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To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” net promoter score or similar metric) as a supply chain KPI.
These pillars provide a comprehensive framework to align operational goals with broader corporate and societal objectives, fostering resilience, innovation, and long-term value. Senior leaders must think beyond incremental improvements, embracing systemic innovation to achieve significant environmental impact.
Public Reporting: Publishing sustainability reports and ethical compliance metrics to highlight progress and areas of improvement. Challenges and Opportunities While ethical supply chain compliance presents challenges, it also offers significant opportunities for growth and innovation.
As retailers navigate an increasingly complex marketplace, several key themes emerged that are set to define the next era of retail innovation. Early adopters of these integrated platforms report significant improvements in inventory turnover and reduction in stockouts.
But Omer Bakkalbasi, the chief innovation officer at Solvoyo, says they are already there. “We Solvoyo has a metric they call the user acceptance rate. We have lots of functions, lots of analytics, lots of reports.” What is the point of producing a report that nobody uses? We feel we are ahead of our times.
Additionally, ensuring that current reporting mechanisms align with DPP requirements is vital for long-term compliance and operational success. Successful integration leads to improved transparency, streamlined reporting, and enhanced decision-making.
A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. Generally, next-gen innovations fall into a few main categories, discussed below.
The Losers Are the Global Multi-National Supply Chain Teams As I work on the Supply Chains to Admire report, that will publish soon, I wince at the performance of large strategic customers of the supply chain planning vendors when compared to their peer groups. Today, companies measure too many metrics without a clear definition of value.
The formula for OTIF is: Measuring a supply chain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Establishing standard benchmarks for services and innovations in fulfillment centers is crucial in this context.
SCB Feature Report From DPW: What’s Next for AI in Supply Chain? AI will also come to the fore to help companies manage their carbon footprint, greenhouse gas emissions and other sustainability issues, especially reporting, Koganti said, and not least Scope 3 emissions, which are currently the bane of supply chain sustainability.
Meanwhile, tech companies are capitalizing on streamlined processes to bring innovative products to market at unprecedented speeds. We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency.
The Future of Freight Festival, now in its fourth year, is FreightWaves’ flagship event designed to convene industry experts, entrepreneurs, and innovators to explore emerging trends in transportation, logistics. -China trade dynamics and supply chain volatilities.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Click here!
At Ivalua, we help organizations harness AI to transform procurement from a tactical function into a strategic advantage – and our Intelligent Virtual Assistant (IVA) is leading the next wave of AI-driven procurement innovation. This shift empowers teams to create greater value for their organizations.
At Ivalua, we help organizations harness AI to transform procurement from a tactical function into a strategic advantage – and our Intelligent Virtual Assistant (IVA) is leading the next wave of AI-driven procurement innovation. This shift empowers teams to create greater value for their organizations.
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. Platforms should support structured collaboration from intake management to invoice automation.
Track KPIs, Not Buzzwords Evaluate V2X based on tangible logistics metrics: fuel savings, delivery times, accident rates, and emissions. Focus on what drives profit and safety, not just innovation. Adopt security platforms that encrypt, authenticate, and monitor every message and device in your connected fleet.
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. Platforms should support structured collaboration from intake management to invoice automation.
In April, freight company HLS Group reported 80 canceled sailings from China as trade tensions with the U.S. intensified. In mid-May, after the two countries agreed to temporarily halt planned tariff increases, container bookings surged by nearly 300% , straining port operations and carrier capacity.
Springs said, “We’re seeing consistent increases in safety metrics.” While we always aim to improve these metrics, it’s not just about numbers — it’s about caring for our people.” Javier Rogel, chief innovation officer at Mex-Cal Truckline explained, “Our geofences are essential for managing 700 trailers with just two people.
Production Capacity Analysis While traditional testing methods can be time-consuming and offer incomplete data, focusing on key production metrics within the manufacturing process provides more actionable insights. Consider these essential metrics: Asset Utilization: How efficiently are your machines being used?
With fewer regulatory pivots to manage, the industry can redirect resources toward long-term innovation and profitability. Which Metrics Matter? Still, a few metrics consistently rose to the top of the conversation, signals that seem to cut across company size, geography, and service model.
Leveraging advanced analytics : You can use analytics to identify top-performing suppliers as well as address any issues based on supplier performance metrics. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.
Strategic Procurement and Supply Chain Management: The technology you use should help you move beyond cost-cutting to build sustainable, performance-driven supplier relationship management that delivers long-term value and innovation. Advanced AI capabilities and analytics dashboards help you make informed, data-driven decisions.
The European Union’s Corporate Sustainability Reporting Directive (CSRD) is leading the way, mandating emissions disclosures at the product and supply chain level, with penalties for non-compliance. Technology makes it possible to move from reactive reporting to proactive reduction. At the same time, global regulations are tightening.
Because companies often fail to let go of old habits and siloed metrics, and they fail to align decisions across functions. Shared metrics are critical. Inventory optimization is one of the most visible places where organizations expect to see a return from supply chain investments. But often, expectations fall short.
Measurable successes result that include metrics such as margins, profits, production targets, quality scores, environmental, social, and governance (ESG) scores, and customer satisfaction. For manufacturers, business decisions that involve digital transformation in procurement are often difficult.
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IVA supports category intelligence by compiling research-driven reports. These reports evaluate market impact, assess category-specific risks, and suggest recommended actions. For example, it can review an assessment and automatically generate an improvement plan with detailed KPIs and tracking metrics.
Innovative suppliers play a key role here. According to the 2024 Global Trade Report by Thomson Reuters , 74% of businesses reported that their operations were impacted by supply chain due diligence, highlighting its critical role in mitigating risks and ensuring compliance in global trade.
This makes it easier to scale, standardize, and innovate without compromising flexibility. Enterprises need visibility into supplier performance, risk, and ESG metrics—alongside the tools to engage and collaborate effectively.
Research from Creditsafe’s Cost of Late Payments report found nearly 86% of businesses saying that up to 30% of their monthly invoiced sales are overdue. This threat is growing, as 31% of businesses surveyed for our report said the problem of late payments has worsened in the past year. Assess customer financial health regularly.
EBIT is a key figure for ratings agencies, because it provides a benchmark for profitability that can be used to finance debt payments, is expected to rise to 5% within the next 18 to 24 months, Moody’s said, “leading to improved credit metrics despite the prevailing macroeconomic uncertainty.” The Moody’s outlook on C.H.
These rules often seem restrictive, forcing procurement teams to choose compliance over flexibility and innovation. With frameworks like ISO 20400 and the Corporate Sustainability Reporting Directive (CSRD) imposed on procurement, companies are more careful about choosing new suppliers and sourcing manufacturing processes.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
Known for its innovation, quality, and manufacturing excellence, the company wanted to go a step furtherby leveraging AI-driven supply chain optimization to enhance cart utilization and transition to a more robust Just-in-Time (JIT) framework. Need for Automated AI Solutions Manual reporting and decision-making delayed improvements.
AI can process large amounts of historical supplier performance data across multiple metrics, allowing procurement teams to make more informed, data-driven decisions instead of relying solely on anecdotal evidence or subjective evaluations. Creating reports or insights from procurement data for better decision-making.
From the start, negotiate terms that benefit both parties and establish clear performance metrics to track progress. Innovation is exciting, but it often comes with long lead times. All these insights and more are available in ControlHub’s latest Procurement Insights 2025 report. Want more insights? Download it for free now!
The latest employee training trends show todays successful organizations as those that adapt quickly by embracing innovative approaches to upskill their teams. A McKinsey Global Institute survey found that 87% of companies worldwide reported experiencing skill gaps now or are expecting to within the next five years.
Helen Atkinson, Managing Editor Report From DPW: What’s Next for AI in Supply Chain? More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Easily one of the most significant innovations in our lifetime that’s shaping the future of enterprise AI, agentic AI will be truly autonomous when completing complex workflows across organizations, from customer service and payment processing to fraud detection and order fulfillment. This is precisely where agentic AI shines.
Step 5: Innovate with Circular Business Models Even the best-designed product wont return if the broader business model cannot support it. How to implement Define Metrics Early Establish what factors to measure and list down numerical goals for return rates, recovery efficiency, and lifecycle costs.
Real-time Reporting: Detailed reports on stock locations, quantities, and production costs empower data-driven decisions. Advanced analytics monitor key metrics like inventory turnover rates and holding costs, helping you optimize stock levels and strike the right balance between storage costs and the risk of stockouts.
They may include varying levels of detail in their POS reports. Their report formats may be inconsistent. Product Innovation to determine how existing products are performing and to identify gaps in the market – better enabling CPG brands to develop new products that meet emerging consumer needs.
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