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

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SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 90

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ShipBob

JANUARY 23, 2023

Learn More About Last-Mile View Final Mile Carriers How 3PLs Help With Ecommerce Logistics Get a Fulfillment Quote from ShipBob Last-mile logistics has always been a hot topic in the world of fulfillment. Today’s customer expectations demand fast and accurate shipping, no matter where they shop online.

3PL 98

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Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. In this article, we’ll examine all that 3PL warehousing entails, while helping you find a 3PL partner that’s right for your business. Types of 3PL Warehousing.

Warehousing 52

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Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. 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. What’s the difference?

Inventory Reduction 52

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ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

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ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

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ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

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3PL Insights

OCTOBER 6, 2017

When choosing a 3PL, it’s important to be picky. Your shipping and distribution can be affected by a number of issues. If you’re handling shipping on your own, there’s more room for error when you have other matters of your business to focus on. Shipping and handling quality is improved when using a 3PL.

3PL 58

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GlobalTranz

OCTOBER 6, 2021

Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL . Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing. The value gained from rapid scalability and collaboration is critical for the modern supply chain.

Prescriptive Analytics Software 216

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GlobalTranz

OCTOBER 21, 2015

Here are the 9 key topics to understand in the relationsihp between the shipper and the 3PL. To be unified is to collaborate and trust the shipper/customer Third Party Logistics Service Provider (3PL) relationship. For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure.

KPI 120

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ShipBob

JULY 2, 2021

How to Choose a 3PL for Your Ecommerce Business. With inaccurate forecasting, it’s easy to lose out on sales due to inaccurate inventory data, which leads to understocking or overstocking issues that result in lost profits. . Traditional inventory forecasting relies primarily on historical data. Download the Guide.

Supply Chain Planning Software 98

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GlobalTranz

SEPTEMBER 23, 2021

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? transportation metrics ?that

Prescriptive Analytics Software 308

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Unleashed

OCTOBER 30, 2023

It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns. Inventory management An optimised inventory management strategy will facilitate better WooCommerce order fulfilment by making it easier to find stocked items inside your facilities.

Inventory Management Software 52

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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

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SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 90

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3PL Insights

DECEMBER 14, 2022

3PL best practices should establish ways for a company to measure its performance against competitors and itself. By establishing these best practices, a 3PL can provide better transportation and warehouse management, improve efficiency, and ensure customer satisfaction. What metrics are important to customers?

3PL 52

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Supply Chain Shaman

MARCH 5, 2019

Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. The focus is on functional metrics, but are unable to get to overall supply chain metrics. 2) Latency. 3) Granularity.

Supply Chain Design Software 286

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GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. Using New Technology for Maximizing Warehouse Space Is the Solution New technologies and warehouse automation are poised to enable warehouse managers to increase inventory without necessarily increasing space.

Supply Chain Design Software 121

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ShipBob

DECEMBER 23, 2021

Online shoppers expect a fast, effortless, and inexpensive experience with your brand, which requires a fulfillment center that picks , packs, and ships accurate orders at lightning speeds. As a member of senior management, this person works closely with the executive leadership team and 3PL partners. Strong problem-solving skills.

Supply Chain Planning Software 52

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Unleashed

MARCH 31, 2021

When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users. A lean business looking to build efficiencies would do well to try and improve this metric. What is logistics?

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ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

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ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

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BR Williams Supply Chain Management

MARCH 31, 2022

This helpful software and a team who can implement it for you can quickly scale your business without expensive investments or unrealistic standards, from transparent inventory control and management to customer service tracking and company productivity reports. Inventory Visibility. What is a warehouse management system?

Cost Reduction Strategies 98

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ShipBob

AUGUST 25, 2021

And if a business is paying too much in shipping costs, it can majorly reduce profit margins. The first-mile delivery stage has a direct impact on your shipping experience and improving the former will deliver substantial gains to the latter. First-mile delivery also relies strongly on location.

Supply Chain Design Software 52

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6 River Systems

OCTOBER 14, 2022

Without it, your inventory stays on the shelf, and your customers look elsewhere to get what they need. Inventory management techniques. This guide will primarily look at fulfillment through the e-commerce lens and deal mostly with third-party logistics (3PL) fulfillment methodologies. It involves: Inventory management.

Inventory Reduction 52

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ShipBob

MARCH 9, 2022

Order cycle time refers to the average time taken to ship out an order from the time it was placed, excluding the actual shipping time. Order cycle time is a useful metric for measuring the efficiency of your fulfillment process as it also affects other KPIs like on-time shipping rate and order lead time.

Optimal Sourcing 52

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3PL Insights

AUGUST 18, 2020

We have put together a list of some of the most important metrics to track. This metric is important because if you can find ways to improve this time than you can reduce costs for yourself and your customers. Inventory Turn Rate. The turn rate provides valuable insight on the inventory levels of a certain product.

Warehousing 52

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Supply Chain Shaman

FEBRUARY 23, 2015

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. As a country, I think that we need to rethink supply chain flows for chassis, drayage and the unloading of larger ships. It takes 2 to 3 days to unload a ship.

Long Beach 150

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Talking Logistics

JULY 6, 2017

A reporter recently asked me how, in my view, the shipping industry would make money in the coming years. In the past, growth came from scale: mega-ships, port infrastructure, and buffer. The shipping industry is highly complex and nuanced; improving predictions requires a platform custom built for the logistics industry. .

Predictive Analytics Software 101

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ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. Reduce inventory waste. What is a lean supply chain?

Agile and Lean Supply Chain 52

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6 River Systems

NOVEMBER 11, 2019

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. According to data from the U.S.

Warehousing 91

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3PL Insights

OCTOBER 24, 2017

The information received can be checked for accuracy with the company’s inventory software. This allows for inventory to be viewed in “real time.”. Real time inventory : Lost inventory can become extremely expensive. For every crate, the journey from shelf to shipping is adjusted and configured through an algorithm.

Warehousing 112

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Zipline Logistics

JANUARY 10, 2023

Andrew Lynch is President and Co-Founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods. I moved to Chicago to work for the world’s largest 3PL and quickly fell in love with the constant opportunity to solve problems. About Andrew Lynch.

Supply Chain Software 52

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ShipBob

SEPTEMBER 27, 2021

Ensuring products have optimal and accurate pricing information , reviewing the online catalog , and checking inventory ahead of promotions (e.g. Dollar discounts, percentages off, buy one, get one deals, and free shipping are great incentive options to entice new and returning customers to make a purchase (or deplete old inventory).

Inventory Reduction 59

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ShipBob

MAY 7, 2021

Setting up a warehouse is more than just stocking shelves with ecommerce inventory. Optimizing the space to minimize costs, manage inventory, and fulfill orders efficiently . Keeping inventory secure and performing warehouse audits as needed. Implementing technology to automate inventory tracking, fulfillment, and shipping.

Supply Chain Design Software 52

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Locus

DECEMBER 16, 2021

While the top apparel and accessory brands agree that product quality should get better with time, inventory priorities are always fluctuating. Only a modern and digital supply chain that is ever-evolving can manage the product quality, inventory volume, and fashion supplier relationships that the industry requires.

Supply Chain Planning Software 52

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