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However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
A data fabric refers to an architecture that supports a unified approach to data management. Aera refers to its solutions as skill sets because this is a toolset approach to automating decisions. Not all the transactional data, just the data required to calculate a metric or make a decision.
An organization with tens of thousands of different products may have to move them across many modes of transportation, IT systems, and third-party logistics partners, all adding to complexity, as well as loss of visibility and control. The ability to meet fulfillment goals is impeded by several issues.
We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency. Understanding Supply Chain Efficiency Supply chain efficiency refers to maximizing output while minimizing resource input.
Moody’s has weighed in on two logistics providers in recent days, and the word from the influential provider of debt ratings was positive both times. The increase in GXO’s rating put the contract logistics provider at a level considered equivalent to the BBB- rating that S&P Global Ratings (NYSE: SPGI) has had on GXO for several years.
It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
Because logistics are tightly woven into production, fulfillment and the customer experience, the impact of a transit issue, like a delayed shipment, can quickly ripple across the whole business. It’s a logistics model designed for change — and the foundation for long-term supply chain resilience. That means going multimodal.
Behind the scenes of every successful business lies a well-orchestrated machine made up of four critical functions: supply chain, logistics, transportation, and operations. What Is Logistics? What Is Logistics? Real-World Example: Amazon’s two-day delivery is a result of highly optimized logistics, not just fast transportation.
Running procurement and supply chain without metrics is like driving blindfolded. On-Time Pick-up (OTP): On Time Pick up (OTP) refers to the percentage of shipments that are picked up by a carrier within the agreed upon time frame. Decoding the Metrics: What Are They Telling You? Logistics issues? Supplier lateness?
Climate change, often referred to as Global Warming, is fast becoming a major issue for business, as well as our communities. This means developing supplier evaluation frameworks that include carbon metrics, working together on joint emission reduction projects, and incentivising suppliers to meet or beat carbon targets.
Many people get confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
Agentic AI refers to proactive, self-learning systems capable of making independent decisions, solving problems, and continuously adapting to changing conditions. Flexport AI Flexport AI is revolutionizing logistics and freight forwarding by integrating AI-driven automation into shipment tracking and route planning.
This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses." Ryan, Descartes' CEO.
Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. Create user guides and video tutorials for ongoing reference. Barcode or QR code scanning: Enables quick and accurate stock updates.
Reshoring or Nearshoring Bringing production closer to home reduces exposure to international disruptions, shortens lead times, and improves control over quality and logistics. They capture engineering changes, CAPAs, training records, and supplier performance metrics. REFERENCES [link]
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
MIT defines generative AI as a machine-learning model that is trained to create new data rather than predicting a specific dataset, whereas agentic AI refers to AI systems that can autonomously take actions, make decisions and adapt to new situations without constant human intervention.
In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supply chains, ensuring that products reach consumers faster and at lower costs. Oil and gas production is more than just an energy source—it is the backbone of modern industrial progress and global trade.
Each tier, from raw-material providers to logistics firms, relies on predictable, timely cash flow. Use tools like business credit reports, payment history analysis, and trade references to evaluate customer financial stability and identify early warning signs of potential payment delays. Supply chains don’t operate in silos.
A lack of seamless communication, logistical bottlenecks, such as transportation delays or warehouse capacity constraints, and differing priorities between these key nodes in the supply chain can create friction. These metrics provide quantifiable data that reveals the impact of stock balancing efforts and identifies areas for improvement.
We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations. For example, a retailer might use category analysis to renegotiate key logistics contracts based on shifting volume trends to secure better pricing or service-level agreements.
A circular supply chain refers to a supply chain that aims to reuse goods and raw materials for as long as possible through refurbishing and recycling. Reverse Logistics There is infrastructure in place to bring products back from users for recovery or remanufacturing. Example: Dell Technologies has a global reverse logistics network.
AI in retail supply chain refers to the deployment of intelligent algorithms—including machine learning, predictive analytics, computer vision, and generative AI—to digitize, optimize, and accelerate retail business operations. Standardize Metrics Across Teams: Align KPIs so that supply chain, finance, and sales speak a common language.
AI in retail supply chain refers to the deployment of intelligent algorithms—including machine learning, predictive analytics, computer vision, and generative AI—to digitize, optimize, and accelerate retail business operations. Standardize Metrics Across Teams: Align KPIs so that supply chain, finance, and sales speak a common language.
One attack on a global logistics company in 2022 shut down operations for three days. Vet Every Vendor Don’t just check references. How Do IT Supply Chain Attacks Actually Happen? By Richard Pearson (pictured) Content Writer 49 Views IT supply chain attacks are no longer rare. The source? How Can You Protect Your Company?
Think of raw material suppliers, logistics providers, or outsourced IT firms. The team researches if the supplier has required certificates, seeks references and feedback from other customers, and schedules meetings with potential candidates. Service-level agreements (SLAs) with defined performance metrics and deliverables.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. Direct spend refers to the costs associated with the goods and raw materials that are used in the production of a company’s products.
Cost Reduction: Lowering Existing Costs Permanently Cost reduction (CR) refers to actual, measurable decreases in procurement costs that result from strategic actions. Prevent Maverick Spending Maverick spending refers to purchases made outside of established procurement processes. Reduce freight and logistics costs.
So say the analysts at Gartner in a new blog post on logistics technology. Gartner says that, with the exception of high-performing organizations, 40% of logistics leaders cite the struggle to realize value from existing technology investments What do you say? Supply Chain Digest Says. Supply Chain Digest Says.
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
In the first facility management was focused on controlling the workforce through individual metrics. There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Everything has a proof.
NMFTA says the new “Cybersecurity Cargo Crime Reduction Framework” is an actionable guide for shippers, carriers, third-party logistics providers and brokers that It outlines key steps parties can take to reduce cargo theft risk. There will be a document to refer to at any time by any one who needs clarification.
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
June CSCMP and partner Kearney release the 2025 State of Logistics Report, with the headline news: that what the report several years back started calling US Business Logistics Costs (USBLC) rose on an absolute basis in 2024 to $2.58 That left logistics costs as a percent of US GDP down a bit in 2024 to 8.7%.
of GDP The Council of Supply Chain Management Professionals (CSCMP) and partners Kearney and Penske Logistics are out last week with the 2025 State of Logistics Report, looking primarily at 2024 data. Again this year, Penske Logistics funded the report development. of the total cost logistics number (versus 7.2%
Meanwhile, our supply chain and logistics stock index, which is made up of more than 20 stocks across freight carriers, logistics service providers, and supply chain hardware and software vendors, lagged the S&P, with a gain of just 10.3% In early 2021, SCDigest re-launched this weekly supply chain and logistics stock market index.
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
Generative AI (GenAI) refers to artificial intelligence that creates new content (text, images, music, code, etc.) By contrast, general AI (or AGI, artificial general intelligence) refers to systems that can perform many different kinds of tasks as well as a human, or even better. based on self-supervised learned patterns.
There will be a document to refer to at any time by any one who needs clarification. Financial performance metrics are valuable as they capture the economic consequences of business decisions. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
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