OTIF compliance is a performance metric that measures how well a supplier delivers orders. On-time refers to meeting the agreed-upon delivery window, while in-full means delivering the exact quantity and type of products ordered, with no missing or incorrect items. OTIF compliance is critical in modern supply chains for several reasons. Reliable on-time deliveries ensure…
In today’s competitive landscape, the efficient management of inbound product flow is paramount for businesses handling physical goods. Ineffective coordination, limited visibility, and fragmented processes can lead to operational chaos, costly delays, and dissatisfied customers. By mastering inbound transportation management, organizations can revolutionize their supply chains. Through streamlined operations, significant cost reductions, and fortified supplier…
As companies grapple with the ever-increasing complexity of their supply chains, with the global logistics market projected to reach $14. 08 trillion by 2028 as per research by Statista, the need for a comprehensive solution to streamline transportation operations has become a strategic imperative. Enter the game-changing strategy of managed transportation – a revolutionary approach…
A staggering 60% of total supply chain costs can be attributed to transportation. But why is that? This is because transportation delays can cost companies billions. A study by the American Productivity & Quality Center (APQC) found that transportation delays can cost businesses an average of 8% of their annual sales. Research by McKinsey &…
Efficient logistics planning is the backbone of any thriving business operation. In the era of globalization and cut-throat competition, strategic logistics planning has become a game-changer for companies striving to gain a competitive edge. According to a Gartner survey, 77% of supply chain leaders view logistics planning as a top priority to drive efficiencies and…
Disclaimer: The list is purely subjective and is created on the basis of relevant experience and the contribution of the selected professionals in this field. If you have any suggestions or recommendations of other names who deserve to be a part of the list, please reach out to us and nominate your choice for –…
In logistics, one key player quietly ensures smooth operations: load planning. It’s all about strategically organizing cargo in trucks, containers, and warehouses.Load planners are like puzzle solvers, arranging items efficiently to make the most of available space. But it’s not just about fitting things in; it’s also about saving time and money by optimizing delivery…
Despite its often underestimated importance, sourcing is vital for modern supply chains. Statistics underscore its criticality: Over 90% of supply chain disruptions originate from suppliers, emphasizing the need for strategic sourcing’s agility and resilience. In today’s business landscape, procurement has transcended its traditional role to become a strategic powerhouse. Strategic sourcing empowers procurement managers, supply…
Customer demands are evolving rapidly, with expectations higher than ever. People want their orders almost instantly, making a smooth-running supply chain crucial for survival. Inefficient processes can severely impact your business, and there’s no room for disjointed operations anymore. Companies need to focus on streamlined processes that efficiently manage raw materials, production, and logistics to…