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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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3PL Contracts – The Options

Logistics Bureau

Where the existing in-house operation is very inefficient, inappropriately resourced or could gain significantly from being incorporated into a larger operation, then of course savings may be possible. This is best achieved by open discussion and analysis of the activities and product volumes involved.

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Maximize Ecommerce Supplier Relationships

Ship Monk

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Establish KPIs that hold both your suppliers and your procurement team accountable.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

Transportation modes used in procurement and shipping. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. Inventory location and management. Raw material suppliers and logistics. Distribution of goods prior to purchase. Demand fluctuations.

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How Do Supply Chain & Transportation Leaders Get Started Using Their Big Data Strategy?

GlobalTranz

For example, supply procurement, manufacturing processes and warehousing information should be the first considerations. Automated notifications via TMS or other connected platforms when an error occurs can also help to reduce inconsistencies or errors throughout the course of work. Bluetooth-connected sensors. Hand-held scanners.

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Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

GlobalTranz

” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Top carriers will have dedicated classroom space, a well thought-out training course, and experienced instructors. He enjoys the challenge of helping a young company grow.