The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

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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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

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. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

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.

A Lesson on the Freight Market: Four Standout KPIs

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the October 2020 Freight Market Index report. It is always with great anticipation that I await the arrival of the BluJay Freight Market Insight report.

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

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. By 1985, the Baltic Exchange published its first daily dry bulk freight index. However, the industry remains incredibly opaque.

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . However, despite formidable challenges, the logistics industry has been anything but stagnant. Dr. Schreiber concludes by covering the players (from startups to billion-dollar companies) and the trends changing the industry.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . Michael provided a number of great suggestions, along with related KPIs, for how companies can start to analyze their freight spend.

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . However, despite formidable challenges, the logistics industry has been anything but stagnant. Dr. Schreiber concludes by covering the players (from startups to billion-dollar companies) and the trends changing the industry.

How Quickly Things Change: April Freight Market Index Commentary

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the April 2020 Freight Market Index report. Before looking into BluJay’s quarterly metrics, JBF Consulting and BluJay want to recognize the devastating impact of COVID-19. The impact of COVID-19 was not felt until March and initially, the result was a surge in freight volumes as consumers stocked up in preparation for quarantine. The Sensitivity of Freight Transport to Economic Volatility.

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

Cerasis

Since today is the last day of the year before we all get ramped up towards a productive 2016 and after finishing out top 10 most read articles in each of our five main categories ( Manufacturing , Supply Chain , Logistics , Transportation , & Freight ) we wanted to give you all a treat and list the top 50 most read articles of all time from the Cerasis blog. 8 Most Common Reasons Why You May Receive a Freight Claim Declination Letter. Happy New Year!

Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete

Cerasis

That rate fell well behind other nations competing against the United States in high-tech industries. Slacking productivity in these industries implies that the U.S. factories as proof that the United States remains competitive in advanced industries. We need actual growth in our ability to compete in the most advanced industries.

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. This work is typically periodic to accompany a freight bid or an end-to-end project. Figure 3 is a good overview of the current state of network design in the industry. I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? How much are you spending to move 100 pounds of freight? These are examples of metrics that may or may not support your goals.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Mobile Access to KPIs and Metrics.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. The report also mentions that the global growth rate is almost double that of the US food industry. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Prepare for 2020 by Reviewing Five Important Shipper Metrics in TMS

Supply Chain Collaborator

If your solution meets these criteria, here are the top five important metrics your transportation data can illuminate, providing operations with effective plans for the coming New Year. With the entire transportation industry being pushed toward achieving Amazon-style levels of track and trace capabilities, on-time pickup and delivery performance has never been more closely scrutinized. Review this metric to ensure you can deliver on your ETAs for customers in 2020.

Key Ingredients to Formulating a Winning Supply Chain Strategy in the Process Chemical Industry

Logility

Aligning and integrating key performance metrics across the extended supply chain can be difficult. Another value-added tool that should be looked at is multi-mode freight optimization. This industry “best-practice” produces the best possible carrier selection decisions while considering constraints such as rates, equipment availability, dynamic pooling, carrier performance, and more. Process manufacturers face a highly complex supply chain challenge.

9 KPIs to Track for Proper Freight Management

Cerasis

Most industry experts rate the cost of logistics as very costly. However, if you know what critical freight management KPIs or key performance indicators to track, you can know exactly how to change processes to decrease costs, which will result in savings for the end user. According to a National Cooperative Freight Research Program report, Performance Measures for Freight Transportation , the following graph breaks down how other respondents rate the cost of logistics.

7 Freight Costs Considerations That Will Have Shippers Rethinking In-House Transportation Management

Cerasis

Freight costs are eminently controllable, however, efficiently managing this major budget item requires expertise. For the company determined to try, it is critical to maintaining constant guard on cost controls at every turn in every transaction, a daunting proposition for most companies whose competencies are not developed with optimal freight costs control as a core area of focus. The freight manager attempting to operate without this authority cannot be ideally effective.

Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

” Similar transformational patterns have also been seen in the transportation industry. There’s been a shift from executing daily freight transactions to integrating top-level corporate planning and procurement strategies. To build a competitive chain supply management, here are strategies you may need to incorporate if you’re looking to elevate freight management in your organization.

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Q4 2020 Freight Market Update: Preparing for 2020 Peak Season

Zipline Logistics

The past three quarters have been anything but typical for the freight market and the domestic economy at-large. The arrival of COVID-19 sent freight volumes skyrocketing to keep up with panic buying at retailers nationwide. What Is Driving the 2020 Freight Market?

Inbound Parcel Freight: What Are the Top Considerations for a Shipper?

Cerasis

Managing inbound parcel freight has increased in complexity with the global rise of e-commerce. Amazon has mastered inbound parcel freight management as part of its third-party marketplace, and small and mid-sized shippers are struggling to keep up. While part of the larger scheme for global economic growth, inbound parcel freight has become a top priority for shippers. What’s Causing Problems With Inbound Parcel Freight Management?

How BluJay Can Help: Free Freight Market Index Reports

BluJay Solutions

Even more important is data in context, which is why BluJay will provide our Freight Market Index (FMI) for free over the next 90 days. . In less than two weeks, our April 2020 Freight Market Index report will show America’s earliest transportation market data points reflecting the impact of COVID-19, across the industry’s most robust range of rate, performance, and service KPIs. Uncategorized Carriers FMI Freight Market Index Shippers

[INFOGRAPHIC] Optimize Manufacturing Operations with these 5 Golden Manufacturing Metrics

Cerasis

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. Benchmarking yourself against others in the industry is a good starting point.

Sustainable Logistics Practices Can Serve as a Differentiator for CPG Brands

Zipline Logistics

Finding Freight Consolidation Opportunities. Freight consolidation offers a multitude of benefits to CPG vendors. Tracking Key Metrics to Drive Performance Improvement . Blog Post Data and Technology Industry Trends

BluJay Launches Industry-first Freight Market Index, Powered by Transportation Network Data

BluJay Solutions

Holland, MI – November 7, 2019 – BluJay Solutions , a leading provider of supply chain software and services powered by the world’s first Global Trade Network, announces the launch of the Freight Market Index , a monthly report providing transportation market intelligence for shippers, carriers, and industry professionals. About one in 50 trucks of domestic over-the-road freight transacts through BluJay’s TMS.

[e-Book] The Ultimate Guide to Last Mile & White Glove Logistics

Cerasis

Last mile e-commerce, last mile technology, last mile metrics and white glove services make standard shipping conversations seem like child’s play, and the new focus on the last mile is anything but. Leveraging Metrics, Shippers Find Better Ways to Excel at Customer Service and Last Mile Services. New Last Mile Logistics Trends of Pushing the Logistics Industry Forward As a Whole. Freight Last Mile Logistics Transportation Management last mile and white glove

Why CSR-centric Brokerages are Leading the Industry

Parade

To be a successful CSR, they must balance the following activities: Relationship-building + customer success: sales reps bring shipper customers in, but CSRs keep them and build the brokerage's industry reputation. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight). Meet Everett Johnson, founder and owner of Credence Logistics (CL).

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The concept of fourth-party logistics has existed for some time but only truly began evolving with the arrival of Industry 4.0—the 4) Industry. Unloading of local freight and de-stuffing and palletising of international freight. Phoenix Freight: 3PL and 4PL Provider.

Why CSR-centric Brokerages are Leading the Industry

Parade

To be a successful CSR, they must balance the following activities: Relationship-building + customer success: sales reps bring shipper customers in, but CSRs keep them and build the brokerage's industry reputation. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight). Meet Everett Johnson, founder and owner of Credence Logistics (CL).

Freight Transportation: From Lucy with the Football to a Precarious Equilibrium

BluJay Solutions

Freight transportation professionals have become so used to the abnormal that normal times seem a bit unusual. Freight budgets were blown as shippers scoured the Earth looking for carriers to haul their goods. The latest GDP numbers seem to indicate the threat of a US recession is receding and consumer spending is holding up well, even as industrial growth has sputtered. Click here for more information or to subscribe to the Freight Market Index report.

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Preparing Your Supply Chain for Capacity Challenges

Transplace

It’s a fascinating time in the logistics industry. Shippers (or their 3PL partners) may have a core carrier base that may be managing up to 60-80% of their freight. Data, Metrics and Communication. In order to reach true network optimization, shippers need to utilize the right analytics and business intelligence, and there are a few key metrics that help paint an overall picture. Preparing Your Supply Chain for Capacity Challenges.

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.

Tips for Retailers (And All Shippers) to Overcome the Amazon Effect

Cerasis

The Growth of Parcel Shipping on the Rise Thanks to the Amazon Effect Overall, parcel shipping is growing at a robust 10-percent clip as all other freight modes are basically flat, growing at a very modest 1 percent. retailers conducted by NRF and Forrester Research surveyed the key metrics of 195 apparel, footwear, general merchandise, home furnishings and personal care retailers, and determined that the average cost to fulfill an order is $10 (shipping + fulfillment costs).

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