10 Multimodal Metrics to Track for Transportation and Shipping

Cerasis

Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference. Uncategorized multimodal metrics

5 More Reverse Logistics Metrics to Track

Cerasis

Companies across the globe have taken note of the value of big data analytics in logistics and how tracking key performance indicators (KPIs) and core metrics can dramatically affect supply chain performance. Key Performance Indicators Reverse Logistics reverse logistics metrics

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Reverse Logistics Companies: Using Metrics to Track Performance

Cerasis

The post Reverse Logistics Companies: Using Metrics to Track Performance appeared first on Transportation Management Company | Cerasis. Reverse Logistics reverse logistics companiesThe returns supply chain remains difficult to manage.

What Are the Most Important 2020 Freight Metrics to Know?

Cerasis

The post What Are the Most Important 2020 Freight Metrics to Know? appeared first on Transportation Management Company | Cerasis. Data Freight 2020 freight metricsIn early 2020, the market forecast for freight looked bright. The turmoil of the U.S.-China China trade war appeared at an end, and few disruptions were believed to cause issues in 2020. Then, coronavirus happened to spread, and now, it will impact global supply chains. It is only a matter of time.

KPI Supply Chain: Parcel Metrics to Track and Boost Peak Season Value

Cerasis

The post KPI Supply Chain: Parcel Metrics to Track and Boost Peak Season Value appeared first on Transportation Management Company | Cerasis. Carving a successful footprint and managing to boost Peak season value involves the direct application of KPI supply chain best practices.

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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? What distribution center metrics are you tracking or are not listed here?

[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. Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. 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.

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

Cerasis

The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis. Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness.

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.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

With the growth of sustainability initiatives , more companies have adopted the use of recycled materials in production and have developed procedures for the responsible disposal of products that cannot be recycled or reused. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics White Paper. Importance of Metrics in Reverse Logistics Management. Energy used in handling returns : This metric is used in sustainability programs.

What Are the KPIs of a Transportation Management System

Cerasis

Key performance indicators (KPIs) refer to the targeted goals that rely on metrics to provide a snapshot of the health of your operation. They connect data and metrics with an evaluation of whether your operation performs as expected and what strengths or weaknesses may exist. The post What Are the KPIs of a Transportation Management System appeared first on Transportation Management Company | Cerasis.

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

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. More than 40% of companies reached their goal performance,which ranges from 95-100%. Core Benchmarks: Transportation [lin

Transportation Management

LeanCor

The Laws of Lean Transportation Management. There are all these things in life that we think “Oh, I cannot live without that,” and if it wasn’t for transportation management we most likely would not have anything we want or need on time. These companies have deadlines to get their cars from one country to another, and supply us all with the bigger and better car every year. Transportation, like inventory, is necessary activity within logistics.

Final Mile Metrics: What Should Be Measured?

Cerasis

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

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

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.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Building a Strong Transportation Management Foundation

Talking Logistics

Building a strong transportation management foundation is a critical pre-requisite for companies to execute their supply chain strategies and achieve their growth and financial objectives. In this first episode of an educational series focused on the link between transportation management and supply chain excellence, Chris Timmer from LeanLogistics outlines the attributes of a strong transportation management foundation and how to build it.

5 key metrics for last-mile logistics

Abivin

It is not an easy task, but thanks to the 5 key metrics below, we can better manage the performance of this last mile supply chain. Cost per Km The Cost per Km metric is an easy way to determine the cost it takes to drive a vehicle one kilometer. Fleet Capacity Utilization It is common sense that a logistic company wants to utilize its fleet capacity as close to 100% as possible. Keeping track of fleet efficiency is important.

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

The key to better logistics is a streamlined system that utilizes business intelligence and processes that yield transportation optimization. Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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[PODCAST] How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data

Cerasis

On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. In this “The Freight Project Podcast” episode you’ll hear : Hannah address one the biggest issues shippers face today: rising transportation costs. Listen to “How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data” on Spreaker.

Data 189

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans?

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

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. More than 40% of companies reached their goal performance,which ranges from 95-100%.

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 […]. Despite 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. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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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. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” The methods of evaluating metrics or developing KPIs vary significantly from company to company. LinkedIn The post 3 Requirements for Meaningful & Useful Data in Transportation & Business appeared first on Freight Logistics Company | Cerasis. Business Advice Technology Transportation

The Top 5 Transportation Management Blogs of 2016 …So Far

Cerasis

Today's post will cover the top 5 Transportation Management blogs from 2016 so far. Top Transportation Management Blogs from the First Half of 2016 So Far. The transportation management blogs category most top viewed blog posts from the first half of 2016 included several elements of the transportation management. From transportation management trends to creating a competitive logistical edge. 6 Transportation Management Trends for 2016.

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.

Logistics Metrics You Didn’t Know You Should Be Watching

Supply Chain Collaborator

Shippers who automate transportation logistics but fail to include yard operations in the solution design are operating with enormous visibility gaps. Shippers must realize that not all transportation delays take place on the road. Shippers must realize that not all transportation delays take place on the road. The critical metrics managed with YMS for improved resource planning include: Inbound and outbound dock door scheduling.

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

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. , More than 40% of companies reached their goal performance,which ranges from 95-100%. Core Benchmarks: Transportation.

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. Transport.