Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” ” Yet leaders with high-quality master data are 1.5x less likely to be affected by supply chain disruptions.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

GlobalTranz

MARCH 18, 2020

The post What Are the Most Important 2020 Freight Metrics to Know? appeared first on Transportation Management Company | Cerasis. Then, coronavirus happened to spread, and now, it will impact global supply chains. It is only a matter of time. Fortunately, understanding the facts.read More.

Metrics 156

Metrics Freight Forecasting China 156

GlobalTranz

AUGUST 21, 2018

In this “The Freight Project Podcast” episode you’ll hear : Hannah address one the biggest issues shippers face today: rising transportation costs. How shippers can overcome rising rates by getting access to better data all while increasing customer loyalty and retain customers. Download eBook. Download eBook.

Transportation 149

Transportation Data eBook Freight 149

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

Logility

JANUARY 26, 2017

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). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

SCMDOJO

APRIL 9, 2024

With the advancement of transportation, like wheels and navigation techniques, transport to distant territories was completed over shorter periods. The Industrial Revolution gave rise to large-scale production and transportation efficiency, which led to the modern logistics landscape that we know today.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

GlobalTranz

JULY 22, 2019

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.

Transportation Management 166

Transportation Management Transportation System Metrics 166

The Logistics of Logistics

NOVEMBER 5, 2021

Original article: Warner’s Top Transportation & Logistics Influencers. In light of the global environment in the past year and a half, we listed the top transportation & logistics influencers. The road hasn’t been easy for the transportation and logistics industries. miles of freight is expected to reach 7.67

Logistics Network Optimization Software 147

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 147

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

GlobalTranz

NOVEMBER 8, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Modes of transportation used in terms of costs and delays associated with each.

Analysis 151

Analysis Data Forecasting Software Forecasting 151

Zipline Logistics

MARCH 29, 2018

Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics.

Metrics 56

Metrics Transportation Analytics Meeting 56

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Transportation is measured just as a cost rather than what it does for the rest of the organization. Other areas to consider measuring as it relates to transportation: Managing inventory. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Enterra Insights

OCTOBER 20, 2022

Nowadays, few people question the value of data. Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, goes so far as to assert data is an organization’s most valuable asset. Today, it’s not people but data that tops the asset value list for companies.”[1] For example, Julius ?erniauskas

Big Data 130

Big Data Data Quality Cost Reduction Strategies 130

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

GlobalTranz

JANUARY 30, 2015

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” has changed to “ Is the data meaningful ?” If you are in search of meaningful data it is imperative to understand its building blocks or foundation. Where is the data coming from?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

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

Supply Chain Shaman

JANUARY 8, 2024

Working on it over the holiday break, allowed me to spend more time to think about the trends that I am seeing in the data. We are currently working with the statistics group at Georgia Tech to understand how the relationship of these metrics changed over time, but more on that in a later blog.) Smaller Focused Companies Win.

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

Supply Chain Matters

FEBRUARY 14, 2024

Supply Chain Matters provides our latest update regarding the Red Sea Transport disruption impacting transport movements to and from European and Asian ports. Scenario and simulation based planning methods that quantify and weight various short and longer term impacts of global events toward key business metrics.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

Supply Chain Shaman

APRIL 18, 2023

Yes, we have achieved greater normalcy in transportation. 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. Feed the adaptive modeling environment market planning master data.) What is normalcy?

Supply Chain Planning Software 374

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

QAD

JULY 1, 2021

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. There are many benefits for manufacturing companies that use ERP systems, including: Better supply chain, warehouse, transportation and inventory management. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

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

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. This includes procurement, production, transportation, warehousing, and distribution.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. Real-time location and IoT data such as condition statuses (e.g., BluJay provides transportation management and managed transportation solutions.

Agile and Lean Supply Chain 223

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 223

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

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. Supply chain data initiatives need a top-down mandate. Bowers, Adam G.

Analytics Software 173

Analytics Software Procurement Analytics Agile and Lean Supply Chain Modeling Software 173

Supply Chain Shaman

SEPTEMBER 28, 2022

There was a strong negative correlation (at an 80% confidence level) when companies were not aligned between customer service and transportation. During the pandemic, transportation costs skyrocketed, creating increasing tension between customer service and price. Where possible use market data to decrease market and demand latency.)

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Intelligent Audit

MAY 6, 2021

Transportation network optim ization is a leading goal for supply chains around the globe. The finance department needs to know what’s happening within transportation and how that impacts costs and capacity to improve transportation spend management performance. Track the Right Performance Metrics. Industry 4.0

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Supply Chain Shaman

JANUARY 9, 2024

The group’s response is, “Are these supply chain metrics?” ” For many stuck in the myriad of functional metrics, like Operational Efficiency (OEE), Purchase Price Variance (PPV), or transportation cost, a focus on growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) is a stretch.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

BlueYonder

APRIL 9, 2024

Carlsberg has also introduced electric trucks and established a specialized transportation control tower in Poznan, Poland. The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. In a recent webinar , Carlsberg shared more on this topic.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

Logistics Viewpoints

OCTOBER 26, 2023

We are well into the era of real-time transportation visibility, where shippers and their partners can track freight in real-time across every mode of transport. So why are so many still falling short of OTIF targets (and other key metrics)? What does that look like? Let’s go back to OTIF. That covers “on-time.”

Supply Chain Planning Software 199

Supply Chain Planning Software Real-time Visibility Supply Chain Design Software Supply Chain Planning 199

Logility

AUGUST 14, 2023

2 Identify data availability and data gaps. Certain categories of data should be available or must be available for specific types of supply chain technology implementations. The presence — or absence — of required data is going to have an impact on the metrics being used to measure the success of the project.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

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

Logistics Viewpoints

MARCH 29, 2024

million vehicles cross the bridge annually, or about 30,000 per day, according to the Maryland Department of Transportation. Transportation officials are sharing plans in an effort to minimize headache-inducing traffic jams. Transportation officials are sharing plans in an effort to minimize headache-inducing traffic jams.

Prescriptive Analytics Software 250

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 250

GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Enabling Data-Driven Decision-Making . This is especially true as peak season continues to grow volatile.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Intelligent Audit

NOVEMBER 3, 2022

On the transportation end of supply chains, shippers adapt to the transportation needs at any given time to ensure this part of the supply chain continues as well as possible. This is why transportation network optimization is important. What Is Transportation Network Optimization? Ready Your Data.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Logistics Viewpoints

SEPTEMBER 4, 2023

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Speed is of the essence.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

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