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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.

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What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI? Why are retail metrics important?

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Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

GlobalTranz

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. Other Critical OmniChannel Supply Chain Metrics to Track.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.

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What is GMROI, and What Does it Mean for Your Retail Inventory?

ShipBob

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management. Gross margin return on investment, or GMROI, is a measure of inventory profitability in the retail industry.

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The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.