Remove Phoenix Remove Procurement Analytics Remove Shipping
article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Doing this, increases the benefits.

article thumbnail

Guest Commentary: P.O. Management Programs – Know Pain, Know Gain!

Talking Logistics

What is this going to cost? You could answer them with a purchase order (P.O.) Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Understand technology, information, and reporting tools and how to use them in the business. performance metrics to influence vendor behavior and impact sourcing choices.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. In normal times, there is a constant need for medical equipment to be shipped from manufacturers to health workers and hospitals at short notice. What is 3PL?

article thumbnail

So You Want to Make the Perfect Logistics Model

Logility

Why do we build logistics models? But I ask it because modeling often takes a detour into the land of debilitating detail. And by debilitating, I mean an enormous analytical time sink — think months. I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics?

article thumbnail

All Eyes Remain Focused on the Last Mile

Enterra Insights

The exceptions were goods purchased from mail-order catalogs. Andrew Chung, CEO of Innovo Property Group, explains, “[The] explosive growth of online purchasing and competition among online retailers has resulted in a race to reach consumers. miles in Phoenix.”[4]. consumers when making online purchases.

article thumbnail

The Best Practices of LTL Shipping

GlobalTranz

Operating your business is only half the battle in getting customers to purchase your products. After a customer purchases a product, you still need to get the item or items to him. Understanding the Different Modes of Shipping. Although LTL shipping maybe your ultimate goal, you need to know how each type of shipping varies.

Shipping 221
article thumbnail

Contracts, Cancellations, and Closures: Persistent Trends Leave a Pre-Peak Season Logistics Industry on Edge

Intelligent Audit

With peak shipping season just around the corner, the logistics industry is looking forward to a smoother supply chain than previous years have provided. SupplyChainDive, in their recent analysis of a 2022 study by logistics provider Descartes, reported that, “ U.S. container imports are near record-setting. imports totaled 2.53