The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? On-Time Shipping.

Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The handful of companies in the top quartile of working capital performance had working capital expenditures as a percentage of overall revenues of between 6% and 10%. In comparison, the poorest-performing companies in the lowest quartile had a range of working capital between 23% and 39% as a percentage of revenues. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

What is LTL Shipping?

SupplyPike

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. Get better shipping rates.

Final Mile Metrics: What Should Be Measured?

Cerasis

The final mile logistics management has always been the most expensive and risky part of shipping. The post Final Mile Metrics: What Should Be Measured? appeared first on Transportation Management Company | Cerasis. Data Final Mile Key Performance Indicators final mile metricsLacking visibility and the inability to track and understand the final mile contributes to an assumption of risk.

[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

Cerasis

However, most of today’s data goes unused and represents a lost opportunity to the company. Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. Business practices have become synonymous with the application and collection of data for continuous improvement. Unfortunately, data lacks value if not properly cleansed, transformed, and applied.

What are Ecommerce Shipping Zones?

Supply Chain Game Changer

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. Shipping Zone Definition. Subscribe Here!

Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

Cerasis

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. Before we fully get to establishing a framework effective KPIs when engaging with a logistics company, we must take a step back and understand how to apply the creation of stakeholder value.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

E-commerce has presented wholesale distributors and original equipment manufacturers (OEMs) with a crown opportunity for growth, but it comes at the cost of transitioning from single-channel shipping. Over the last year, average e-commerce sales have increased more than 15 percent, revealing the increasing demand for multichannel fulfillment and shipping. Adapting supply chain systems to succeed in multichannel fulfillment and shipping, also requires additional setup time.

Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

While we live in an age where same-day delivery and free shipping have become customer expectations, we also live in an age where dimensional weighting and quarterly accessorial increases have become a reality from the carrier. Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Use the Correct Metrics.

Last Mile Metrics: 11 Metrics to Measure in Last Mile Logistics

Cerasis

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? The answer to this question lies in using last mile metrics to track key performance indicators and target levels of service to ensure accountability, visibility and continued reduction of costs in last mile delivery. Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. What I found was erratic results with many companies going backwards. In fact, I now know that nine out of ten companies are stuck. Here I share his insights: Philippe, which supply chain metrics do you think matter?

3 Technology Companies Disrupting Shipping

FLEXE

FLEXE , Flexport and Convoy –three technology companies adding flexibility to the supply chain–,recently hosted the first Peak Logistics breakfast in Seattle, Washington. The founders of each company came together to discuss the overlap of technology and logistics and how it can be used to solve every day problems. Basically, responsible for ocean freight carriers, ocean ships that rely on truck companies. So Convoy is a trucking company.

Are Your Manufacturing Metrics Meaningless?

synchrono

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Bob in sales promises a customer that their order will be shipped by the 15 th of the month. The order isn’t big enough, nor has the customer done enough business with the company, to warrant upending the production schedule to meet the promised delivery date.

[PODCAST] Why Logistics Execs Who Glean Insights from Transportation Management Data Collaborate More & Reduce Shipping Costs

Cerasis

Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Why collaboration between all entities in the shipping process is really the key to success in effective transportation management.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. The core competency of these companies is logistics , and they do it well. Today, anyone can start an online retailing business from any part of the world and ensure their products are delivered to customers efficiently by using a third-party logistics company. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

The research, produced by Adelante SCM and presented by BluJay Solutions (a Talking Logistics sponsor), was conducted to explore the links between supply chain management innovation, customer experience, technology adoption, and company performance.

5 Crucial Software Every 3PL Company Needs To Have

Abivin

Introduction Third-party logistics provider (3PL) is a company that provides outsourced logistics services to other organizations. This article will present five software that every transporter and 3PL company should employ to stay competitive, cost-effective and ensure on-time delivery. TMS provides 3PL companies with the opportunity to look back and analyze past decisions through data storage capabilities. Finding a suitable WMS for 3PL companies is no easy task.

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23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Contract negotiation is becoming a major factor in shipping.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Over time, companies acquired assets. This is difficult for the average company since only one in two supply chains have source, make and deliver reporting through the same organization (reference Figure 1). Companies talk about the need to be proactive, and agile. Supply chain design looks very different by company. Today, three out of four companies greater than 10B$ have a network design group that averages seven people.

The Most Important Metric for Increasing Revenue

Unleashed

Average Order Value (AOV) is one of the few important metrics for businesses to analyse and track to gain an understanding of their current revenue and how they may increase it. Facilitating ease and accessibility through free shipping and a smooth returns process is a great way to encourage a purchasing decision in those customers who are faltering. Sometimes offering something such as free shipping is all the comfort they need to commit to a purchase.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil pricesDespite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand.

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21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

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. Be sure not to penalize or reward suppliers based on your choice of shipping method. Specific Quality Metrics.

10 Inventory Metrics You Need to Know Right Now

EMERGE App

You can with inventory metrics. Why should you care about inventory metrics ? We think these are the top 10 inventory metrics that you need to know right now. Top Ten Inventory Management Metrics. Customer Order Fill Rate = Orders that are Shipped in Full / Total Number of Orders. Or find a way to keep your sales reps well informed of inventory data to help them ship accurate and complete orders. Cycle Time = Actual Ship Date – Customer Order Date.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

[00:38] Please introduce yourself and your company. Right out of college, I worked at a logistics company in Atlanta. 04:37] Tell us about the world’s largest company. Then, we buy and ship it to get oil out of the ground. The company searched for smart people who understand what the next new technology will be. 13:34] You had to choose a 3PL for the world’s largest company. We wanted to find a company that could go global if needed.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc).

The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Well defined processes also means another employee can step in when an employee is absent or leaves the company. Look for companies with hands on management and lots of training.

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Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Key Process Indicators vs. Metrics. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). Only the most important metrics can grow up to become KPIs.

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Replenishment 201: Monitoring Store-Level Inventory

SupplyPike

Instocks are an incredibly important metric to keep track of as well. There are three instock metrics to keep in mind: Current Instock Percent: measurement of valid stores that have at least one unit on hand Current Replenishable Instock Percent: measurement of daily forecasted demand against current on hand store inventory. These metrics will help you examine your instocks on a corporate level. Have you been shipping your orders in full?

Multi Carrier Shipping: 8 Ways to Avoid the Shortsightedness Of Chasing The Least Cost Carrier

Cerasis

When you are looking to choose a carrier when it is time to ship your freight, it might seem obvious to go with the carrier that provides you with the lowest “sticker price.” The best practice, even speaking broadly, in the world of LTL shipping and most modes, is to have a multi carrier shipping mind set. 7) Using a Multi Carrier Shipping Transportation Management Solution. 8) Employing Carrier Relationship Management in Multi Carrier Shipping.

The Best LTL KPI for Measuring Cost

The Logistics of Logistics

The LTL cost per pound is also completely transparent (can’t tweak the numbers) and it provides great insights into a company’s freight spending. One of the reasons, to use LTL KPIs is to know whether the shipping function is improving. The KPI gives the shipper an objective measure to compare freight rates, different weights, freight class, carriers and shipping locations. In lieu of the KPI, shippers can only compare the prices for the same shipping lane.

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