The Logistics & Supply Chain Management Society

MARCH 14, 2023

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Alignment in Organizations in the Summer of 2022. October 2022 is the thirty-third month of disruption.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that That’s an astonishing $933.30 Download the White Paper: Over the Road Freight Management Trends.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. LogiSYM Supply Chain Magazine – April 2022. HOW DID WE GET HERE? BE READY FOR THE NEW NORMAL.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Logistics Viewpoints

JUNE 1, 2023

In March 2022, online shopping was up 27% over the previous year. From the start of the pandemic until March 2022, online shopping went up by 33%. In 2022 overall, U.S. While supply chain compromises accounted for 1% of the intrusions in 2021, they rose to 17% in 2022. e-commerce online sales accounted for $1034 Billion.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 223

ToolsGroup

APRIL 1, 2022

Wildfires, mudslides, and flooding delayed lumber shipments, leading to a shortage that saw the cash market price for lumber reach $1,111 per thousand board feet in 2022 – almost triple its bottom price in August. Cotton production in India could dip 4% from 2021, down to 34 million bales in the 2021/2022 marketing year. FastMarkets ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. Organizations can align to drive value despite the allegiance to functional metrics. As long as companies are motivated by functional metrics, inventory management will be an enigma. Transition functional metrics to focus on reliability. Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ivalua

SEPTEMBER 14, 2022

As global risk factors evolve, organizations could leave themselves unprepared, creating unnecessary disruptions that are largely predictable — and in many cases avoidable,” comments Alex Saric, smart procurement expert at Ivalua. The study was conducted by Forrester Consulting in March 2022 on behalf of Ivalua. About the research.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Elementum

JUNE 30, 2022

Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks. Javier Echevarria has joined Ingredion as their Chief Procurement Officer.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . Why is Holistic Supplier Management important?

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Supply Chain Game Changer

NOVEMBER 3, 2022

Procurement Management. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services. As a result, you can eliminate paper-based processes and reduce errors due to manual data entry. Supplier Relationship Management.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Unleashed

JUNE 23, 2021

With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. But as the world moves on and we launch into 2022, the IDC expects investment in IoT to not only increase again (from 8.2% Read more: The 10 Procurement Metrics that Matter in 2021.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Taulia

NOVEMBER 8, 2024

This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. The 2022 Inflation Reduction Act (IRA) is a package of measures, including tax incentives for clean energy and manufacturing. C above pre-industrial levels.” How can technology help?

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Supply Chain Software Optimal Sourcing 98

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

Claritum

NOVEMBER 28, 2016

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.

Optimal Sourcing 50

Optimal Sourcing Cost Reduction Strategies Vendor Strategies Procurement 50

American Global Logistics

DECEMBER 7, 2022

The new model being developed in 2022 is customer-centric and strategic in outlook and planning. We’ll look back to events in 2022 that show this transition and transformation in the making. We’ll examine the remaining five next week in our final post of 2022. #1 To adapt, the U.S. That helped alleviate some of the pain.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

ivalua

JUNE 13, 2022

The post Procurement Metrics that Matter in 2022: Global Survey of CPOs appeared first on Ivalua.

Metrics 130

Metrics Survey Procurement Global 130

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Communication of this kind will prevent any procurement delays. Metrics such as rework rates or defective products help you understand how well your operations are working.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

QAD

MARCH 9, 2023

When manufacturers planned for 2022, they did not foresee that energy prices would skyrocket by 40% in Europe and 23% in the US and that inflation would run at 8-10%, depending on the region.” That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 98

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. ” Whichever name you choose to put on this cash management metric and process, the end result is the same.

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Manufacturing Procurement Procurement Analytics 94

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 75

Logility

OCTOBER 6, 2023

In a 2022 study conducted by Accenture entitled, “ How the cloud boosts supply chain innovation” , they found that 60% of cloud leaders are outperforming their competitors in supply chain transformation.

Supply Chain Planning Software 192

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 192

Enterra Insights

JULY 18, 2023

Transition to adaptive policies that enable NbS across infrastructure engineering, procurement, and construction. Generate guidance to improve NbS impact metrics for water security to demonstrate the multiple values of water. Stimulate private investment through blended financial solutions.” Identify locally led innovations.

Resource Reduction 130

Resource Reduction Industry Industrial Waste Reduction 130

Unleashed

JANUARY 24, 2022

Techniques for 2022 What is MRO inventory? MRO inventory can account for a sizeable portion of a business’ total procurement spend. Take a comprehensive approach to MRO inventory procurement. Train staff on how and where they can find the MRO inventory they need and the procurement processes of the organisation.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Supply Chain Matters

OCTOBER 12, 2022

In this Supply Chain Matters posting we highlight published September 2022 indices of global supply chain volatility ( GSPI ) and US Logistics Index ( LMI ) activity trends along with our view of the implications. In a prior Supply Chain Matters posting, we highlighted both September and Q3-2022 global and regional PMI indices.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

QAD

JULY 14, 2022

Unless these are supported by existing applications, it could force the quality department to create or procure point solutions in order to maintain compliance. Evidence of Reverse FMEA events must be available starting July 1, 2022 for forward model programs which have not yet completed Job 1. What is QAD doing about it?

Supply Chain Planning Software 98

Supply Chain Planning Software Modeling Software Supply Chain Design Software Supply Chain Software 98

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams.

Optimal Sourcing 69

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 69

Procurement Academy

FEBRUARY 6, 2024

For example, back in May 2022, the SEC charged BNY Mellon Investment Adviser, Inc. Sustainable Procurement Practices A sustainable procurement practice is one that appropriately integrates environmental, social, and governance factors into the core of the process. In the U.S.,

Waste Reduction 59

Waste Reduction Sourcing Strategies Supply Chain Strategy Optimal Sourcing 59

Elementum

AUGUST 17, 2022

It’s 2022, and there is software on the market for every situation—including software that meets the needs of supply chain management (SCM). This includes everything from the procurement of raw materials to the delivery of finished products. Supply chains are complicated and delicate. What Is Supply Chain Management?

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Supply Chain Game Changer

OCTOBER 4, 2022

A PMO may help a company’s procurement process by approving supplier names, documents, and histories and taking the necessary remedial steps. Distribution Network And Manufacturing Performance Metrics. Originally written for Supply Chain Game Changer and published on June 16, 2022.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

Supply Chain Matters

AUGUST 8, 2022

Supply Chain Matters highlights two additional indices of global and US supply chain volatility relative to July 2022 global supply chain activity levels. In a prior published Supply Chain Matters commentary, we provided highlights of the various July 2022 PMI indices across select global supply chain regions. Bob Ferrari.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Procurement Academy

OCTOBER 11, 2023

In the aftermath of the pandemic, the amount businesses were spending on upskilling their employees saw a slight decline, but in 2022, this trend strongly reversed with US-based businesses spending an average of over $1,200 on training programs. This is a serious investment that demands strong, measurable returns.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52