MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. There is increased competition from other 3PLs as well.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Intelligent Audit

FEBRUARY 3, 2022

Freight bill auditing service providers help shippers determine the cost of shipping services and what to pay for those services. . Get better deals on shipping rates. Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Identify potential loss leaders so you can reduce carrier costs.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Reduce shipping times Fast and reliable shipping helps to increase sales and is essential to the efficient turnover of your inventory stock.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

GlobalTranz

APRIL 13, 2015

Does the system support all modes of shipping within your operation? If your biggest pain point in transportation management is in LTL freight shipping, our TMS system is perfect. EDI enabled standard format of information exchange builds a benchmark for superiority. Is your organization a small to mid-sized business?

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logistics Bureau

AUGUST 10, 2017

If so, you’ll need to consider whether you will pass the costs of high-speed delivery on to the customer as shipping charges or absorb them in the retail price of your products. With that in mind then, will you work with 3PL companies to get your products delivered? But what if fleet ownership isn’t practical?

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44

ShipBob

FEBRUARY 17, 2023

Your brand’s average order value (AOV) isn’t a vanity metric. Take Rainbow OPTX, an online sunglasses seller: By working with their third-party logistics ( 3PL ) provider, ShipBob, to expand their 2-day shipping window to all customers, the brand experienced a drastic increase in how much their customers were willing to spend.

Price Reduction 105

Price Reduction Cost Reduction Strategies Inventory Reduction Expense Reduction 105

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). This metric doesn’t just account for the cost of buying inventory. These two metrics can be calculated using their respective formulae. puts it far behind the competition, as the GMROI benchmark in this industry for 2021 is $3.90.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

ShipBob

APRIL 13, 2021

However, there is a wide range of metrics that you should be tracking to help your online store grow. Why ecommerce performance metrics are important. Shipping & logistics KPIs. Why are ecommerce performance metrics important to your online store? Shipping fees. Table of Contents. What are ecommerce KPIs?

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

GlobalTranz

MAY 23, 2016

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Overall Costs of Less Than Truckload Freight Shipping. Liability Insurance. Customer Satisfaction.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136

Zipline Logistics

JUNE 30, 2020

These are a la carte, or per service, and outside of standard shipping and receiving. Account-Specific Pricing — Customer-specific pricing, or account-specific pricing , refers to an agreement between a vendor moving product and a carrier or 3PL that establishes custom prices. Consignor — The originator of shipped products.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. After implementing Chuck by 6 River Systems , one leading 3PL doubled its pick rates and improved order accuracy to 99.9%. Is your floor space cluttered and aisle ways clogged?

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark.

Expense Reduction 232

Expense Reduction Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 232

6 River Systems

DECEMBER 11, 2018

Reassess the value of your 3PL provider. “Third party logistics (3PL) providers offer solutions in warehousing, packaging, assembly and distribution under one roof, so you can leave some or all of the order fulfillment to supply chain experts. That, in turn, will help to drive customer satisfaction and loyalty to fuel growth.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

DECEMBER 5, 2019

For example, one 3PL doubled its pick rates and improved picking accuracy to 99.9% The more orders that are picked, the more orders can be shipped, and that means more orders can be invoiced, hence picking directly increases the revenue for the distribution center. after implementing 6 River Systems’ collaborative mobile robots.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 52

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. The inbound shipments themselves should ideally be preceded by advanced shipping notifications , sent electronically from your suppliers.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40