Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logility

MARCH 12, 2021

The spreadsheet reports took a month to produce and used all the capacity of two IT staff members. To really exploit your new data to gain an advantage, you need a clear analytical plan, specific metrics tailored to your situation, and an understanding of what analytics and reporting will help you the best. Teams were disappointed.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Parade

MARCH 18, 2021

Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

TMC

MARCH 31, 2016

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 indictors of performance in terms of these goals?

Supply Chain Software 69

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

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. Though service levels were already very good versus external benchmarks, the number of stockouts dropped a further 75% from 2016 levels. The results?

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Locus

SEPTEMBER 19, 2023

One key factor for this is consumer expectations continue to reach higher benchmarks. In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

Talking Logistics

AUGUST 21, 2018

Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Key Trends Driving Change.

Cost Reduction Strategies 101

Cost Reduction Strategies Resource Reduction Logistics Network Optimization Software Supply Chain Planning Software 101

DAT Solutions

JULY 10, 2018

Monthly revenue rose 78% for freight brokers in May on a 41% increase in load volume, to set new records for those two metrics. High demand and tight capacity continue push truckload rates higher, so margin compression could be an ongoing factor in the coming months. Gross margins averaged 12.7% in May, down from 13.6% in May 2017.

Benchmarking 70

Benchmarking Freight Metrics Report 70

Supply Chain Collaborator

JUNE 22, 2017

The large carrier had found a way to charge more than the contracted rate in this lane by declining the tender even though they had the capacity to move the load. Tendering Metrics. Benchmarking. Just some of the reports included in the reporting suite of an award-worthy TMS include: Spot Quote Participation. EDI Errors.

Negotiating Skills 78

Negotiating Skills Report Shipping Supply Chain Software 78

Supply Chain Shaman

JANUARY 19, 2015

The ports of Long Beach and LA, representing 40% of port capacity in the United States, are gridlocked. When the mediators’ chairs cool following a labor settlement, the Port of Long Beach will still struggle with the instantaneous capacity and unloading of megaships. The port is landlocked. Here at home, things are busy.

Long Beach 150

Long Beach Supply Chain Planning Software Supply Chain Design Software Buyer Training 150

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. Here are some highlights from his talk. Big Data’s big impact.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

TMC

SEPTEMBER 27, 2018

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Intelligent Audit

JANUARY 17, 2023

The results came from delivery consultancy ShipMatrix, whose annual review of the parcel delivery industry has become a benchmark for carrier performance. . As rates continue to fall, industry metrics are beginning to reflect a new reality for the transportation market. for December, marking the metric’s fastest decline ever recorded.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Cost Reduction Strategies Vendor Strategies Supply Chain Planning Software 52

AFFLINK

MARCH 15, 2016

Which metrics will you use to determine success? Determining capacity needs and production schedules. Establishing goals/standards for the metrics by which you’ll measure success. Benchmarks and metrics move all the time, and, when they do, new best practices set the groundwork for how to get there.

Supply Chain Planning Software 67

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 67

TMC

SEPTEMBER 27, 2018

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

Talking Logistics

JULY 2, 2014

Mobilecast On Track , “a low cost, durable, phone-based solution designed specifically to help track your mobile resources and provide metrics for management.”. By implementing NetScheduler, FreshDirect was able to take a “dynamic capacity” approach, where: Service time is determined by order and/or location characteristics.

Conference 146

Conference Optimization Software Supply Chain Design Software Analytics Software 146

Talking Logistics

JANUARY 28, 2015

I also spoke with him about leveraging the right metrics and carrier scorecards to manage performance and using technology to enable smart and efficient processes. If you look at transportation strategies in the past, it’s about which carriers are we using, how do we get the best rate, and do we have enough capacity?

Transportation Management 100

Transportation Management Price Reduction Cost Reduction Strategies Transportation 100

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.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

AFFLINK

MARCH 15, 2016

Which metrics will you use to determine success? Determining capacity needs and production schedules. Establishing goals/standards for the metrics by which you’ll measure success. Benchmarks and metrics move all the time, and, when they do, new best practices set the groundwork for how to get there.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 48

Supply Chain Shaman

AUGUST 14, 2016

The design of buffer strategies–capacity, inventory, and supplier relationships–to absorb demand and supply variability. Customer-Centric Benchmarking. Interested in benchmarking your supply chain on customer-centric strategies? Buffer Design. Network Design to Reduce the Bullwhip Effect. I hope that this helps!

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

ThroughPut

DECEMBER 6, 2023

Not so surprisingly, the 2021 MHI Annual Industry Report found that 31% of the respondents were already using predictive analytics in some capacity, and 48% were planning to invest in it in the next 5 years. Capacity Planning Capacity planning is a critical aspect of supply chain management.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Intelligent Audit

DECEMBER 22, 2020

That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. Better customer service and feedback cycles derive insights from the full shipment lifecycle track and aggregate a better supply chain strategy through metrics-driven management.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Arkieva

APRIL 7, 2016

If we assume a fixed inventory, a higher service could come from ‘excess’ or so-called ‘sprint’ capacity, that allows to react quickly to unpredicted demand. Using Orbit Charts to Benchmark EBIT versus Inventory Turns. In her excellent book ‘Supply Chain Metrics that Matter’ (Cecere, L.M., If we did it, we can do it again.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Supply Chain Game Changer

NOVEMBER 26, 2018

On top of that we had a lot of excess capacity. Capacity can me measured in many ways. Capacity – Space, Time, Equipment. Benchmark metrics (eg. profitability, cost/square foot, capacity utilization). But for us no facility was operating more than 2 shifts, 5 or 6 days a week. Customer requirements.

Network Optimization 43

Network Optimization Network Optimization Software Price Mitigation Strategies Supply Chain Optimization 43

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

GlobalTranz

APRIL 13, 2015

EDI enabled standard format of information exchange builds a benchmark for superiority. Further, when you have more shipments and a larger transportation spend, it is vital to continue the level of carrier intimacy as if you were a smaller shipper to combat tighter and tighter capacity issues. Integrated EDI.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

JULY 6, 2020

We had a choice to either install newer high-capacity machines for the Jell-O lines (CM Bartelts) running at over 1500 packages/minute or slower, more flexible equipment (IM Bartelts) at a rate of 650 pouches/minute. The first step in the development of a strategy is benchmarking. The second step is to align metrics to the strategy.

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 287

HICX Solutions

MARCH 31, 2022

For example, one metric would be to count the clicks – how many clicks does a supplier need to make to do business with you?” This is an important aspect of being a customer-of-choice, so, as Carmen points out, there is an important business case behind this metric to bear in mind as well.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

OptiProERP

AUGUST 17, 2022

The difference between KPIs and metrics. They are the most critical metrics used by manufacturers to improve customer satisfaction, productivity, and lower costs. What is the difference between KPIs and metrics? KPIs are also metrics, but not all metrics are key performance indicators. What determines a good KPI.

Manufacturing 52

Manufacturing KPI Expense Reduction Cost Reduction Strategies 52