SupplyPike

APRIL 17, 2020

Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. LTL freight carriers normally transport small shipments of freight from many companies.

Shipping 56

Shipping Vendor Strategies Expense Reduction Cargo 56

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

Logistics Viewpoints

APRIL 21, 2023

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.

Logistics Network Optimization Software 207

Logistics Network Optimization Software Logistics Kenya Supply Chain Planning Software 207

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Intelligent Audit

JANUARY 28, 2021

But first, it’s essential to understand its value and why it’s a critical tool in the shipping manager’s playbook. This sort of scorecard highlights areas of supplier performance and works to bring attention to potential problem areas within the shipping supply chain. What is a Logistics KPIs Scorecard.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59

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

The Logistics of Logistics

DECEMBER 19, 2020

Tech is the Game Changer for Truckload Shipping Communication with Mitch Violett. In his role as Principal Product Manager at Convoy, Mitch develops solutions that streamline the shipping process and improve communication. Convoy is the nation’s most efficient digital freight network. About Mitch Violett. About Convoy.

Shipping 130

Shipping Waste Reduction Negotiating Skills Montana 130

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 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 134

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

Freightos

FEBRUARY 4, 2020

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. Prices for everything and anything are subject to change and freight rates for containers are no different.

Optimal Sourcing 235

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 235

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

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. OTIF metrics are not universal.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Intelligent Audit

DECEMBER 22, 2020

Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used. Higher shipping rates, lost customer revenue, wasted working hours, higher costs and fees, wasted revenue, low customer satisfaction, and lost opportunities are just some of the things poor optimization can cause.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. With an effective data program, you can measure your past execution and use predictive analytics in the logistics industry to make the best decisions about your freight. What is Logistics Data?

Optimal Sourcing 52

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

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 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

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. Does the system support all modes of shipping within your operation? It can be leveraged at three basic levels: Strategizing.

Supply Chain Design Software 120

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

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

Intelligent Audit

JANUARY 17, 2023

For UPS , the end-of-year peak season shipping boom gave them a chance to strut their stuff, while for FedEx CEO Raj Subramaniam, 2022 held challenge after challenge. The results came from delivery consultancy ShipMatrix, whose annual review of the parcel delivery industry has become a benchmark for carrier performance. .

Logistics Network Optimization Software 52

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

Supply Chain Collaborator

OCTOBER 17, 2017

The third party logistics (3PL) model, while critical to smaller, low-volume shippers, has never been the best option for organizations shipping moderate-to-high volumes of freight. However the carrier management, rate management, rate benchmarking and a host of other performance metrics are absent from the 3PL-based tools.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Software Modeling Software Logistics Network Optimization Software 60

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. After early/late deliveries, improper ASN (advanced shipping notices) violations account for the second most chargebacks. 1, Audit, Audit, Audit: In order to avoid chargebacks, you first need to identify them by auditing your invoices.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. After early/late deliveries, improper ASN (advanced shipping notices) violations account for the second most chargebacks. 1, Audit, Audit, Audit: In order to avoid chargebacks, you first need to identify them by auditing your invoices.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Talking Logistics

JUNE 2, 2016

Made between a buyer and seller, a TSA sees that the ‘mother-ship’ provides support to the divested company over a defined period of time, with services such as accounting, IT, procurement and human resources, among others. The potential opportunity to convert a significant portion of operating costs from fixed to variable.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

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

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

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Reduce shipping times Fast and reliable shipping helps to increase sales and is essential to the efficient turnover of your inventory stock.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Intelligent Audit

AUGUST 26, 2021

This is where shipping execution meets data-driven management, and its roots grow from freight audit and payment best practices that rely on factual, clear, and actionable insights. The first thing to know in the digital age of freight audit and payment best practices is the importance of the digital twin.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

CH Robinson Transportfolio

MAY 1, 2018

How to Use Freight Attributes to Your Greatest Shipping Advantage”. You’ll need their data and collaboration to properly benchmark and demonstrate areas that are/are not working as accurately as possible. Over the past few months, I’ve posted about what you need for transportation success: 1.

Supply Chain Software 35

Supply Chain Software Analytics Software Logistics Network Optimization Software Supply Chain Strategy 35

Freight Plus

NOVEMBER 28, 2018

Come up with a set of internal metrics that will go towards eliminating problem areas. After early/late deliveries, improper ASN (advanced shipping notices) violations account for the second most chargebacks. . : In order to avoid chargebacks, you first need to identify them by auditing your invoices. Is your EDI up to snuff?

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Accenture ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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. Standardize Shipping Cost Audits for Apples-to-Apples Comparisons.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Intelligent Audit

NOVEMBER 10, 2021

With the 2021 peak season, RFP and modern supply chain management remains essential today in the shipping and transportation market. The high priority focus on RFPs and carrier network optimization will continue to impact services and shipping protocols well into 2022 and beyond. 9 Things to Consider When Entering Annual RFP Processes.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. Fifteen actionable steps that mitigate higher shipping rates’ impact.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). This metric doesn’t just account for the cost of buying inventory. These two metrics can be calculated using their respective formulae. puts it far behind the competition, as the GMROI benchmark in this industry for 2021 is $3.90.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52