Talking Logistics

AUGUST 13, 2018

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . Big data drives everything,” Michael says. The Impact of Omnichannel.

Negotiating Skills 103

Negotiating Skills Optimal Sourcing Optimization Software Price Mitigation Strategies 103

OptiProERP

APRIL 25, 2023

However, with so many metrics to track, it can be overwhelming to know where to start. This metric can help you identify potential bottlenecks in your supply chain and improve your shipping process. This metric can help you identify areas for improvement in your order fulfillment process. Inventory KPIs 1.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Expense Reduction Manufacturing 52

Supply Chain Shaman

SEPTEMBER 3, 2015

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. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

20Cube Logistics

FEBRUARY 17, 2022

The rapid rate of technological change and faster access to a greater amount of data are resulting in a transformation of the freight forwarding process. Ø Freight forwarding and supply chain management both involve a lot of metrics and cost report requests. Considering cost-saving opportunities such as freight consolidation.

Freight 75

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The Logistics of Logistics

JUNE 23, 2022

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. Weather events might also be factors.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. can be measured to define this metric. It is important to note that capacity may have seasonal or temporary variation. Outbound KPIs. Financial KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Surge or seasonal capacity is usually pegged to spot rates based on available capacity.

Negotiating Skills 52

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GlobalTranz

NOVEMBER 8, 2018

The capacity crunch continues, and the ELD mandate has lowered the number of trucks available. Lackluster insight into freight spend and poor freight management controls. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity. Order picking accuracy.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

The Logistics of Logistics

OCTOBER 21, 2020

Tactical is an end-to-end provider of supply chain logistics that specializes in freight forwarding, warehousing, distribution, and domestic transportation. The sales increase pushed Amazon’s operational capacity and capability. The new performance metrics were a result of carriers arriving late and or missing appointments.

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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. What Freight Auditing Is and Why It’s Important.

Freight 52

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CH Robinson Transportfolio

NOVEMBER 4, 2020

You need a less than truckload freight management strategy. Why is LTL freight management important to your supply chain? Leveraging a suite of solutions for less than truckload (LTL) freight has become the cornerstone of successful supply chain strategies. Increased shipment frequency requires flexibility and mode optimization.

Material Savings 44

Material Savings Cost Reduction Strategies Waste Reduction Inventory Reduction 44

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

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SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Logistics Network Optimization Software 93

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American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Cargo capacity exacerbated inventory shortages in the first half of 2023.

Russia 52

Russia Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. Whichever shipping carriers were still operational were stretched beyond capacity, which meant that customers had to wait for much longer to receive their goods. Let’s get into it.

Supply Chain Planning Software 52

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Kinaxis

DECEMBER 7, 2015

Which metrics are most important? Everyone would agree that the big buckets of metrics are Service, Revenue, Inventory (Cash), and Cost, which support your company’s strategic goals. Best in class characteristics for supply chain measurement include: Share insight and accountability for key metrics across the company.

Inventory Reduction 100

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Supply Chain Matters

JUNE 7, 2023

percentage points In May, noted as an indication that shippers are consuming even less of available capacity than the month earlier. not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Transportation utilization reportedly dipped a hefty 9.5

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SCMDOJO

APRIL 9, 2024

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. AI-powered systems will enable precise predictions, route optimization, inventory management, tracking, and communication.

Supply Chain Design Software 65

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Supply Chain Matters

MAY 23, 2022

The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. The April report specifically indicates t hat after 23 consecutive months of contraction the index of Transportation Capacity shifted back into expansion, bumping up 11.2 after reaching an all-time high of 76.2

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

GlobalTranz

DECEMBER 27, 2017

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators.

Supply Chain Software 151

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Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). Before taking her current position, she served in several capacities including Seagate’s product design and manufacturing facilities in the U.S. and Singapore.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Zipline Logistics

JULY 27, 2021

As produce transportation winds down and the freight market loosens slightly for the first time in several months, CPG shippers have the opportunity to prepare for the quickly approaching peak season. Peak season in this context is defined by increased freight volume associated with back-to-school shopping and the coming holiday season.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

SupplyShift

JUNE 10, 2020

What we found Of the companies surveyed since March, 43 percent reported that they were running at 81-100 percent of capacity, and 14 percent reported that they were actually operating at more than 100 percent of capacity. So let’s round up some of the emerging supply-side strategies and considerations. Learn more here.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

SupplyShift

JUNE 10, 2020

Of the companies surveyed since March, 43 percent reported that they were running at 81-100 percent of capacity, and 14 percent reported that they were actually operating at more than 100 percent of capacity. Similarly, this Forbes contributor says 70% of the S&P 100 are now publicly highlighting ESG metrics to shareholders.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Intelligent Audit

DECEMBER 29, 2021

Air freight Is Rising. Air freight rates have been a major story throughout 2021. kg, according to the Freightos Air Freight Index. Most importantly, the air freight index runs approximately one week behind, so the real impact of the Christmas Week Showdown—the immediate days leading up to the holiday, is still unavailable.

Shipping 52

Shipping Los Angeles Houston New York 52

Intelligent Audit

NOVEMBER 3, 2022

The concept is about maximizing available capacity options while finding the best ways to exceed goals and key performance indicators — which, in turn, leads to more satisfied customers. The top three goals shippers should consider in optimizing the transportation network are price, capacity, and service.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Supply Chain Shaman

FEBRUARY 23, 2015

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. port capacity and are critical for Asian trade. Today, this is not a valid assumption, and most manufacturers lack the inventory buffers for inconsistent flows.

Long Beach 150

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Veridian Solutions

OCTOBER 2, 2018

The capacity crunch continues, and the ELD mandate has lowered the number of trucks available. Lackluster insight into freight spend and poor freight management controls. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity. Order picking accuracy.

Analysis 53

Analysis Data Forecasting Software Supply Chain Software 53

BlueYonder

JANUARY 31, 2023

And tighter longer-term capacity collaboration with the suppliers is needed as well. Salim: Because resilience is not about just carrying boatloads of inventory, we advise these companies to design their network and stage inventory at the right places in the network to minimize working capital and cash flow.

Automotive 86

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 86

GlobalTranz

APRIL 14, 2017

This means managing shipments and inventory can be simplified and taken with you, giving you renewed freedom in operating your business. Historically, TMSs were out of reach for companies moving less than $100 million in freight , but cloud-based systems give everyone a fair chance at the best rates. Historically, companies .

Analytics Software 122

Analytics Software Forecasting Software Predictive Analytics Software Vendor Strategies 122

Intelligent Audit

DECEMBER 13, 2021

Issues with logistics and shipping capacity continue to haunt supply chain management as experts predict that the shipping bottlenecks and backlogs at big U.S. As we look toward the 2022 shipping trends, it is important to remember that shipping capacity and driver availability directly feed into these trends.

Shipping 52

Shipping Cost Reduction Strategies Modeling Supply Chain Planning Software 52

Zipline Logistics

MAY 25, 2021

It strained production functions and increased the need for trucking services, which led to falling performance metrics that rippled across organizations. Because of the massive demand influx on capacity and notable shortage of drivers, carriers dramatically increased freight rates and brands paid the price. cost per case.

Procurement Analytics 69

Procurement Analytics Food Report Optimal Sourcing 69

Freight Plus

JULY 17, 2020

Sell more with less stock - How inventory planning holds the key to improved profitability. There was a huge impact on the global supply chain as far as air freight goes. Air freight became super premium and prices tripped because a lot of air freight travels in the belly of passenger air crafts and people were no longer flying.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Logistics 52

Freight Plus

JULY 17, 2020

Sell more with less stock - How inventory planning holds the key to improved profitability. There was a huge impact on the global supply chain as far as air freight goes. Air freight became super premium and prices tripped because a lot of air freight travels in the belly of passenger air crafts and people were no longer flying.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Logistics 52

QAD

JUNE 17, 2021

Even without a global pandemic and its aftershocks, manufacturing supply chains are often brittle and can break easily when disruptions occur, leading to over- or under-utilized resources, premium freight costs, inventory write-offs, lost orders and faulty decision-making. Complete Customer Management.

Supplier Management 98

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Talking Logistics

DECEMBER 21, 2018

With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels. Truck Capacity Shortage: The Past, Present and Future. Optimizing Your Freight Spend Without Negotiation. Until then, here’s our final Song of the Week for 2018, “Now Or Never Now” by Metric.

Video 101

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