January 2019 - Lumatrak

Understanding How On-Time Delivery Delays Increase Project Budget Risks

Posted on January 25, 2019June 18, 2020 by Daniel Lansky

Understanding How On-Time Delivery Delays Increase Project Budget Risks Delayed shipments can be costly There are many intricacies involved in the execution of a project to ensure that the project is completed on time and within budget. Receiving everything On-Time, which requires coordination from all parties in the supply chain from the manufacturer to the buyer is one of the biggest execution pieces of any project. What Is On-Time Delivery? The definition of On-Time Delivery is e...
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Scoring Supplier On-Time Delivery Best Practice

Posted on January 18, 2019June 18, 2020 by Daniel Lansky

Scoring Supplier On-Time Delivery Best Practice Monitoring On-Time Delivery (OTD) supplier performance is crucial for all enterprises with a significant GNFR (goods not for resale) spend. Enterprises who actively manage supplier On-Time Delivery percentage protect their capital, revenue and profits. The Importance of Achieving Near Perfect Supplier On-Time Delivery Percentage Scores Ensuring suppliers are delivering On-Time is absolutely essential for GNFR risk mitigation. Each ent...
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The Trucker Shortage & Importance of Managing On-Time Delivery Execution

Posted on January 11, 2019June 18, 2020 by Daniel Lansky

The Trucker Shortage & Importance of Managing On-Time Delivery Execution According to industry experts, there is a significant shortage of truck drivers in America right now that is impacting the economy in a big way. In recent reports, there are more than 60,000 openings, and that number is expected to double in the coming years. Companies in the trucking industry are attempting to address this issue by doing things such as expanding their hiring criteria in hopes of filling thos...
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Breaking Down Indirect Spend Optimization Barriers

Posted on January 4, 2019June 18, 2020 by Daniel Lansky

Breaking through Indirect Spend Barriers

Breaking Down Indirect Spend Optimization Barriers Indirect spend can represent anywhere from 20-40% of a company’s revenue, making it a huge factor to the bottom line and profitability for any organization. And while there are not many completely new challenges to managing it, there are always new ways to address the optimization and investigation of the expense. Indirect Spend Optimization Procurement optimization measures must be taken on every level of operations, but it is esp...
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