Logistics Bureau

JULY 11, 2022

Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. Other Supplier Performance Metrics. Returns rate metrics.

Procurement Analytics 107

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 107

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 121

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 121

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 111

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 105

Logistics Bureau

DECEMBER 9, 2020

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division. How Large Procurement Teams Operate.

Manufacturing Procurement 118

Manufacturing Procurement Procurement Analytics Procurement Purchasing Skills 118

SIPMM Professional Publications

AUGUST 2, 2020

The Organization for Economic Cooperation and Development predicted that global demand for materials would increase by more than 35 percent over the next 15 years, reaching 100 billion metric tons per year. In 2019, Singaporeans threw out 930,000 tonnes of plastic, of which only 37,000 tonnes – or 4 percent – were recycled.At

Procurement Analytics 88

Procurement Analytics Supply Chain Software Procurement Supply Chains 88

Ship Monk

JUNE 7, 2023

Those goals also tell you how much you’ve already evolved, and as such it is vital that your company understands the most critical distribution metrics, that way you can keep control on your day-to-day operations as well as your month-to-month, quarter-to-quarter, and year-to-year progress. What Are Distribution Metrics?

Procurement Analytics 52

Procurement Analytics Distribution eCommerce Inventory Reduction 52

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

Optimal Sourcing 113

Optimal Sourcing Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 113

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

Material Handling and Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

MTS Logistics

NOVEMBER 26, 2021

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Many companies have not automated this fundamental Purchase Order operation. Many companies have not automated this fundamental Purchase Order operation. Specifications on a Purchase Order (PO): PO Number.

Purchasing Skills 78

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 78

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Manufacturing Procurement 131

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 131

SIPMM Professional Publications

OCTOBER 12, 2020

Data analytics is the process of analysing structured and unstructured data sets to provide real-time information that can facilitate the healthcare decision making and to maximize the decision value in the supply […].

Procurement Analytics 109

Procurement Analytics Supply Chain Software Supply Chains Data 109

Amware Logistics and Fulfillment

JUNE 23, 2020

According to Adobe Analytics’ latest Digital Economy Index Report , eCommerce shoppers purchased $82.5 The latest online shopping news is in, and let’s just say it’s beginning to look a lot like Christmas. billion worth of products in May, which is more than they bought online during the entire 2019 holiday shopping season.

Procurement Analytics 296

Procurement Analytics eCommerce Purchasing Digital 296

Material Handling and Logistics

FEBRUARY 7, 2019

Suppliers reported emissions reductions of 633 million metric tons of carbon dioxide leading to collective cost savings of $19.3

Procurement Analytics 138

Procurement Analytics Purchasing Skills Purchasing Cost Reduction 138

Ship Monk

MARCH 11, 2021

For some, keeping track of metrics may as well be music to their ears. But, no matter which camp you’re in, the importance of validating your metrics cannot be understated. Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.”

Procurement Analytics 81

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 81

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. What this blog is about: Leveraging predictive analytics for forecasting and visibility. It is certainly harder to run an enterprise without forecasts or with incorrect future predictions.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Logistics Business Magazine

JUNE 16, 2023

CMC Packaging Automation, a leading supplier of automated packaging and mailing solutions that is proud partner of KKR’s Global Impact team and backed by Amazon’s Climate Pledge Fund, has launched its first annual sustainability report. Planning for the future The new sustainability report outlines the company’s environmental and social aims.

Procurement Analytics 65

Procurement Analytics Material Savings Packaging Procurement Solutions 65

Supply Chain Brain

JULY 27, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a detailed overview of the current state of global retail sourcing to help supply chain leaders make more informed purchasing decisions.

Purchasing Skills 93

Purchasing Skills Sourcing Procurement Analytics Purchasing 93

GlobalTranz

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. So, why do supply chain managers not take advantage of this data with respect to procurement?

Manufacturing Procurement 108

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 108

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

IoT World Today

MARCH 27, 2020

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). Bringing Analytics to Supply Chain Management. But 44% of respondents didn’t have a plan to deal with it.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

MTS Logistics

APRIL 6, 2022

In the midst of supply chain issues, grocery giant Lidl has indicated that it will be purchasing container ships. The problem was exacerbated by the Covid pandemic, which led to a decrease in the number of container ships operating as we have extensively reported. It recently registered a trademark for its own ocean shipping line.

Procurement Analytics 81

Procurement Analytics Purchasing Skills Procurement Solutions Purchasing 81

Logistics Management

MARCH 3, 2021

As myriad supply chain stakeholders continue to keep a watchful eye on climate change, sustainability, and the need, or even expectation, of having greener supply chains, a report recently released by the Environmental Defense Fund (EDF) presents the case for what can be done to spur on increased investment in, as well as the adoption of, electric (..)

Procurement Analytics 91

Procurement Analytics Purchasing Supply Chains Presentation 91

FreightWaves SONAR

APRIL 16, 2024

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

GlobalTranz

JUNE 14, 2017

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. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

Procurement Analytics 76

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Design 76

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Supply Chain Planning Software Procurement Solutions 105

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 101

Logistics Viewpoints

DECEMBER 15, 2022

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most.

Optimal Sourcing 116

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 116

GlobalTranz

JULY 13, 2015

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.

Procurement Analytics 107

Procurement Analytics Distribution Inventory Reduction Resource Reduction 107

Supply Chain Brain

MAY 31, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

Purchasing Skills 52

Purchasing Skills Sourcing Procurement Analytics Purchasing 52

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Procurement Analytics 69

Procurement Analytics Supply Chain Software Supply Chains Optimal Sourcing 69

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 75

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 75

Conger

MARCH 28, 2024

Data Analytics This involves the collection of data reports from various fleet performance metrics, such as vehicle utilization, fuel consumption, and maintenance costs. Controlling Costs Cost-controlling mechanisms provide businesses with required tools and insights to manage and reduce costs.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

AIMMS

JULY 23, 2019

But supporting the process with advanced analytics goes even further, contributing to higher levels of productivity and profitability. Like many organizations, Tereos recognizes the use of advanced analytics as an imperative. Advanced analytics as enabling technology. The use of predictive analytics is fairly common nowadays.

Procurement Analytics 111

Procurement Analytics Supply Chain Planning Software Scenario Planning How To 111