Talking Logistics

JANUARY 31, 2017

In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach. The benchmark itself in this instance could be reflective of two different approaches.

Benchmarking 100

Benchmarking Negotiating Skills Cost Reduction Strategies Resource Reduction 100

The Logistics of Logistics

JULY 27, 2022

and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Transforming the $800 billion trucking industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. and Penske Logistics. About Mark McEntire .

Logistics Network Optimization Software 185

Logistics Network Optimization Software Supply Chain Network Software Analytics Software Modeling Software 185

GlobalTranz

JULY 28, 2021

Managed transportation is about streamlining and centralizing the whole process of both inbound and outbound logistics, ranging from warehousing through delivery. Orchestrated outsourcing is more common in logistics, where businesses require close coordination with a supplier who has a core competency in a particular discipline.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Logistics Bureau

APRIL 19, 2022

And get to know about ABC analysis and Pareto analysis. How to Select the Right KPIs for Supply Chain Benchmarking. KPI Key Performance Indicators in Supply Chain & Logistics. Related articles on this topic have appeared throughout our website, check them out: A Concise Guide to Inventory KPIs for Your Business.

Warehousing 77

Warehousing KPI Benchmarking Analysis 77

Logility

NOVEMBER 2, 2022

How would you know if the revenue potential of shifting locations outweighs any cost savings or increases – or better yet how are your logistics activities impacted? Instead, supply chain leaders must wait for their executive team to sign off on the suggestion after months of financial analysis – and lost potential for revenue growth.

Optimal Sourcing 130

Optimal Sourcing Network Design Software Network Optimization Network Design 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Regular review and report on service providers’ performance against these benchmarks.,

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Viewpoints

NOVEMBER 6, 2023

The Carbon Action portion of these scorecards benchmark a supplier’s ability to collect and disseminate emissions data. Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. A supplier’s Scope 1 emissions become part of a buyer’s Scope 3 emissions.

Resource Reduction 223

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 223

Logistics Bureau

FEBRUARY 13, 2018

He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. Steven, you were a customer of Benchmarking Success with three different companies, most recently as Supply Chain Director with Ingram Micro, the world’s largest IT distributor.

Benchmarking 40

Benchmarking Thailand Asia Indonesia 40

BlueYonder

FEBRUARY 29, 2024

My previous blog post focused on defining what a Warehouse Execution System (WES) is, as well as the benefits this solution delivers for retailers, manufacturers and logistics services providers (LSPs). A WES ingests real-time signals from across the warehouse, conducts data-driven analysis, and dynamically replans and reprioritizes tasks.

Logistics Network Optimization Software 95

Logistics Network Optimization Software Analytics Software Optimization Software Predictive Analytics Software 95

Logistics Viewpoints

SEPTEMBER 4, 2023

This made the data analysis easier. This made the data analysis “painful.” Simmons has corrected this problem; they are now using a TMS from Kingsgate Logistics for inbound freight. The solution can be used to benchmark whether Simmons is paying below, above, or at market for their moves on a particular lane.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

GlobalTranz

MAY 26, 2017

In response, more shippers have ditched their practices of working with carriers directly for third-party logistics provider (3PL) partnerships. However, the continued increasing demands of consumers are driving a shift away from process improvement to customer-focused logistics, and you need to understand how this will impact your operation.

Cost Reduction Strategies 166

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Negotiating Skills 166

GlobalTranz

MARCH 24, 2015

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. The use cases just keep expanding.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

Supply Chain Shaman

AUGUST 12, 2020

The topic of the meeting was the logistics to launch of the AMR Research Top 25. The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. Superficial Analysis in Technology Assessments. . The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

SupplyPike

JUNE 26, 2020

Manageability is defined as the process of expressing categories that can be controlled in an in-store environment, with such considerations as logistics of the product (such as refrigeration needs) and size of the category (such as dry goods versus just “rice”). Analytics of the Four Ps.

Retail 98

Retail Price Reduction Material Savings Inventory Reduction 98

AFFLINK

OCTOBER 27, 2016

Benchmark oil prices have been experiencing a downward trajectory in the last couple of years, thanks to the shale gas revolution in the United States as well as the OPEC-initiated strategy to maintain a certain production level in order to force out high-cost supplies. Environment.

Cost Reduction Strategies 48

Cost Reduction Strategies Price Reduction Inventory Reduction Vendor Strategies 48

Intelligent Audit

JANUARY 28, 2021

Today, a large part of transportation management and shipment optimization focuses on analysis. One of the best ways for managers and team members to keep track of things is with a well-rounded logistics KPIs scorecard. What is a Logistics KPIs Scorecard. Areas to Include on a Logistics KPIs Scorecard.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. What can possibly go wrong?

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

Logistics Viewpoints

SEPTEMBER 13, 2022

Understanding the data, metrics and benchmarks can help the organization collaborate with suppliers to set meaningful, actionable and quantifiable goals. The post Title: 5 Best Practices to Overcome Scope 3 Emission Reduction Challenges appeared first on Logistics Viewpoints. Next, the enterprise can set targets.

Cost Reduction Strategies 211

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 211

Logistics Viewpoints

FEBRUARY 9, 2021

The more users and the greater the usage, the richer the data set for benchmarking, analysis and, ultimately, insights to help organizations improve their KPIs. He founded FourKites in 2014 after recognizing pain points in the logistics industry and designing elegant and effective systems to address them. He lives in Chicago.

Supply Chain Network Software 194

Supply Chain Network Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 194

Silvon Software

JUNE 1, 2023

The KPIs here highlight procurement, production, logistics, and customer fulfillment. Download Silvon’s KPI Guide – Drive Better Business Performance Set targets and benchmarks: Set specific targets or benchmarks for each material flow KPI based on industry standards, historical data, or desired improvements.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Zipline Logistics

FEBRUARY 9, 2021

Logistics data has taken a front seat at forward-thinking CPG brands due to its ability to drive impactful and profitability-focused decisions in all facets of the supply chain. Its place in logistics decision making has become critical and can help your organization find the right route, carrier, and receiving location for retail orders.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

NOVEMBER 17, 2015

Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. External benchmarking pertains to the world outside of your enterprise. Continuous checks on compliance.

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. In procurement, cost analysis is not just about the price of your company’s purchases. Best Regards, Rob O’Byrne.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

The Logistics & Supply Chain Management Society

JULY 16, 2023

This results in incorrect actions and communication The service industry, like logistics service providers, distributors and retailers are not well prepared for halal issue and crisis management, endangering the effectiveness of halal risk mitigation measures by the brand owner.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Supply Chain Game Changer

OCTOBER 29, 2020

Use of Freight Rate Benchmarking. Freight rate benchmarking with real-time data can assist your freight sourcing team to benchmark the rates that you are getting against what is out in the market instantly. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Arkieva

APRIL 27, 2021

Using the SCOR idea of Benchmarking the financial parameters should be benchmarked against a peer group of companies to highlight areas of improvement. This is a different approach to begin the journey of financial improvement using supply chain improvement projects.

Case Study 101

Case Study Study Supply Chain Planning Supply Chain 101

Enterra Insights

OCTOBER 26, 2023

Striking the right balance for resilience investments is hard but it’s better to make some assumptions and take action than to get stuck in analysis paralysis.” This data is direct feedback that supply chain managers can leverage to assess what leadership tactics are effective and which fail to drive workforce benchmarks.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. Use weekly, monthly, and year-on-year data for your analysis. This approach will help to save you from paralysis by analysis. Bringing Suppliers on Board.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

20Cube Logistics

MAY 7, 2022

The final step involves the action based on the analysis done and knowledge gained by the previous levels of the improvement plan. Hence having a clear achievable goal and smaller benchmarks becomes crucial. The post Kaizen a vital tool for supply chain management appeared first on 20Cube Logistics.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Network Software 75

Stord

JANUARY 22, 2018

Whether you are a small business owner or a corporate logistics manager, it’s crucial to stay attuned to the most innovative ways to optimize your distribution network. If a cost-benefit analysis sounds expensive and time consuming, simplify the question. The depth of the dive requires another cost-benefit analysis.

Network Optimization Software 78

Network Optimization Software Network Optimization Supply Chain Optimization Distribution 78

Talking Logistics

FEBRUARY 10, 2016

“One of the first things that’s helpful in making the case is that you can’t say whether [a supply chain decision] is a good idea until you measure the size of the prize,” said Derrick Muilenburg, Manager of Optimization Services at LeanLogistics , in a recent episode of Talking Logistics.

Optimal Sourcing 100

Optimal Sourcing Modeling Supply Chain Optimization Optimization Modeling 100

GlobalTranz

DECEMBER 29, 2015

We've already listed the top 10 manufacturing articles, the top 10 supply chain articles, and yesterday, the top 10 logistics articles. Among the most discussed catalysts for the next approaching transportation capacity crunch, we have to look at collaboration between all the players in the myriad of logistics layers.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

TMC

MARCH 31, 2016

Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. External benchmarking pertains to the world outside of your enterprise. Continuous checks on compliance.

Supply Chain Software 69

Supply Chain Software Supply Chain Optimization Supply Chain Network Software Network Optimization Software 69

4WL Consulting

MAY 19, 2015

Conduct some analysis Once you have the information from the Operating Ratio Worksheets, you are then able to determine if your shipper is offering competitive rates. By completing a benchmark analysis, you know where your rates are relative to the current marketplace. Sometimes this shows sizable marketing opportunities.

Analysis 100

Analysis Freight Benchmarking Shipping 100

ThroughPut

DECEMBER 6, 2023

Predictive analytics encompasses advanced techniques to forecast future events based on historical data, including data mining, regression analysis, time series forecasting, and optimization algorithms. Let’s examine why pairing predictive analytics and supply chain is vital for the logistics industry.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Talking Logistics

JUNE 25, 2015

Supply chain platforms built on cloud networks nurture a community of shippers, logistics providers, carriers, and suppliers that brings entire supply chains closer together. Benchmarks. The post 3 Powerful Methods for Shippers to Wield Their Collective Power appeared first on Talking Logistics with Adrian Gonzalez.

Analytics Software 100

Analytics Software Supply Chain Network Software Predictive Analytics Software Logistics Network Optimization Software 100