GlobalTranz

JUNE 14, 2017

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

Procurement Analytics 76

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Logistics Bureau

DECEMBER 22, 2024

Unlike most of the KPIs we recommend, perfect order is a composite of several elementary metrics. Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. What about DIFOT?

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

SYSPRO Smarter ERP

MARCH 13, 2025

Advances in automation, sensors, analytics, and other technologies have made significant changes in manufacturing. New technologies, like advanced analytics and artificial intelligence (AI) , allow this data to be used more effectively, and are transforming the world of production. Factories have changed hugely in the past 50 years.

Manufacturing Procurement 52

Manufacturing Procurement ERP Optimal Sourcing Supply Chain Planning Software 52

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 84

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 84

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

FreightWaves SONAR

APRIL 2, 2021

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

Globalior

JUNE 19, 2020

It is generally a good idea for traders to keep all documents archived for at least 10 years in all countries (unless retention standards are longer). When it comes to record keeping requirements of Customs authorities, the legal requirements usually stipulates that all documents related to the imported or exported goods must be archived.

Document 52

Document Manufacturing Procurement Procurement Analytics Packing 52

Logistics Bureau

JANUARY 20, 2025

When stock reaches a certain threshold the system automatically triggers purchase orders to suppliers. Predictive Analytics and Demand Forecasting – Modern supply chain systems analyse historical data, market trends and even weather patterns to predict future demand.

Supply Chain Software 75

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 75

3PL Links

JANUARY 8, 2025

By combining data on deliveries, the performance and use of each vehicle, the performance and behavior of drivers, the maximum weight transported by vehicle, and driver availability, this tool allows each delivery to be structured and continuous reports to be made in search of more intelligent processes.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 113

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 98

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

FreightWaves SONAR

DECEMBER 1, 2020

As reported by Brian Barry of Multichannel Merchant , it is simple: “Don’t try to write and enforce the ideal policy in one step. Tracking the total volume of inbound and outbound freight, not to mention its contingent factors through these metrics, adds value by enabling proactive transportation management. On-time deliveries.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

Shipchain

FEBRUARY 7, 2019

Additionally, global trade scales are vulnerable to an impending digital documentation revolution, as noted by Kyunghee Park of Bloomberg.com. For shippers to stay competitive with big-box retailers like Walmart along with growing e-commerce vendors, they must think outside the box and cut costs wherever possible.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Supply Chain Software Vendor Strategies Cost Reduction 112

Logistics Viewpoints

APRIL 13, 2022

There is a forest of legal documents addressing procedural hurdles. As a telling example, one document was titled, “ Employer’s Fourth Motion to Extend Time for Filing of Statement of Position.” It makes me wonder if this investor purchased the shares for the express purpose of using the ownership stake to push this agenda.

Purchasing Skills 109

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 109

GlobalTranz

JUNE 1, 2015

Overhead costs are excessive (due to systemic disorder). Inventory records, product specs, shipping documents contain errors. In addition, establishing a well-rounded set of metrics, set up self-monitoring metrics that hold individuals accountable for tracking their own levels of participation in the lean program.

Manufacturing Procurement 133

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction 133

Logistics Business Magazine

JULY 22, 2021

The Aschaffenburg, Germany-based intralogistics specialist Linde Material Handling (Linde MH) has released its sustainability report for 2020. Going forward, regular updates will continue to be published to document the progress being made. “At In its report, Linde MH recognises its employees as a cornerstone of success.

Procurement Analytics 65

Procurement Analytics Material Savings Resource Reduction Manufacturing Procurement 65

WorkWave

AUGUST 4, 2020

With PestPac Business Analytics, you gain the power to easily view and explore your business’s data in a way that makes sense and enables you to plan for the future of your business. The Power of PestPac Business Analytics. Billing Reports. Billing Metrics. At a Glance.

Data 91

Data Procurement Analytics Sourcing Strategies Ordering 91

Talking Logistics

MARCH 9, 2017

A Supply Chain Operating Network facilitates the exchange of documents and information, such as invoices, advanced shipping notices, status updates, and more, while participants execute specific activities such as tracking the location of shipments, confirming receipt of purchase orders, etc.

Supply Chain Software 90

Supply Chain Software Supply Chains Networks Optimal Sourcing 90

Dedola Global Logistics

MAY 1, 2024

Our suite of value-added services caters to clients with specific needs, offering personalized solutions that streamline the import process, cut costs, and align perfectly with your business requirements. We tailor our services based on your freight volumes, specific metrics, and custom criteria.

Procurement Solutions 80

Procurement Solutions Manufacturing Procurement Purchasing Skills Sourcing Strategies 80

Logistics Viewpoints

AUGUST 28, 2024

These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Having a well-documented DPP also makes it easier to report to regulators and stakeholders. Why DPPs Matter Consumers today expect transparency about the products they purchase.

Optimal Sourcing 124

Optimal Sourcing Optimization Software Supply Chain Software Optimization Modeling 124

Blue Grace Logistics

AUGUST 3, 2021

Create a documented process that will help guide your team through the management and administration of suppliers. In a large organization, this can include flowcharts, SOPs, policy documents and agreements, or simply a 2 to 4-page paper that covers all of the points of agreement for you and the supplier.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

FreightWaves SONAR

APRIL 16, 2024

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

Freightos

AUGUST 10, 2024

Amidst this boom, some veterans of the AI industry question whether this cycle will be different, especially as some corporate entities report disappointing returns on their initial investments. It’s been about two years since OpenAI publicly released ChatGPT.

Logistics Network Optimization Software 107

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 107

Logistics Bureau

DECEMBER 9, 2019

As detailed in a 2017 report by Agility Logistics subsidiary Shipa Freight, businesses in the SME category—which comprises 95% of all the world’s companies and generates more than 50% of the gross domestic product in many countries—face considerable difficulties when trying to compete globally with their larger counterparts.

Supply Chain Software 111

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 111

ShipLilly

JUNE 30, 2021

STEP 1: Vehicle documentation. Begin by gathering all the documents related to your car. STEP 3: Checking for and reporting damage. Reporting damage is a critical step that the transporter will require. However, you can report paint chips and discoloration. Key documents required to export a car.

How To 79

How To Document Expense Reduction Presentation 79

Logistics Viewpoints

APRIL 26, 2024

Colombian drug smugglers are disguising cocaine as “fake coal” within major bulk consignments to try to dupe port surveillance operations, according to a new report. This means the company won’t need to purchase additional aircraft, but will bring additional pilots on board to handle the volume boost, according to Tomé.

Logistics Network Optimization Software 119

Logistics Network Optimization Software Material Savings Supply Chain Planning Software Cost Reduction 119

Logistics Viewpoints

APRIL 7, 2023

According to the annual survey released by the National Retail Federation’s (NRF) and Prosper Insights & Analytics, consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 Spending is growing across several categories, and the top Easter items consumers say they are planning to purchase include candy ($3.3

Logistics Network Optimization Software 108

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 108

20Cube Logistics

SEPTEMBER 17, 2021

This saves you valuable time and gives you detailed analytics to help reduce costs too. As soon as a purchase order is entered into the system, you can monitor information about the supplier, bookings, shipping schedule, delivery, and more. Let’s take a look at some of the features. Customisable Workflows.

Vendor Strategies 52

Vendor Strategies Supply Chain Design Software Inventory Reduction Supply Chain Planning Software 52

Logistics Bureau

MARCH 14, 2018

Wholesalers in particular, seem to find it easy to fall into this trap, often as a result of making huge purchases of a single product to take advantage of bulk quantity discounts. There are plenty of simple, yet effective workflow software applications to be had, all of which will serve you better today than a trail of paper documents.

Warehousing 97

Warehousing Inventory Reduction Cost Reduction Expense Reduction 97

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. customer satisfaction.

Reverse logistics 103

Reverse logistics Optimization Software Logistics Network Optimization Software Transportation 103

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. Take the time to know key metrics – things like profitability, revenue growth, customer churn, etc. inside and out.

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

GlobalTranz

FEBRUARY 27, 2015

After all, actual users are best-positioned to provide an unbiased report on how ERP features can be harnessed for real-world competitive advantages. Running our pricing accurately was a huge problem… it is fairly easy now, and further use of reporting features will help with this. That’s tougher. It is providing many positive results.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

CLX Logistics

SEPTEMBER 9, 2022

The elements of a comprehensive shipping management platform are varied, ranging from RFID inventory management tools to minimize errors in documentation to shipping status tools that provide delivery updates to scheduling and planning tools for streamlining operations and improving customer service. Procurement, Benchmarking, and Bidding.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

GlobalTranz

AUGUST 7, 2018

Since only 11 Incoterms exist in the Incoterms 2010 ruleset, some companies, as well as purchasers and consumers, may need to know additional information about a product. In e-commerce, this may not be enough information to clearly define shipper and buyer responsibilities. Such information may be defined within individual SLAs.

Supply Chain Software 65

Supply Chain Software Supply Chains Manufacturing Procurement Purchasing Skills 65

GlobalTranz

MAY 13, 2015

And on the subject of sustainability, SCDigest.com covered Walmart’s 2015 Sustainability report : Walmart, the world’s largest corporation, is fresh out with its 2015 sustainability report, the eighth such document it has produced. ” Walmart states early on. But the retailer has refined the methods.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

SYSPRO Smarter ERP

MARCH 14, 2023

This approach involves gathering key performance metrics, then mapping business processes to identify where improvements will make a significant difference. Documenting what infrastructure changes or upgrades will be needed to support the new software is important.

ERP 105

ERP Optimization Software Optimal Sourcing Procurement Solutions 105

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. It has saved $275 million in logistics costs and 10m + kgs in Greenhouse gas emissions.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software 52