The Most Important Distribution Center Metrics to Track and Understand

Cerasis

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?

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction.

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6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain.

Getting the Full Value Add from 3PL Services by Avoiding Commoditization or Transactionalism

Cerasis

If you are a logistics manager seeking options for a partnership with a 3PL services provider or looking to optimize the 3PL solution, then understanding the expansion of the holistic approach that some 3PLs offer will help you select an option that best suits your company.

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Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

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:

Consumer Demand Helping Drive 3PL Industry Growth

Talking Logistics

The need for this next-gen technology has contributed to the significant growth of the 3PL market in recent years. Yet, even as shippers have increased access to this technology, the 3PL market continues to grow. 3PL market has grown by roughly 7% annually since 2009 and is expected to reach $170 billion by the end of 2016. Then, and only then, can they determine what technology solution, or if outsourcing to a 3PL, is best for their business.

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

Cerasis

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 ). The definition of this metric is similar to the way it sounds. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.

How to Capture Full Divestiture Value with a 3PL

Talking Logistics

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. A 3PL provider offers customers with outsourced, or “third party,” logistics services for part or all of their supply chain management functions.

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The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling. During the sales phase a good 3PL does the following: listens to client needs, manages client expectations, customizes services, and builds relationships. A highly effective 3PL will use key process indicators (KPIs) to monitor logistics performance. When Evaluating a 3PL, Check for These 8 Must Have Cultural Traits.

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3PL Metrics: Do Retail Suppliers Measure Success the Wrong Way?

Consumer Goods Logistics

If you are a user of third-party logistics (3PL) services, you know that 3PLs tend to have a metric for just about everything – productivity, accuracy, timeliness, costs…. 3PL metrics are used as a barometer of performance and to inform continuous improvement programs.

5 Crucial Software Every 3PL Company Needs To Have

Abivin

Introduction Third-party logistics provider (3PL) is a company that provides outsourced logistics services to other organizations. In the past years, activities of logistics have increased and particularly outsourcing services to 3PL providers.

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5 Questions to Ask When Selecting a 3PL

4WL Consulting

Working with a managed transportation services provider (3PL) is an excellent way for shippers to improve their logistics operation and reduce costs. Qualified providers will establish and report on KPIs based on the service metrics most relevant to your company.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

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. All KPIS have metrics to measure. Communication should be daily by the customer/shipper project leader/point person of the shipper, and the project leader/point person of the 3PL.

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When Evaluating a 3PL, Check for These 8 Must Have Cultural Traits

The Logistics of Logistics

When evaluating a 3PL, the culture should definitely be considered. From my experience as both a supply chain consultant and a 3PL manager, the right type of culture means everything in the logistics business. When evaluating a 3PL, look at the following traits of the company culture: Communication. A good 3PL will facilitate good communication between all parties (clients, ultimate customer, suppliers, and other logistics companies). are all indicative of a good 3PL.

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

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. If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics.

Top 6 Reasons to Use a 3PL for Fulfillment

3PL Insights

When choosing a 3PL, it’s important to be picky. A good 3PL will not only increase quality and reduce mistakes, but will also create an opportunity to review and simplify your supply chain processes. Here’s a few reasons to use a 3PL when you’re learning how you can leverage your 3PL to improve your fulfillment strategy. Shipping and handling quality is improved when using a 3PL. The core competency of any standard 3PL warehouse is shipping and handling.

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3PL Sales: Speed Kills

The Logistics of Logistics

My friend, Steve Elwell is a sales guru and he says speed is the most overlooked sales metric. Most 3PL sales people are afraid to focus. The post 3PL Sales: Speed Kills appeared first on The Logistics of Logistics.

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Selecting a 3PL – 9 Things Every Shipper Should Know

The Logistics of Logistics

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. Understand the 3PL Business Models – Asset based, Non-asset based, Asset light. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. Metrics / Key Performance Indicators (KPI).

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3PL Fulfillment Prices! (Infographic)

Supply Chain Game Changer

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. The post 3PL Fulfillment Prices!

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Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Key Process Indicators vs. Metrics. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). Only the most important metrics can grow up to become KPIs.

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Selecting a 3PL – 9 Things Every Shipper Should Know

The Logistics of Logistics

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. Understand the 3PL Business Models – Asset based, Non-asset based, Asset light. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. Metrics / Key Performance Indicators (KPI).

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How to Select a 3PL with Joe Lynch and Adam Robinson

The Logistics of Logistics

. Understand the 3PL Business Models – Asset based, Non-asset based, Asset light. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. The most important measure is the Paydex metric. Choose a 3PL that specializes in LTL and truckload.

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3PL Best Practices

3PL Insights

by Brandon Hood – Customer Service Rep, Evans Distribution Systems Some 3PL best practices include successfully using business metrics and inventory management systems.

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Top 5 Telematics Sensor Providers For 3PL Companies

Abivin

This article will introduce top 5 telematics sensor providers for 3PL companies. There are many telematics providers that can help 3PLs enable real-time track & trace of different types of data like location, vehicle stop, door open/close, temperature, etc.

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3PL providers and shippers struggling to improve agility as infrastructure and workforce readiness hampers capabilities finds study

EFT

Shippers and 3PL providers are struggling to adjust to demands in the market place, with the top concerns bugging executives being infrastructure issues and the capabilities of their labour forces.

Service Level Agreement Defined

The Logistics of Logistics

Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. Logistics Management 3pl kpi examples key process indicators KPI kpi logistik KPIs kpis for freight logistics key process indicators logistics metrics examples LTL key process indicators service level agreement SLA SLA/KPI SLA/KPIs

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Are You Happy (logistically speaking)?

Consumer Goods Logistics

Happy is an under-rated metric. Supply Chain Challenges Logistics KPIs Logistics Leadership 3PL Outsourcing KANE Company CultureIn logistics, we measure just about everything. If it moves, we measure how fast. If it sits, we measure how long. If it costs money, we measure how much.

Outsourcing Logistics: Does It Make Sense for Everyone?

Cerasis

The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. However, organizations must be careful to ensure they do not overstep their bounds before, during and after selecting a 3PL. This helps you grow your business, and a 3PL can provide you access to resources that you may have never even considered as needing improvement, explains industry expert, Frank Castiglia. There Are Many Different Types of 3PL Services.

How Shippers And Logistics Providers Can Keep The Relationship Fresh

Talking Logistics

The shipper has an immediate need, which leads to a Request for Proposal (RFP) or Request for Quote (RFQ) process then ultimately selects a third-party logistics (3PL) supplier to execute on that need. What key metrics should they be driving for as an organization?

Utilizing Data to Benchmark Performance

Supply Chain Link

These benchmarking metrics can be used to compare performance factors against competitors, industry averages, and previous performance metrics. Supply Chain 3plThere is more data available today than ever before 1.

The Best LTL KPI for Measuring Cost

The Logistics of Logistics

The cost per pound metric can be used to compare individual shipments, carriers, and even weekly invoices. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The best LTL KPI for measuring cost performance is cost per pound. The less than truckload (LTL) cost per pound KPI is easy to calculate (see below).

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The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Regional Plant Networks can connect to Warehouse/Distribution Centers to better manage excess inventory and monitor status from Third Party Logistics (3PL) providers.

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LTL Carrier Scorecard with Key Process Indicators (KPIs)

The Logistics of Logistics

Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). A key process indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for improvement. This means that while all KPIs are metrics, not all metrics are KPIs. Only the most important metrics can grow up to become KPIs.

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Webinar: Using LTL Key Process Indicators (February 27, 2013)

The Logistics of Logistics

In this free webinar, participants will learn a methodology for using LTL key process indicators (KPIs). The LTL key process indicators are used to measure and then improve LTL carrier performance. Participants will learn specific actions for reducing costs, billing errors, and damaged shipments. The webinar will also cover ways to improve the number or on time shipments and improving customer service. Webinar topics will include: 1.)

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