

Supply Chain Shaman

OCTOBER 8, 2019

The organization, tightly capacity-constrained failed to forecast and build capacity ahead of market demand. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. The River of Demand. #3 3 More Than a Simple Triangle.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

OptiProERP

MARCH 15, 2022

The production schedule helps keep workers and machines at capacity. The warehouse is notified when to pick, pack, and ship materials to diminish expedited shipping fees. Greater metrics are gained to analyze performance and make informed decisions. Be sure you consider capacity, materials, and human resources.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Supply Chain Game Changer

JULY 29, 2021

High capacity oxygen tankers were airlifted from UAE. 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. Australia too sent immediate support package of ventilators, oxygen tanks and PPE Kits.

India 105

India Supply Chain Saudi Arabia Portugal 105

ShipBob

APRIL 26, 2023

Whichever shipping carriers were still operational were stretched beyond capacity, which meant that customers had to wait for much longer to receive their goods. The 2021 Suez Canal blockage , for example, put a temporary stop to a major portion of the global shipping industry.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Unleashed

OCTOBER 30, 2023

It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns. Procurement and purchasing Before goods can be sold and delivered to customers, they must be produced, acquired, and prepared for sale. Once an order has been processed, the items also need to be picked, packed, and shipped.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

GlobalTranz

JULY 8, 2016

Maintaining the best possible fleet for your shipping needs requires vigilance and the tracking of specific measures across their performance. Yet, all metrics and scorecards are not equal, and you need to know what metrics should be included in your carrier scorecard. Get The Full List Here. Get The Full List Here.

Transportation Management 125

Transportation Management Transportation Resource Reduction Cost Reduction Strategies 125

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal. This can be successfully executed by well fostered cross-team communication and shared business goals.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

NC State SCRC

MARCH 25, 2021

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. For many years, as we moved to low cost countries, the shipping industry benefited. It may take weeks, by some estimates.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Supply Chain Matters

AUGUST 8, 2022

Specifically indicated by report authors for the July report: “ Fueling this deflationary pressure are levels of growth in available Transportation Capacity (reading in at 69.1) Warehousing and Inventory metrics continue to buoy the logistics sector. that we have not seen since April of 2019.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

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. Supply Chain AI Use Case 4: Capacity Optimization The market out there is cutthroat and competitive and this is no secret.

Predictive Analytics Software 59

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

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. Streamlined processes for order picking , packing, and shipping. Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Talking Logistics

JUNE 2, 2016

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. Inventory reduction may also involve preventing excess inventory in the first place and adjusting procurement strategies to focus on SKUs that are more likely to sell.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

20Cube Logistics

FEBRUARY 17, 2022

According to several recent studies on the subject, there will be a significant reduction in the processing times involved in activities like shipping and customs. This involves procuring details of shipments at various times, and various legal requirements. It can be quite challenging to gather the data for such requests.

Freight 75

Freight Resource Reduction Cost Reduction Strategies Inventory Reduction 75

Supply Chain Opz

MARCH 26, 2015

It can be defined as below, “Sales and Operations Planning (S&OP) is an aggregate planning process that determines the resource capacity a firm will need to meet its demand over an intermediate time horizon—6 to 12 months in the future. Then you have to be more specific which service level or fill rate metric you are talking about.

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

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

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. This will enable you to shape optimal performance and select the best provider based on company requirements such as professional services, transportation, and shipping capabilities. Cost reductions.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

ThroughPut

OCTOBER 20, 2022

Organizations can rapidly identify distribution routes that do not meet OTIF metrics, are congested, or are simply unprofitable – not only at the supplier level but also at the product and store level. to guide appropriate regional capacity requirements for both individual location and point-to-point requirements. ThroughPut.ai

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

Vanguard Software

JULY 20, 2021

Supply planning includes distribution, manufacturing, and procurement. Supply planning is based on the forecasts that come from the demand planning process and is affected by capacity limits and material accessibility. Effective planning leads to efficient capacity utilization and smart resource allocation.

Supply and Demand 52

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

ShipBob

JANUARY 6, 2023

Report on important performance metrics. You’ll need to enter the measurement and capacity information for each vehicle and then use this in combination with your item dimensions to effectively plan loads. Helps you maintain trade compliance, which minimizes shipping delays and expensive penalties. Documentation management.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

TMC

SEPTEMBER 27, 2018

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Unleashed

JANUARY 10, 2023

Set up supply chain mapping and event planning Supply chain mapping is the process of documenting all of the individuals and companies involved in your supply chain, from manufacturing components to shipping out the finished product. Continue to optimise until your entire production ship is firing on all cylinders.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Unleashed

AUGUST 16, 2023

A backorder is a customer order that could not be fulfilled immediately but will be shipped out once the ordered items become available. How long a backorder takes to be fulfilled can be influenced by factors such as your supply chain, manufacturing process , shipping times, and the popularity of the product. What does backorder mean?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. SLAs should cover key metrics such as on-time delivery, order accuracy, inventory accuracy, and customer service responsiveness.

Logistics Network Optimization Software 90

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

Resilinc

NOVEMBER 9, 2021

The Scope 3 indirect emissions associated with companies’ value chains—their upstream supply chains and logistics and all the downstream activities required to get products to wholesale or retail customers—have been much harder to monitor because they are produced by thousands of suppliers, shipping companies, and other vendors.

Procurement Analytics 62

Procurement Analytics Purchasing Skills Supply Chain Vendor Strategies 62