The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Contracting / Award Pricing Terms and Agreement Service Level Agreement (SLAs) (E.g.,

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Material Handling & Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Take into account things like your current skill level, desired improvement areas, and professional objectives. Procurement and Purchasing Cycle Lesson 7.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

RFgen

MARCH 10, 2025

Mitigating Coordination Issues To combat these challenges, businesses must: Adopt a Shared Responsibility Model: Instead of shifting compliance burdens down the chain, firms should ensure direct engagement with lower-tier suppliers, improving transparency and ethical sourcing.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

Logistics Bureau

JULY 18, 2022

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. Other sources that can reveal details about your competitors’ supply chains.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 98

Logistics Bureau

OCTOBER 12, 2020

If you want meaningful supply chain KPIs, you need to live with the numbers they reveal. I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. A more meaningful KPI would measure how many deliveries you execute during the first hour of the customer’s given time window.

Supply Chain Strategy 52

Supply Chain Strategy KPI Material Savings Supply Chain Planning 52

BlueYonder

OCTOBER 13, 2022

It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases. Knowing your customers will give you greater confidence that you’re focusing on the right KPIs, which inform optimum volumes of products for your B2C operations.

Sourcing Strategies 98

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 98

Supply Chain Game Changer

SEPTEMBER 30, 2020

There are 3 things you need in order to modernize supplier evaluation, and truly gain data-driven buyer insights, and those are as follows: Clear KPIs / Supplier Evaluation Criteria (the What) Find the right Data Sources (the Where) Build Business Intelligence (the How?). Finding the right Data Sources.

Procurement Analytics 65

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 65

Zipline Logistics

JUNE 15, 2021

As industries evolved to meet the needs of modern consumers, the supply chain has become a reliable source of competitive advantage. Those that can exercise control and uncover visibility into key supply chain processes are shown to fare better than competitors. The benefits of the right logistics partnership are numerous.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Optimal Sourcing 52

KEPLER Consulting

NOVEMBER 24, 2017

Through this exercise, we clearly see how the essence of Supply Chain Management (systemic approach, vision sharing, animation principles…) is essential to face all challenges emerging. A simple mapping exercise reveals how complex SC became. STATEMENTS. #1 1 Value chain schemes involve a growing complexity for business Management.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 40

Unleashed

FEBRUARY 1, 2023

The demand planning and forecasting process The process of demand planning and forecasting can be extremely difficult, as it involves multiple teams across an organisation and data points from both internal and external sources. The KPI can be set monthly, six-monthly, or annually as suits the business.

Supply and Demand 52

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

ThroughPut

MARCH 3, 2020

To what extent are we leveraging open-source technologies? Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? That exercise should inform your next steps. Do this by asking questions: Why is a language used for this application, and is it used for any others?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

ThroughPut

MARCH 3, 2020

To what extent are we leveraging open-source technologies? Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? That exercise should inform your next steps. Do this by asking questions: Why is a language used for this application, and is it used for any others?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

Intelligent Audit

OCTOBER 27, 2022

According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source. Does the data come from a variety of different sources? Gain Clarity into Shipping Data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

NC State SCRC

JUNE 27, 2017

While this can be an interesting exercise, it oftens fails to answer the direct of question “how should the procurement process be improved?” They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). This is effectively a “snapshot” in time. > Product positioning – segment. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. Retail activity is extremely seasonal, with the majority of sales occurring between March and July.

Cost Reduction Strategies 77

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 77

Logistics Bureau

JANUARY 20, 2025

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. They can also aid you in identifying and implementing best practices to further your performance objectives.

Inventory Reduction 40

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 40

ThroughPut

JUNE 24, 2022

With all these influences coming to bear simultaneously, we are about to see a paradigm shift from simple reactive intelligence to predictive, adaptive and continuous learning systems that drive better decisions for continuous improvements using ML and AI in supply chain and ML on your existing data sources. 3) DIVE INTO YOUR DATA.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Infosys Supply Chain Management

JUNE 20, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Following are some of the key considerations which I think an organization should make to reap benefits from an optimization exercise in Asset management. Sourcing,Procurement,Contract & Spend Management (38).

Optimal Sourcing 25

Optimal Sourcing Asset Management Supply Chain Optimization Optimization Software 25

Logistics Bureau

NOVEMBER 30, 2024

Inventory Management in the Warehouse Inventory management begins with sourcing and cuts across purchasing and logistics functions. The major requisites for effective supply chain performance monitoring include: Starting with a benchmarking exercise to understand performance relative to the industry average and best-in-class companies.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Software 40

Logistics Bureau

JANUARY 2, 2025

So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. KPI dashboards and reporting: This is linked to tip #3 above.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Analytics Software Optimization Software Predictive Analytics Software 75

Logistics Bureau

OCTOBER 31, 2016

Inventory management begins with sourcing and cuts across purchasing and logistics functions. The major requisites for effective supply chain performance monitoring include: Starting with a benchmarking exercise to understand performance relative to the industry average and best-in-class companies.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Strategy 40