The Logistics & Supply Chain Management Society

MARCH 14, 2023

The following are some suggestions and insights from this assembled group of experts. What tools we can use to benchmark ocean freight and carriers’ service reliability? Types of Ocean Freight Contract POSSIBLE TOOLS FOR BENCHMARKING RATES Like in any industry, we gather market Intelligence through our own network.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

SCMDOJO

APRIL 20, 2023

Within this department, the procurement manager plays a key role in overseeing the entire process, from identifying the need for goods or services to negotiating contracts with suppliers. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The company created Project Gigaton in 2017 to engage suppliers and other stakeholders up and down the supply chain to reduce carbon emissions.

Logistics Network Optimization Software 185

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Precoro

AUGUST 14, 2023

According to KPMG , a global network of professional firms providing audit, tax, and advisory services, building a dedicated procurement team helps companies achieve substantial cost savings through effective vendor and category management. People can follow different paths to become a purchasing manager. Read on to learn about them.

Negotiating Skills 98

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Supply Chain Matters

NOVEMBER 14, 2023

The Supply Chain Matters blog provides our latest news capsule edition follow-up relative to updating our readers to prior industry supply chain management developments that we have shared on this blog. It further follows an announcement from Toyota earlier this month that most of this automaker’s U.S.

Supply Chain Design Software 52

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Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. A database of suppliers offering different types of goods and services means you can invite more suppliers to your event whenever you’re ready to buy something. Geographic service area. Then the Supplier registration form comes in handy.

Negotiate Pricing 108

Negotiate Pricing Purchasing Skills Procurement Solutions Negotiating Skills 108

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. It’s important to ensure that your vendors meet your company’s standards regarding all contracts and purchase orders. The two must work together to keep the source-to-contract process flow working effectively. . Award the contract. What Are Key Components of Contract Management?

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

However, there is now a growing appreciation that going green correlates with increased profit as demand for products with sustainable credentials grow and Asian companies get set to move up the value chain. But newer technologies, like blockchain, are becoming an increasingly popular method for verification and helping to speed up processes.

Supply Chain Planning Software 223

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SCMDOJO

OCTOBER 14, 2023

Understanding Supply Chain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supply chain. Supply chain can’t be limited to only the physical products; it is also related to services, although there may be a slight change in steps.

SCM 87

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ivalua

OCTOBER 4, 2021

This blog post shares key takeaways from the webinar, including research findings and a checklist you can follow to help you to leverage CSR to drive revenue, while making a positive impact for society. To fix the problem, Boohoo increased CSR transparency and ended contracts with 64 non-compliant suppliers.

Optimal Sourcing 130

Optimal Sourcing Study Supply Chain Planning Software Sourcing Strategies 130

Precoro

AUGUST 26, 2021

You’ll mostly hear people use these terms interchangeably, but let’s find out why you shouldn’t. A complex process associated with sourcing and obtaining goods and services. A set of activities directly related to acquiring goods and services. Has long-term goals like gaining competitive advantage for the business.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Supply Chain Shaman

JUNE 1, 2022

How We Screwed Up Planning. I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. Each plan operates on its own island, and procurement and contract manufacturing are isolated.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. Information technology procurement focuses on obtaining the IT products and services needed to support business operations. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Logistics Viewpoints

MAY 6, 2022

UPS to deploy RFIDs through 100 facilities this year. Empty shipping containers stack up at US port depots. UPS plans to implement its smart package initiative at 100 facilities in 2022, which will involve using RFID tags on packages to speed up throughput. Do other warehouses follow suit and join a union?’

Logistics Network Optimization Software 221

Logistics Network Optimization Software Negotiating Skills Manufacturing Procurement Negotiate Pricing 221

Supply Chain Game Changer

APRIL 11, 2019

These should line up to run like a well-oiled machine. Now that your business has grown, you may outsource your fulfillment to a third-party logistics (3PL) service. You can expand and contract warehouse space as your business needs change. Most e-fulfillment centers have an allowance for shrinkage in their contracts.

Resource Reduction 53

Resource Reduction Resources Material Savings Inventory Management Software 53

Kanban Logistics

OCTOBER 31, 2023

Warehousing operations with a 3PL partner typically follow a shared warehousing model. Instead of the large overhead associated with the DIY and contract warehouse models, you pay only for the space and services you require. Scalability: 3PL providers can scale operations up or down based on customer needs.

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

GlobalTranz

APRIL 5, 2016

Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Consequently, 3PL Logistics Companies must expand their services.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

Intelligent Audit

NOVEMBER 9, 2022

The shipper, recipient, and carrier have contract terms of a shipment laid out in a bill of lading (BOL). When shortages, damages, or partial non-deliveries occur, the shipper or recipient (consignee) can report a carrier breach of contract through a shipping claim — also known as a freight or carrier claim.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Resource Reduction Procurement Analytics Supply Chain Design Software 52

Supply Chain Game Changer

DECEMBER 2, 2021

As the name suggests, this form of outsourcing involves delegating one or more business processes to a third-party service provider. Commonly outsourced services include accounting, payroll, data recording, customer support, social media marketing , telemarketing, and more. Customer Service. and Mexico firms.

Vendor Strategies 91

Vendor Strategies Supply Chain Design Software Resource Reduction Purchasing Skills 91

Logistics Bureau

FEBRUARY 15, 2021

Procurement First, Purchasing Follows. Sometimes it’s the service capability of the dealership. It could be the after-purchase service or the warranties that you are after. The person who is executing those deals is the purchasing officer and would typically be a more junior resource to the business. Category Management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Negotiate Pricing 98

ivalua

NOVEMBER 27, 2019

That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources. That is hardly optimal given the diversity of products, services and supply partnerships in place at most companies.

Negotiating Skills 147

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Supply Chain Matters

JULY 13, 2022

Followers of Supply Chain Matters have likely observed the rather large number of private equity investments being made in supply chain focused technology start-ups and promising firms over these prior months. It was literally mind boggling. Changing Financial Climate. According to PitchBook Data Inc., PE firms invested upwards of $50.6

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 52

Precoro

APRIL 6, 2022

In short, cloud computing allows accessing different IT resources via the Internet with pay-as-you-use pricing, rather than downloading them to your computer’s hard drive. These services include: Software; Analytics; Networking; Data storage; Servers and more. Platform-as-a-Service (PaaS). Infrastructure-as-a-Service (IaaS).

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. For that reason, freight benchmarking services are seeing increased uptake by shippers.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

NC State SCRC

SEPTEMBER 1, 2023

Today I had a fantastic interview with Amanda Chawla, as part of our new Supply Chain Leadership series within the Supply Chain Resource Cooperative at NC State. Everything form the way we contract, manage supplier relations, to the logistics and distribution to our system and analytics infrastructure is on the table.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Purchasing Skills Modeling Software 96

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. Price isn’t everything.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Veridian Solutions

OCTOBER 14, 2019

With supply chains ramping up for the 2019 holiday season, the issue of supply chain peak season contracts returns to the table. Contracts ensure enough capacity, workers, and products to meet demand during the busiest time of the year. Challenges in Securing Appropriate Supply Chain Peak Season Contracts.

Supply Chain Planning Software 45

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Supply Chain Matters

JULY 15, 2022

This Ferrari Consulting and Research Group advisory brief provides added perspectives on premium personal fitness equipment and services provider Peloton Interactive , the litany of events that have surrounded the company, and some lessons acquired. At the same time, there were product and services market opportunities that were created.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Game Changer

NOVEMBER 3, 2022

Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers. The following are six ways in which the role of IT and IT departments can support supply chain management: 1.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. Days payable outstanding identifies the average number of days a company takes to pay its suppliers for the purchased goods and rendered services.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. Its usefulness in S&OP is in helping maintain Service Level Agreements (SLAs) related to delivery windows.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

QAD

MARCH 9, 2023

Another survey found that the pandemic prompted many companies to move up their timelines for adopting digital technologies by three to four years. Often manufacturers are locked into long-term contracts and working on fixed costs and revenue, yet material, transportation and energy costs continue to climb. What About Cash?

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

American Global Logistics

JULY 19, 2023

With that follows our quarterly economic and logistics update, focusing on key indicators. Now we’ll look into the prices of those goods and services captured in the GDP. This increase followed a 1 percent rise in May. ADP’s chief economist, Nela Richardson, reported that consumer-facing service industries had a strong June.

Logistics Network Optimization Software 52

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Supply Chain Game Changer

FEBRUARY 14, 2022

They keep a record of the cash flow in an organization and prepare financial plans that guide activities such as resource allocation in departments. They also seek to identify the organization’s financial strengths and weaknesses, after which they come up with solutions. You can visit here for fractional CFO services.

Supply Chain Disruption 96

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ToolsGroup

JUNE 27, 2022

Each of these companies has its own end product or service that compliments the other stages but does not directly compete with them. Often, they produce similar products, provide similar services, or operate in similar industries. Eliminating Hold-Ups. This contributes to something called the hold-up problem.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156