SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Efficient logistics management is crucial to coordinate transportation, track shipments, and manage delivery schedules. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 115

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 115

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

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. Carriers: Carriers are the transportation companies responsible for physically moving the goods from one location to another.

Logistics Network Optimization Software 93

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 93

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. A production schedule is a document that tells manufacturers which goods need to be produced, when they need to be produced, and the production methods.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Supply Chain Shaman

DECEMBER 13, 2015

We can connect through EDI, but a document has latency and limitations for unstructured data. Last night, I was sitting with a friend that got transportation updates every hour from the GPS on the truck that he had tendered earlier that day on his cell phone. There are other options, but each has limitations.

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

GlobalTranz

MARCH 23, 2016

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Talking Logistics

MARCH 2, 2016

Here are some recommendations: Identify and document the root causes of poor supply chain visibility. no metrics, operate in functional silos). Define and document Supply Chain Mapping business processes. The root causes generally fall into three categories: IT issues (e.g., poor training); and Process issues (e.g.,

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100

Material Handling & Logistics

SEPTEMBER 13, 2017

As transportation providers begin to recover from the immediate disruption and delays caused by the hurricanes, the greater domino effect of the hurricanes on supply chains will begin to appear. The Institute for Supply Management (ISM) recently released the results of a special survey to assess how Hurricane Harvey impacted six key metrics.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. A metric that does what it says on the tin – measures the accuracy of freight bills. Transportation costs.

Supply Chain Planning Software 69

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

Talking Logistics

FEBRUARY 4, 2016

These teams then can identify the root causes that created shortfalls in reaching goals and ensures that the solution is documented. And the customers will feel that added value not only in metrics but also from a morale perspective. Keith Richard is Vice President, Operations, Transportation Management, at Transplace.

Six Sigma 100

Six Sigma Optimal Sourcing Agile and Lean Supply Chain Logistics Network Optimization Software 100

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

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

Talking Logistics

NOVEMBER 10, 2014

Specifically, the company deployed a Vendor Interaction Portal (VIP) powered by Elemica to exchange documents like purchase orders and invoices with suppliers (for direct procurement). BASF’s goals included: Automating the end-to-end Purchase-to-Pay process from purchase requisition to invoice.

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 171

Talking Logistics

FEBRUARY 22, 2013

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. In addition, users are able to view events of a shipment, imaged documents, and can email their account representative with questions on a particular move. Robinson load numbers.

Optimal Sourcing 100

Optimal Sourcing Logistics Network Optimization Software Manufacturing Procurement Supply Chain Design Software 100

Requis

MARCH 23, 2021

Sustainability should impact procurement choices, such as favoring lower embodied carbon products over higher embodied carbon products. One way to quantify the global warming potential of embodied carbon is a document called an “environmental product declaration”, which is a way to provide transparency on a product’s total carbon footprint.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

Supply Chain Shaman

AUGUST 16, 2015

GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. It is clear. I am not surprised. It is the opportunity.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

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. The tool also helped support a well-documented statement of work, and ensured that the right regulatory requirements and questions were being addressed in the contract.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis. Let's learn more about them.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Talking Logistics

DECEMBER 12, 2013

Like Santa’s reindeer-powered conveyance, your Transportation Department has options available to get the job done. Drive savings across your enterprise by using your TMS to manage your transportation network, domestic and international, inbound and outbound. But, are you using all of the options available to do the best job possible?

Optimal Sourcing 100

Optimal Sourcing Analytics Software Optimization Software Modeling Software 100

The Logistics of Logistics

JUNE 15, 2013

The Top 10 Transportation Management Systems. Each year as businesses of every size and industry fight to broaden market share the same old questions haunt the boardrooms, “How can we reduce transportation costs? Transportation Management Systems. JDA Transportation Manager. How do we streamline our supply operation?”.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Network Software Modeling Software Optimization Software 100

GlobalTranz

AUGUST 9, 2016

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. Transportation takes time.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Cost Reduction Strategies Lean 120

Logistics Viewpoints

MARCH 31, 2022

With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. The industry’s well-documented labor shortages are not ending anytime soon. million in transportation savings over a three-year period by leveraging a TMS. Dynamic Price Discovery.

Logistics Network Optimization Software 206

Logistics Network Optimization Software Supply Chain Planning Software Predictive Analytics Software Optimization Software 206

ShipBob

NOVEMBER 15, 2021

Procurement and manufacturing. Treat procurement and manufacturing as part of your logistics network , as opposed to a silo. Include demand forecasts in your procurement planning, so that you do not accidentally over- or understock particular SKUs. Transportation and distribution. Logistical Process. Planning tips.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

E2open

DECEMBER 8, 2022

In transportation and logistics, carrier discoverability and enhanced visibility into late deliveries enable shippers to mitigate transportation risks and avoid on-time-in-full (OTIF) penalties. This often results in the wrong focus, policy infringements, and diminished loyalty to the brand owner.

Supply Chain Network Software 60

Supply Chain Network Software Supply Chain Planning Software Analytics Software Forecasting Software 60

Unleashed

APRIL 12, 2023

Here are some more differences between B2B and B2C fulfillment: B2B orders cost more to ship, can take longer to reach their destination, and may require specialized handling equipment for loading onto dedicated freight transporters. B2B procurement contracts can last for prolonged periods and be worth millions of dollars.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Supply Chain Design Software Supply Chain Software 52

Supply Chain Shaman

AUGUST 21, 2016

I urged him to take his corporate strategy document and set up a meeting with each profit center manager. For most companies, greater economy of scale is possible through the global management of procurement and transportation and local management of sales, manufacturing and customer service.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Price Reduction 150

GlobalTranz

JUNE 2, 2016

Procurement can have a supplier embedded in their location as well. If you don’t measure this partnership, you will never know how both parties are doing as to meeting the agreed upon metrics, including cost reduction efforts and continuous improvement. This living document should be reviewed monthly, at first, then perhaps quarterly.

3PL 120

3PL Manufacturing Procurement Optimal Sourcing Resource Reduction 120

Precoro

AUGUST 15, 2022

ERP or enterprise resource planning is software companies use to automate core business processes and integrate their functions, such as accounting, project management, procurement, and supply chain operations, into a single system. These systems are hard to use , which makes the procurement process overcomplicated and inefficient.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52

Supply Chain Shaman

OCTOBER 7, 2012

These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Agile Transportation and Distribution Networks: The use of alternate routing and mode, cross-docking, yard management and warehouse management to absorb changes in volume and the shifts in tasks.

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 226

6 River Systems

JUNE 29, 2020

One is time to recover (TTR), the time it would take for a particular node in the supply chain — a supplier facility, a distribution center, or a transportation hub — to be restored to full functionality after a disruption. . “Our methodology has two central elements. The current crisis exposes the vulnerability of this approach.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

6 River Systems

JULY 25, 2019

As if this wasn’t enough, transportation costs are rising and forcing companies to constantly adjust and optimize. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions. They are multi-national and do $3.5B/year.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Supply Chain Game Changer

JANUARY 29, 2020

This regulation will see the largest reduction in the Sulphur content of the transportation fuel under taken at any time in the history. million metric tons annually. A vessel provides economies of scale to transport feedstock (crude or other feedstocks) or refined products to market. The current maximum fuel oil limit of 3.5%

Cost Reduction Strategies 67

Cost Reduction Strategies Virgin Islands Price Reduction Inventory Reduction 67

Arena Solutions

MARCH 8, 2024

As soon as we have a new supplier, we can add their data straight into Arena: where they are, their mode of transport we use to get their products to our manufacturing sites. Most of the time we realize that this is information that also is used by supply chain managers or procurement then, as well.

Material Savings 52

Material Savings Resource Reduction Supply Chain Design Software Manufacturing Procurement 52