GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL. transportation metrics ?that are liable?network

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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. 3PL/Shipper/Customer Rewards.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. Advantage 3PL. The cost of dependency is huge.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

Talking Logistics

JUNE 2, 2016

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. Step 3: Develop a Customer-Centric Supply Chain Model.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

The Logistics of Logistics

FEBRUARY 16, 2024

Kate Klemmer Terry and Joe Lynch discuss the brand-centric 3PL, Outerspace. Kate is the Chief Commercial Officer at Outerspace , a 3PL made for brands, by brands. Data-Driven Insights: Their technology platform provides real-time visibility and analytics to empower brands with data-backed decisions.

3PL 163

3PL Logistics Network Optimization Software Analytics Software Optimization Software 163

GlobalTranz

APRIL 5, 2016

Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Client Needs of 3PL Logistics Companies.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

Supply Chain Matters

JUNE 23, 2023

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 34th Annual State of Logistics Report to organization members and the industry as a whole. Background As our readership is likely aware, this report provides a snapshot of the U.S.

Procurement Analytics 40

Procurement Analytics Report Negotiating Skills Purchasing Skills 40

GlobalTranz

MARCH 2, 2015

When it comes to efficient and cost-effective over the road transportation management , it is absolutely crucial that you be working with a trustworthy 3PL. Understanding the potential value of a 3PL early in the process is crucial to saving money and providing great service. What Is A 3PL?

3PL 120

3PL Third Party Logistics Logistics Network Optimization Software Cost Reduction Strategies 120

Logistics Viewpoints

OCTOBER 19, 2023

When the 3PL driver delivered it a few months later he noticed it was damaged and submitted a request for a replacement. Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Talking Logistics

DECEMBER 11, 2014

As the American computer scientist Alan Kay famously said, “The best way to predict the future is to invent it.” So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. 3PLs Need to Take Broader Perspective.

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Supply Chain Game Changer

NOVEMBER 28, 2019

Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The global 3PL market, valued at $728.6B While 3PL providers want to adapt to this new market opportunity, their existing logistics operations often have a hard time keeping pace with these growing demands. BILLION by 2025. Project 44.

Logistics Network Optimization Software 83

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 83

ShipBob

JANUARY 23, 2023

This year over 20% of purchases are expected to take place online , compared to 17.8% Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. Although they reported $75.5

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

Supply Chain Game Changer

MAY 2, 2019

Growing e-commerce fulfillment demands and costs have collided to bring about an uptick in average 3PL fulfillment prices within the outsourced fulfillment industry, as was evidenced by FulfillmentCompanies.net’s annual poll of 500+ warehouses across the US. 3PL Fulfillment Prices & The Cost to do Business are Rising.

Negotiating Skills 51

Negotiating Skills Purchasing Skills 3PL Warehousing 51

The Logistics of Logistics

AUGUST 29, 2019

At one point while working for a 3PL, I did a lot of work in retail. [04:37] I was involved with the procurement of equipment and materials. Instead of working with a 3PL, we hired everyone that we needed ourselves. [11:47] 11:47] Up until July of this year, Saudi Aramco was their own 3PL. The business model changed.

Saudi Arabia 113

Saudi Arabia Logistics Network Optimization Software Company Procurement Analytics 113

Talking Logistics

MAY 27, 2015

The company invested $125 million in R&D last year, a level it plans to sustain moving forward, and about 10 percent of that investment is going toward JDA Labs , which is focused on cloud, mobile, machine learning, predictive analytics, wearables, and other customer-guided projects. The value of IT is in how you use it.

3PL 100

3PL Conference Logistics Network Optimization Software Negotiating Skills 100

Vinculum

AUGUST 15, 2021

You can buy land and develop your warehouse, or purchase the right warehouse management for your business. Gain insights into warehouse management with 3PL in this blog. 5 advantages of Warehouse management with a 3PL. Benefits of working with a 3PL for warehouse management include: Logistical optimization.

Supply Chain Design Software 52

Supply Chain Design Software Inventory Management Software Forecasting Software Supply Chain Network Software 52

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

6 River Systems

JULY 29, 2020

Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes. Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc.

Warehousing 111

Warehousing 3PL Company Third Party Logistics 111

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Cost per unit. Backorder rate.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. Indeed, the 3PL industry is projected to grow at a CAGR of 7.1%

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Unleashed

OCTOBER 6, 2021

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

GlobalTranz

AUGUST 1, 2018

Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supply chains. In turn, demand for 3PL services may increase, and even 3PL-based platforms, such as the Cerasis Rater, will grow in usefulness.

Supply Chain Planning Software 121

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Pharmaceutical 121

ShipBob

NOVEMBER 15, 2021

In this article, we will discuss what logistics planning is, why it’s important for ecommerce, tips on how to optimize your logistics plan, and how a 3PL like ShipBob can help facilitate business growth by handling all internal and external logistics processes. What is logistics planning? Meet customer demand quicker.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

ShipBob

OCTOBER 24, 2022

Demand forecasting can help you spend less money on both inventory purchase orders and warehousing , as the more inventory you carry, the more expensive it is to store. They plan to continue to grow at that pace, so they are looking into whether they should purchase land, lease a warehouse, or outsource fulfillment to keep up with demand.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

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. Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. It ties up precious capital, leads to extra storage costs, and may result in the product becoming outdated before it can be sold.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

The Logistics of Logistics

OCTOBER 8, 2012

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Unleashed

APRIL 12, 2023

Conversely, B2C order fulfillment offers rapid, low-cost, and often free, shipping. B2B procurement contracts can last for prolonged periods and be worth millions of dollars. B2C may result in a one-time only purchase by a customer compared to long-standing orders for B2B fulfillment.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

OCTOBER 13, 2017

Among millennials, consumers are willing to pay a premium up to 30-percent more for same-day delivery, reports McKinsey & Company , with an overwhelming majority willing to pay extra for guaranteed delivery, as shown below: Paired with the sudden spike in parcel delivery, last mile delivery will continue to grow 10-percent annually.

Logistics Network Optimization Software 204

Logistics Network Optimization Software Trends Procurement Analytics Logistics 204

Enterra Insights

SEPTEMBER 12, 2019

The staff at Legacy Supply Chain Services explains, “Consumers expect to find the products they want both in-store and online, to use technology to make purchases with the swipe of a finger and to have their purchase delivered to their doorstep the very next day. Lack of Inventory Visibility and Metrics. They are: 1.

Omnichannel 100

Omnichannel Logistics Network Optimization Software Retail Inventory Reduction 100

Turvo

NOVEMBER 23, 2021

Consumers or business owners create a purchase order. Utilizing supply chain management tools or 3PL partnerships gives a first-mover advantage to large companies. A tailored 3PL solution that includes all the touchpoints mentioned here is probably the answer. Reduction of labor cost + raise in daily wages.

Supply Chain Software 86

Supply Chain Software Predictive Analytics Software Analytics Software Optimization Software 86

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

GlobalTranz

FEBRUARY 7, 2018

Companies Will Levy the Power of 3PL-Based Technologies. The increasing power of Amazon will also be a driving force in the push for supply chain managers to adopt transformative supply chain technologies and take advantage of 3PL resources, asserts Amy Wunderlin of Supply & Demand Chain Executive. Download white paper.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 170