article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. The moves span inbound, intracompany, and outbound shipping.

article thumbnail

What Is PPV? Purchase Price Variance Explained

Precoro

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Walmart Lowers their Shipping Requirements, but their Suppliers Still Struggle

Logistics Viewpoints

Walmart fines suppliers whose goods arrive late or who have not shipped everything that they committed to ship. Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart.

Shipping 243
article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

And now on to this week’s logistics news. Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did. Retailers estimate 13.7

article thumbnail

How is the Logistics Economy Holding Up?

Logistics Viewpoints

Supply chain and logistics functions have been one of the most volatile in the global economy of the last four years. But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed.

article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

article thumbnail

This Week in Logistics News (February 3 – 9)

Logistics Viewpoints

And now on to this week’s logistics news. That’s exactly what Amazon is doing as it with its “Ships in Product Packaging” (SIPP) program, which, as the name suggests, allows products to ship in their original box or bag without any added Amazon packaging. The growth in logistics hiring came as the broader U.S. and Canada.