Precoro

NOVEMBER 13, 2023

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Logistics Viewpoints

JULY 12, 2024

Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. For example, the grocer released its first report on corporate social responsibility efforts last year.

Material Savings 312

Material Savings Los Angeles Waste Reduction Logistics Network Optimization Software 312

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The Group’s sustainability policy is based on three pillars: Acting for People, Acting for Planet and Acting for Responsible Trade. In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. Acting for People.

Supply Chain Planning Software 242

Supply Chain Planning Software Resource Reduction Global Supply Chain Software 242

Logistics Viewpoints

JUNE 3, 2022

Shipping companies added capacity, but now containers are stuck in port. US challenges Canada’s dairy policies. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. And now on this week’s logistics news. Robot orders surge again in Q1.

Logistics Network Optimization Software 289

Logistics Network Optimization Software Oakland Logistics Pricing Training 289

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 105

Supply Chain Shaman

DECEMBER 7, 2023

For example, change the business models so that Ariba must interoperate with GT Nexus, E2Open with Elemica, MPO (Kinaxis) with Nulogy, etc. Maximize the value of the purchase order flow data already in the existing networks. (A A purchase order changes many times and needs synchronization.

Supply Chain Design Software 333

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 333

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. Breaking it down, the three sources of the price increase appear to be 1) labor costs, 2) transportation (shipping) fees, and 3) member benefits – aka, content. Shipping and Transportation Costs.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 120

GlobalTranz

JANUARY 21, 2019

We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics. So, let us reflect on the peak shipping season trends we saw at the close of 2018 and how those trends will affect the industry now and throughout 2019. Actual costs could quickly rise above 33 percent.

Trends 152

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Logistics Viewpoints

OCTOBER 31, 2022

ZF transforms those purchased products into over 2,000 products. MSCN solutions provide supply chain visibility, network-based applications, and network analytics. When the supplier has produced the goods, they send an advanced ship notice (ASN) to ZF via SupplyOn. Which ship are the components being shipped on.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 264

Logistics Viewpoints

JULY 9, 2021

Venues outside the greater Tokyo metropolitan area would allow small numbers of spectators, and the policy for the Paralympics will be decided next month. Container shipping prices skyrocket. New aircraft purchases are focused around twinjets such as the Boeing 767 and 777. And now on to this week’s logistics news.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Logistics Price Reduction Finland 263

Logistics Viewpoints

MARCH 26, 2021

Dublin-based Evocco lets you track, improve, and offset the climate impact of your food purchases based on your receipt. Egypt’s Suez Canal blocked by huge container ship. Port congestion has caused a lot of shipping delays over the course of the last year. Reports suggest it could be weeks before the ship is moved.

Logistics Network Optimization Software 57

Logistics Network Optimization Software San Francisco Manufacturing Procurement Logistics 57

Supply Chain Shaman

FEBRUARY 27, 2020

How do we harness the power of data with new forms of analytics? Pirate ships would lower their flag when puff roared out his name oh. Today, technology providers are selling analytics. We don’t understand why the investments of ERP and advanced analytics are not yielding better results…. S&OP Challenges. Reflection.

Analytics Software 247

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 247

GlobalTranz

OCTOBER 11, 2018

Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. Poor performance of new offerings leads to reduced profitability, reports McKinsey & Company. Create a hassle-free returns policy. GET YOUR COPY HERE.

Inventory Reduction 186

Inventory Reduction Price Reduction Cost Reduction Strategies Omnichannel 186

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. Another important issue is the company’s privacy policy.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

GlobalTranz

AUGUST 25, 2017

They are in charge of making sure that any inventory shipping in and out of the department is handled with care and delivered in a timely fashion without unforeseen budgetary expenditures. Reports to upper management. They manage the purchasing of inventory and supplies, as well as other materials. Transportation Manager.

Material Savings 76

Material Savings Transportation Inventory Reduction Optimal Sourcing 76

Enterra Insights

OCTOBER 21, 2021

Often, retailers consider a product’s supply chain to be complete the moment that it is purchased or received by a consumer. Because the digital path to purchase can easily be abandoned, retailers understand that a good returns policy can be a competitive differentiator. Returns Policy. But this isn’t always the case.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S. Container Import Volume Year-over-Year Comparison.

Predictive Analytics Software 301

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 301

GlobalTranz

JULY 19, 2016

percent annually, reports Jeffrey B. It stands to reason that compliance requirements , such as the EDI 856 Advanced Shipping Notice, will continue to become more important. Use Metrics to Track Progress and Order Fulfillment Processes. Each of these metrics relates directly to consumer promises, such as free two-day shipping.

Warehousing 120

Warehousing Procurement Analytics Cost Reduction Strategies Expense Reduction 120

ShipBob

APRIL 9, 2025

From receiving and storing inventory to picking, packing, and shipping orders, there are critical functions that occur within the warehouse that keep your supply chain running smoothly. When these functions are well-managed and optimized, businesses can better control costs, improve customer satisfaction, and ultimately drive growth.

Warehousing 52

Warehousing Supply Chain Design Software Optimization Software Supply Chain Planning Software 52

Veridian Solutions

MARCH 25, 2019

Retailers around the globe are working to create successful returns management practices to meet the demands of consumers, and today’s supply chain leaders need to understand how to create successful returns strategies, including policies that align with e-commerce. Characteristics of a Successful Returns Management Policy and Strategy.

Policies 61

Policies Resource Reduction Inventory Reduction Cost Reduction Strategies 61

GlobalTranz

AUGUST 28, 2018

Using a combined blockchain and reverse logistics strategy can help alleviate these costs, and supply chain executives need to understand a few things about it Reverse Logistics Carry High Risk in Supply Chain Management Risk within reverse logistics is higher than that and forward logistics.

Reverse Logistics 121

Reverse Logistics Cost Reduction Strategies Logistics Network Optimization Software Purchasing Skills 121

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. How do they buy from you? Why does it matter to you?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Intelligent Audit

MARCH 18, 2020

The question now is what will the impact of such a recession be, particularly on shipping. In a fairly ominous report sent out this week, Morgan Stanely stated that “Global recession in 2020 is now our base case.”. What Happens to Shipping. Projections of Economic Impact of CoronaVirus.

Shipping 95

Shipping Global Purchasing Skills Procurement Analytics 95

Supply Chain Shaman

DECEMBER 30, 2021

Global shipping is national news with most stories covering the symptoms. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Not only did the cost increase, but variability tripled. Unloading containers from a ship takes two-to-three days.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 195

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. As noted in the initial installment of this article, Elise Dopson reports, “Data suggests that 20% of online-bought products are returned, compared to just 9% of items bought in a brick-and-mortar store.”[1] Get Consumers to Keep What They Purchase.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

QAD

APRIL 9, 2025

Economic and Policy Volatility The impact of trade wars, political unrest between nations, and policy upheavals will ultimately be reflected in a companys profit margin. Policies related to trade agreements can be in flux, adding more complexity when adding additional sources to strengthen supply chain resiliency.

Supply Chain Disruption 52

Supply Chain Disruption Pharmaceutical Supply Chain Planning Software Supply Chain Software 52

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. These purchases might be recurring or occasional, some might be planned, and others pop up in response to sudden changes. Operating vs. Non-operating.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

BlueYonder

JANUARY 6, 2025

While just 10% of in-store purchases are returned, the return rate rises to 26.4% According to Statista, the most returned online purchases in the U.S. According to Statista, the most returned online purchases in the U.S. That means they can make smarter returns decisions and implement more successful returns policies.

Purchasing Skills 52

Purchasing Skills Cost Reduction Strategies Retail Trends 52

GlobalTranz

JULY 22, 2016

and the compounded annual growth rate is expected to stay at or above 10 percent over the next half-decade, reports William B. Globalization Promotes International Shipping and Logistics. Consumers are also looking to business for benefits in every purchase. Is there a shipping cost? What is the returns policy?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Modeling Software Analytics Software Optimization Software 120

BlueYonder

MARCH 20, 2025

There are hundreds, if not thousands, of factors that impact the worlds automotive supply chains from tariffs and other trade policies to increasing extreme weather events , interest rates, inflation, sustainability pressures and the rise of artificial intelligence (AI). And they want free or low-cost shipping.

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Demand Planning Software Automotive 52

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. 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.

Procurement Analytics 78

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

The Logistics & Supply Chain Management Society

JULY 23, 2020

Most of the current repetitive processes like (forecasting, reports, purchase orders & Invoicing) will be automated using various technologies. The All England club which runs prestigious Wimbledon Lawn Tennis Tournament, was paying 2 mil $ per year as Insurance for a Pandemic policy consistently for last 17 years.

Agile and Lean Supply Chain 258

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 258

ToolsGroup

JANUARY 8, 2019

So he says, “Improving demand accuracy is now intrinsically linked to the use of analytics to recreate the environment in which historical demand occurred.” He suggests including inputs to demand calculations such as demand transfer, competitor pricing, weather, social commentary, and shipping and returns policies.

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

BlueYonder

AUGUST 20, 2024

Forbes data shows that 73% of consumers want seamless shopping between channels – which includes the freedom to research products online, compare prices, and even make purchases before heading to a physical store to try on or pick up their items. Delivering an omni-channel experience requires a high degree of integration between each channel.

Sourcing Strategies 110

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 110