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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. We’ll begin with a look at pricing strategy. Do You Lack Confidence in Your Pricing Strategies? It’s unlikely, however, that the effects of your pricing strategies are quite that simple.

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

Purchase Order Cycle Time. Purchase order cycle time is a KPI that measures the elapsed time between raising a requisition request and the transmission of the purchase order to the vendor. Cost per Purchase Order and Cost per Invoice. Calculate it as a ratio of emergency purchases to total purchases for a given period.

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Ways to Handle Excess Inventory in Retail

ShipLilly

Of course, this is only possible with goods with a long expiry date. Businesses are realizing that they ordered more than they needed Another option is to cultivate customers through aggressive marketing. Historical data, as well as informed projections, can be useful in this exercise.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. The companies most likely to emerge strongly from the Coronavirus crisis are those that had diversified their operations and implemented multi-sourcing strategies.

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Preparing for preparedness – how should we begin?

Logistics in War

Of course additional funding and attention can improve the capability and capacity of any military force to sustain itself in peace and on operations. All militaries enjoy large-scale exercises, simulations and desk-top analyses but very rarely do they focus upon the logistics process.

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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. For instance, automated order processing can reduce order processing time, while predictive analytics can help forecast demand more accurately, reducing the risk of stock-outs or excess inventory.