Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

QAD

FEBRUARY 7, 2023

Performance, quality, compliance, ethics, geographic challenges, and more must be considered in regard to each supplier to assess their value versus risk potential. These can be unique to your business or industry, but factors like quantity, quality, location, and price are commonly used.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Being in the logistics and transportation industry, we recognize our responsibility in preserving air quality, fighting climate change and accelerating energy transition. We are honored to partner with Changi Airport Group in this humanitarian effort for our friends in Indonesia.’’. Acting for Planet. Photo Credit: United Airlines.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

QAD

JUNE 17, 2021

Even without a global pandemic and its aftershocks, manufacturing supply chains are often brittle and can break easily when disruptions occur, leading to over- or under-utilized resources, premium freight costs, inventory write-offs, lost orders and faulty decision-making. Mastering Integrated Supplier Management.

Supplier Management 98

Supplier Management Supply Chain Planning Software Supply Chain Planning Supply Chain Software 98

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). What suppliers need help with cost (LEAN, labor, freight,…)? We are targeting much improved end-to-end planning in response to multiple demand sources.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

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. The main responsibility of a materials manager is to source the right goods at a reasonable price. Sourcing and purchasing. Right sources. Direct materials?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Intelligent Audit

DECEMBER 22, 2020

However, the efficacy of optimization, guided by business intelligence is only effective if you have quality data history and validity that provide actionable insights. Sometimes a third party source outside of the company needs to be accessed for data. The Big Benefits of Technology in Optimized Freight Management.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

GlobalTranz

JUNE 8, 2017

The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates.

Logistics Network Optimization Software 200

Logistics Network Optimization Software Resource Reduction Cost Reduction Strategies Modeling Software 200

Supply Chain Game Changer

AUGUST 21, 2022

Thus, logistics for a retailer begins at the source of the goods and extends to their final destination – the brick-and-mortar store. In order to maintain this quality, logistics managers must implement an efficient tracking system and coordinate with the delivery team. Metrics help to prioritize activities and improve processes.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights.

Predictive Analytics Software 59

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

Locus

DECEMBER 16, 2021

While the top apparel and accessory brands agree that product quality should get better with time, inventory priorities are always fluctuating. Only a modern and digital supply chain that is ever-evolving can manage the product quality, inventory volume, and fashion supplier relationships that the industry requires. Share and Enjoy !

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 52

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. With an effective data program, you can measure your past execution and use predictive analytics in the logistics industry to make the best decisions about your freight. What is Logistics Data? Contact Us.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Intelligent Audit

OCTOBER 27, 2022

What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? . Shippers can get a handle on their expenses by tracking freight invoices and improving their logistics strategy. . Does the data come from a variety of different sources? Freight Audit in Multiple Modes.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

3rdwave

NOVEMBER 8, 2018

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. This capability can be fully automated if the 3rd party freight providers provision their invoices electronically.

Supply Chain Design Software 79

Supply Chain Design Software Global Transportation Supply Chain Planning Software Optimization Software 79

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp.,

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Talking Logistics

MAY 22, 2018

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. Digital Freight. Blockchain.

Supply Chain Planning Software 121

Supply Chain Planning Software Logistics Network Optimization Software Estonia Predictive Analytics Software 121

GlobalTranz

FEBRUARY 13, 2015

One mistake companies often make is focusing on the lowest purchase price per item instead of considering the total landed cost of sourcing from offshore suppliers. Specify exactly what you need with respect to quality, cost, delivery, and service. Use key metrics and a scorecard system to understand if product is flowing as planned.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Strategy 120

Supply Chain Shaman

MAY 13, 2015

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. This work is typically periodic to accompany a freight bid or an end-to-end project.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

Cathy Roberson

APRIL 6, 2022

A good view into 'Spend Cube' & its components, suppliers, categories sourced, risk arnd sourcing geos (geopolitics etc), commodity price trends that may need forward buying - all roll up to improved upstream SC visibility. SusanP @Susan_at_Sea Continuously working on improving the data quality.

Real-time Visibility 52

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

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. The USISPF through donations from its member companies also sourced 1,00, 000 portable oxygen concentrators for home and hospital use.

India 105

India Supply Chain Saudi Arabia Portugal 105

Infosys Supply Chain Management

NOVEMBER 12, 2014

There are some important metrics which help make informed decisions on improvement initiatives. A basic yet powerful metric that usually is a good indicator of operating performance of a manufacturing business is the cycle time. A simple metric to start with would be to determine the On-time delivery to commit.

Manufacturing Procurement 38

Manufacturing Procurement Manufacturing Sourcing Strategies Material Savings 38

Freightos

FEBRUARY 4, 2020

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. Prices for everything and anything are subject to change and freight rates for containers are no different.

Optimal Sourcing 236

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 236

Unleashed

JANUARY 14, 2024

Raw materials Raw materials inventory is the basic inputs used to produce finished goods and one of the biggest sources of inventory waste in manufacturing. Ordering larger quantities also helps you to achieve economies of scale and reduces freight and transport expenses, but too much raw material inventory means an increased risk of waste.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

3rdwave

NOVEMBER 8, 2018

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. This capability can be fully automated if the 3rd party freight providers provision their invoices electronically.

Supply Chain Design Software 41

Supply Chain Design Software Global Transportation Supply Chain Planning Software Optimization Software 41

Talking Logistics

DECEMBER 4, 2017

Email is the by far the most common method used to exchange data with trading partners: In terms of data quality, there’s significant room for improvement across all dimensions: timeliness, accuracy, and completeness. Why the increased attention and demand?

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

Enterra Insights

APRIL 8, 2019

We have established business metrics and we love to quantify our business strategies. Da Vinci’s greatest quality was his curiosity. What are the best ways to move freight? . “As supply chain professionals,” Coates writes, “we can certainly learn and take inspiration from da Vinci. ”[4].

Supply Chain Design Software 100

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

Zipline Logistics

SEPTEMBER 21, 2021

These are report cards that grade suppliers on quality and performance, looking at common metrics like on-time delivery, inventory management, missed shipments, lead time, costs, etc. You may need to shuffle consolidation programs to separate your Sam’s Club orders from other freight. Sam’s Club OTIF Background.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction Sourcing Strategies 52

GlobalTranz

AUGUST 25, 2015

Freight costs are eminently controllable, however, efficiently managing this major budget item requires expertise. Here are just some of the typical issues that businesses encounter in undertaking self-management of freight transportation management. Skill Set Development. Bottom Line Strategizing.

Negotiating Skills 120

Negotiating Skills Cost Reduction Strategies Transportation Management Resource Reduction 120

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. In order to compensate a long waiting time, Adidas uses air freight or courier service.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Supply Chain Game Changer

NOVEMBER 17, 2020

Mistakes & set-backs are the great source for development opportunity. Sam Samadi, Head of Global Quality/Compliance at Casper. There are always going to be breakdowns in communication, un-forecasted demand, missed pick-ups, quality problems, unforeseen disruptions due to strikes, floods, volcano’s, whatever.

Global 53

Global Supply Chain Planning Software Negotiating Skills Purchasing Training 53

Supply Chain Game Changer

MARCH 23, 2021

These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. Is Your Supply Chain A Cost Centre or a Value Creator? GET our EBOOK HERE. Supply Chain responsibilities are vast in any organization. That is these tasks are the 90% of the iceberg that most can not see.

Supply Chain Planning Software 64

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

Logistics Bureau

JANUARY 19, 2016

Implement performance metrics and monitor a selection of key performance indicator. Aside from that though, inventory has to be managed, meaning that the more inventory your company holds, the higher are the costs of moving it, storing it, counting it and monitoring its quality. Freight Costs. Over-charging by freight carriers.

Supply Chain Planning Software 40

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

Intelligent Audit

MAY 9, 2022

With ongoing recovery firmly in progress across multiple industries, one of the most significant challenges facing freight forwarders, supply chain managers, and transportation service providers is the issue of payment and freight bill payment service management. Transportation invoice audit providers can improve payment processes.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52