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For instance, students might be tasked with developing a logistics plan that involves coordinating with multiple stakeholders to ensure the timely delivery of goods. Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution.
Measuring and Improving Procurement Strategy Performance A successful procurement strategy is data-driven andsupports continuous improvement across key metrics such as cost savings, supplier performance, delivery reliability, and ESG compliance. Examples include IT, logistics, and critical raw materials.
It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
Measuring and Improving Procurement Strategy Performance A successful procurement strategy is data-driven andsupports continuous improvement across key metrics such as cost savings, supplier performance, delivery reliability, and ESG compliance. Examples include IT, logistics, and critical raw materials.
In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supply chains, ensuring that products reach consumers faster and at lower costs. Oil and gas production is more than just an energy source—it is the backbone of modern industrial progress and global trade.
Finance became more powerful with the evolution of the global supply chain, but they tend to lack the knowledge needed to exercise this power. But we have seen other issues amplifying variability with a negative impact, especially in logistics. In many organizations we are still in thrall to the almighty finance department.
A lack of seamless communication, logistical bottlenecks, such as transportation delays or warehouse capacity constraints, and differing priorities between these key nodes in the supply chain can create friction. These metrics provide quantifiable data that reveals the impact of stock balancing efforts and identifies areas for improvement.
One attack on a global logistics company in 2022 shut down operations for three days. Use red team exercises to see how far someone could get through a vendor connection. How Do IT Supply Chain Attacks Actually Happen? By Richard Pearson (pictured) Content Writer 49 Views IT supply chain attacks are no longer rare. The source?
Now, with the publishing of the February 2025 Logistics Managers Index , there is added evidence that manufacturers and retailers have been pre-loading inventory levels at considerable volumes to hedge the expected impacts of increased U.S. import tariffs, including likely retaliatory tariffs. The reported overall value of 62.8
Include: Objectives and success metrics Preferred supplier profile or sourcing model Key risks and mitigation actions Stakeholder roles Timeline and next steps The more clearly you document and communicate your strategy, the smoother the execution phase will be. Your strategy needs to balance these perspectives.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. A seemingly cheaper supplier may be more expensive when you factor in all logistical and regulatory costs.
Supply chain leaders who are exercising a modicum of control over tariff volatility have created the right conditions for AI success. In the automotive sector, manufacturers are deploying AI to track the origin of thousands of components, model tariff impacts and drive faster sourcing decisions.
Today’s transportation and logistics HR leaders are facing a rapidly evolving regulatory landscape that’s re-tuning employer obligations, employee rights and the boundaries of workplace management. For companies already balancing economic volatility, operational risk and workforce demands, staying current on these changes is no small task.
And now on to this week’s logistics news. The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 UPS announced Sunday it plans to sell its truckload brokerage business Coyote Logistics to the technology-enabled brokerage RXO for $1.025 billion. This certainly sounds like a lofty goal.
With such dramatic reductions in flights, Singapore’s status of a logistics hub was put severely at risk. With broad-based support packages, targeting hardest-hit industries like aviation, coupled with support of a strong logistics ecosystem, reinforced by global players such as DB Schenker.
The supply chain planning cannot be effective if implemented by a supply chain function that is focused only on customer service, logistics and distribution. In addition, I am now done with the page proofs for my new book, Metrics that Matter. Instead, he wants to drive supply chain excellence and build the metrics that matter.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. To learn more, visit Open Sky Group today.
If you wince at the words, you’re not ready for ANY major improvement exercise. It will be tricky to drive change because they are likely the CEO’s “dashboard metrics”. Many measurements are sacred to the board or other metric owners. Learn the principles, apply them as taught, then “remix”. . 3. You’re doing it wrong.
Include and report on Sustainability metrics as part of the S&OP cadence: Given the investor pressures and evolving consumer choices, sustainability is a rising priority with many companies pledging to be Carbon neutral within the next decade. One off recommendations are made about facility locations (i.e., He received his Ph.D.
Mr. Beery began by visiting Procter & Gamble, UPS Logistics, the devices division at Microsoft, and other companies with advanced supply chains. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions.
Historically these roles are siloed, focused on their own functional metrics. Too often forecasting is an exercise is done by a demand planner, who tosses it over the fence to someone else to fulfill. The post How Supply Chain Orchestration Can Help Prevent Drug Shortages appeared first on Logistics Viewpoints.
Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider.
A 95% on time delivery metric – very high performance – is just not good enough for Simmons. An RFP is a data intensive exercise. Simmons has corrected this problem; they are now using a TMS from Kingsgate Logistics for inbound freight. That factory also aims to rapidly process the raw materials into product.
Are you ready to excel in logistics management? The SCMDOJO Logistics Management Track is your ultimate logistics training pathway. It’s designed to equip you with the skills and knowledge needed to thrive in the logistics industry. Visit Website to Read Full Program Why SCMDOJO Logistics Track is Unique?
The most common goals of supply chain visibility include the following, but as your company completes this exercise, be sure to include quantifiable metrics: Reduce business and supply chain risk. Cosmas Hoefnagels is Vice President of CLX Logistics Europe. Improve lead times and performance.
Warehouse logistics is the heart of any supply chain operation, assimilating and dispatching goods to ensure availability and timely delivery. One of the best ways to reduce shipping costs and ensure fast delivery is by optimizing warehouse logistics. What is warehouse logistics?
As Tom Derry, CEO of the Institute for Supply Management, shared in PBS , “It’s been the hardest year for logistics and supply chain managers,” Pafford said. In addition to physical exercise, the stress-relieving advantages of contemplative exercises like yoga, meditation, and Tai Chi are well documented.
In many cases, we like to make this exercise into a friendly competition: challenge the planners to create the best plan for one small planning problem, and award prizes to the winners. Spoiler alert: To achieve the best KPIs, you’ll need to adhere to the best practices!
191 qualified global logistics practitioners were surveyed in 2015 by American Shipper magazine for their seventh annual benchmark study of transportation management. However, here is a distillation of the best practices for approaching transportation and logistics IT initiatives provided at the conclusion of the report.
More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Metrics such as rework rates or defective products help you understand how well your operations are working. Model your results if delays hit logistics.
At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. 4: Use Standardised Metrics. The answer is to benchmark your freight, of course.
List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013. 8) Supply Chain 4.0:
If you’ve never done a benchmarking exercise before, read on. What would be the key number, or metric that you would need to know? This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business. The Benefits of Benchmarking. Formal Benchmarking.
Today’s supply chains are increasingly complex, driving logistics operations to invest billions in systems to manage all the moving parts. The potential value of that data is huge for logistics and supply chain operations, but it’s also enormously valuable for other business units, including marketing, sales, production, etc.
On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. You don’t necessarily need to use all the following metrics in your procurement department. 7 Procurement KPIs You Should be Using.
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. A culture of continuous improvement is one which help foster trust and partnership.
Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. Because you can find plenty of other articles on this blog and the Logistics Bureau blog if you’d like to peruse such lists. The Right KPI Mix: Cost and Service-Centric Metrics. How hard can that be?”
Because of the changes to the retail and CPG industries, forward-thinking sporting goods shippers are looking to logistics as a differentiation strategy. Those that can exercise control and uncover visibility into key supply chain processes are shown to fare better than competitors.
It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
” Cognitive technology solutions, like the Enterra Global Insights and Decision Superiority System ( EGIDS ), can help companies perform important “what-if” exercises to help them anticipate and plan for the future. ’”[6] If your company hasn’t considered leveraging digital twin technology, the time is right to do so.
The pandemic has caused Supply Chain professionals to scramble to restore supply lines, respond to highly volatile demand patterns, find alternate logistics channels, and work under the restrictions of home quarantine. But the time will come when day to day Supply Chain issue firefighting will ease. What was the experience in every channel?
In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.
Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Reverse logistics. Delivery service levels.
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