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3 Components to a Complete Lean Transportation Management System

LeanCor

When we hear “transportation management system” at LeanCor, we don’t just think of software. Lean thinking can help organizations develop and maintain a fast, stable, efficient transportation management system. When shippers apply lean thinking to people, process, and technology in transportation, the results are significant. Are these practices part of your organization’s transportation management system?

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Let the Qs Begin

Supply Chain Shaman

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. How do you balance the trade-offs between source, make and deliver?

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Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. Instead, we found that the companies with the lowest total supply chain cost (a total of source, make and deliver) had average costs in manufacturing and distribution. Misnomer (n): A wrong name.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. The reason why they can do this is that customized products are sold directly to customers so they have the higher profit margin to compensate the higher transportation cost. Managing transportation at this scale is the absolute challenge.

Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Focus on total logistics cost reduction (transportation, warehousing, and inventory). Choosing the right target means defining your metrics, such as measuring carrier performance. Here are some general questions to ask when sourcing supply chain management services: Does the 3PL provide the services required? 3 Tips in Choosing Supply Chain Management Services.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 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 ).

Do No Harm…

Supply Chain Shaman

I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. Recently, I spoke to a major European retailer that lost 5% of their grocery revenues to Amazon in the first quarter of 2014. These tools allow us to look at sell, source, make, and deliver together.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Hau Lee, October 2014. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Managing the complexity of global transportation requires human capital, time, and/or money.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. One of such software is transportation management system (TMS) which is a subset of supply chain management regarding transportation operations (Mei & Eliot, 2017). TMS has become an indispensable tool in a growingly competitive and complex transportation landscape. 2014).

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively. 2014).

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Managing the complexity of global transportation requires human capital, time, and/or money.

Made in “I Really Don’t Know”

Talking Logistics

As first reported by Fairfax Media , a factory in North Korea has been making high-priced surf and snow gear for Australian surfwear company Rip Curl since at least 2014, with the garments labeled “Made in China.” As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. Source ID. Content Summary: Personal Mover Transports Employees around BMW Plant. To eliminate some of this traveling BMW’s R&D group developed a Personal Mover solution—a one-person means of transport for covering short distances within an operating site. Source ID. Source ID. Source ID. Source ID.

Taking the Hill

Supply Chain Shaman

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. We do not believe that there is much value in putting all companies into a spreadsheet and shaking them up… or looking at singular metrics without analyzing the intricate trade-offs of the supply chain when viewed as a complex system. When companies look at singular metrics (labor costs or inventory), they have moved backwards.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

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. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends.

5 Crucial Software Every 3PL Company Needs To Have

Abivin

For instance, platforms such as Uber Carriage and Cargomatic enable real-time, cost-effective, on-demand transport arrangements to the other business logistics services, which brings great competitiveness to this industry. This article will present five software that every transporter and 3PL company should employ to stay competitive, cost-effective and ensure on-time delivery. 2014). International Journal of Shipping and Transport Logistics.

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The Importance of Transparency in Supply Chains

Enterra Insights

Consumers, activists, and investors increasingly want to know the products they buy are sourced sustainably and ethically. ’ With respect to their consumer behavior, 73 percent of global millennials are willing to pay extra for sustainable products, an increase from 50 percent in 2014.”[2]. Transparency, on the other hand, involves moral and ethical dimensions of activities associated with sourcing and manufacturing. sources of raw materials.

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Logistics Services Providers Make Progress against Green Targets

BluJay Solutions

Reducing the environmental impact of sea freight will arguably have the greatest effect, given that it is estimated that shipping carries 90% of globally traded goods and its contribution of CO2 to the atmosphere is 3-4% of the global annual total (source: Multimodal ). Stay up to date on industry software tools such as Freight Forwarding (Software) , Logistics (Software) , Supply Chain (software) , Transport Management (Software) , Warehousing Management (Software).

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

In 2014, SAP posted revenues of 19.5B$ and Oracle with 38.3B$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The goal is deeper analytics to sense and respond across make, source and deliver. GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. Companies need a real-time data source on performance.

Evolution of B2B Networks

Supply Chain Shaman

In 2014 Thoma Bravo acquired GHX, a Supply Chain Operating Network for healthcare. In 2014 OpenText acquired GXS. This can include demand sensing into Distribution Requirements Planning (DRP), Demand-Driven Materials Requirement Planning (DDMRP), the Internet of Things sensing, and the use of independent demand into transportation planning. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is writing her third book, Leadership Matters.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Transport network disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal?

A Quick Glance Into The Logistics Market - January 2016

EFT

Source: US BEA). . Source: US DOC & Census Bureau) Consumer Confidence The Consumer Confidence Index increased to 96.5 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) . . Source: Conference Board). above December 2014. Source: US Census). . Source: US Census). . Source: US Census). . Source: U.S. Source: US Bureau of Labor Statistics). .

A Quick Glance Into The Logistics Market - January 2016

EFT

Source: US BEA). . Source: US DOC & Census Bureau) Consumer Confidence The Consumer Confidence Index increased to 96.5 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) . . Source: Conference Board). above December 2014. Source: US Census). . Source: US Census). . Source: US Census). . Source: U.S. Source: US Bureau of Labor Statistics). .

Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. The new year will then bring series on trends and on the state of some of the business functions and technology used in proper transportation and logistics management. Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Transport network disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal?

My Take: E2open Buys Terra Technology

Supply Chain Shaman

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. There is greater dependency on third parties for manufacturing and sourcing.

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Network Consolidation: A Step Forward for Market-Driven Value Networks?

Supply Chain Shaman

The network senses, translates, and orchestrates market changes (buy and sell-side markets) bi-directionally with near-real time data to align sell, deliver, make and sourcing organizations outside-in. For example, Infor purchased GT Nexus in 2015; OpenText purchased GXS in 2014, GHX purchased H-Card, LLC today; E2open purchased Terra Technology in May 2016 and Orchestro on Monday. E2open, following a rough 2014, was purchased by Insight Venture Partners in 2015.

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Doing Business in Belgium

QAD

Typical manufacturing products made in Belgium include engineering and metal products, automobile assemblies, transportation equipment, scientific and precision instruments, chemicals, pharmaceuticals, textiles, glass, petroleum and food and beverages. Belgium’s transportation and communication pathways are robust. 36 percent of Belgium’s energy consumption comes from renewable sources, making it the eighth country in the world for renewable energy production.

Cargo Flight Launches a Vital Link in the Ebola Response Effort

Supply Chain @ MIT

The Lab is part of the MIT Center for Transportation & Logistics. The 63 metric ton air shipment of personal protective equipment (PPE) and sanitation supplies valued at some $1.8 Items in this shipment were sourced in the United States, and the logistics team led by Dr. Goentzel worked with a commercial distributor to access manufacturing capacity for products such as Ebola suits that are relatively scarce. ACCEL is sourcing products locally where possible.

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This Week in Logistics News (May 22-26, 2017)

Talking Logistics

In the transportation management systems (TMS) realm, MercuryGate announced the launch of ezVision, “a new user experience for the MercuryGate TMS solutions designed to make transportation management easier, faster, and more dynamic by providing customers with quick access to the most critical and frequent functions done on a day-to-day basis.” The NaviShare platform is transportation management system agnostic.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line. They can also be used to track the provenance of adulterated products to identify the source. Mobile apps can generate reports and monitor performance metrics.

Takeaways from Descartes Evolution 2019

Talking Logistics

Source: Google. This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Descartes Systems Group Revenue 2006-2018 (Source: macrotrends). Real-time freight visibility is quickly becoming a “must have” capability for transportation managers.

Supply Chain Management:Demand Planning in CPG industry.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Demand planning is the most critical process in the CPG industry, since it drives all downstream processes (raw material/finished goods inventory planning, procurement planning, capacity planning, manpower planning, transportation planning, etc.) In this step, the actuals are compared with the planned metrics (MAPE, forecast accuracy, bias etc.) January 2014.

Supply Chain Management:Smarter Partnering for Smarter Business

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Some of those are Cognos, iLog, SPSS, Core Metrics, Emptoris, Vivisimo and many others, as world is moving from reactive to proactive. IBM already has multiple use cases configured for this offering - Water, Transportation, Public Safety and City Planning & Operations. Sourcing,Procurement,Contract & Spend Management (38). January 2014.