GlobalTranz

AUGUST 14, 2018

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. Download the E-Book. GET YOUR FREE WHITE PAPER.

Cost Reduction Strategies 120

Cost Reduction Strategies Transportation Management Resource Reduction Transportation 120

Talking Logistics

MARCH 19, 2019

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. Below are my four keys to effectively using real-time data and realizing the benefits of proactive analytics.

Analytics Software 131

Analytics Software Analytics Shipping Metrics 131

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Logistics Viewpoints

MARCH 29, 2024

In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long The end result of the loss of propulsion was the ship crashing into the bridge. mile-long span. An estimated 11.5

Prescriptive Analytics Software 251

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 251

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Today, however, there is hardly an activity that doesn’t produce some kind of data that can help companies understand what is going on within their supply chains. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Intelligent Audit

NOVEMBER 17, 2020

Shippers should expect a surge in shipping volumes and tight capacity due to a historic rise in e-commerce transactions. These factors are driving shipping costs higher and shippers need to prepare. According to Supply Chain Dive , shipping “prices have fluctuated wildly. The costs of limited shipping data are high.

Cost Reduction Strategies 52

Cost Reduction Strategies Prescriptive Analytics Software Shipping Resource Reduction 52

Supply Chain Shaman

FEBRUARY 18, 2021

The systems–based on shipment and order data–were out of step with the market. With fixed models and hard-wired data feeds, teams could not adjust the planning systems to use consumption data or market indicators. Next Steps: Start to model demand based on market data to align the organization on baseline demand.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

GlobalTranz

MAY 12, 2016

Business practices have become synonymous with the application and collection of data for continuous improvement. However, most of today’s data goes unused and represents a lost opportunity to the company. Unfortunately, data lacks value if not properly cleansed, transformed, and applied.

Metrics 120

Metrics Logistics Network Optimization Software Supply Chain Optimization Supply Chain Strategy 120

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Logility

JANUARY 12, 2021

You’re committed to rolling out an analytics platform across your supply chain and you have tons of data. So how do you turn that data into actionable information? There is a continuum in terms of the presentation of data that allows for continuous sophistication in understanding and interpreting data. Benchmarking.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 131

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Shaman

APRIL 18, 2023

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. To side-step this issue, build planning processes to use market data. What is normalcy?

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

crisp

OCTOBER 20, 2022

Discover the essential data points every growing brand should have on-hand to be a successful and proactive retail supplier — without spending your whole day in spreadsheets. In short, it takes data. In short, it takes data. Retail data: A brand’s greatest asset. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

QAD

JULY 1, 2021

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. Maybe you could reduce shipping costs by making more bulk purchases or buying more locally. Improving communication between departments and comparing metrics across them. Capturing real-time reporting you can quickly access.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

GlobalTranz

AUGUST 21, 2018

How shippers can overcome rising rates by getting access to better data all while increasing customer loyalty and retain customers. Listen to “How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data” on Spreaker. 8 Big Factors to Consider for Efficient LTL Shipping. Download eBook.

Transportation 149

Transportation Data eBook Freight 149

GlobalTranz

NOVEMBER 12, 2015

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Performance Management.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

Supply Chain Shaman

NOVEMBER 21, 2023

The warehouse I ran just completed a consolidation of three shipping centers. So, I was always struggling on a daily basis to establish a feasible plan to ship 180 trucks out of 22 doors in a twenty-four-hour operation. The metrics were not aligned. Map the different metrics and incentives in the organization to behavior.

Supply Chain Planning Software 325

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 325

Supply Chain Shaman

DECEMBER 28, 2020

My goal is to convince you to ground supply chain processes and technology implementations in data analysis while tying the results to the improvement in corporate performance. Let me make my point by sharing some financial data using client examples from the last decade. So, I asked the questions, “Is your data forecastable?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

RFgen

APRIL 18, 2023

Shipping accuracy is an important aspect of any business that relies on delivering products to customers. Your ability to ship accurate orders to the right destination directly impacts profitability. Misships, or incorrectly shipped items, can lead to customer dissatisfaction, increased costs, and damage to your brand.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

Supply Chain Shaman

OCTOBER 13, 2022

Investments in Data-Driven Capabilities May Not Yield Better Decisions. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. The reason?

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. To avoid diving blindly into new endeavors and wasting resources by consequence, CPG brands need sales and media data to direct and inform their alterations.”[1]

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Intelligent Audit

OCTOBER 12, 2022

The shipping industry plays a significant part in this equation, as carbon emissions from shipping make up a substantial portion of the problem. Also, shipping is connected to every industry that sells goods or products. Shipping Emissions Statistics & The Impact Carbon Emissions from Shipping Have on the Climate.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. And better visibility requires data. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Tri-Valley Growers. Bankruptcy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Locus

OCTOBER 17, 2023

Today, teams are armed with data like never before, making the jobs of NFL scouts more efficient. But what is it about a data-driven approach that gives scouts the edge? These metrics prove to be an early indicator of the future success of NFL players. Which vehicles had maximum downtime during the operational hours?

Cost Reduction Strategies 52

Cost Reduction Strategies Analytics Software Price Mitigation Strategies Supply Chain Planning Software 52

Intelligent Audit

DECEMBER 8, 2020

Analyzing data and using automated intelligence to promote agile, data-driven decision-making are among the easiest ways to add logistics value. However, not all shipping analytics tools are created equally. Let’s dig into the leading characteristics of the shipping analytics tools on the market for shipping managers today.

Analytics Software 52

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

GlobalTranz

NOVEMBER 30, 2021

Track Carrier Performance Data. Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Routing optimization continuously applies data to validate planned routes against market disruptions. a shipment?doesn’t

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Intelligent Audit

MARCH 23, 2021

Many factors play into shipping costs within the supply chain network. Optimizing shipping costs and examining the budget and current spending will help improve operations across the supply chain network. . Connect the Data Streams, Systems and Team Member Resources.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

Alloy

SEPTEMBER 3, 2019

Part 1 of this series highlighted four of the most important retailer data points that suppliers need to maintain an efficient supply chain and maximize sales opportunities: Unit Sales (Net), Dollar Sales (Net), Price, and Retailer COGS. It’s calculated by dividing Retailer COGS by the average inventory on hand during the period.

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40

USC Consulting Group

APRIL 9, 2021

However, operational data in itself isn’t always useful in its raw state. Organizations typically need to take additional steps to make their system data informative and actionable. This is where data mining comes in. What is Data Mining? How Does Data Mining Work?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 52

Alloy

AUGUST 20, 2019

Fortunately, most retailers provide data to help suppliers understand how they’re performing. But out of that weekly or daily data deluge, what are the crucial metrics? Keep an eye out for part two for the other four key data points. And how do they inform better strategy and execution moving forward?

Negotiate Pricing 40

Negotiate Pricing Negotiating Skills Alloy Price Reduction 40

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What About Supply Chain Entities That Have Time-Sensitive Products?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. When manually entering data into a spreadsheet, the probability of human error was 18-40%. One solution is to turn to big shipping data. That’s why it’s critical to have an audit partner who can ingest data across all systems.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Talking Logistics

OCTOBER 10, 2017

The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). And at the conference it was clear that the data problem is still huge and everyone needs a better way to solve it.

Conference 113

Conference Analytics Software Supply Chain Planning Software Data 113

Intelligent Audit

DECEMBER 29, 2021

Understanding the state of holiday shipping and learnings for the next peak season means realizing that rates are always going to jump-start near Halloween. While rates dipped over the course of the year, another spike occurred on July 12, 2021 ($4.74kg), and as of the most recent data available, rates are sitting at $4.41/kg.

Shipping 52

Shipping Los Angeles Houston New York 52

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

With its ability to derive insights from vast amounts of data and derive insights, generative AI has emerged as a valuable tool to optimize supply chain operations. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244