Remove Analysis Remove Exercises Remove Procurement
article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

“Flesh and Breath” – The Appeal of Delegating to AI and its Limits

Logistics Viewpoints

Automation powered by AI takes over tedious grunt work involved in areas like supply chain procurement, with chatbots negotiating routine contracts with suppliers, saving money and freeing up time for professionals to handle more complex deals. It responds to queries based on AI models, not comprehension.

article thumbnail

Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs. More supply chain companies sharing more real-time data creates richer opportunities for benchmarking, analysis, insights and collaboration to drive business benefits for all parties. All aboard.

article thumbnail

Product Slotting in a Warehouse: Complete Guide

Logistics Bureau

Where to Start with a Product Slotting Analysis To start with, find out which products are picked the most and place them as close as possible to what we call the centre of gravity of the warehouse, where dispatch is situated. To do a proper analysis though, we need to go a bit more in-depth.

article thumbnail

Why the Supply Chain Matters to Business Success

Logistics Bureau

If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise. The use of a methodology known as “cost to serve analysis” often reveals shocking realities about supply chain costs.

article thumbnail

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

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. Alternatively, you can procure access to a digital freight benchmarking platform.