Remove Metrics Remove Procurement Remove Procurement Analytics Remove Texas
article thumbnail

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

The Logistics of Logistics

I was involved with the procurement of equipment and materials. We once had to move a prototype oil rig from Texas to Saudi Arabia. For example, all the hospitals that got supported with tens of thousands of purchase orders that Aramco was handling. The expected metrics were part of the contract. It had 2,500 pieces.

article thumbnail

Managing Legal Aspects of the Implications of a Hurricane on the Supply Chain

Material Handling & Logistics

Early data shows that most supply managers believe that Hurricane Harvey, which caused widespread destruction in south Texas and the closure of the Port of Houston, will impact supply chains in coming months. In other circumstances, parties may lack any contract and rely upon purchase orders or other short forms of documentation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

article thumbnail

Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022

Locus

billion metric tons—the emissions have rebounded in 2021 and 2022. In the case of manufacturers, it means procuring green and sustainable raw materials. These are challenges that will only become more threatening if they are not curbed, paying strict attention to supply chain sustainability.

article thumbnail

Manufacturing Equipment: Is It Time for an Upgrade?

GlobalTranz

When support wanes, due to obsolescence and lack of spare parts, or if the vendor withdraws active support for your system, the cost of your business increases. Performance is a handy metric to measure. You want to keep the upgrade cost effective while achieving your business goals and reducing risk.

article thumbnail

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

University of North Texas. “The problem that small and medium-sized firms confront is that supply chain technology is expensive…” Surveys and other research overwhelmingly show that cost is the biggest deterrent to investment in technology. . from Washington University St. Louis, M.S.