Remove Definition Remove Freight Remove Manufacturing Remove Metrics
article thumbnail

Supply Chain Normalcy? Think Again.

Supply Chain Shaman

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. The average brand owner outsources 28-35% of manufacturing, but most coordinate using only spreadsheets and email.

article thumbnail

What is Landed Cost? Formula, Definition & How to Calculate

Unleashed

Landed cost is a crucial metric for understanding profitability at the product level. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

50 Most Read Articles of All Time in Manufacturing, Supply Chain, Logistics, Transportation, & Freight

GlobalTranz

We have also featured on our blog over 90 guest bloggers featuring voices from experts in all of the five main categories who have talked about such subjects as the Skills Gap, Reshoring, Technology, Innovation, STEM, the Maker Movement, Lean Manufacturing and Supply Chain, the Internet of Things, and much much more.

article thumbnail

KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric. can be measured to define this metric.

article thumbnail

3PL vs 4PL: How to Know Which One is Right for You

GlobalTranz

These firms facilitate the movement of parts and materials from suppliers to manufacturers and finished products from manufacturers to distributors and retailers. Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”.

3PL 210
article thumbnail

When Variability Is Our Only Constant

Supply Chain Shaman

By definition, this requires a global supply chain. Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China. The Port of Shenzhen –a central manufacturing and export hub including the Yantian terminal that handles 25% of all U.S.-bound My response is “Hogwash.”

Modeling 276
article thumbnail

Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed.