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

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. VR tends to replace the entire image.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Logistics Bureau

DECEMBER 24, 2024

Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). For example, companies that have their own in-house vehicle fleet often struggle to deliver products on time. But what of the balance? The reason is elementary.

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 98

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

Logistics Viewpoints

JUNE 9, 2022

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. Before the peaks – using data analytics to make the right decisions. An intelligent CMMS can prevent delays like these.

Logistics Network Optimization Software 117

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 117

Trinity Logistics

NOVEMBER 30, 2021

And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing. You’re going to need to build out a team of transportation management software specialists who can expertly use, read, and pull reporting from your new TMS.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 116

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. What this blog is about: Leveraging predictive analytics for forecasting and visibility. It is certainly harder to run an enterprise without forecasts or with incorrect future predictions.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Logistics Bureau

JULY 27, 2016

Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. SEE ALSO: How to Address Chronic Poor Supplier Performance.

Procurement Analytics 40

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 40

Trans Global Auto Logistics

DECEMBER 17, 2020

For example, are your people going to be driving offroad? If you are purchasing fleet insurance for vehicles your organization owns, be sure that they are insured at least to the minimum legal requirements in the jurisdiction in which they are being operated. How Do We Put Safety First? What Kinds of Vehicles Do You Need?

Tips 98

Tips Efficiency How To Purchasing Skills 98

Stord

OCTOBER 14, 2020

The ending inventory cost would be zero, while the beginning inventory cost would be high. But that’s not how it works. Instead, inventory is purchased throughout the year, sometimes at different prices. Sometimes it’s purchased at a lower cost, sometimes at a higher cost. Publicly-traded U.S.

Purchasing Skills 78

Purchasing Skills Inventory How To Procurement Analytics 78

Logistics Bureau

APRIL 4, 2022

It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Freight Benchmarking: How to Do it Right. In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors.

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. That’s bad news for your supply chain costs, customer service, profitability, and, thus, your reputation. How to Improve Forecast Accuracy for Optimal Inventory. How Does Lead Time Affect Inventory?

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

3PL Links

JANUARY 8, 2025

In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. How does a fleet management system work? Capacity, these metrics are essential for managers to analyze the operation and opportunities for improvement.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

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. For example, let’s briefly revisit mistake #6…. 6: Neglecting Goods-in Processes. It has now been updated with the addition of some deeper content.

Warehousing 97

Warehousing Inventory Reduction Cost Reduction Expense Reduction 97

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Robotics Will Grow More Versatile.

Supply Chain Planning Software 73

Supply Chain Planning Software Procurement Analytics Supply Chain Software Manufacturing Procurement 73

GlobalTranz

MAY 1, 2018

Since this trend isn’t likely to change anytime soon, shippers who can contain the cost of shipping by maximizing efficiency and optimization throughout their shipping network will be on firm ground heading into the future. Data-driven analytics enables you to make cost-effective transportation decisions.

Procurement Analytics 61

Procurement Analytics Optimal Sourcing Data Sourcing Strategies 61

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Manager

MARCH 10, 2020

Gartner has released a report detailing how to secure supply chains amidst the coronavirus (COVID-19) outbreak. Consumers: Consumers may be more cautious in their purchasing habits due to fears about being in public and potential exposure to the virus. Many may turn to online sales, challenging logistics networks.

Gartner 67

Gartner Scenario Planning Supply Chains Security 67

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. (You

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

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

GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. What Data Analytics and Business Process Strategy Services Are Offered?

Logistics Network Optimization Software 96

Logistics Network Optimization Software Procurement Analytics Inventory Reduction Supply Chain Software 96

GlobalTranz

NOVEMBER 21, 2017

Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. But many companies have struggled to embrace the relationship between using analytics and implementing changes that can improve business performance. The simpler the model, the more likely the use.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. But do you know how to operate your fleet for the maximum economy? Getting rid of vehicles might be challenging, but it’s worth striving towards as a cost-saving goal.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

Logistics Bureau

OCTOBER 26, 2020

As legislation focuses ever more heavily on environmental protection though, and consumers increasingly consider sustainability in their purchasing decisions, all supply chain organisations will need to find the way forward. How to Develop a Sustainable Supply Chain. Reduce Your Environmental Footprint.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 98

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. It may be difficult to decide how to spend a limited budget on new digital technology. It ties into the ERP system where quotes and purchase orders are managed.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity.

Optimization Software 122

Optimization Software Supply Chain Design Software Modeling Software Digital 122

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted.

Optimal Sourcing 125

Optimal Sourcing Purchasing Skills Procurement Analytics Optimization Software 125

GlobalTranz

MARCH 23, 2016

How to Breakthrough Lean Culture Plateaus. Leader standard work in order to create accountability within the team structure; Problem-solving thinking; how to align your organization so that the right problems are solved at the right level. Practices and learns how to apply Lean tools. Ask yourself, "Has the Lean team plateaued?

Manufacturing Procurement 54

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 54

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

In general, manufacturing operations collect data (often manually), but the challenge is that many may not have a clear idea of how to use it to impact the supply chain or cannot easily access it because it is locked in legacy systems. And simply accessing that data is not enough – organizations must be able to monetize it.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics After-sales Price Reduction 82

Logistics Bureau

NOVEMBER 23, 2024

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. Some common-sense metrics to apply at goods receiving include “truck time at the unloading dock” and “time from receiving to putaway.”

Warehousing 74

Warehousing Inventory Reduction Cost Reduction Waste Reduction 74

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Metric: A metric is a measurable indicator that changes over time.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Logistics Bureau

DECEMBER 20, 2021

The one thing they all have in common is that, under the right circumstances, they are more than merely valuable metrics. Every company that depends on selling a physical product needs to know how fast the product moves. The inventory turns KPI is the metric that provides this information. How to Calculate Inventory Accuracy.

Inventory Reduction 98

Inventory Reduction Inventory Cost Reduction Purchasing Skills 98

Conger

MARCH 26, 2025

Electric Forklift Rental vs. Purchase When you rent an electric forklift, you pay as you go, avoiding the upfront cost of buying one , which usually costs around $30,000. Monthly rental rates typically exceed the long-term cost of purchasing or leasing due to rental company overhead and profit margins.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Negotiate Pricing 52