The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. The survey of each LSPand their respective mode may take only 1 minute or so to complete.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

In IDC’s recent Future Enterprise Resiliency & Spending Survey (Wave 2, IDC, April 2023), an average of 40% of supply chain organizations already invest in generative AI, with knowledge management as the top focus for generative AI applications.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Intelligent Audit

NOVEMBER 17, 2020

Shippers should expect a surge in shipping volumes and tight capacity due to a historic rise in e-commerce transactions. These factors are driving shipping costs higher and shippers need to prepare. According to Supply Chain Dive , shipping “prices have fluctuated wildly. The costs of limited shipping data are high.

Cost Reduction Strategies 52

Cost Reduction Strategies Prescriptive Analytics Software Shipping Resource Reduction 52

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

SYSPRO Smarter ERP

APRIL 11, 2022

survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. The modern CFO. According to the 2021 SYSPRO CFO 4.0 Diversification of business operations. The SYSPRO CFO 4.0

Manufacturing Procurement 105

Manufacturing Procurement Distribution Supply Chain Design Software Manufacturing 105

GlobalTranz

OCTOBER 10, 2017

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? In fact, 72 percent of survey respondents believe it is very important to improve access to data for in-transit shipments, which includes last mile delivery.

Metrics 153

Metrics Cost Reduction Strategies Logistics Network Optimization Software Waste Reduction 153

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Kinaxis

SEPTEMBER 6, 2016

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. Any such event will cause congestion in the ports.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

GlobalTranz

APRIL 16, 2018

Whether you are a retailer, carrier, cloud services provider, or eCommerce merchant, Amazon not only effected the landscape of e-tail but the landscape of shipping and logistics as a whole. But at its heart continues to be fast and often free shipping, which has become expected by shoppers of not only Amazon but anywhere on or offline.

Prescriptive Analytics Software 161

Prescriptive Analytics Software Supply Chain Planning Software Retail Analytics Software 161

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Material Handling & Logistics

SEPTEMBER 8, 2017

Hurricane Harvey has struck a significant blow to the Houston, Texas metro area, home to the sixth largest import terminal in the world, as well as all of the shipping lanes in the Gulf Coast area. Indeed, the results of our ISM Report On Business Survey indicate ongoing challenges for U.S. economy far beyond that of the gulf coast.

Metrics 98

Metrics Texas Chemicals Supply Chain 98

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Enterra Insights

MAY 24, 2021

According to Collins English Dictionary , to “change face” means “to rotate the telescope of a surveying instrument through 180° horizontally and vertically, taking a second sighting of the same object in order to reduce error.” Shipping and delivery to consumers. They are: 1. Consumer delivery model. Supply chain.

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

6 River Systems

NOVEMBER 11, 2019

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. According to data from the U.S.

Warehousing 91

Warehousing Supply Chain Software Supply Chain Planning Software Optimization Software 91

Supply Chain Game Changer

NOVEMBER 2, 2022

Census Small Business Pulse survey. In a recent survey by Deloitte of 600 executives at manufacturing and retail companies, 48% of the executives stated that during the past three years, there had been an increase in the frequency of supply chain risk occurrences with unfavorable outcomes. It was conducted from May 31 to June 6.

Supply Chain Planning Software 96

Supply Chain Planning Software Risk Management Supply Chain Software Predictive Analytics Software 96

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Talking Logistics

AUGUST 20, 2018

To gain insights on that question and more, Adelante SCM and BluJay Solutions conducted a web survey of supply chain and logistics professionals in March 2018. A total of 137 respondents completed the survey from Manufacturing, Retail, Logistics Service Provider, and other companies in the Americas, EMEA, and APAC.

Innovation 100

Innovation Company Cost Reduction Strategies Logistics Network Optimization Software 100

Ware2Go

APRIL 11, 2023

Sustainable e Commerce Matters to Consumers According to a recent consumer survey, 88% of consumers say sustainability is important to their purchasing decisions, and 66% say sustainability has become more important to them since the COVID-19 pandemic in 2020.

Examples 52

Examples Sustainability Purchasing Skills Retail 52

Zipline Logistics

MARCH 31, 2020

It measures on-time delivery performance and tracks metrics through a supplier scorecard given to all vendors working with Publix. . Publix calculates this metric monthly and reported to vendors. . On-time delivery performance is one of the most critical metrics for Publix suppliers to master.

Vendor Strategies 52

Vendor Strategies Guidelines Inventory Reduction Procurement Analytics 52

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Streamlined processes for order picking , packing, and shipping. Key benefits of SKU rationalisation include: Easier inventory tracking of every SKU.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

HICX Solutions

AUGUST 11, 2021

As Ramit describes, “Procurement teams really went out aggressively looking for more available suppliers,” adding, “Another example would be in the warehouse network,” with ramifications of materials being shipped to potentially closed locations needing to be dealt with.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Locus

SEPTEMBER 19, 2023

According to Statista, 68% of online shoppers expect free shipping/delivery and 37% expect next-day delivery. 49% of global organizations lack confidence in tracking sustainability metrics to reduce emissions and fuel consumption. One key factor for this is consumer expectations continue to reach higher benchmarks.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

Kinaxis

JULY 13, 2018

In 2012, 59 percent of surveyed supply chain leaders answered yes. There was some concern that the role of supply chain gets elevated only when a crisis hits and product cannot ship. In addition, supply chain leaders should translate those metrics into frameworks for daily decisions at individual DC, plant, and production line levels.

SCM 100

SCM Big Data Predictive Analytics Software Supply Chain Network Software 100

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Logistics Viewpoints

OCTOBER 7, 2022

The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030. Retailers face security-related challenges on many fronts.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Real Estate New York Logistics 185

Lucas

JULY 3, 2018

WERC’s Annual DC Measures Survey is a great tool for benchmarking your distribution center and warehouse operations, but it’s also a valuable resource for identifying trends across the industry. This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Annual workforce turnover.

DC 11

DC Survey Supply Chain Planning Software Analytics Software 11

Zipline Logistics

MARCH 18, 2020

It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Typically, they evaluate standard metrics like on-time delivery, inventory management, missed shipments, lead time, and costs. Have set ship dates and less variance in transportation.

Vendor Strategies 52

Vendor Strategies Procurement Analytics Buyer Training Supply Chain Planning Software 52

Locus

JUNE 9, 2023

It is the actual shipping costs calculated for delivery, pickup, handling, billing, insurance, and collecting. A recent Insider Intelligence survey confirms this by stating that last-mile delivery contributes to more than 53% of shipping costs. Want to find out why FADR is the metric for CEP and retail success?

Cost Reduction Strategies 52

Cost Reduction Strategies Transportation Logistics Network Optimization Software Optimization Software 52

Locus

JUNE 9, 2023

It is the actual shipping costs calculated for delivery, pickup, handling, billing, insurance, and collecting. A recent Insider Intelligence survey confirms this by stating that last-mile delivery contributes to more than 53% of shipping costs. Want to find out why FADR is the metric for CEP and retail success?

Cost Reduction Strategies 52

Cost Reduction Strategies Transportation Logistics Network Optimization Software Optimization Software 52

Unleashed

AUGUST 20, 2023

In a survey of 1,000 organisations, 74% of respondents in the US reported delays in shipping and longer lead times during the coronavirus pandemic. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

AUGUST 18, 2021

In a 2018 survey of 1000 shoppers , 89% said they have bought an item online and returned it. Without an efficient process for organising, processing, shipping and handling returns, managing this process can be costly. Shipping must be cost-effective to ensure this doesn’t outweigh the value of the item, and items should be tracked.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

AB&R

MARCH 4, 2022

If not aligned with the changing needs of a growing business, picking, packing, and shipping can shrink its margins. Stock shortages, shipping delays, and unfulfilled orders can make customers unhappy. Warehouse receiving impacts all aspects of operations, from inventory management to logistics. Conclusion.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 52

Zipline Logistics

MARCH 2, 2021

In a survey from Hotwire , 47% of consumers said they had recently switched to a different product or service because the company had violated their values. How brands ship their products can be another great way to utilize green logistics practices. They must also be produced by brands that meet their personal values.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Vendor Strategies Optimal Sourcing 52

Supply Chain Shaman

JUNE 21, 2014

One of my favorite interviews on this topic, that I recently completed for my upcoming book Metrics That Matter , was with Amway’s Chief Supply Chain Officer George Calvert. In prestige beauty and nutritional supplements, the cost to ship the product is minuscule. Service level is our most important metric.

Case Study 282

Case Study Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 282

Zipline Logistics

OCTOBER 27, 2020

In a 2019 survey from Hotwire , 47% of consumers said they had recently switched to a different product or service because the company had violated their values. The impact of adopting an intermodal shipping strategy is significant in contributing to sustainable operations. Tracking Key Metrics to Drive Performance Improvement .

Vendor Strategies 52

Vendor Strategies Resource Reduction Waste Reduction Cost Reduction Strategies 52

Ware2Go

APRIL 20, 2022

A report by Oceana estimates that we could circle the world 500 times with just the protective plastic pillows Amazon shipped out in their packages in 2019. A full 66% of consumers said they would be more likely to purchase from a brand with a sustainable shipping option, as long as they could still receive their item in 2 days or less.

Sustainability 59

Sustainability Purchasing Skills Hawaii Procurement Analytics 59

Resilinc

NOVEMBER 9, 2021

The Scope 3 indirect emissions associated with companies’ value chains—their upstream supply chains and logistics and all the downstream activities required to get products to wholesale or retail customers—have been much harder to monitor because they are produced by thousands of suppliers, shipping companies, and other vendors.

Procurement Analytics 62

Procurement Analytics Purchasing Skills Supply Chain Vendor Strategies 62