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

Cerasis

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. Business practices have become synonymous with the application and collection of data for continuous improvement.

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 ).

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Smaller companies have lean shipping departments and are often focused on moving product with little time and energy remaining to negotiate contracts and analyze freight spend. Disaggregate freight spend data. When analyzing freight spend, the devil is in the details.

Air Cargo Tech Is Falling Behind. It Doesn’t Have to.

Freightos

JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS. Get Air Freight Standardized. Get Air Freight Dynamic. Get Air Freight Connected. Get Air Freight Customer Facing. Freight Insights Logistics Technology

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Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Subscribe Here! Email Address. Check out Brand Protection – The Definitive Role of the Supply Chain!

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships. Consider the following metrics: Tender Acceptance: The frequency at which a carrier is accepting tendered loads.

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The Top Logistics Blogs of 2016 …So Far

Cerasis

We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Our first post covered the Top 5 Freight Management blogs of 2016. It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category. e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs.

Research: What Leading Shippers Do to Obtain Better Truckload Rates and Performance

Talking Logistics

They multiplied three commonly-used metrics for measuring truckload performance to identify the Leaders: First tender acceptance (FTA). Next, researchers looked at freight attributes of shippers. Leader Group 1, which used more asset carriers than brokers, achieved an 82% rating; Leader Group 2 used more brokers than asset carriers and achieved 81% (for comparison, Laggards achieved 46%).

Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy

Cerasis

Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs. Through modern technology, the inbound logistics strategy can be executed easier than believed, and real-time order tracking and metrics prevent overbilling and overpayment. Metrics can also go further than auditing by giving your company a means to measure the performance of your vendors, boosting compliance with the rules and stipulations within your inbound logistics guide.

What Warehouse Management Technology Is Necessary to Create a Best-in-Class Distribution Center?

Cerasis

Implementing new technology is a complicated process, but it can be simplified as follows: Integrate systems that control both inbound and outbound freight. A seamless flow of inbound and outbound freight is essential to creating a best-in-class distribution center, reports Consumers are more likely to boycott a seller if a product is suddenly out-of-stock after placing an order in the store or online.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. 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.

The Financial Dimension of Supply Chain Visibility [Episode Highlights]

Talking Logistics

If you think about it in terms of Total Cost Management/Spend Management, when you start to talk about things like contract negotiation, having better insight into your spend, and understanding the metrics around it, all of which obviously provides valuable insights and helps you with those negotiations. Obviously as you start to implement controls and put metrics in place, you gain the opportunity to improve different processes within the organization and across the supply chain.

What Less-Than-Truckload Data Should a Shipper Track?

Cerasis

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. Freight Damage. Inbound Freight Routing Guide Compliance.

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4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

Even more challenging is establishing goals and metrics for this ever-moving target. Once you know your energy usage rates, you can start making comparisons, and find ways that you’re losing money or energy.

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

Cerasis

Although it is certainly important for carriers and shippers to review industry averages in comparison with their own costs and profits, many may use these averages – or benchmarks – without proper conjunctive analysis and without fully understanding their costs and profits.

Logistics Outsourcing

LeanCor

Strategic Freight Bids: A Benefit of Logistics Outsourcing. For shippers, freight bids are typically the first and most effective tool used to identify savings opportunities in transportation spend. No cost or efficiency metrics were being used on IB raw material tranportation.

Why CSR-centric Brokerages are Leading the Industry

Parade

It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight).

Collaboration at the Logistics Sharp End – Can It Work?

Logistics Bureau

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver workforces.

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Collaboration at the Logistics Sharp End – Can It Work?

Logistics Bureau

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver work-forces.

3PL 52