Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. While most metrics stop at the output level, multiple layers of metrics in a Hoshin Plan actually determine if you’re even focusing on the right targets. A sense of complacency can lurk behind benchmarks.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had. Today, three out of four companies greater than 10B$ have a network design group that averages seven people. The design efforts are usually coordinated by a central group like a Center of Excellence. This work is typically periodic to accompany a freight bid or an end-to-end project.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. Uber Freight: Transportation Facility Brand Managers. The same ratings and reviews also are available to shippers within Uber Freight’s shipper platform.

This Week in Logistics News (March 4-8, 2019)

Talking Logistics

Providers of real-time freight visibility solutions. Back in July 2017, I interviewed Bennett Adelson, the former CEO of MacroPoint (which was later acquired by Descartes Systems Group, a Talking Logistics sponsor) about OTIF and how it is driving demand for visibility solutions. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson.

This Week in Logistics News (May 27-31, 2013)

Talking Logistics

Transplace Selects New Equity Partner Greenbriar Equity Group. On the 3PL front, Greenbriar Equity Group LLC acquired Transplace from an affiliate of CI Capital Partners, who together with Transplace’s management team bought the company from its original owners in 2009. Under CI Capital Partners, Transplace made several acquisitions to grow its business and service footprint, including Celtic International, SCO Logistics, and Torus Freight Systems (now Transplace Canada).

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Part of the Woolworths group, Primary Connect operates a vast national distribution network comprising road, rail, ocean transport services and, like many 4PL providers, makes use of 3PL storage facilities. Unloading of local freight and de-stuffing and palletising of international freight.

What is LTL Shipping?

SupplyPike

LTL freight carriers normally transport small shipments of freight from many companies. When companies opt for LTL shipping, they are charged for the section of the semi-truck that their freight takes up. LTL shipments can contain one to six pallets, cases, large bundles, or other units for loading that still leaves space for more in the freight carrier’s cargo. This method is ideal for freight shipment ranging from 150 to 20,000 pounds. Freight Class.

Freight Market Index: Transportation Market Insight To Thrive Beyond Today

BluJay Solutions

As we kick off 2020, financial and freight industry analysts are busy reading the TL market tea leaves. Freight operations that were unable to effectively manage through the recent turmoil have left more than a few careers in tatters. A careful inspection of the BluJay Freight Market Index (FMI) report shows that shippers who develop operating plans that don’t take into account the realities of the trucking cycles are putting their businesses at risk.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? A Peerless Research Group (PRG) report indicated that up to 44 percent of supply chain entities do not actively have plans in pursuing or using a transportation management system (TMS), such as the Cerasis Rater. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking.

Takeaways from Descartes Evolution 2019

Talking Logistics

One of my first clients back in 1999 was Descartes Systems Group. This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Descartes Systems Group Revenue 2006-2018 (Source: macrotrends).

DAT Freight Broker Benchmark: 41% More Load Volume Yields 78% Higher Revenue

DAT Solutions

Monthly revenue rose 78% for freight brokers in May on a 41% increase in load volume, to set new records for those two metrics. This benchmark report draws data from an aggregate of more than 100 freight brokerage companies, whose 2017 average annual revenue of $19.5 Average revenues for the group were 69% higher in the first five months of 2018, compared to the same period last year.

Launching the Freightos Baltic Index (FBX) for Daily Rates

Freightos

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.

Freight Brokers Earn $62 Per Load in October, a 2-Year High

DAT Solutions

A net profit of $62 per load is the highest result achieved by mid-sized freight brokers for at least two years. The graph below reveals that October was a record month for brokers' financial performance per load, among other metrics. The same group suffered a net loss per average load in December 2016 and January of this year, repeating a pattern from the previous winter. The core group of benchmark data contributors averaged over $2.1

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

I don’t for one second deny that the companies on the list have great supply chains, but there are so many advances in Supply Chain technology, talent, skills and capabilities that it is hard to believe that all of this excellence is restricted to the same group of 20 companies year after year after year. By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. Gartner Survey Metric Notes: 1.

How to Dispute Walmart OTIF Chargebacks

SupplyPike

One of two situations need to occur: Walmart didn’t pick the shipment up on time Walmart Freight didn’t drop the shipment off on time. Business Name(s) First Name Last Name Email address – must be user specific, i.e. no group emails Time zone Business phone number City State Zip code Country High Radius is also available on Retail Link: Retail Link ? Freight Shipping chargebacks disputes high radius otif Walmart OTIFWant in on a little secret?

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. When the organization is truly dysfunctional each of these functions works at cross purposes, finger pointing as to the deficiencies of other groups, and basically undermining the ability of the overall company to succeed. Subscribe Here! Email Address. Check out What Exactly Is Supply Chain Management?

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

And since so many aspects of supply chain management affect both customer experience and financial metrics, supply chain innovation efforts need to take these factors into consideration too. Achieving end-to-end supply chain visibility has always been (and remains) a top priority for companies, but in the past couple of years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. Source: Evan, Flikr. “I

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Insufficient metrics employed by many business leaders often reflect only on areas like production labor efficiency and equipment usages—focusing inordinate amounts of emphasis on improvement in these isolated areas and failing to identify performance issues throughout the company. In addition, establishing a well-rounded set of metrics, set up self-monitoring metrics that hold individuals accountable for tracking their own levels of participation in the lean program.

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Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

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. They found 2 Leader groups with nearly identical truckload performance ratings. 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%).

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For each weakness or issue, provide instructions on how to avoid delays and ensure adherence to appropriate carrier selection and freight classification. Volume and weight should be classified appropriately into one of four groups, including the following: 1 to 150 pounds or small package.

Best Practices & Tips to Maximize Warehouse Space

Veridian Solutions

That does not mean putting multiple items with different SKUs in the same bin, but similar items should be grouped in the same area. Furthermore, group items together based on the frequency of orders, such as cleansers and wash rags. Furthermore, the use of a WMS can streamline inbound freight management, including put away, reducing the problems associated with leaving inbound freight on the dock for an excess amount of time.

What is the FMSCA’s Unified Registration System (URS) And What is the Impact on Transportation & Logistics Management?

Cerasis

All freight forwarders, freight brokers, motor carriers, which includes private and for-hire motor carriers of passengers and freight, IEPs , and cargo tank manufacturing and repair facilities under the jurisdiction of the FMCSA are going to be required to register with this platform. For small to medium-sized shippers, this is another metric that is going to be required to be obtained, but may simplify the overall process.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Air Freight — Transportation of products via air transportation methods. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Chargeable Weight — A shipment’s weight that is used to determining freight pricing.

The 5 Benefits of Hybrid SaaS TMS

Cerasis

To be clear, at Cerasis, our TMS, the Cerasis Rater , is not a pure SaaS TMS offering, only due to the fact that we also offer services that happen outside of the TMS such as carrier relations & rate negotiations, freight accounting services, freight claims, and other services. Each user will benefit because they have access to a better grouping of applicable, accurate information.

Low Tech Can Still Deliver High Returns

TMC

Team members update their colleagues on current issues, work load, and raise any questions they want to bring to the group’s attention. A key part of our daily discussions is customer KPI metrics. Team members who are responsible for specific KPIs are expected to keep the group updated on the performance of the metrics they manage on behalf of customers and flag challenges that need to be addressed. Low Tech Can Still Deliver High Returns.

KPI 48

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a White Paper entitled, “ Hidden Risks and Costs in an Offshore Supply Chain.” In this new white paper from The Rodon Group, they’ll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. History lessons may be great for business school students to ponder in case study groups. Provide supply chain partners with KPIs and metrics to help them improve service levels and better meet your expectations.

Best Practices to Improve Your Truckload Service and Price

TMC

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. They found that common attributes of Leader groups include: A rationalized truckload carrier base. Research found that the two Leader groups worked with averages of seven and 30 suppliers, respectively, while Laggards worked with an average of 45.

Best Practices to Improve Your Truckload Service and Price

TMC

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. They found that common attributes of Leader groups include: A rationalized truckload carrier base. Research found that the two Leader groups worked with averages of seven and 30 suppliers, respectively, while Laggards worked with an average of 45.

Green Future of Freight [Infographic]

Freightera

Please share this infographic on you site by copying and pasting the code below: Source: The Green Future of Freight – An infographic by the team at Freightera. FREIGHT SHIPPING EMISSIONS TODAY. Heavy-duty trucks account for the dominant share of all logistics-related greenhouse gas (GHG) emissons: Road freight: 57%. Ocean freight: 17%. Air freight: 9%. Rail freight: 6%. Global Freight Transport produces 10% of Greenhouse Gas Emissions.