The Logistics of Logistics

DECEMBER 5, 2022

Most shippers recognize that FreightTech is one of the best ways to streamline their shipping function and potentially save money – however, the dilemma arises because FreightTech has traditionally come with some challenges. Emerge launches Benchmarking. Smart Freight Sourcing with Andy Semisch. Awarded Podcast.

Supply Chain Network Software 210

Supply Chain Network Software Logistics Network Optimization Software Sourcing Strategies Modeling Software 210

Logistics Viewpoints

JUNE 30, 2021

Because of the pandemic, risk management surrounding sourcing has become top of mind in supply chain organizations. APQC has conducted benchmarking and best practices research on supplier risk management. APQC is a nonprofit organization focused on benchmarking, best practices, performance improvement, and knowledge management.

Risk Management 226

Risk Management Scenario Planning Supply Chain Planning Software Supply Chain Disruption 226

Supply Chain Shaman

NOVEMBER 10, 2013

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. The other is Chainalytics demand benchmarking.

Supply and Demand 228

Supply and Demand Forecasting Forecasting Software Modeling Software 228

Zipline Logistics

DECEMBER 2, 2019

What Does that Mean for Your Retail Shipping Efforts? There are many moving parts in retail shipping. What Does the Demand for Perfection in Retail Shipping Equate to? See what’s at stake when trying to ship perfect retail orders and how to avoid the potential for expensive problems. Complete Guide to Costco Shipping.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 52

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. 60% to 70% is considered a good benchmark of inventory levels. Logistics / Shipping Metrics That.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Matters

AUGUST 11, 2022

In our Part Two look back commentary , we observed efforts and activities by businesses directed at restoring more direct control of supply network materials sourcing. Mid-Year Global Transportation Assessment. This index closed the year 2021 at a value of $9,304 per TEU , reflecting a 113 percent year-over-year increase from that of 2020.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

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. Maintenance repair was the next most expensive line item expense.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Freightos

DECEMBER 4, 2015

COP21, the Paris Climate change conference taking place this week got us thinking what the carbon cost was for shipping the TV. A quick check showed that shipping the TV from Taiwan to Nashville (ocean & trucking) led to about 6.7 Click the button on the right to see our sources. kg of carbon emissions.

Freight 120

Freight Cost Reduction Strategies Optimal Sourcing Nashville 120

GlobalTranz

AUGUST 14, 2018

Even the most robust plans for continuous improvement in the supply chain will fail without data-driven insights, so blockchain and supply chain analytics can team up to ensure accuracy in reporting, as well as ongoing benchmarking. Think about it. In turn, payment processing grows faster, and productivity increases.

Analytics Software 121

Analytics Software Supply Chain Software Supply Chain Planning Software Analytics 121

Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. million barrels of oil a day go through the canal, according to shipping journal Lloyd’s. This issue has affected shipping goods from Asia to Europe and the Middle East. Optimize sourcing decisions.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

GlobalTranz

DECEMBER 29, 2015

However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark. Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis. However, its usage is yet to reach a point where shipping professionals consider it indispensable for their business.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. On-time shipping For a delivery to be made on time, it needs to go out on time. On-time shipping is a metric that evaluates how many orders are shipped on or before the scheduled departure.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Supply Chain Collaborator

AUGUST 30, 2018

Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that are affordable and effective in automating their logistics processes. Parcel shipping support. Ability to benchmark data. Item visibility.

Logistics Network Optimization Software 81

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Sourcing Strategies 81

Freightos

FEBRUARY 4, 2020

Sources: FBX and SGX. For example, combining FBX and trucking data, FreightWaves have shown that as prices fluctuate, the cheapest way to ship from Asia to Chicago can flip from US West Coast to East Coast, or vice versa – an insight impossible to take advantage of without real-time price information. The FBX Daily Difference.

Optimal Sourcing 237

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 237

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. Sometimes a third party source outside of the company needs to be accessed for data. That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. Consider this.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Talking Logistics

FEBRUARY 13, 2015

Bigger Container Ships Pose Bigger Risks (WSJ – sub. Chainalytics Introduces FMIQ Monthly Benchmarking Index. Transportation Department pushes tough oil train standards – sources (Reuters). The larger ships will further test the capacity of ports and canals and the skill of their captains and crews.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Logistics Supply Chain Planning Software Modeling Software 100

ThroughPut

JANUARY 28, 2019

The company is setting ever-higher benchmarks for the industry around automation, tracking, robotics, and machine learning in its warehouses, and avoiding stock-outs, for example, while retaining the sheer number of products constantly available in stock. Slowing Economic Growth: A slow economy inevitably leads to slumps in sales.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

AIMMS

JANUARY 28, 2019

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. For instance, we currently have an Excel-based tool to calculate utility benchmarks.

Modeling 293

Modeling Modeling Software Optimization Modeling Optimal Sourcing 293

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And finally, UPS raised a red flag by lowering its full-year EPS expectations.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 130

Supply Chain Network

AUGUST 6, 2012

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Volatile fuel costs, carrier rates and shipping restrictions make it harder than ever before, and demand deeper visibility into spending from companies.

Optimal Sourcing 92

Optimal Sourcing Procurement Solutions Supply Chain Planning Software Procurement Analytics 92

Supply Chain Game Changer

FEBRUARY 27, 2019

For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. What to Do About It.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

Unleashed

JANUARY 29, 2024

Streamlined processes for order picking , packing, and shipping. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU? Procurement fees : This covers the total cost to you of sourcing and purchasing your products from suppliers or manufacturers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Freightos

NOVEMBER 10, 2020

Of course, COVID-19 has accelerated this trend, with more consumers working from home and ordering online, while it’s also become easier for sellers to source on Alibaba, import, and then sell on Shopify or Amazon.com. In other words, while demand and sourcing was able to keep up, last-mile distribution became a key bottleneck for SMBs.

Los Angeles 156

Los Angeles China Cargo Warehousing 156

Unleashed

FEBRUARY 1, 2023

It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. Review data from relevant sources This step requires an understanding of what data will be useful , and what should be left out. Doing it well creates significant advantages for the business.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand 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

ThroughPut

MAY 13, 2022

Demand sensing solutions extract everyday data from POS systems, warehouses, as well as external sources to detect variances in sales by comparing with historical trends. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand sensing solutions extract everyday data from POS systems, warehouses, as well as external sources to detect variances in sales by comparing with historical trends. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Veridian Solutions

JANUARY 8, 2020

Furthermore, a robust system enables returns management, accepts orders regardless of source, routes products based on inventory and destination, and generates actionable data. Shipping rate brokerage. However, those that follow these tips can work to ensure they have chosen the correct system: Benchmark your current operation.

Supply Chain Planning Software 53

Supply Chain Planning Software Inventory Management Software Analytics Software Demand Planning Software 53

6 River Systems

MARCH 19, 2020

It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Now it’s possible to drop ship directly from the factory floor or fulfill an order directly from a warehouse. But then the world changed. Everything went digital: the internet brought us ecommerce.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

Intelligent Audit

SEPTEMBER 15, 2021

Chargebacks can lead to the shippers becoming responsible for refunding customers for a product and customer-paid shipping charges. A freight audit helps shippers overcome day-to-day challenges as well, such as understanding current rates, benchmarking performance, and even bid analysis. Better Communications; Less Confusion.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Advanced analytics can foresee such supply shortages by analyzing patterns, trends, and external factors, allowing the company to source alternative suppliers or adjust production schedules in advance. This includes data from suppliers, production facilities, logistics services, and customer feedback.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Freight Plus

SEPTEMBER 20, 2018

Land and ocean carrier consolidation, warehouse automation, shifting sourcing structures, and digital supply chain transformation all have a tremendous impact on the current state of the logistics industry. If you're shipping with trucks, you're crazy to not have a good TMS.". Benchmarking. Consulting Logistics. "If

Negotiating Skills 40

Negotiating Skills Pricing Training Transportation Management Purchasing Training 40

Talking Logistics

DECEMBER 6, 2017

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” The findings were derived from an online survey of 250 executives at leading U.S.

Optimal Sourcing 142

Optimal Sourcing Research Sourcing Trends 142

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. Eventually it is “widely used, overused, and possibly abused” and applied indiscriminately, he says.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The use of customer segmentation strategies to define order policies for lead times, discounts, allocation, and shipping priorities.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181