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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 ).

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 . We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts.

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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.

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. This work is typically periodic to accompany a freight bid or an end-to-end project.

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

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.” ” Similar transformational patterns have also been seen in the transportation industry.

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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.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

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.

Sustainable Logistics Practices Can Serve as a Differentiator for CPG Brands

Zipline Logistics

Sustainability is an often-discussed concept that can be a reliable source of differentiation for CPG manufacturers. Now, when most think of sustainability, they think of ethical sourcing or environmentally friendly packaging. Finding Freight Consolidation Opportunities.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

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. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. Foster future economic growth within the freight and goods movement industry.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Every industry has its own set of terms that are exclusive to the space. There are hundreds of logistics terms that make up the industry’s language. 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. Freight Bill — The invoice for a carrier shipment.

The emerging shape of recovery

SupplyShift

Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. At the same time, the collapse of demand for goods is threatening the viability of shipping firms, according to the Financial Times , which notes the compounding difficulties of reduced air freight capacity and quarantine restrictions on ocean vessels. Climate Industry Trends Supply Chain Management

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

Talking Logistics

req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Uber Freight: Transportation Facility Brand Managers. As reported by Transport Topics , “Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities.”

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.

This Week in Logistics News (July 15-19, 2013)

Talking Logistics

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Con-way Freight announced this week that it has enhanced its Mexico service offering with the introduction of real-time, door-to-door online tracking, a 24-hour Customer Resource Center and new web tools for tendering and managing shipments moving to and from Mexico.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. It’s the reason why On Time In Full (OTIF) is a critical supply chain metric today. Digital Freight. I think I have personally looked at no less than 50 digital freight companies.

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

Supply Chain Game Changer

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? It could be based on Innovations made, true industry specific benchmarks, Supply Chain capabilities, etc. Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Subscribe Here! Email Address.

Letter from the CEO: Coronavirus Market Update

Transplace

Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. Many shippers are seeing surge capacity, especially in the CPG industry (water, cleaning supplies, paper products, shelf stable, and other food items). Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Chinese industrial activity is increasing. Letter from the CEO: Coronavirus Market Update.

4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

Whether you're trying to keep up with customer expectations or align with new industry standards, implementing a sustainability program is an absolute must. Even more challenging is establishing goals and metrics for this ever-moving target. Start at the sourcing phase, move into the assembly line, observe the transaction period between the customer and your company, and end at the customer’s final experience with your brand. Hospitality Healthcare Commercial Industrial

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Low cost sourcing is a predominant reason for this geographically dispersed network. Do they have a plan to get all of their energy needs from sustainable and renewable sources? Additionally there should be aggressive management of freight modes. Ocean freight or Rail travel are better environmentally than planes for instance.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

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. Identify sourcing plant/s which can back-up each other in times of disruptions.

Doing Business in Belgium

QAD

Industrial production is growing at about.2 percent annually as of 2017, making Belgium the 168 th country in the world for industrial growth rates. Other Important Industries. In addition, Belgium has become a hot spot for the growing Biotech industry with big focus on research, startup clusters and medical trials. 36 percent of Belgium’s energy consumption comes from renewable sources, making it the eighth country in the world for renewable energy production.

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. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends.

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

For organizations that source products from suppliers in remote regions, blockchain can provide clarity in an otherwise murky journey from harvest to retail. billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons).

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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). Based on the analysis of supply chain improvement (as measured by the Supply Chain Index ) and supply chain performance, we ranked the supply chain leaders by industry. The results for the high tech and electronics industry is shown in Figure 1. What suppliers need help with cost (LEAN, labor, freight,…)?

The Flexibility Test

BluJay Solutions

Guest commentary by Adam Gray, JBF Consulting – as provided for the July 2020 Freight Market Index report. Freight volumes initially spiked, then dropped significantly. Their needs for tomorrow are based on the freight of today.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize. The methods of evaluating metrics or developing KPIs vary significantly from company to company.

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.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. Creating more sustainable logistics is even more important for the trucking industry. While trucks have a smaller carbon footprint/kg/km than air freight, the enormous volume of truck freight explains why reducing the carbon footprint is a priority goal.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates.

3 Components to a Complete Lean Transportation Management System

LeanCor

We understand competitive factors in the transportation industry and use them to drive decision making. We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. In addition, they need to commit to create daily route designs, complete real-time track and trace, generate real-time metrics, and complete daily problem solving. We track shipments in a way that provides sufficient visibility to our freight at all times.

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Focus on how transportation could be your strategic differentiator in the industry. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. “ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo.

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Guest Commentary: P.O. Management Programs – Know Pain, Know Gain!

Talking Logistics

Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Sourcing uses P.O. performance metrics to influence vendor behavior and impact sourcing choices. As performance reporting metrics capture vendor performance, the company can substantiate penalties for noncompliance and poor performance, recognize or reward high performers, and incent positive results and consistent behavior.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution.