The 10 Procurement Metrics that Matter in 2021

Unleashed

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Every company knows customer service is important, but it is seldom well-defined, and even more rarely measured in logistics operations.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), 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. Logistics LTL ltl procuremen

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

GlobalTranz

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

What will shape US procurement practices in 2021?

Proxima

Procurement professionals will be central to driving the organizational change needed to succeed. While we cannot predict the future, our recent Procurement in 2021 Report features views from several top procurement professionals and highlights the themes shaping their agenda in 2021.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? .

Top 5 Roadblocks to Effective Inbound Logistics Management

GlobalTranz

With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. Some cite a lack of visibility or lack of control for reasons to not manage inbound logistics, and while proponents of “increased visibility” argue more information begets more effective inbound logistics strategy, its meaning gets lost in the murky waters of the internet.

3 Practical Metrics for Supplier Performance Evaluation

Logistics Bureau

Supplier Performance Metrics for Every Organisation. In this post, you’ll find some suggested metrics for supplier performance evaluation and management. These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. Alternatively you could have two metrics, one for advised variations and one for variations discovered upon goods receipt.

The difference between supply chain and logistics explained

Unleashed

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. The difference between supply chain and logistics. What is logistics? See below for more information on outsourcing logistics functions.

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

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. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Blog logistics management

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Blog logistics management

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Blog logistics management

Writing: Working on My Book

Supply Chain Shaman

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. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence?

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Omnichannel logistics challenges. The expectation of instant consumer gratification has businesses scrambling to shore up their supply chain to ensure cost-effective on-time delivery, which is where omnichannel logistics comes into play.”[3] ”[3] Legacy staff members identify 9 top omnichannel logistics challenges businesses generally face. Lack of Inventory Visibility and Metrics. Reverse Logistics.

How Procurement Can Add Value To Supplier Master Data Management

ivalua

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Logistics. Procurement Owns the Process, But Not All the Relationships.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible. in the logistics industry.

The Supply Chain Workload Iceberg!

Supply Chain Game Changer

These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. Freight and Logistics Procurement Supply Chain Management Warehouse ManagementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. Happy New Year!

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

To ensure your company tracks the right supply chain data in 2020, approach data management from a critical view—considering its impact from procurement through outbound freight and even reverse logistics. Metrics and KPIs Supply Chain Supply Chain Data

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5 ways TMS transforms Logistics Managers' jobs

Abivin

A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. You are also equipped with a way to manage costs and handle internal metrics. In this type of omni-channel environment, logistics managers will be able to deliver more values and better quality in a proactive manner instead of passively reactive way.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. How can companies enable Green Logistics? Green logistics has a significant role in the trade process, transport and deliver the goods.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). appeared first on Talking Logistics with Adrian Gonzalez.

6 Important Tips For Effective Logistics Management

GlobalTranz

Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for effective logistics management. There are various factors involved in effective logistics management, for example, automation and perfect coordination. When your business witnesses growth, you must find ways to streamline logistics planning processes for improving output. Here, we have discussed some crucial tips to manage logistics more effectively. Cost metrics, and.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues. Subscribe Here! Email Address.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Think about the typical set of objectives and metrics associated with managing a Supply Chain. Business Process Optimization Freight and Logistics Lean Process Improvement Procurement Supply Chain Management Productivity improvementSubscribe Here! Email Address.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In the logistics aspect of the supply chain, this equates to better monitoring and adherence to guidelines governing drive time, fuel use, deadhead and more. Lean processes are standard in supply chains, including logistics, but 2018 will see a gradual transition to elastic logistics.

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Luckily, the current movers and shakers of the logistics and supply chain world are all too happy to dole out sage advice in the form of blog posts, interviews, podcasts — you name it. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

The role that procurement plays in manufacturing organizations is a difficult one. Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. ERP systems can handle only basic transactional procurement needs.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

While putting myself through school, I got a part-time job at JFK airport which opened my eyes to logistics. Right out of college, I worked at a logistics company in Atlanta. I was involved with the procurement of equipment and materials. Once we decided that we were going to go out to bid, the logistics team no longer contacted the 3PLs. The expected metrics were part of the contract. [00:38] Please introduce yourself and your company.

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Procurement they did a lot of benchmarking and highlighted deficiencies in our materials costing and pricing processes, and the resultant uncompetitiveness and financial shortfall that resulted therefrom. Poor metric performance (eg. Subscribe Here!

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

By combining purchase order technology and expert logistics support, we manage supply chains so our clients can direct store operators’ time to revenue-driving activities instead. Every decision becomes more impactful based on these metrics.