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

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

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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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The Logistics of Logistics

FEBRUARY 16, 2024

Kate Klemmer Terry and Joe Lynch discuss the brand-centric 3PL, Outerspace. Kate is the Chief Commercial Officer at Outerspace , a 3PL made for brands, by brands. Data-Driven Insights: Their technology platform provides real-time visibility and analytics to empower brands with data-backed decisions.

3PL 163

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GlobalTranz

APRIL 5, 2016

Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Client Needs of 3PL Logistics Companies.

Logistics Network Optimization Software 120

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Supply Chain Matters

JUNE 23, 2023

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 34th Annual State of Logistics Report to organization members and the industry as a whole. Background As our readership is likely aware, this report provides a snapshot of the U.S.

Procurement Analytics 40

Procurement Analytics Report Negotiating Skills Purchasing Skills 40

GlobalTranz

MARCH 2, 2015

When it comes to efficient and cost-effective over the road transportation management , it is absolutely crucial that you be working with a trustworthy 3PL. Understanding the potential value of a 3PL early in the process is crucial to saving money and providing great service. What Is A 3PL?

3PL 120

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Logistics Viewpoints

OCTOBER 19, 2023

When the 3PL driver delivered it a few months later he noticed it was damaged and submitted a request for a replacement. Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says.

Supply Chain Planning Software 225

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GlobalTranz

JUNE 4, 2015

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: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Talking Logistics

DECEMBER 11, 2014

As the American computer scientist Alan Kay famously said, “The best way to predict the future is to invent it.” So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. 3PLs Need to Take Broader Perspective.

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Supply Chain Game Changer

NOVEMBER 28, 2019

Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The global 3PL market, valued at $728.6B While 3PL providers want to adapt to this new market opportunity, their existing logistics operations often have a hard time keeping pace with these growing demands. BILLION by 2025. Project 44.

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ShipBob

JANUARY 23, 2023

This year over 20% of purchases are expected to take place online , compared to 17.8% Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. Although they reported $75.5

3PL 98

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The Logistics of Logistics

AUGUST 29, 2019

At one point while working for a 3PL, I did a lot of work in retail. [04:37] I was involved with the procurement of equipment and materials. Instead of working with a 3PL, we hired everyone that we needed ourselves. [11:47] 11:47] Up until July of this year, Saudi Aramco was their own 3PL. The business model changed.

Saudi Arabia 113

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Talking Logistics

MAY 27, 2015

The company invested $125 million in R&D last year, a level it plans to sustain moving forward, and about 10 percent of that investment is going toward JDA Labs , which is focused on cloud, mobile, machine learning, predictive analytics, wearables, and other customer-guided projects. The value of IT is in how you use it.

3PL 100

3PL Conference Logistics Network Optimization Software Negotiating Skills 100

Vinculum

AUGUST 15, 2021

You can buy land and develop your warehouse, or purchase the right warehouse management for your business. Gain insights into warehouse management with 3PL in this blog. 5 advantages of Warehouse management with a 3PL. Benefits of working with a 3PL for warehouse management include: Logistical optimization.

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GlobalTranz

MAY 20, 2015

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 ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

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ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Cost per unit. Backorder rate.

Inventory Management Software 98

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Unleashed

OCTOBER 6, 2021

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

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GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen.

Supply Chain Planning Software 189

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GlobalTranz

AUGUST 1, 2018

Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supply chains. In turn, demand for 3PL services may increase, and even 3PL-based platforms, such as the Cerasis Rater, will grow in usefulness.

Supply Chain Planning Software 121

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GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions.

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Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. It ties up precious capital, leads to extra storage costs, and may result in the product becoming outdated before it can be sold.

Inventory Reduction 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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GlobalTranz

OCTOBER 13, 2017

Among millennials, consumers are willing to pay a premium up to 30-percent more for same-day delivery, reports McKinsey & Company , with an overwhelming majority willing to pay extra for guaranteed delivery, as shown below: Paired with the sudden spike in parcel delivery, last mile delivery will continue to grow 10-percent annually.

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Turvo

NOVEMBER 23, 2021

Consumers or business owners create a purchase order. Utilizing supply chain management tools or 3PL partnerships gives a first-mover advantage to large companies. A tailored 3PL solution that includes all the touchpoints mentioned here is probably the answer. Reduction of labor cost + raise in daily wages.

Supply Chain Software 86

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Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

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GlobalTranz

FEBRUARY 7, 2018

Companies Will Levy the Power of 3PL-Based Technologies. The increasing power of Amazon will also be a driving force in the push for supply chain managers to adopt transformative supply chain technologies and take advantage of 3PL resources, asserts Amy Wunderlin of Supply & Demand Chain Executive. Download white paper.

Supply Chain Design Software 170

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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

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GlobalTranz

JANUARY 22, 2019

Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Dropshipping refers to manufacturers sending products directly, but products are purchased through a third-party.

Logistics Network Optimization Software 182

Logistics Network Optimization Software Analytics Software Demand Planning Software Trends 182

6 River Systems

AUGUST 19, 2020

Leverage big bata, analytics and optimization Supply chains were driven by numbers and statistics for a long time. Quantifiable performance indicators were always considered key metrics by supply chain executives. Leveraging a 3PL is a viable strategy to increase the profitability of your retail business.

Supply Chain Planning Software 59

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BR Williams Supply Chain Management

DECEMBER 14, 2021

A family-owned trucking, third-party logistics (3PL ), and eCommerce fulfillment company , BR Williams was awarded this title through FreightWaves Ratings. It collects insights from industry experts so potential partners can make informed purchases. On the list, FreightWaves Ratings also reported that Google rated BR Williams 4.6

Alabama 98

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BlueYonder

JULY 25, 2017

Over the past 30 years, the 3PL industry has gone through tremendous transformation. The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies.

Third Party Logistics 42

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Talking Logistics

APRIL 25, 2019

As direct-to-consumer orders continue to increase, this trend in purchasing behavior is also driving the push for agility in MHE. As two-day shipping has quickly become the norm in e-commerce, data collection to increase awareness into costs and efficiency is critical. To keep up, many businesses have found success in partnerships.

Material Savings 101

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Supply Chain Shaman

DECEMBER 23, 2014

Don’t assume that there is a standard definition, and just because a 3PL signed a contract to deliver it, don’t expect that you are working on the same definition. The proliferation of the business models is exciting. I would build my own warehouses or very carefully pick a 3PL partner. 5) Design the Last Mile.

Packaging 289

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ShipBob

OCTOBER 16, 2023

Better forecasting Calculating reorder points goes hand in hand with having a clear idea of purchasing trends over a given time period. You should look into customer demand so you can understand when customers are more likely to purchase your products and you can forecast demand correctly. ShipBob’s analytics tool is also really cool.

Forecasting Software 98

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ShipBob

JULY 28, 2021

Want to know the secret to creating a memorable post-purchase experience? How to Choose a 3PL for Your Ecommerce Business. Post-purchase, if your delivery system lacks in visibility and reliability, it can lead to higher shipping costs and slower transit times. Advanced data and analytics. Download the Guide.

Optimal Sourcing 98

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BlueYonder

JULY 25, 2017

Over the past 30 years, the 3PL industry has gone through tremendous transformation. The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies.

Third Party Logistics 40

Third Party Logistics Modeling Modeling Software 3PL 40