The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Logistics Bureau

AUGUST 2, 2021

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. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Jaggaer

MARCH 19, 2025

metric tons per person and in the European Union 5.66 metric tons per person. metric tons. Procurement has changed But how does all this affect us in the procurement community? Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Price Reduction Sourcing Strategies 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Logistics Viewpoints

APRIL 11, 2024

Supply chain orchestration enables seamless collaboration All this tinkering undoubtedly involves effort from across the supply chain, from sales to procurement to manufacturing to distribution and more. Historically these roles are siloed, focused on their own functional metrics.

Pharmaceutical 312

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 312

Jaggaer

MAY 21, 2025

Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supply chain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. What is procurements role in CSRD?

Procurement Analytics 52

Procurement Analytics Material Savings Sustainability Waste Reduction 52

Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68

Supply Chain Matters

MARCH 14, 2025

Administration are becoming either a noted concern or inventory hedging opportunity area for global based manufacturers and materials procurement teams. percentage points in inventory levels which were the fastest rate of expansion for this metric since June 2022. import tariffs, including likely retaliatory tariffs.

Inventory Reduction 52

Inventory Reduction Inventory Report Price Reduction 52

Proxima

MAY 15, 2020

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. It’s not a one-off exercise. The post Sustainable procurement: a platform to rebuild appeared first on Proxima. Supply chain/ critical supply.

Supply Chain Design Software 94

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Sustainability 94

Supply Chain Shaman

OCTOBER 6, 2013

When this happens, there is greater balance between metric trade-offs and resiliency in year-over-year improvements in corporate performance. I do not think that this will happen through the repurposing of indirect procurement networks (e.g., In our training, we try to build it down and combine the research with experiential exercises.

Supply Chain Network Software 225

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 225

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Communication of this kind will prevent any procurement delays. Metrics such as rework rates or defective products help you understand how well your operations are working.

Optimal Sourcing 95

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 95

Logistics Bureau

APRIL 4, 2022

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. What Are Your Freight Benchmarking Options?

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

Talking Logistics

JUNE 2, 2016

This begets the need to set the overall strategy for the divestment by way of an exercise, called “capability scoping.” This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

SCMDOJO

JANUARY 23, 2023

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.

Prescriptive Analytics Software 132

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 132

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

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 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). . We are discussing them.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Material Handling & Logistics

DECEMBER 14, 2018

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. to anticipate conditions that signal an emerging demand spike.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Game Changer

JUNE 23, 2020

This fact finding exercise should also include inputs from competitors, from other industries, and from all of your stakeholders. How did people manage through the situation? How did every node of the Supply Chain fare? What was the experience in every channel? What did customers and suppliers go through?

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Strategy 105

Supply Chain Game Changer

NOVEMBER 9, 2018

One of the top New Year’s resolutions is to start exercising. When I would ask the facilities for some summary of metrics showing progress the results were very inconsistent. Lack of Metrics and Reporting. If your organization has no standard set of metrics your Lean program has room to improve. All Rights Reserved.

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Lean Six Sigma Optimal Sourcing 71

Supply Chain Game Changer

JANUARY 12, 2021

Examples of fraud opportunities at all stages of the Supply Chain are enumerated by esourcingwiki.com.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 75

Supply Chain Game Changer

SEPTEMBER 12, 2022

But the more intellectual exercise is to figure out what happened to create those problems in the first place. The company had hired a new Chief Procurement Officer. Without this level of planning there were broken processes, missed metrics, customer delivery problems and financial losses.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Supply Chain S&OP 96

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

Taulia

NOVEMBER 2, 2020

The procure-to-pay process can be streamlined in a number of different ways, and one of the most important tools available is invoice automation. Two KPIs are better than one Often, companies only look at one of these two metrics – but in practice, it is important to measure progress in both of these areas.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

RFgen

DECEMBER 8, 2015

Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Supply Chain 24/7 suggested performing procurement exercises at the same time each year to create a sample of how operations function in similar climates. Create Seasonal Information.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

RFgen

DECEMBER 8, 2015

Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Supply Chain 24/7 suggested performing procurement exercises at the same time each year to create a sample of how operations function in similar climates. Create Seasonal Information.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Logistics Bureau

OCTOBER 19, 2020

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Good Data is Key to Success with SCOR. Sometimes it’s Good to Look Inward Too. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. It also exposes a massive opportunity for sustainability to lead the pack.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

When you complete your exercise, you should come away with a clear list of milestones you’ll hit. To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Map all supplying sites. Measure water usage at all supplying sites.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

Logistics Bureau

OCTOBER 10, 2024

Fortunately, it’s common for product families to share similar velocity metrics. Using Throughput Velocity as a Basis for Slotting The pace at which products move out of the warehouse is the metric that logistics managers typically prioritise in a slotting project. And remember that you don’t have to slot everything.

Warehousing 74

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 74

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Procurement Analytics Cost Reduction Strategies 52

NC State SCRC

FEBRUARY 13, 2021

The index will rely on existing data that illustrate factory conditions, producing a simple and objective indicator, allowing consumers to exercise informed ethical buying behavior in the apparel market. The EAI will provide a third-party metric to generate marketing media (e.g.,

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

DynaSys

JANUARY 19, 2022

Promotion Planning success depends upon: When embarking on a promotions planning exercise, there are several dimensions of the planning process that should be considered. The correct metric to measure promotions activity depends on the promotions strategy. It all starts with a comprehensive promotion plan.

Supply Chain Planning 52

Supply Chain Planning Scenario Planning Supply and Demand Material Savings 52

Proxima

MAY 2, 2020

If strategic sourcing creates value and transactional procurement locks in that value, then we know that a critical part of strategic category management is not only value creation, but an end to end understanding of the total cost of ownership. Quite simply, we know them better, and that helps us to anticipate.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Training Sourcing Strategies 52

EcoVadis

APRIL 18, 2017

In the recently released EcoVadis/HEC Sustainable Procurement Barometer , 97% of organizations surveyed consider sustainable procurement important or critically important. It is clear that mass adoption of sustainable procurement has arrived. Why not just follow the process used to gather other data from suppliers?

Survey 40

Survey Resource Reduction Material Savings Vendor Strategies 40