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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

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Maximize Ecommerce Supplier Relationships

Ship Monk

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Establish KPIs that hold both your suppliers and your procurement team accountable.

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Warehouse Design – Rules of Thumb… And a Checklist

Logistics Bureau

Of course, in a brief guide like this one, we can only share some basic tips for warehouse planning and design. Advice on equipment and assistance with selection and procurement. Distribution network analysis, design, and redesign. Truck turning space 30-40 metres. Important Planning Points. Avoid funnels and bottlenecks.

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Manufacturing Supply Chain Constraints and How to Overcome Them

FreightWaves SONAR

Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products. Knowing when it’s time to revisit bids and renegotiate contracts is critical for procurement and intervention management.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending.

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Freight Market Intelligence: Data is crucial, but context is king

Freightos

Legibility, followed by analysis and the ability to take action can literally change industries. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive. But even since July 2020, much has changed.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

But, of course, what those circumstances are is for you to decide. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs. Without further ado, then, let’s move on so I can fulfil the promise above.