GlobalTranz

MAY 20, 2015

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.

Procurement Analytics

GlobalTranz

DECEMBER 31, 2015

8 Most Common Reasons Why You May Receive a Freight Claim Declination Letter. Make Your Life Easier With These 5 Freight Bidding Platforms. The Definitive Guide to Transportation Terminology to Stay on the Same Logistics Page. Manufacturing Metrics that Matter Most: A Comprehensive Checklist.

Agile and Lean Supply Chain

Freightos

APRIL 24, 2018

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight.

Freight

GlobalTranz

JULY 7, 2021

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. It includes brokerages and freight forwarders, but there comes a point at which simply outsourcing to a single 3PL or even several 3PLs grows too complex to handle.

3PL

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? ” Supply Chain Leader.

Procurement Analytics

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. The ride is uphill, but the visibility is low. What is normalcy? Tougher than most understand.

Supply Chain Planning Software

Talking Logistics

JULY 24, 2017

Achieving end-to-end supply chain visibility has always been (and remains) a top priority for companies, but over the past few years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. How does freight visibility impact OTIF? What’s driving this demand? What’s driving this demand?

Real-time Visibility

Supply Chain Shaman

MAY 13, 2015

Figure 1: Definition of the Supply Chain Organization. For clarity, let’s start with a definition. This work is typically periodic to accompany a freight bid or an end-to-end project. The focus is on the definition of business policy. I find it ironic. Companies talk about the need to be proactive, and agile.

Supply Chain Design Software

Supply Chain Shaman

SEPTEMBER 3, 2015

While forecast accuracy, if used well, can reduce safety stock, what I find in the study of the global multi-national is the rise of cycle stock due to increased item complexity, and the increase of in transit inventories due to longer freight lanes and longer cycles in ocean transportation. It takes training. However, it is worth it.

Waste Reduction

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

Optimal Sourcing

Supply Chain Shaman

OCTOBER 7, 2012

When I think of the definition of the word agility, I think of Gumby, pictured here. One of the largest issues for organizations to drive supply chain agility is the lack of a commonly held and well-understood definition. The other advice that I would give is get alignment on each supply chain definition. Defining Agility.

Supply Chain Design Software

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. By integrating the process of managing return logistics with supply chain systems, particularly the transportation management system (TMS), managers can see reverse logistics KPIs and metrics in real-time.

Reverse Logistics

The Logistics of Logistics

OCTOBER 8, 2012

Do not sign a SLA or contract with accompanying KPIs, without a professional review (3PL Consultant) and Legal Review.Insure that you stress a Cancellation clause.

Third Party Logistics

Arkieva

AUGUST 8, 2016

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Supply Chain News.

Sourcing Strategies

GlobalTranz

AUGUST 9, 2016

Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Create daily route designs, complete real time track and trace, generate real-time metrics , and complete daily problem solving. Measure Transportation Performance. Problem-solving methods.

Waste Reduction

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing

The Logistics & Supply Chain Management Society

JULY 23, 2020

To create flexible and balanced supply chain organisation, it is necessary to integrate strategy, processes, metrics, and technology enterprise wide and across customers, suppliers, and service providers. Rethink the definition of “critical risk” with a focus on business purpose and social responsibility.

Agile and Lean Supply Chain

Talking Logistics

SEPTEMBER 11, 2015

They also lack process controls and metrics. DAT Solutions Launches Freight Market Analytics Service. “Another crown jewel in this transaction is Con-way’s subsidiary, Menlo Logistics, an asset-light top 30 global contract logistics provider with additional lines of business in freight brokerage and managed transportation.

Logistics Network Optimization Software

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement

Supply Chain Matters

APRIL 20, 2022

Oracle has announced findings from a termed No Planet B corporate sustainability study that provides definitive data regarding viewpoints from customers and consumers on areas related to business sustainability and overall business ESR i nitiatives. Announced Survey Findings. This study, sponsored by Savanta, Inc.

Survey

Unleashed

JANUARY 16, 2024

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.

Cost Reduction Strategies

GlobalTranz

JANUARY 30, 2015

Is any portion of the data created by end users at the time of input within the environments of an organization or its providers and suppliers open to judgment calls in areas like classification, definition, estimations, or interpretations? The methods of evaluating metrics or developing KPIs vary significantly from company to company.

Transportation

The Logistics of Logistics

NOVEMBER 1, 2012

When evaluating a 3PL, the culture should definitely be considered. The best logistics companies use measurements (metrics, KPIs, etc.) There should be key process indicators (KPIs) for the most important aspects of freight including: cost, delivery, damage, late fees, billing issues, etc. Measurement.

3PL

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. Emissions factor heavily into the environmental, social, and governance (ESG) metrics investors care about, but carbon taxes are also on the minds of many executives. Weathering the Trade Policy Storm.

Predictive Analytics Software

Unleashed

JULY 25, 2023

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. The inventory turnover ratio measures how often stock is sold and replaced over time.

Inventory Reduction

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Performance.

Vendor Strategies

Logility

AUGUST 17, 2016

Aligning and integrating key performance metrics across the extended supply chain can be difficult. Definitely something every supply chain professional should want in their toolkit. Another value-added tool that should be looked at is multi-mode freight optimization.

Material Savings

SCMDOJO

JULY 3, 2023

In this course, you will explore various essential aspects, including the definition of Total Cost of Ownership, key considerations, the impact of the green economy, realities of the post-Covid supply chain, and a comprehensive cost calculation checklist. Total Cost of Ownership – Definition Lesson 2.

Purchasing Training

Enterra Insights

MAY 10, 2022

Bellini explains, “Plans are created so that they can be executed with real world variation, by structuring them with high levels of planned inventories, premium freight, expediting, and lead times, as well as staffing their execution with armies of planners, schedulers, and dispatchers. ” • Align to a Balanced Scorecard.

Supply Chain Planning Software

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! 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. These responsibilities are at the core of making your company run.

Negotiating Skills

Supply Chain Opz

JUNE 1, 2014

In order to compensate a long waiting time, Adidas uses air freight or courier service. Definitely, they use a computerized systems and electronic data interchange to connect the stores and the central processing system. - Intel ''s new product development is done by the process called Technology Roadmap.

Case Study

QAD

JUNE 17, 2021

Even without a global pandemic and its aftershocks, manufacturing supply chains are often brittle and can break easily when disruptions occur, leading to over- or under-utilized resources, premium freight costs, inventory write-offs, lost orders and faulty decision-making. Complete Customer Management.

Supplier Management

TMC

JULY 10, 2018

We recently participated in two conferences that both focused on this topic: Transparency 18 , a freight visibility summit hosted by FreightWaves, and the Gartner Supply Chain Executive Conference —Move to Mastery: Innovate, Disrupt, and Scale the Digital Supply Chain. Digital Transformation.

Supply Chain Transformation

Supply Chain Game Changer

FEBRUARY 19, 2020

Shipping Zone Definition. The cost to send a package is the metric most directly affected. A batch of orders are shipped by FTL or LTL freight to a delivery hub closer to the end consumers. Because freight shipping has lower rates, you reduce your overall fulfillment costs. This chart shows you zones only, not pricing.

Negotiating Skills

Logility

JUNE 28, 2017

Multi-mode freight optimization is another value-added tool that should be investigated by process chemical manufacturers. Definitely, something every supply chain professional should want in their toolkit. Aligning and integrating key performance metrics across the extended supply chain is difficult.

Chemicals

Supply Chain Collaborator

SEPTEMBER 21, 2015

Transport Topics reports cutting edge shippers are mining information about freight delivery and conditions to improve timeliness and quality of their service. If you cannot quickly and accurately answer the following questions, you’re definitely not ready to engage these cutting edge Big Data strategies.

Big Data

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. Freight bill accuracy. A metric that does what it says on the tin – measures the accuracy of freight bills.

Supply Chain Planning Software