Freightos

APRIL 24, 2018

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight.

Freight 142

Freight Logistics Network Optimization Software Supply Chain Planning Software Los Angeles 142

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

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? This means that a near-majority of companies are faced with the pitfalls of internal, low-guidance systems for managing both inbound and outbound freight. Lack of Trading Partner Understanding.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

ShipBob

APRIL 26, 2023

For example, there’s a shortage of wheat and oil supplies due to trade disruptions in the region. The 2021 Suez Canal blockage , for example, put a temporary stop to a major portion of the global shipping industry. Make sure you have an accurate idea of lead times in relation to your production and procurement processes.

Supply Chain Planning Software 52

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

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. We regularly assess our environmental footprint to look for areas to contribute to environmental sustainability in our communities.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

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. My family is very entrepreneurial and set a great example of what levels of achievement were within reach with the right amount of effort.

Supply Chain Software 52

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

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. Less price volatility: When you have a good, healthy relationship with a supplier, you can work together to minimize commodity prices, exchanging fixed prices for a longer contract term, for example.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

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. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

MARCH 31, 2021

Let’s take a look at the coffee supply chain as an example. In our example above, it was logistics companies that were transferring coffee beans from growers to roasters, and then on to cafes, and it was logistics companies that were storing the beans between buyers. Freight bill accuracy. What is logistics?

Supply Chain Planning Software 69

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

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. Let’s talk about how you calculate the reorder point for your products (with some examples) and how you can use it in your business. Example 1: Becky’s bakery. Go digital.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

American Global Logistics

DECEMBER 7, 2022

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 The immediate impact on shippers was to be more flexible in their procurement and shipping strategy.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

ShipBob

JANUARY 6, 2023

Report on important performance metrics. Transportation management systems also enable you to automate your freight tendering process. By automatically dispatching carriers, you can significantly expedite steps such as booking and tendering of freight. Allows you to track freight movement in one place. Payment management.

Supply Chain Planning Software 52

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

BlueYonder

DECEMBER 22, 2017

With the recent hurricanes that have hit Florida, Texas and Puerto Rico, we’ve seen another practical example where assumptions on carrier capacity are challenged at inopportune times. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas.

Puerto Rico 53

Puerto Rico Capacity Optimal Sourcing Transportation 53

Enterra Insights

APRIL 8, 2019

They need a general understanding of everything from procurement of raw materials to customer service. We have established business metrics and we love to quantify our business strategies. For example, consider Vitruvian Man, a naked male in a circle and square, with relational and proportional measurements. ”[4].

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 100

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. Off-target targets. Lack of understanding.

Analysis 54

Analysis Analytics Software Supply Chain Planning Software Sourcing Strategies 54

Talking Logistics

DECEMBER 4, 2017

For example, I learned that there’s a difference between cement and concrete, even though many people use the terms interchangeably. Streamline, automate, and compress Order-to-Cash and Procure-to-Pay processes. Cement is one of the raw materials that goes into making concrete, which is the finished product.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

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. Off-target targets. Lack of understanding.

Analysis 48

Analysis Analytics Software Sourcing Strategies Supply Chain Planning Software 48

Talking Logistics

FEBRUARY 18, 2015

Within contract negotiations, for example, or carrier mode selection or mode optimization, there’s the opportunity for continuous process improvement. This is where financial visibility – especially from an accounting or procurement perspective – plays into the organization. The other aspect is carrier and mode optimization.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

ThroughPut

FEBRUARY 23, 2024

Even as some supply chains are struggling to harness the power of AI for multiple reasons , some others are already setting great examples. 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.

Predictive Analytics Software 59

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

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 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

BlueYonder

DECEMBER 22, 2017

With the recent hurricanes that have hit Florida, Texas and Puerto Rico, we’ve seen another practical example where assumptions on carrier capacity are challenged at inopportune times. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas.

Puerto Rico 40

Puerto Rico Capacity Optimal Sourcing Transportation 40

TMC

SEPTEMBER 22, 2016

For example, at TMC, white boards are at the center of our daily discussions that help to drive customers’ key performance indicator (KPI) programs and provide status updates on active projects in the pipeline. A key part of our daily discussions is customer KPI metrics. Promotes a team ethic.

Optimal Sourcing 48

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

Elementum

JUNE 30, 2022

For example, in a Recession the economy could contract by 2%. Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Javier Echevarria has joined Ingredion as their Chief Procurement Officer. He will be the new Chief Executive Officer of Flexport, a freight forwarding company.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Supply Chain Game Changer

MARCH 23, 2021

These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. When a Procurement team is asked to find a new supplier to perform a particular service or supply a specific type of components, parts or materials there are a large number of steps required to bring this result to fruition.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Negotiating Skills 64

Unleashed

MARCH 23, 2021

Materials management involves the sourcing, procurement, storage and utilisation of direct or indirect materials (see below) used in the manufacturing process. For example, flour for bread, wood for furniture, hops for beer. This is where materials management comes in – and materials managers themselves. Direct materials?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

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

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Cathy Roberson

APRIL 6, 2022

But I’ll throw out “who are my vendors’ vendors” as an example of something that’s typically intentionally opaque for proprietary reasons, not technical, and can have a big impact on my business.” Milestone updates is chips to get in the game. we want to see adjustments. I wear a number of hats these days.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Supply Chain Collaborator

MARCH 4, 2015

Intelligent Procurement. Freight Payment Accuracy. In this example note how the line haul cost and fuel cost broken out separately. 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.

Logistics Network Optimization Software 60

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

ShipBob

NOVEMBER 6, 2023

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Doing this analysis helps you make informed decisions about freight shipments, find out if you’re overspending, and gain greater visibility into freight shipments.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Game Changer

OCTOBER 8, 2019

A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Think about the typical set of objectives and metrics associated with managing a Supply Chain. Why Disintermediate the Supply Chain? Conclusion.

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

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

Talking Logistics

FEBRUARY 22, 2013

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. This is also another example of how the lines between 3PLs and technology companies continue to blur. Con-way Truckload and Con-way Multimodal Join Forces to Launch New Intermodal Service for North America.

Optimal Sourcing 100

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

Supply Chain Game Changer

NOVEMBER 13, 2018

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. One example is in the world of out-sourced software development. Strategic is a term that is often overused.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64

DynaSys

JANUARY 13, 2021

And, among numerous examples of competitive disruption, new product strategies, such as White Claw’s 2019 upswing impacting the beer industry , are similarly noteworthy examples of frequently observed disruptions limited to particular markets. Examples: Apparel and other general merchandise, home repair, furniture.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 62

Supply Chain Game Changer

NOVEMBER 12, 2018

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The examples listed above are meant to be illustrative and not exhaustive. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership. Conclusion.

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 43