TMS SuperUser Secrets – Benchmarking Using TMS Data

Supply Chain Collaborator

Benchmarking TMS data improves and enhances service levels by providing comparisons of customer service-related activities. . _. Using “reason codes” and analyzing reason code data can help a shipping organization understand why your freight may be less than attractive to your carriers.

End-to-End Logistics Capabilities: Best-in-Class Performance Benchmark

Oracle SCM

With customers now demanding product availability at multiple channels, they want the flexibility to find items online, buy or pick up at the store, or have their orders shipped to a preferred address. Joan Lim , Sr Product Marketing Manager. With the pressures of customer driven demand affecting businesses today, having strong logistics end-to-end capabilities contribute to a seamless end-to-end supply chain execution, leading to better orchestration and optimization.

4 Ways to Optimize Your Shipping Network Strategy

Cerasis

One such area that offers the greatest opportunity is shipping network optimization. The question is, how can a company optimize its shipping network? Optimal shipping networks are not “one size fits all.” ” Depending on industry, an optimal shipping network might include the ability to reach all states in two days, while for other industries they might be a pure margins game.

Avoid These Parcel Shipping Mistakes to Reap Big Benefits

BluJay Solutions

What if I told you I could help your company save thousands of dollars in parcel shipping costs? In a single carrier environment, you limit your ability to find the best shipping option. Having a multi-carrier shipping solution solves this first mistake.

Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

Cerasis

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.

Shipping Technology: Non-Tech Savvy Shippers Lose Advantage Over Time?

Cerasis

What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions. In modern shipping, there are numerous off-the-shelf tech solutions and platforms that can enhance a company’s productivity.

Bring Your Logistics Operation Out of the Dark with Benchmarking

4WL Consulting

This is the value of benchmarking. Setting logistics benchmarks requires a shipper to look inward but also outwardly as well. This means some important benchmarks are things best measured against yourself. Effective benchmarking is not just about rates either.

Packaging Supplies Checklist: 8 Shipping Savings Tips

AFFLINK

For example, many companies ship beverages from one location to another. Shipping costs occur in relation to dimension. For FedEx, the dimensional weight divisor applies to all packages shipped within the United States.

U.S./Mexico Shipping Series Part 3: Transportation Success is More than a Low Rate per Mile

Transportfolio

Mexico Shipping Series Part 3: Transportation Success is More than a Low Rate per Mile.Transportfolio by C.H. Let’s take a look at three companies that have moved beyond some of the basic best practices like rate benchmarking and constrain based bids.

How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage

Talking Logistics

The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. Understand the full range of shipping alternatives your carriers can offer. The post How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage appeared first on Talking Logistics with Adrian Gonzalez. Business has been improving for the U.S. trucking industry. The economy is continuing to regain momentum.

3 Powerful Methods for Shippers to Wield Their Collective Power

Talking Logistics

Shipping and transportation are typically seen as problems businesses face on their own. But in the last few years technology has enabled communities of shippers to act collectively in ways that benefit not only the entire shipping community, but individual businesses too. Benchmarks. Internal benchmarks are necessary for monitoring performance, but they don’t offer a complete picture of how a company is doing in the larger external world.

Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS

Supply Chain Collaborator

Benchmarking. The benefits a shipper can derive from the ability to run and analyze these reports include cost effective utilization of spot market, increase lead time, competitive benchmarked rates, improved on time performance, greater in-transit shipment status visibility, improved scheduling accuracy and so much more. The post Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS appeared first on UltraShipTMS.

Control the Cost of Free Shipping with Enterprise Parcel Shipping Analytics

Cerasis

It’s Time To Take A Closer Look At Your Parcel Shipping Costs eCommerce is driving the demand for smaller, more frequent last-mile deliveries. At the same time, consumer expectations for free shipping and more delivery options are increasing, largely reinforced by Amazon. Increasingly, they are turning to enterprise parcel shipping software with parcel shipping analytics. 5 Parcel Shipping Trends to Optimize Shipping & Reduce Costs.

Will sub-zero temps stall trucking operations?

DAT Solutions

Most LTL operations won’t pick up freezables, and shippers may be forced to ship products on temperature-controlled trailers that can provide heat. Any and all of these factors have the potential to shift winter shipping patterns. Best Practices and Benchmarks

How the best shippers manage capacity challenges

DAT Solutions

In the past a lot of the delays were because we had to take product off the truck and sort and segregate it before we marked it shipped in full. Best Practices and BenchmarksWhat can shippers do to make their freight attractive to carriers?

How the best shippers manage capacity challenges

DAT Solutions

In the past a lot of the delays were because we had to take product off the truck and sort and segregate it before we marked it shipped in full. Best Practices and BenchmarksWhat can shippers do to make their freight attractive to carriers?

How to Stop Free Shipping Becoming a Logistical Nightmare

Oracle SCM

In fact, research recently conducted by the National Retail Federation found 93 percent of online shoppers in the US intend to use a free shipping offer when shopping for Christmas gifts this year. Let’s face it: Christmas shopping can be dreadful.

New Survey from JDA and KPMG Highlights Top Drivers and Inhibitors of Supply Chain Investment

Supply Chain Nation

During the Executive Exchange, JDA and KPMG released an exclusive preview of the findings from the new survey, Digital Supply Chain in Retail & Manufacturing: A State of the Industry Benchmark , conducted by Incisiv.

Logistics Past, Present, and Future

Supply Chain @ MIT

New benchmarks for excellence. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. We have a shipping community that is dialed into using technology and trying to make sure that they bid everything electronically.”

How Green Shipping Can Enhance Your Business’s Sustainability Quotient

Freightera

This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. Why We Need Sustainable Shipping? Lastly, sustainable shipping practices also offer financial relief.

SCMR Interview with Drewry- Continued Turbulent Waters for Ocean Container Interests

Supply Chain Matters

We call attention to this interview because portions point to what can be expected in ocean shipping this year. For readers unfamiliar with Drewry, the firm is globally recognized in sea freight market intelligence and benchmarking and a specialist advisor in international sea freight procurement.

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Overall Costs of Less Than Truckload Freight Shipping. For an organization to justify the cost of using Less than truckload freight shipping, the topic of return on investment usually crops up.

Blockchain SCM Transformation Explained in Layman’s Terms

Shipchain

While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). Blockchain’s reputation as an incorruptible, distributable resource for all parties in the supply chain makes it the ultimate divinity in the shipping industry. Blockchain Industry Shipping Supply ChainPeople cannot improve on what they do not understand or know.

SCM 51

Consulting Logistics: Contract vs Spot Rates & More Listener Mail

Aborn and Co.

In this episode we dive into contract rates vs spot rates, 3PLs vs 4PLs, 5 reasons why you should benchmark your carriers, and some advantages of shipping LTL This week on Consulting Logistics we're answering our listener’s burning questions about the world of supply chain, logistics, and freight forwarding.

Do You Know When it’s Time for a Freight Review?

Logistics Bureau

Inevitably though, a company’s shipping needs change over time and a carrier that once was able to serve those needs adequately, may no longer be able to do so. Significant change in shipping volume or mix (could be growth or decline in sales of certain products).

Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

According to Michael Khalil of Inbound Logistics, primary transportation management challenges in e-commerce include: Increased complexity of shipping strategy. Faster shipping. Benchmark existing freight spend and use of transportation modes.

Things Have Changed: What Do We Do NOW?

Supply Chain Shaman

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

A single bad review from a disgruntled driver or carrier, even if it arose from an isolated incident, can damage that shipping or receiving location’s “brand” and make it difficult to get loads covered or delivered.

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain.

Collections and Markdowns and BOGOs – oh my!

Logility

This significantly impacts cost per unit shipped and minimizes the amount of people that “touch” the supply chain (and add cost). BRP: 2017 Merchandise Planning Survey Benchmark Research.

Industry-Changing Views From the Cloud

Supply Chain @ MIT

Let’s bring it down to earth with a specific example – ocean shipping. As suggested in my recent post What Price Ocean Shipping? But these views of the supply chain are parochial; taking ocean shipping to a new level of performance requires cross-industry benchmarking using data from a large number of stakeholders. New performance horizons. Will the cloud enable industry-level supply chain collaboration?

"Recreating the environment in which historical demand occurred"

ToolsGroup

According to Gartner’s benchmarking service, average forecast error for most companies is in the low 70s (MAPE, Unit-Location level, 30 day lag) and even “good” forecasting rarely gets beyond the high 70s (using the same criteria).

A Short Guide to Better LTL Pricing

4WL Consulting

In today’s marketplace, it’s wise to keep your costs as low as possible, but when it comes to shipping, you might feel you are at the mercy of your carriers. For many companies, shipping costs have risen even though providers are promising the lowest possible price.

How to Procure Full Truckloads in Tight Capacity

Cerasis

The use of full truckload shipping is rising in popularity, resulting from its lower cost as compared to less-than-truckload (LTL) shipping. These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity.

Modeling brewing capacity to drive cost savings at HEINEKEN

AIMMS

In 1966, HEINEKEN became one of the first Dutch companies to adopt container shipping. Decades later, they would debut a climate-efficient shipping route between their brewery and the port of Rotterdam. Heineken is one of the world’s best-known beers.