This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?
Having a reliable supplier can help prevent delays and stockouts, allowing your business to focus on providing excellent service to your customers. Moreover, cashless payments can also provide valuable data on customer preferences and purchasing habits, which can be used to further optimize your inventory management.
Also, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. Despite all the efforts, what’s stopping your retail and e-commerce businesses from providing excellent delivery experiences to your customers? Today, customers are leaning more and more towards sustainable deliveries.
If you recently scored a purchased order (PO) from Walmart, congratulations! On February 1 st , 2024, these requirements changed to 90% for on-time and 95% for in-full metric s. The consequences of not meeting OTIF standards go beyond fumbled revenue for not having product on the shelf. You must be super excited.
Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). Peters and Waterman in their best, sellerIn Search for Excellence identify one of the eight factors of organisational success as sticking to the knitting. But what of the balance?
Partnering with a tech-enabled fulfillment company can enable you greater visibility into stock levels across your sales channels and warehouse locations to inform your procurement strategy for JIT inventory. Just-in-time (JIT) inventory offers a leaner, more cost-effective alternative to traditional purchasing and production models.
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
Gartner says, adding that “They are approaching the current environment from a data-driven analytical method that wasn’t nearly as prominent five years ago.” Financial performance metrics are valuable as they capture the economic consequences of business decisions. Supply Chain Digest Says.
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? What do you say?
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
Click here to send us your comments In response, the National Motor Freight Traffic Association (NMFTA) has just released a framework it says can help shippers, carriers and brokers fight back against the growing and increasingly sophisticated threat of digitally enabled cargo theft. What do you say?
In the first facility management was focused on controlling the workforce through individual metrics. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs?
Eurasian Rail Freight: Demand for rail freight between Asia and Europe has surged, leading to congestion and longer booking times. Organizations should trial rail options where feasible, weighing higher costs against faster transit. Contingency planning for alternative ports is essential.
Click here to send us your comments That according to a recent blog post by the maritime analysts at Drewry, which noted that “More than five years have passed since the huge shipping disruptions, damaging port congestion, and cost spikes of the Covid period, but one feature has remained: freight rate volatility.”
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
All that is distant memory now, as the maker of freight trucks powered by hydrogen fuel cells announced it had begun selling off its assets. But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. March The US CDC announced that the number of US births in 2024 was 3.6
Click here to send us your comments The Cass report showed May shipment volumes in the US were down 3.4%seasonally The monthly report from Cass and partner Tim Denoyer of ACT Research is based on data from the billions of dollars of freight bills that Cass pays for its shipper clients. Supply Chain Digest Says.
Meanwhile, our supply chain and logistics stock index, which is made up of more than 20 stocks across freight carriers, logistics service providers, and supply chain hardware and software vendors, lagged the S&P, with a gain of just 10.3% in the past year, using an unweighted average of the 22 stocks in the index.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. Again this year, Penske Logistics funded the report development. Somewhere along the way, CSCMP took over the sponsorship.
Commandment 9: Insist on User Friendliness Independent of the effort put forth to design a system, purchase hardware and develop software, the single biggest test of implementation occurs when an operator attempts to scan bar coded media. This can be a pleasant experience (it is most of the time) or controversial.
He founded a new freight company called “Federal Express,” to denote his national ambitions. Without those constraints, FedEx could afford to buy larger planes and by 1983 had revenue over $1 billion. Financial performance metrics are valuable as they capture the economic consequences of business decisions.
That was captured in the SOL report by the chart below, which shows uncertainty, as tracked by something called the Economic Policy Uncertainty Index from an organization of academics using the same name as the index. Source: State of Logstics Report 2025 May you live in interesting times, as the Chinese saying goes.
There is no shortage of reporting tools, green fuel pilots or glossy ESG statements. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs?
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
Another manager in the computers and electrics sector stated that: “Tariffs continue to cause confusion and uncertainty for long-term procurement decisions. reported in May (above 50 = rising prices), so prices rose again but at a somewhat smaller rate). Source: ISM However, of the 18 sectors tracked by ISM, 9 reported growth in June.
Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is a firm's earnings over a period of time determined by sales less product costs and general/adminsitrative costs? Michael Hurd Lean Consultant, Unemployed Posted on: Jun, 10 2017 A Very Good Article.
TuffAir’s site states that it plans to launch in the fall, “with high performance aircraft, lean operations and a scalable model to connect overlooked freight corridors across the Midwest. TuffAir argues that its strategy is unique and is designed to facilitate cheaper, faster regional air transit for freight. ( What do you say?
Around 47% of consumers state they are likely to purchase from a brand that includes diversity in its advertising. That is, why certain colors might be problematic, how family structures influence purchasing decisions, or what social media platforms matter in different regions. Target often excels at this.
Electric Charging Station Installs Soar in Q2 According to a report from Transport Topics this week, 703 high-speed, public charging stations opened in the US in the second quarter, the second-largest such infrastructure boom on record, according to Department of Energy data. kilowatt-hour (kWh) per mile. An y reaction to t hese stories?
Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.
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.
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.
We are lucky to also feature the great supply chain of Staples, who recently purchased Office Depot. Supply Chain Management Academic Program Gets Hands on Experience from Staples’ Supply Chain Excellence. Douglas Meredith Professor of Teaching Excellence and associate professor of supply chain. We hope you enjoy!
And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.
As a 3PL focused on transportation management , and especially LTL freight management , Cerasis is well positioned to help you achieve the "Best in Class Shipper" status. . Shipping freight inherently comes with a large amount data. Freight Spend Management. Monitoring of Key Performance Indicators and Reporting.
FreightCost Management eliminates post-audits and disputes. in FreightCost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates. Automation and Visibility reduce errors on shipment data and allow for proactive management to reduce expedited costs.
So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. customer satisfaction.
However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. “The net true cost considers issues such as waste-to-landfill, greenhouse gas emissions, economic mobility, worker safety and food safety. million employees without a focus on good supply chain management.
AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. It’s been about two years since OpenAI publicly released ChatGPT.
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. The Role of Digitisation and Analytics in Supply Chain Resilience.
The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.
According to the State of the Global Islamic Economy Report 2020-2021 a USD 2.4 In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. In summary, halal supply chain management = halal excellence of supply chain processes.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content