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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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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. SRM is more than a one-and-done analysis. Establish KPIs to track the quality of a vendor’s products and service, in addition to quantitative metrics such as timely deliveries, cost savings, and order accuracy.

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What is Transportation Management Software?

Trinity Logistics

Transportation management affects every part of your logistics process, from planning to procurement and more. With this, it can optimize each shipment, allows freight tracking by using real-time updates, payment processes are simplifying and streamlining invoices are audited, and develops reports through its in-depth data collecting.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

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Examples of How Supplier Quality Management System Implementations Pay Off

GlobalTranz

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. It takes much discipline and focus.

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Mastering Profitable Omni-Channel Logistics, Despite Disruptions

Logistics Viewpoints

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components.