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

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

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

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

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

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. This means faster shipping times, and lower transport costs.

Inventory Management Software 80

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

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. It has saved $275 million in logistics costs and 10m + kgs in Greenhouse gas emissions.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

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

Unleashed

APRIL 12, 2023

Here are some more differences between B2B and B2C fulfillment: B2B orders cost more to ship, can take longer to reach their destination, and may require specialized handling equipment for loading onto dedicated freight transporters. Conversely, B2C order fulfillment offers rapid, low-cost, and often free, shipping.

Supply Chain Planning Software 52

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

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

Unleashed

MARCH 31, 2021

These may be known as logistics service providers (LSPs) or third-party logistics (3PL) providers, depending on the context for which they are needed. A lean business looking to build efficiencies would do well to try and improve this metric. Freight bill accuracy. Transportation costs. E.g. 35 DOI + 31 DOR = 66.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

The Logistics of Logistics

APRIL 6, 2013

In my opinion, a service level agreement should be used in any customer-3PL engagement. Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. He is a guest speaker at the Purchasing Management Association and the University of Wisconsin-Madison.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

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. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

ShipBob

AUGUST 25, 2021

Some of these inefficiencies often start with improper purchase ordering. Partner with a tech-enabled 3PL. A technology-enabled 3PL handles all the logistics associated with warehousing , fulfillment, and shipping. The analytics are super helpful. Collect the right data.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

Zipline Logistics

JUNE 30, 2020

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Air Freight — Transportation of products via air transportation methods. ATA — Actual time of arrival. ATD — Actual time of departure.

Supply Chain Planning Software 52

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

ShipBob

MARCH 3, 2022

For Greg and many other retail businesses, success is heavily reliant on having a profitable cost per unit — and half of that battle is keeping your costs low. . Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

6 River Systems

JULY 25, 2019

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

CargoBarn

AUGUST 14, 2018

As capacity remains tight, carriers can afford to be increasingly selective about which shippers they choose to work with and the type of freight they take on, slapping rate increases on shippers they deem “difficult,” or avoiding their freight altogether. . Flexibility.

Supply Chain Planning Software 40

Supply Chain Planning Software Optimization Software Supply Chain Network Software Purchasing Skills 40

Supply Chain Collaborator

MARCH 13, 2017

Shippers opting to use a third party logistics (3PL) provider’s TMS solution as opposed to implementing and managing TMS internally the almost always lose more than they gain. While it may seem easier on the surface to outsource TMS to a 3PL, here are some hard truths about what a shipper stands to lose. Sorry, one size fits all.

3PL 60

3PL Network Design Software Procurement Solutions Supply Chain Network Software 60

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%.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver workforces. Business Priorities and Innovative Thinking. Mutual trust.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

FLEXE

JUNE 14, 2018

Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Post-purchase operations can feel like it’s out of your hands. Hiring a third-party logistics (3PL) provider.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

FLEXE

JUNE 14, 2018

Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Post-purchase operations can feel like it’s out of your hands. Hiring a third-party logistics (3PL) provider.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver work-forces. Business Priorities and Innovative Thinking. Mutual trust.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

6 River Systems

OCTOBER 14, 2022

This guide will primarily look at fulfillment through the e-commerce lens and deal mostly with third-party logistics (3PL) fulfillment methodologies. Other items that are heavy or bulky must be shipped via freight , and that requires access to a whole different network of specialists. Inventory management techniques. Drop shipping.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 52

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. At the very least, they should see a message indicating that the products are out of stock before they make the purchase. This is just good customer service.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

The Logistics of Logistics

FEBRUARY 22, 2013

Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). This means that while all KPIs are metrics, not all metrics are KPIs.

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

Logistics Bureau

AUGUST 10, 2017

If you’re competing on cost, then you might need to get products to the customers’ doors without charging shipping fees , or perhaps you’ll stop short of home delivery and ask customers to pick their purchases up from a storefront or some other predefined point (we’ll discuss some related concepts, like smart-lockers, later).

Supply Chain Planning Software 44

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

6 River Systems

APRIL 4, 2019

These technologies also contribute to a rise in big data and analytics in the logistics field. Mobile apps: Pulling these reports several times a day can be tedious and leads to performance not being monitored in real-time. Mobile apps can generate reports and monitor performance metrics. ScienceSoft.

Logistics Network Optimization Software 76

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 76

GlobalTranz

OCTOBER 27, 2015

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Cerasis is squarely focused on transportation management through technology and managed services , however, there are logistics companies who offer fulfillment, warehousing, freight forwarding, and more.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 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. Have you implemented a supplier quality system in your operations? Let me know how it went below in the comments section.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logistics Bureau

SEPTEMBER 28, 2020

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. The Differences between 4PL and 3PL. What is 3PL? What is 4PL?

Logistics Network Optimization Software 96

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Company 96

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers realize that purchasing decisions should be based on value, not just cost. A highly effective shipper will use metrics or key process indicators (KPIs) to monitor logistics performance. Not technology for the sake of technology, but value added tools that streamline the process for moving freight.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 225

GlobalTranz

MAY 6, 2015

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Increased supplier performance: reduction in lead times and creating cost reduction as your suppliers are the experts in their respective fields.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120