Logistics Bureau

OCTOBER 11, 2024

Here I want to share eight key procurement challenges that we and consultants are facing in today’s global sourcing world. The crux of the problem is that many seemingly smart outsourcing decisions were based on low acquisition or purchasing cost, rather than total supply chain cost.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

Supply Chain Shaman

NOVEMBER 9, 2014

The team was organized around the functional silos of source, make and deliver. When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. We are a month away from the publication of Supply Chain Metrics that Matter.

Manufacturing Procurement 287

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 287

Requis

OCTOBER 30, 2020

People are still worried about having efficiencies in their warehouses, making sure they’re laid out properly, and having the right processes. A lot of companies now will have regional hubs with just smaller satellite warehouses in each country. People are still concerned about outsourcing logistics and doing that right.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Unleashed

FEBRUARY 1, 2023

The demand planning and forecasting process The process of demand planning and forecasting can be extremely difficult, as it involves multiple teams across an organisation and data points from both internal and external sources. Test your findings Check the data against the reality of stock being ordered and warehoused and consumer demand.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. The ‘Warehouse Inventory’ report shows daily inventory on hand by case and case GTIN.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

ThroughPut

AUGUST 8, 2024

In addition, it should be able to integrate data from a variety of sources to provide you with end-to-end visibility across the length of your supply chain and generate recommendations for real-time inventory adjustments, picking, packing, and shipping decisions, etc. How Do You Measure the Success of An Inventory Management Software?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. The discontinuation of SKUs that have low sales volumes, high return rates, or high storage costs, can save on warehouse space, and handling fees.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain View from the Field

JUNE 10, 2014

The DRL is a rigorous metrics-based assessment of the value of data in various states of readiness. The aggregate change in DRL associated with a piece of data from raw input signal to finished product will contribute to the characterization of a given analytic flow in terms of accuracy, efficiency, and other performance metrics.

Analytics Software 89

Analytics Software Procurement Analytics Supply Chain Software Analytics 89

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies.

Sustainability 205

Sustainability Optimal Sourcing Logistics Material Savings 205

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. I am often asked to benchmark demand. Step Three.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

NC State SCRC

JUNE 27, 2017

It will not determine the extent of deployment across different business units, but could be used to benchmark performance across business units. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). > Procurement – Metrics – Cost of proc/TC of raw materials. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. 1] https://infocus.emc.com/mauro_caputi/contracts-management-and-analytics-the-source-of-truth-for-big-data/.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. This includes internal and external data sources.

Supply Chain Planning Software 276

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 276

DynaSys

FEBRUARY 3, 2021

Understand their sources of income. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering. During the COVID pandemic so far, companies have been forced to close or shutter warehouses.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

Supply Chain Shaman

AUGUST 26, 2015

In supply chain demand benchmarking, we see serious degradation of the forecast in lag 1 (30 days in the future) versus lag 3 or 4 (or 90/120 days in the future), due to the inclusion of sales data in management overrides. Organizational DNA is defined by supply. It is both an art and a science. We hope to see you there! _.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

ToolsGroup

APRIL 1, 2022

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Deloitte ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

SCMDOJO

DECEMBER 11, 2023

By assessing supplier performance metrics, such as on-time delivery, quality, and responsiveness, companies can identify high-performing partners and address issues with underperforming ones. Quality Metrics: Evaluates the quality of delivered products or services against predetermined standards. goods, services, or indirect spending).

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

6 River Systems

DECEMBER 13, 2019

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Intelligent Audit

FEBRUARY 3, 2022

Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Freight audit advisors specialize in auditing your different business relationships (carrier, 3PL, or warehouses, among others) to ensure that you are charged correctly, regardless of season. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JULY 6, 2020

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance.

Agile and Lean Supply Chain 301

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 301

Logistics Bureau

OCTOBER 26, 2020

It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions. Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity.

Supply Chain Planning Software 86

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 86

6 River Systems

JUNE 25, 2019

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. ” — How to Maximize Warehouse Efficiency , Parcel Pending; Twitter: @ParcelPending 5.

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56

Logistics Viewpoints

JANUARY 23, 2024

The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. The data is all anonymous, but retailers can look at metrics such as time to fulfill, pack time, conversions, and ship versus pick-up, to name a few, across hundreds of Active Omni customers.

Supply Chain Planning Software 236

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 236

Zipline Logistics

JANUARY 17, 2023

When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. Misaligned production, warehousing, and transportation functions are also a large source of supply chain inefficiencies, and they can cost brands big in wasted resources, time, and money. .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Logistics Bureau

OCTOBER 26, 2020

It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions. Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 52

EMERGE App

OCTOBER 4, 2018

Their boxes are gathering dust and they’re taking up valuable warehouse space that could otherwise have gone to another best-seller. Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Horror 8: No Escape Plan.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Alloy

OCTOBER 3, 2023

Channel Performance in Walmart Luminate is intended to act as your single-source of truth for sales, inventory and forecast data. This module also includes data on: switching, trial and repeat, assortment, basket, loyalty, benchmarking and more.

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Unleashed

MAY 2, 2022

These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Using inventory performance metrics can lead to: Happier customers – who get what they want, when they want it, at the price they’re willing to pay. This is a great metric to track as it tells you your break-even point.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

ShipBob

DECEMBER 3, 2021

The Director of Logistics is typically the head of a company’s logistics department, and is responsible for managing end-to-end operations within a business’ supply chain, and working internally with production, leadership, sales, and warehousing teams to optimize a business’ supply chain and align it with growth goals.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

Logistics Bureau

JULY 18, 2022

Warehouse facilities and proximity. Step 3: External Benchmarking and Competitor Research. Therefore, at this point, it’s a great idea to carry out some external benchmarking , to determine which performance elements you would need to improve to compete successfully, and which ones, if any, are already at a best-in-class level.

Inventory Reduction 91

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 91

Unleashed

JUNE 8, 2023

Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations. They’re also the ones that source those suppliers and speak to them on behalf of the purchasing company. Or it may be complex, such as the construction of a second warehouse or parking lot.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

While many transportation leaders would say the greatest challenge following extreme weather events is the impact on short-term rates and budgets, the potential impact on production facilities and warehouses can be just as significant. The challenge for shippers and carriers alike is visibility. Weathering the Trade Policy Storm.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130