article thumbnail

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.

article thumbnail

BD Achieves End-to-End Supply Chain Visibility

Logistics Viewpoints

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. In an article, I voiced my skepticism and said that I believed using AI to solve this problem would lead to huge number of false positives. Procurement managers need to focus on more than just saving money.

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

The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

article thumbnail

Here’s The Problem: Your Procurement Driven Transportation Sourcing Process Stinks!

247 Customs Broker

At first, he didn’t like my honest response: “Jim, you’re using a commodity-oriented procurement process for selecting your carriers and third-party providers. Here are four reasons why your own procurement process might not be as good as you think it is. Third, many procurement processes suffer from confirmation bias.

article thumbnail

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. What Are Your Freight Benchmarking Options?

article thumbnail

Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction. However, in this article, we’ll focus exclusively on the cost factor, drawing your attention to some questions you might ask yourself (and your team) about your facility’s energy usage.

article thumbnail

Sales and Operations Planning: The Interpersonal Element

Logistics Bureau

In this article, we’ll explain why that should be and how your company can avoid S&OP problems by investing correctly in the people and their interrelationships , without which it’s simply impossible to tie the moving parts of S&OP together. At the beginning of this article, we looked at who’s who in the S&OP process.