Improve Your Response Time to Market Through Effective Benchmarking

Talking Logistics

There is a significant amount of angst in the transportation marketplace lately in regards to freight spend forecasts. In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach. The benchmark itself in this instance could be reflective of two different approaches.

Chainalytics Partners with Mexico-based Consulting Firm Tsol to Launch Intra-Mexico Freight Benchmarking Service

CHAINalytics

Atlanta, GA (March 11, 2019) — Chainalytics, a global leader in supply chain consulting, analytics, and market intelligence has entered into a strategic alliance with Tsol, a Mexico-based consulting firm and logistics technology provider, to deliver its freight rate benchmarking service within Mexico. Feature Freight Market Intelligence Consortium Press Release Chainalytics FMIC fmic mexico Freight Market intelligence Freight Rate Benchmarking mexico transportation rate benchmarking tsol

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. Core Benchmarks: Transportation [link

Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider.

Six Steps to successful Supply Chain Benchmarking

Supply Chain Movement

The need to benchmark supply chain performance runs deep in many companies. The quest for data is critical, and can help answer questions like “what is the average and best-in-class forecast accuracy in high tech,” or “how much inventory do pharmaceutical companies hold,” or “what are typical transportation costs as a percentage of sales in consumer packaged goods (CPG)?”. The point of benchmarking is to provide information to be used in decision making and action.

Transformative Transportation Management

Talking Logistics

It can be a difficult choice to make; supply chains are not one-size-fits-all, and your transportation technology solutions shouldn’t be, either. More than a strictly outsourced model, a hybrid of managed services and technology can adjust to fit unique supply chain needs, provide visibility to a company’s transportation data and network benchmarks, and supply the expert talent a company needs.

A Trucking Economics Lesson: How rates will respond to market changes in 2020

CHAINalytics

At Chainalytics, many of our clients and partners come to us for supply chain and transportation prognostications year after year. (So So much so that our freight benchmarking group developed a new … The post A Trucking Economics Lesson: How rates will respond to market changes in 2020 appeared first on Chainalytics. It’s that time of year when everyone is publishing their predictions for what the new year will hold — in whatever industry they work.

TMS SuperUser Secrets – Benchmarking Using TMS Data

Supply Chain Collaborator

Here are some closely guarded secrets from super users of TMS solutions regarding how they’re leveraging the captured transportation data and harnessing it to supercharge their TMS results. The first phase of successful TMS usage involves using the solution to drive visibility into one’s own transportation processes, network and capabilities. Benchmarking TMS data improves and enhances service levels by providing comparisons of customer service-related activities. . _.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark.

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

Cerasis

Transportation Management Challenges in E-Commerce Although e-commerce represents an excellent opportunity for shippers, it results in the creation of additional challenges in managing freight spend and moving products. Benchmark existing freight spend and use of transportation modes.

Transportation Procurement in India

CHAINalytics

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. By all accounts, shippers in Europe and the Americas are using transportation and analytics […]. The post Transportation Procurement in India appeared first on Chainalytics.

India 60

Transportation Industry Braces for a Looming Transportation Capacity Crunch Crisis in 2017

Cerasis

Expected Transportation Capacity Issues. The concern and dialog about the transportation capacity issues for our country have bridged the past two decades and beyond. Among the most discussed catalysts for the next approaching transportation capacity crunch, we have to look at collaboratio n between all the players in the myriad of logistics layers. 4 Drivers of the Looming Transportation Capacity Crisis of 2017. Capacity Crunch Transportation transportation capacity

3rd Annual Transportation Management Benchmark: Where Does Your Company Stand?

Descartes

Three years ago, we started the Transportation Management Benchmark Survey because we were seeing some companies be incredibly successful in transportation management and positively impact their company’s performance while others just struggled to get value. Now that we have years of data from hundreds of companies, we can better see what macroeconomic and industry trends are shaping transportation strategies and tactics.

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

Cerasis

Editor’s Note: This post is a slightly modified guest post from Ahern & Associates , a transportation management consultancy. 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.

8 Uses for Supply Chain Benchmarking and Their Most Valuable Benefits

Logistics Bureau

If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena. 8 Most Beneficial Uses of Supply Chain Benchmarking. Let’s begin with one of the most commonly cited uses for supply chain benchmarking.

Have You Missed the Most Valuable Aspect of Your Transportation Management Solution?

Descartes

Adrian Gonzalez , industry expert and host of an online video talk show and blog Talking Logistics, connects with Chris Jones, Executive Vice President, Marketing and Services at Descartes for insights from benchmarking studies Descartes conducted about getting the most value from transportation management systems. Overview: Whether you run a fleet or purchase transportation, the value of transportation management extends well beyond the transportation department.

A Transportation Network is Your Pit Crew

Talking Logistics

You’ve developed a well thought out transportation plan that supports your supply chain. You’ve conducted a transportation procurement event and have agreements in place with carrier partners to provide the type of capacity you need, where and when you need it. You’ve communicated the final transportation plan and carrier strategy to your internal and external constituents, and have made essential business process changes to ensure successful execution.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. Managers can therefore identify issues in an early stage and take action to resolve them, so as to avoid unnecessary fees and charges, thus lower transportation costs. Core Benchmarks: Transportation.

Industry Commentary: American Shipper Global Transportation Benchmark Study

Supply Chain Nation

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” When looking at other aspects of transportation process such as consolidation and routing opportunities, the measurement is quite simple. Transportation & Logistics Transportation Management network data shippers transportation

Beware of biased benchmarking: 3 ways to grade a transportation index

DAT Solutions

There are three questions you should ask when using a benchmark or index to make business decisions. Trucking Industry Trends

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

What Does Great Look Like in Logistics?

Talking Logistics

Episode Highlights Transportation Management benchmarking Bill Madden BluJay Solutions logistics logistics performance transportation managementWhen I was a kid growing up in Brooklyn, the mayor at the time, Ed Koch, was famous for always asking “How’m I doin’?”

5 Key Metrics to Monitor, Benchmark and Optimize Transportation Spend

Logistics Viewpoints

In the volatile and ever changing domestic transportation market in N. Guest Commentary Transportation Transportation Management SystemsAmerica, there is a growing need. What is it? It’s simple; it is a need to efficiently and effectively measure, track and monitor the right metrics to better manage, control and optimize costs. It sounds very simple, but in truth there are complexities. Complexities […].

Who’s Using TMS, Why and How? Notes from the 2016 TMS Benchmark Study

Supply Chain Collaborator

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. With two out of three surveyed TMS users capturing sizable savings (between 5% and 10% or more) on their transportation spend, it seems likely that the business case for all but the smallest shippers by volume would benefit from such solutions to automate their transportation logistics activities.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

Building a Strong Transportation Management Foundation [Episode Highlights]

Talking Logistics

Building a strong transportation management foundation is a critical prerequisite for companies to execute their supply chain strategies and achieve their growth and financial objectives. Chris discussed the components of an effective transportation management strategy, how to develop and manage successful carrier relationships, and the need for well-defined Standard Operating Procedures (SOPs) and business processes. That includes historical performance plus industry benchmarks.

Chainalytics sells FMIC to DAT Solutions

CHAINalytics

Feature Freight Market Intelligence Consortium In The News Press Release Supply Chain Intelligence contract rates FMIC freight benchmarking Freight Market intelligence freight rate intelligence rate benchmarking Transportation Benchmarking Transportation Intelligence

What’s Driving the Increase in Transportation Management Technology Spend?

Talking Logistics

DC Velocity and Descartes have conducted a transportation benchmark study for the last two years to help transportation professionals understand what is driving the market, and how the strategy and tactics of top performers differ from the rest of the pack. This year’s study again showed that IT spend in transportation management is expected to increase. Figure 1: Transportation IT Spend Change Next 2 Years (Source: Descartes).

The Logistics of Benchmarking European Freight Rates

CHAINalytics

By Olga Rissin | Product Manager, FMIC Europe Shippers transporting freight within Europe and some of its tangential regions face unique operational and business constraints vis-à-vis their North American counterparts. In both regions, full-load transport is a highly fragmented market with: hundreds of […]. The post The Logistics of Benchmarking European Freight Rates appeared first on Chainalytics. Blog Transportation What''s New Europe FMIC Olga Rissin

What Kind of Shipper Are You? The Path to Building an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer from LeanLogistics outlined the attributes of a strong transportation management foundation and how to build it. An important component of that foundation is defining and implementing an effective transportation strategy, which is the focus of this episode led by Eric Meister, COO at LeanLogistics.

Using Blockchain to Better Understand the Total Cost of Transportation

Shipchain

Determining the total cost of transportation is essential to understanding your company’s profitability. Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supply chain.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. Benchmark yourself against historical and current market indexes.

Is Inventory Waste or an Asset?

Supply Chain Shaman

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. The Supply Chain Insights planning benchmarking work for next year kicks off in January.

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. Other benchmarks, however, are best measured by looking outside of your operation. The most obvious example is freight rates – in addition to actual transportation spend, what about cost per hundred weight or spend per pound.

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. Other benchmarks, however, are best measured by looking outside of your operation. The most obvious example is freight rates – in addition to actual transportation spend, what about cost per hundred weight or spend per pound.