Supply Chain Visibility Archives

Optimizing your GNFR Supply Chain

Posted on March 16, 2023March 10, 2023 by Lumatrak

Optimizing your GNFR Supply Chain The goals of optimizing the Goods-Not-for-Resale (GNFR) supply chain include: Cost Savings By identifying and tracking GNFR expenses, a retail business can identify areas where cost savings can be made, such as by negotiating better prices with suppliers or standardizing purchasing processes. Inventory management By implementing an inventory management system, a retail business can track inventory levels and identify areas of overstocking or ...
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Increasing Supplier Accountability

Posted on March 10, 2023March 10, 2023 by Lumatrak

Increasing Supplier Accountability Retail businesses rely heavily on their suppliers to provide a range of goods and services that are essential to their operations. Goods-not-for-resale (GNFR) spending represents a significant portion of a retail business's expenses and it is critical to ensure that suppliers are providing the products and services as agreed upon. Increasing supplier accountability in the GNFR space is essential for the success of a retail business. There are several...
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Onshoring Considerations

Posted on January 18, 2023February 22, 2023 by Lumatrak

Onshoring Considerations In today’s globalized economy, many companies have turned to offshoring, or outsourcing the production of goods and services to countries with lower labor and production costs. However, the current climate of multiple supply chain disruptions has led some companies to re-evaluate their reliance on foreign suppliers and consider the advantages of onshoring, or producing goods and services domestically. Shipment containers from offshoring Mitigating Risk from for...
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Managing Supply Chain Pinch Points

Posted on January 12, 2023February 22, 2023 by Lumatrak

Texas sign shown frozen during a winter storm

Pinch Points Affecting Supply Chains Last week, I discussed some of my more general risk mitigation strategies. This week, I’m going to focus on a specific example of a pinch point within the supply chain. A pinch point is a product that has limited sourcing options. Winter storms causing supply disruptions In 2021 and 2022, we experienced supply disruptions within our refrigerated systems category despite being sourced with multiple suppliers. In February 2021, the south-central regio...
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Advanced Analytics

Posted on December 7, 2022February 22, 2023 by Lumatrak

Advanced Analytics Last week, we discussed Continuous Intelligence. When embarking on digitizing your supply chain, a first step is to shift responsibility for communicating current order status onto the suppliers resulting in the collection of real-time, actionable information for the business. Sharing data throughout the enterprise The next step in the digitization journey is to create a way to present this information to your stakeholders. The information has to be clear, useful...
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Digitize GNFR On-Time Delivery to Manage Supplier Performance

Posted on December 21, 2018June 19, 2020 by Daniel Lansky

Digitize GNFR On-Time Delivery to Manage Supplier Performance Some companies still use manual processes by using the telephone, email and spreadsheets to manage GNFR (goods not for resale) supplier performance. While this system may have worked for smaller, less complex organizations, it is obsolete for lean, large, dynamic, and more complex organizations. There are multiple technologies available that can help manage different aspects of GNFR spend. These newer technologies are important f...
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Understanding the Value of Gaining GNFR On-Time Delivery Control

Posted on December 7, 2018June 18, 2020 by Daniel Lansky

Understanding the Value of Gaining GNFR On-Time Delivery Control Complete transparency in the entire acquisition process is the best way to operate so that companies can readily track errors and spending habits that may be inhibiting profit. But how does this work? What Is On-Time Delivery and Where Does Visibility Come into Play? On-Time Delivery (OTD) is a metric in which the supplier delivers the complete order to the right location, at just the right time. An On-Time Delivery C...
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