Logistics Viewpoints

SEPTEMBER 4, 2023

Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.

Procurement Solutions 283

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 283

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

Logistics Bureau

NOVEMBER 14, 2023

There are numerous areas in the supply chain that can be benchmarked. But what is Supply Chain Benchmarking? What types of benchmarking practices do companies employ? Related articles on this topic have appeared throughout our website, check them out: Freight Benchmarking: What Is It? Why should you do it, and how?

Benchmarking 98

Benchmarking Supply Chain Supply and Demand Metrics 98

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark.

Logistics Network Optimization Software 305

Logistics Network Optimization Software Expense Reduction Supply Chain Planning Software Modeling Software 305

Talking Logistics

SEPTEMBER 12, 2017

A sense of complacency can lurk behind benchmarks. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time.

Metrics 157

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 157

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. It's the view from outside that allows 3PLs to orchestrate all aspects of freight management from within the network through transportation optimization.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Logistics Bureau

JANUARY 21, 2025

An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. This is why it’s important to map out your entire freight operation. What is Supply Chain Efficiency?

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

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

Procurement Analytics Metrics Distribution Inventory Reduction 120

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. You need to explore the metric relationships to see the full story.

Global 165

Global Scenario Planning Metrics Benchmarking 165

The Logistics of Logistics

SEPTEMBER 15, 2023

Jonathon is not only a strategist but also a dynamic facilitator, conducting nationwide workshops on employee engagement, customer loyalty, leadership development, and growth metrics. These workshops provide practical insights for organizational success. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.

Price Reduction 278

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 278

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Precoro

MAY 19, 2023

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.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Logistics Viewpoints

APRIL 21, 2023

But I believe that more efficient packaging is the area with the greatest potential to improve sustainability metrics within the warehouse. My typical response is that more efficient operations are typically more sustainable operations.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Logistics Kenya Supply Chain Planning Software 283

Logility

JANUARY 12, 2021

There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Benchmarking. An analytics platform for the supply chain also allows for benchmarking. Take freight rates, for example. Reporting and Score carding. Dashboarding.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 131

Talking Logistics

JULY 19, 2013

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. SAP Announces Second Quarter and First Half Results 2013.

Logistics Network Optimization Software 153

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 153

Logistics Bureau

JANUARY 30, 2025

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your ocean freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 40

Benchmarking Negotiating Skills Freight Rail Software 40

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

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 246

Sustainability Optimal Sourcing Logistics Material Savings 246

Talking Logistics

NOVEMBER 17, 2015

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 indicators of performance in terms of these goals?

Supply Chain Software 100

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

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

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

SCMDOJO

JUNE 25, 2024

Space utilization, or vehicle fill, is a critical metric that can be measured in various ways: Pallet numbers and height: While common, this method can be misleading depending on cargo density. Road Freight Transport and the Environment. Supply Chain Benchmarking 2003. Decarbonising Road Freight: The Challenges.

Transportation 105

Transportation Cost Reduction Strategies Warehousing Netherlands 105

Talking Logistics

AUGUST 21, 2018

From changing regulatory requirements and increasing freight congestion to excessive detention time and driver shortages , shippers and logistics service providers (LSPs) are struggling to balance the multiple issues impacting fleet management today. Key Trends Driving Change.

Cost Reduction Strategies 133

Cost Reduction Strategies Resource Reduction Logistics Network Optimization Software Supply Chain Planning Software 133

GlobalTranz

OCTOBER 16, 2015

BONUS : Download the Guide To LTL Freight Mangement White Paper. P re-bid supply chain and customer analysis helps LTL shippers define strategic bid objectives, such as reducing costs or number of carriers, delivering goods to market more quickly, and addressing freight challenges within certain geographic areas.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Talking Logistics

JUNE 28, 2017

This is where metrics can get a little fuzzy. Historically, this was a fairly accurate number, and the customer was using this benchmark of 4% to estimate demurrage cost annually. However, the reality was that the 4% metric was misleading. How do you account for Free Time across your global supply chain?

Supply Chain Design Software 144

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 144

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

ToolsGroup

APRIL 1, 2022

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Deloitte ). Wall Street Journal ). Automotive News Europe ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Zipline Logistics

JANUARY 17, 2023

Finding Freight Consolidation Opportunities . Freight consolidation offers a multitude of benefits to CPG brands. Besides reducing fuel costs and emissions, consolidation also helps brands hit key retailer benchmarks like OTIF and MABDs, improving customer relationships. . That reduction is the equivalent of removing around 3.2

Resource Reduction 98

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 98

Zipline Logistics

DECEMBER 24, 2024

Failing to meet Costco transportation benchmarks can mean rejected loads, delayed deliveries, out-of-stock issues, and ultimately lead to hefty profit losses. So, what can you do to ensure that your deliveries meet requirements and make it to the shelf? Starting in 2020, 98% was the OTIF requirement.

Retail 52

Retail Vendor Strategies Cost Reduction Strategies Price Reduction 52

GlobalTranz

APRIL 8, 2015

To be clear, at Cerasis, our TMS, the Cerasis Rater , is not a pure SaaS TMS offering, only due to the fact that we also offer services that happen outside of the TMS such as carrier relations & rate negotiations, freight accounting services, freight claims, and other services. We call this SaaS TMS model Hybrid SaaS TMS.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

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. That includes historical performance plus industry benchmarks. When I first got into the business it was, “How well can you negotiate freight rates?”

Transportation Management 100

Transportation Management Price Reduction Transportation Cost Reduction Strategies 100

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. However, they have experienced significant difficulties in getting goods from one place to another and endured vastly inflated freight and transportation costs. Of course, the criticality of such elements is the same now as it always was.

Optimal Sourcing 85

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 85

GlobalTranz

OCTOBER 21, 2015

All KPIS have metrics to measure. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. Outputs and measures are put into a Service Level Agreement ( SLA ) with mutually agreed upon win-win, effective Key Performance Indicators (KPIs). 3PL/SLA Skills/Knowledge.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

APRIL 13, 2015

Well designed TMS systems contribute in all these stages and helps to take a business global through effective management of freight flows and increased efficiency throughout the distribution network. If your biggest pain point in transportation management is in LTL freight shipping, our TMS system is perfect. Evaluating TMS Systems.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 120

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Promoting Supply Chain Value.

Negotiating Skills 95

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 95

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. Transportation invoice audit providers can improve payment processes.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52