GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. How Managed Transportation Enables Ongoing Optimization Across Your Network. Another Thing to Consider: Network Versus Execution-Level Optimization.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

GlobalTranz

APRIL 5, 2017

Instead of trying to gain visibility by tracking every detail involving inbound logistics on your own, the biggest roadblocks to effective inbound logistics management boil down to five reasons, and you need to understand what they are and how to stop them. In other words, the term, “metrics,” can be deceiving.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

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

Talking Logistics

JUNE 2, 2016

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. The post How to Capture Full Divestiture Value with a 3PL appeared first on Talking Logistics with Adrian Gonzalez.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry.

Supply Chain Planning Software 96

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

ShipBob

APRIL 26, 2023

How to better manage your upstream supply chain As you can imagine, disruptions and delays in the upstream supply chain are often unexpected and unpredictable. Make sure you have an accurate idea of lead times in relation to your production and procurement processes. Additionally, logistics planning should also be a top priority.

Supply Chain Planning Software 52

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

QAD

FEBRUARY 7, 2023

Being able to score each supplier based on the factors that affect your success gives you visibility into the overall value of each supplier and how to strategize and optimize the relationship. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

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

GlobalTranz

DECEMBER 29, 2014

To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

GlobalTranz

DECEMBER 27, 2017

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure? These will only contain posts written in 2017.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

GlobalTranz

JULY 8, 2016

Today, we wrap up our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Yet, all metrics and scorecards are not equal, and you need to know what metrics should be included in your carrier scorecard. Our last post covered the Top 5 Supply Chain blogs of 2016.

Transportation Management 125

Transportation Management Transportation Resource Reduction Cost Reduction Strategies 125

American Global Logistics

DECEMBER 7, 2022

But businesses are learning how to manage external disruptions and manage internal ones more effectively. 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

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

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. They optimize routes, consolidate shipments, manage freight rates, track shipments, and ensure timely and secure delivery.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

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. How to calculate the reorder point.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

Elementum

JUNE 30, 2022

Business leaders need to know what’s on the horizon and how to prepare their organizations. We review how those trends are likely to impact Supply Chain and what leaders can do to adjust. How could Stagflation impact Supply Chain? In it, he warns of six ways a downturn can impact the supply chain and how to mitigate them.

Procurement Analytics 78

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

Talking Logistics

FEBRUARY 18, 2015

Supply chain visibility and big data are hot topics and everyone is trying to figure out how to extract and analyze the data they have for better visibility and decision making. This is where financial visibility – especially from an accounting or procurement perspective – plays into the organization. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Talking Logistics

DECEMBER 4, 2017

Although the topic was centered on data — the type of data trading partners are currently sharing; its timeliness, accuracy, and completeness; and how it’s shared — the conversation was really about how to enable more efficient and effective collaboration across the HBM ecosystem. Why the increased attention and demand?

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

The Logistics of Logistics

JUNE 7, 2019

Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. The most important measure is the Paydex metric. 3PLs that specialize in other services like air freight, sea freight, warehousing, etc. Metrics / Key Performance Indicators (KPI). Financial Stability. Specialization.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Supply Chain Game Changer

NOVEMBER 19, 2018

A poor or negative cash position can cause Executives to look at how to reduce expenses to survive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Game Changer

JULY 29, 2021

Saudi Arabia shipped 80 Metric tonnes of liquid oxygen to India and Portugal assured 20,000 litres of oxygen per week to India along with 5503 vials of Remdesvir. HLL is acting as a nodal agency of Union Health and Family Welfare Ministry in the procurement and distribution of medicines and medical equipment.

India 105

India Supply Chain Saudi Arabia Portugal 105

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. Without it, you’ll struggle to achieve an accurate measure of how well your business is doing. This guide breaks down how landed cost is calculated, why it matters, and strategic ways to lower your landed costs and increase profitability.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

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

ThroughPut

FEBRUARY 23, 2024

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. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you. All of this at the best price.

Predictive Analytics Software 59

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

Unleashed

JANUARY 3, 2023

So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world. A few fast ways to reduce the cost of your regular business expenses: Compare supplier prices and procure better deals for stock and consumables.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! 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. Email Address.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64

Logistics Bureau

JANUARY 19, 2016

How to fix the problem: Some measures that your company can take to prevent supply chain cost blowouts as a result of inefficiency include: Implement a continuous improvement program, such as lean or Six Sigma. Implement performance metrics and monitor a selection of key performance indicator. Freight Costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Cost Reduction Strategies Negotiating Skills Agile and Lean Supply Chain 40

ShipBob

NOVEMBER 6, 2023

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. ABC analysis helps you understand how to manage inventory and make informed decisions about what items to restock.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Game Changer

NOVEMBER 12, 2018

How many functions in your company conduct themselves like they are islands? The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership.

Supply Chain Design Software 43

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

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

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. Inventory turnover is a highly useful metric for determining how quickly your business turns over its entire stock in a set time period. What is materials management?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

ToolsGroup

APRIL 1, 2022

Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte ). Wall Street Journal ). Automotive News Europe ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

DynaSys

JANUARY 13, 2021

Sudden capital & cash shortfalls caused service levels to plummet and procurement and operations to scramble for alternatives. Your Finance department is minding this metric in particular. How to Evaluate the Progress of Your Supply Chain. And on the supply and production sides, disease flare-ups, imposed shutdowns.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 61

Intelligent Audit

NOVEMBER 10, 2021

Strong RFP supply chain management practices and carrier network optimization services will allow for continued growth and success in the modern supply chain and freight shipping network.It’s important to understand the full scope of optimization, including what it is and how your team can improve it.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

Talking Logistics

JANUARY 18, 2017

But while there are many paths to achieving transportation savings — everything from taking a smarter approach to procurement to building loads and optimizing routes more effectively — what many companies continue to struggle with is sustaining those savings in year two, year three, and beyond. “I

Waste Reduction 100

Waste Reduction Sustainability Transportation Cost Reduction Strategies 100

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52