Logistics Bureau
AUGUST 2, 2021
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.
The Lean Thinker
DECEMBER 14, 2023
Of course that implies that we (our community) is still largely stuck in the same groove we were a decade ago. It took four 11×17 (A3 size) sheets taped together to depict what happened as raw steel came in one end of the building and was cut, bent, welded, painted, and assembled with purchased components into the final product.
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Logistics Bureau
APRIL 4, 2022
The answer is to benchmark your freight, of course. 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. What Are Your Freight Benchmarking Options?
Logistics Bureau
APRIL 3, 2023
But, of course, what those circumstances are is for you to decide. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.
Logistics Bureau
SEPTEMBER 4, 2023
And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Are Your Profit Margins Declining?
GlobalTranz
APRIL 6, 2021
But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen.
Logistics Bureau
JANUARY 7, 2020
Of course, it is helpful to have some statistics on hand to validate the statement above. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Development of analytical and network design skills within the company’s supply chain teams. Procurement costs.
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