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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.

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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

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7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

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7 ways technology augments effective procurement in the shipping industry

FreightWaves SONAR

Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries.

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MIT Center for Transportation and Logistics with Chris Caplice

The Logistics of Logistics

He is also the founder of the MIT FreightLab – a research initiative that focuses on improving the way freight transportation is designed, procured, and managed. Outside of MIT, Dr. Caplice is the Chief Scientist for DAT Freight and Analytics. In this role, he pioneered the development of the Freight Market Intelligence Consortium (FMIC).

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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency. Efficiency in freight procurement allows companies to engage in other value-added work.

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Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? This, of course, requires a reputable global freight index.