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billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
While we live in an age where same-day delivery and free shipping have become customer expectations, we also live in an age where dimensional weighting and quarterly accessorial increases have become a reality from the carrier. Although very informative in their own right, retrospective analytics cannot undo the past.
Innovations in biodegradable and reusable materials, coupled with lightweight designs that reduce shipping weight, are helping companies minimize waste and lower emissions. Incorporating green building standards, such as LEED certification, ensures that new facilities are designed with sustainability in mind from the outset.
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Standard sizes and categorizations play a crucial role in determining the costs associated with shipping products that meet standard criteria in fulfillment centers.
With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Containers wait at each ship node for the chassis. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Invest in analytics to sense and translate demand. Change internal metrics to a balanced scorecard and force the functions to work better together.
Containers wait at each ship node for the chassis. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Invest in analytics to sense and translate demand. Change internal metrics to a balanced scorecard and force the functions to work better together.
Resist the temptation to place deeper analytics on top of existing data models. Out of desperation, they turned to the use of descriptive analytics. More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings.
Three months into 2025, we have seen a barrage of on-again, off-again tariffs that have supply chain and logistics teams reeling, as they must rethink everything from next weeks shipping route to their foundational network models. The Ukraine-Russia conflict is ongoing. With the global e-commerce market predicted to reach $8.1 billion.
By embedding analytics across logistics, sourcing, and fulfillment, businesses gain the visibility and foresight needed to stay competitive.Analytics-driven leadership is no longer a luxury; it’s the foundation of operational survival in todays volatile business environment. Analytics allows organizations to move beyond intuition.
The focus with Inventory optimization is often on analytics, but that’s just the beginning. And if you’re still using dated technologies that don’t support robust and adaptive collaboration, you may even need to make critical decisions without the context of knowing their impact on corporate-wide metrics and objectives.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Analytics provides visibility into your transportation network and operations. a shipment?doesn’t
We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency. This could involve route optimization, load consolidation, or choosing the most cost-effective shipping methods based on urgency and distance.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The ride is uphill, but the visibility is low. What is normalcy? However, variability and global unrest is rising.
The problem is that the manufacturing lines are 125% utilized, and there is an ongoing struggle to produce tonnage, much less ship the right product from the production lines to customers based on orders. Use data and new metrics systems to free the organization from the ball and chain of corporate politics.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%. The myth of the “perfect plan”.
Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . Descriptive analytics focuses on utilizing historical data to understand events that transpired and what happened within the network over a set period.
According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. You can start small with a few trading partners and expand over time.
Your business is booming, orders are flying in, and you’re drowning in a sea of shipping labels and tracking numbers. Enter shipment management software—a lifesaver for businesses looking to streamline their shipping processes and maintain their sanity. Cost Savings : Find the best shipping rates and avoid costly mistakes.
Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.
Price of Ocean Shipping Business Continuity. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In A focus on functional metrics degrades balance sheet performance.
Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability? What About Supply Chain Entities That Have Time-Sensitive Products?
What most companies want is a system with prescriptive analytics to tell them when a shipment is expected to be late and what action to take. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. For example, will the truck be late to arrive against a pre-established appointment.
Accelerating value capture by leveraging digitisation, supplier management software, and spend analytics. Those in the financial services and agricultural industries are set to transform functions through accelerating digital technologies and spend-analytics to deliver new opportunities. Undamaged shipment rate.
Accurate analytics can be the roadmap to your business’s success. That’s why ecommerce analytics are vital if you want your DTC brand to grow. In this post, we’ll help you identify the key metrics you need to track in ecommerce analytics and the best tools that will help you gain a competitive edge.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long The end result of the loss of propulsion was the ship crashing into the bridge. mile-long span. An estimated 11.5
To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.
Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.
Which supply chain metrics correlate to market capitalization by Morningstar sector? Amazon can now deliver almost every category of item to your home with no shipping cost for Amazon Prime customers. Embrace new technologies: Internet of Things, new forms of analytics, mobility, etc. Results of the Supply Chain Index.
Data-Driven Decision Making : Using analytics to continuously refine operations. Customer Satisfaction: Faster order fulfillment, fewer shipping errors, and improved order accuracy lead to happier customers. Data analytics provide the intelligence to make informed decisions, optimize inventory levels, and anticipate future demand.
I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. This includes the decision to build, the digital definition of the product, the decision of when and where to ship, and the decisions of which materials to put into which products. We hope to see you there!
A Few Important KPIs for Tracking S&OP Performance As a long-time provider of business intelligence applications for manufacturing and distribution businesses, Silvon has played a key role in helping our clients define and implement performance metrics that align their S&OP initiatives with their corporate goals. logistics firms).
Snowflake is a cloud computing–based data cloud company that offers a cloud-based data storage and analytics service, generally termed “data-as-a-service.” In some cases, a customer can cancel or change the shipping location after the item has been picked and packed. The end result is driving better decisions for the retail customer.
If the customer uses online and in-store shopping to make a purchase, shipping and pickup options should include A, B and C. If only online shopping is used, shipping options may include B or D. Therefore, companies should leverage data gathered through the previous steps through analytics systems and integration between systems.
In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.
Although CMA CGM is best known for being a large container shipping company, it is also the parent of CEVA Logistics. The Wall Street Journal (WSJ) published an article on the increasing use of machinery to create made-to-fit boxes for more efficient fulfillment shipping.
In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Each faces four years of deterioration on this important supply chain metric. New forms of analytics allow you to do this. Why it Matters.
Network planning solutions include supply chain design, integrated business planning, and end-to-end supply chain analytics. A planner could ask the SCP engine to achieve 95% service, with CO2 emissions under a million metric tons at a given factory in the coming month. However, not just service levels and costs can be traded off.
This is especially prevalent in organizations that have experienced growth through mergers and acquisitions and now need to reconcile multiple ERP, WMS, shipping, and transportation systems. According to Gartner , these issues can lead to missed manufacturing deadlines and wasted capital. How do they achieve this?
A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Simmons uses dedicated contract carriers, a private fleet, and brokers for their shipping. The moves span inbound, intracompany, and outbound shipping. That factory also aims to rapidly process the raw materials into product.
Consumers have gotten used to ordering more than what they are planning to keep for trying on different sizes of clothing or shoes or for trying a new brand and shipping the returns for free. And future supply chains will rely on effective data collection, advanced analytics, automation, and control towers augmented with AI/ML technology.
How do we harness the power of data with new forms of analytics? Pirate ships would lower their flag when puff roared out his name oh. Today, technology providers are selling analytics. We don’t understand why the investments of ERP and advanced analytics are not yielding better results…. S&OP Challenges. Reflection.
Advances in automation, data analytics, and cloud based management systems are reshaping how warehouses operate. Start by mapping the flow of materials from the moment they arrive at the receiving dock until they depart the shipping area. Tie organization metrics like error rates and accuracy into performance reviews.
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