SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

The Logistics & Supply Chain Management Society

APRIL 26, 2022

The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier. In fact, global freight rates have increased tenfold since the start of the pandemic. Internal data alone won’t cut it.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

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

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

Logistics Viewpoints

DECEMBER 8, 2022

When it comes to executing mode-specific freight moves from origin to destination efficiently, reliably, and cost-effectively, transportation execution and visibility solutions play a critical role. and FourKites are building a data platform that aims to predict shipping delays and prescribe alternative plans for their customers.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Network Software Supply Chain Planning Software 188

Zipline Logistics

MAY 25, 2021

According to data from the Consumer Brands Association (CBA), CPG sales in 2020 grew by 9.4% Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods. cost per case.

Procurement Analytics 69

Procurement Analytics Food Report Optimal Sourcing 69

Intelligent Audit

JANUARY 18, 2022

Actionable analytics and meaningful logistics intelligence are essential elements in freight. Actionable analytics gather large volumes of data and interpret it in a meaningful way, translating it into effective business strategies. Freight shipping costs are climbing.

Analytics Software 52

Analytics Software Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 52

3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. independent performance metrics and analytics for management decision support.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

ToolsGroup

APRIL 1, 2022

But, before we dig into the data – let’s start on a positive note: Supply Chain Statistics Show Challenges, but the Industry Remains Resilient. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. CEVA Logistics and other Eco-Skies Alliance leaders will work with United Airlines to collectively purchase approximately 3.4 MORE FROM THIS EDITION.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Most of all, predictive maintenance strengthens each link in the network. The solution?

Predictive Analytics Software 59

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

GlobalTranz

DECEMBER 29, 2014

To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. Finding Freight Consolidation Opportunities . Freight consolidation offers a multitude of benefits to CPG brands. roads generate about 7% of U.S. million cars from U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Locus

JULY 24, 2023

Supply chain management involves the transportation of freight between locations, and load matching is a small but critical aspect that drives supply chain efficiency. Load matching can be understood as the pairing of freight with the most suitable transportation carriers. Thirty-five percent of trucks travel empty in the U.S.,

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Logistics Network Optimization Software 52

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. It has saved $275 million in logistics costs and 10m + kgs in Greenhouse gas emissions.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Intelligent Audit

OCTOBER 12, 2022

Annually, container ships contribute approximately one billion metric tons of carbon dioxide. You must report these. These need to be reported. They include energy sources your company purchased for its use, such as electric car refueling, electricity for the building, and similar types.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. This creates one source of truth for data and enables effortless data analysis and collaboration. You purchase in batches. Understanding Lead Time. Go digital.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

Intelligent Audit

FEBRUARY 17, 2022

Maersk , a global leader in transportation, supply chain and logistics management, and general freight, announced February 9, 2022, “The intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based The company had seen a massive acceleration in demand across all service levels, including air and ocean freight.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. By signing up to a cloud service provider, you gain access to new computing power, data storage and smart technology functions that can be set up in minutes and don’t require costly on-premise hardware. Cloud services also: Eliminate data silos by connecting disparate business functions (e.g.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

ShipBob

FEBRUARY 26, 2024

It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. This plan should be very specific, clearly laying out details related to order data and organizational management. Creating an order forecast – You then use the sales data to forecast your orders.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

GlobalTranz

FEBRUARY 25, 2021

Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store. Besides, failure of managing return logistics of such things may lead to an increased risk of exposing personal or company data.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. ERP software collects and organizes supplier data in one central location so you have better visibility into KPIs and can make more strategic supplier decisions.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Supply Chain Game Changer

AUGUST 21, 2022

In order to measure the efficiency of your supply chain, companies must track certain metrics. Metrics help to prioritize activities and improve processes. Some metrics are critical to meeting regulatory requirements and contractual obligations, while others track efficiency and service, which produce higher profits.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Unleashed

FEBRUARY 21, 2024

If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. This may involve freight partners. Depending on the policy and reason for returning, some customers may expect you to pay the shipping costs.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Supply Chain Shaman

DECEMBER 13, 2015

There is no system of record for data over time, and the use of a portal gives the posting company a false sense of effectively communicating. We can connect through EDI, but a document has latency and limitations for unstructured data. Today, 7% of order and purchase order flows move through business networks.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

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. All KPIS have metrics to measure. 3PL/SLA Skills/Knowledge.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

3rdwave

JANUARY 17, 2020

visibility to the port of entry to determine the status of a transportation unit for delivery priority, visibility to regulatory statuses at the port of entry, visibility to receipt detail, visibility to exception alerts when defined milestone events are not met, visibility to freight contract cost elements for freight audit validation.

Optimization Software 54

Optimization Software Supply Chain Optimization Demand Planning Software Supply and Demand 54

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Enterra Insights

SEPTEMBER 12, 2019

The staff at Legacy Supply Chain Services explains, “Consumers expect to find the products they want both in-store and online, to use technology to make purchases with the swipe of a finger and to have their purchase delivered to their doorstep the very next day. Lack of Inventory Visibility and Metrics. They are: 1.

Omnichannel 100

Omnichannel Logistics Network Optimization Software Retail Inventory Reduction 100

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Understand technology, information, and reporting tools and how to use them in the business. performance metrics to influence vendor behavior and impact sourcing choices.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

CH Robinson Transportfolio

NOVEMBER 4, 2020

Consumers now have higher expectations regarding their purchase experience—convenient pickup and delivery options; an increased demand for accurate, real-time visibility to their order; and easy to use, low cost transportation purchasing options are critical. You need a less than truckload freight management strategy.

Material Savings 44

Material Savings Cost Reduction Strategies Waste Reduction Inventory Reduction 44