Remove Analysis Remove Operations Remove Purchasing Remove Tools
article thumbnail

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?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

article thumbnail

Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

GlobalTranz

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Inbound freight costs as percentage of purchases.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Implementing Last-mile Delivery Technology

Logistics Viewpoints

However, advancements in technology have made it possible for any company to automate and optimize their last-mile delivery operations. Key Last-mile Delivery Technology Solutions How can technology directly impact last-mile operations and improve the customer experience? Cost is an important consideration as well.

article thumbnail

Improving Supply Chain Visibility: The Impact of Data Strategy

3PL Links

According to a report, just 21% of purchasing executives grasp the difficulties of lack of visibility in the supply chain, which becomes even more crucial when the entire chain is struggling to ensure output and satisfy input demand. Which tools should we use? What are the company’s goals? What are the expected insights?

article thumbnail

How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. The pandemic uncovered key vulnerabilities in reaction times and agility by exposing gaps between plans and their execution due to lack of end-to-end visibility of operations. .

article thumbnail

Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Initially, this product will focus on the purchase order (PO) acceptance process. The visibility to spend allows them to provide excellent benchmarking in several areas.

article thumbnail

Capitalizing on ERP trends in 2024

SYSPRO Smarter ERP

This market growth is being propelled by the drive to improve operational efficiencies, the competitive advantages to be gained by adopting cloud-based ERP and the benefits offered by AI and ML. We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations.

ERP 59