Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. On-Time Delivery: The frequency at which loads are being delivered on time.

Global 109

Global Scenario Planning Metrics Benchmarking 109

GlobalTranz

MARCH 24, 2015

Editor’s Note: This post is a slightly modified guest post from Ahern & Associates , a transportation management consultancy. Without understanding true costs and using benchmarks as just that – benchmarks – carriers and shippers will struggle to effectively analyze and reduce their costs. Specialized – $1.73

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Intelligent Audit

APRIL 20, 2021

Optimizing transportation spend management , especially within parcel shipping, comes down to effective contract negotiations. Without the cleanse and normalization step, it is difficult to have an “apples to apples” comparison when going into negotiations. Create a Benchmark.

Negotiating Skills 59

Negotiating Skills Price Reduction Cost Reduction Strategies Benchmarking 59

Intelligent Audit

MAY 9, 2022

With ongoing recovery firmly in progress across multiple industries, one of the most significant challenges facing freight forwarders, supply chain managers, and transportation service providers is the issue of payment and freight bill payment service management. Establish and Maintain a Thorough Strategy and Internal Plan.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions. This percentage does not vary much for those respondents at the 25th or even 75th percentiles.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

Supply Chain Network

MAY 5, 2015

Quantitative Success Criteria results are as follows: – Demonstrate reduction in Receiving time versus recorded benchmark data/manual checking process during pilot period comparing RFID Process to Manual checking process. – Backend systems connectivity/reporting comparisons YES. YES 50% & 85% reductions. 8% (99.2%).

Internet of things 60

Internet of things Supply Chain Software Supply Chain Planning Software Vendor Strategies 60

DAT Solutions

NOVEMBER 12, 2015

Yet the freight surges that many of us have been accustomed to seeing at this time have been noticeably absent. For multiple reasons, spot market freight volumes and rates have been trending down for most of 2015 -- van rates since March, and flatbed and reefer rates since June. PMI Sectors Produce More Freight Than NMI Counterparts.

Manufacturing Procurement 70

Manufacturing Procurement Portland Memphis Dallas 70

Intelligent Audit

SEPTEMBER 20, 2021

In the supply chain industry, the freight audit process can provide a competitive advantage for invoicing and cutting back costs. As reported by Supply & Demand Chain Executive , “As the shipping industry becomes more complex, so too does freight payment. What Is Freight Audit and Payment. Reactive Versus Proactive Auditing.

Analytics Software 52

Analytics Software Resource Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Logistics Bureau

JULY 12, 2017

Choosing freight carriers is not the easiest of tasks, so it’s understandable why companies often overlook the need for a freight review , even when such an undertaking is long overdue. Read and Heed the Signs that Freight Review is Due. But how do you know when it’s the right time to conduct a freight review?

Negotiating Skills 40

Negotiating Skills Freight Logistics Network Optimization Software Purchasing Skills 40

CH Robinson Transportfolio

APRIL 14, 2015

Even shippers who have more difficult freight requirements can improve acceptance rates and thrive during a tight flatbed market. Where do you stand in comparison to your planned budget, the previous year’s results, and the market at large? All freight is not created equal. Nor is every process. appeared first on Transportfolio.

Price Reduction 34

Price Reduction Optimal Sourcing Procurement Strategy 34

Intelligent Audit

NOVEMBER 5, 2021

According to Transport Dive , “Morgan Stanley said in an Oct. Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Business intelligence can have a tremendous impact on an array of transportation processes and services.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Intelligent Audit

OCTOBER 26, 2021

Unfortunately, SKU proliferation, the growing complexity of transportation service providers, the globalization of e-commerce, and increased delivery expectations make that goal more difficult to attain. Even challenges in a singular mode, such as ocean, can have a compounding effect on other modes, including OTR transportation.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52