The Logistics of Logistics

OCTOBER 8, 2012

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

The Logistics of Logistics

JANUARY 26, 2016

Below are five KPIs to closely monitor in your warehouse: 1. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. When you can account for inventory down to the item, you can better respond to customer needs. Are you backlogged?

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. It measures the amount of elapsed time from when an order is accepted to when the product is produced and entered into finished goods inventory. Outbound KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. There was no air freight possible then into Europe,” added Gerald van den Eijnden. Molex Realizes it Needs Better Visibility.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

The Logistics of Logistics

APRIL 6, 2013

It states that certain KPIs in this QBR are to be negotiated/reviewed monthly. Sometimes, the Logistics provider has their own SLA/KPI that they want to use with any customer, but negotiation is still in order. Some Logistics providers use time/percentages to implement the SLA/KPI based on the customer’s volume. Turnaround time.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

BlueYonder

MARCH 15, 2024

Accelerated Planning Every area in the supply chain is invested in accelerating its own plans and meeting its own KPIs already, but there’s no point in innovating and optimizing one area of planning if stakeholders are not considering the ripple effect in other areas. But an important question to consider is, does it have to stay expensive?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 52

Intelligent Audit

NOVEMBER 3, 2022

In today’s world, shippers often use a combination of carriers, last-mile deliverers, freight brokers, and third-party or private fleets. To achieve freight optimization , shippers need a better understanding of the best carriers for each shipment, the optimal modes, services, and ship-from locations.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

GlobalTranz

JULY 7, 2015

This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. Pulling data from KPI helps your reverse supply chain system run fast and effectively when embarking on the disposition process. Improved transparency of the status of the returned item.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

Intelligent Audit

OCTOBER 27, 2022

What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? . Shippers can get a handle on their expenses by tracking freight invoices and improving their logistics strategy. . Inventory Predictions. Freight Audit in Multiple Modes. One solution is to turn to big shipping data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Unleashed

JANUARY 5, 2021

Inventory management is a critical function of any business, with drastic implications on profit margins. Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. What is inventory turnover? Average inventory?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

Savi

OCTOBER 29, 2019

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Given that most freight is transported over the road, this is a serious concern.

Packaging 45

Packaging Real-time Visibility Analytics Software Internet of things 45

EazyStock

SEPTEMBER 25, 2018

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. EazyStock – Inventory Optimization Software. Fancy KPI dashboards show you how you are stacking up month to month and call out areas where there is room to cut costs.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

The Logistics of Logistics

JANUARY 24, 2013

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. The newest logistics KPI is customer service.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). The best KPIs for measuring these four attributes are: 1.)

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Logistics Bureau

JUNE 12, 2017

Very few are actually ‘designed’ What that means of course, is that most Distribution Networks become miss-aligned over time and this leads to excess inventory, excess costs and poor customer service. It’s a question of matching the right level of KPIs, to the management level in the organisation.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Planning Software 40

6 River Systems

FEBRUARY 22, 2019

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system. Once the method is working, standardize it. Robin Schwartz, PHR.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain Opz

JUNE 1, 2014

In order to compensate a long waiting time, Adidas uses air freight or courier service. The answer is that they use the multi-echelon inventory model to solve the problem. They use the global level KPI to ensure that each player in the same supply chain is measured the same way. Many industries try to imitate Dell''s success.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

The Logistics of Logistics

NOVEMBER 12, 2021

From inventory counting drones, robotic automation, human exo-skeletons, and virtual reality applications – these were just a few of the many solutions they regularly explored. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. Learn More About Is Sustainability Really a Problem.

Sustainability 130

Sustainability Logistics Network Optimization Software Inventory Reduction Supply Chain Software 130

The Lean Supply Chain

AUGUST 5, 2015

The more KPIs, the more difficult the negotiation process. It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. Without an SLA/KPI there is no way of measuring the performance of both parties. If not, why not?

Negotiating Skills 40

Negotiating Skills Logistics Network Optimization Software KPI Six Sigma 40

Unleashed

FEBRUARY 28, 2023

It can also be an important productivity key performance indicator (KPI), used to track progress and highlight areas where more training or better equipment may be required. Although receiving efficiency is itself a KPI, other metrics can also assist in measuring how optimally your business receives goods.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

GlobalTranz

MAY 7, 2018

Today, with omnichannel pressures and a drastically different retail environment, stores are working hard to eliminate excess inventory and penalize vendors for early (and late) deliveries. Direct Consumer Impacts USA Today reports that a severe shortage of truckers is pushing up freight costs and, in turn, nudging up retail prices.

Capacity 120

Capacity Optimal Sourcing Vendor Strategies Price Reduction 120

Turvo

FEBRUARY 17, 2021

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. ” Using real-time freight analytics effectively can be a game-changer for companies. ” Using real-time freight analytics effectively can be a game-changer for companies. It’s a win-win for everyone involved.

Real-time Visibility 56

Real-time Visibility Prescriptive Analytics Software Predictive Analytics Analytics Software 56

GlobalTranz

FEBRUARY 16, 2015

Visibility : A TMS makes it easier for a logistics manager to have freight visibility along the way so that everyone involved, including the customer knows exactly where the shipments are at any time. Measurement : Most TMS have a logistics key performance indicator (KPI) reporting function that makes it easy to measure performance.

Transportation Management 120

Transportation Management Supply Chain Network Software Expense Reduction System 120

SCMDOJO

MARCH 25, 2022

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. All road and rail freight duties and regulations regarding the entry of road carriers are under the jurisdiction of the International Chamber of Commerce. Inventory optimization Tool.

Supply Chain Planning Software 134

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 134

Zipline Logistics

JUNE 30, 2020

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. It may be the dimensional weight of the shipment.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

6 River Systems

OCTOBER 12, 2020

We follow a stringent procedure to organize inventory in our warehouses. This approach tends to lead to a quicker and easier supply chain with inventory in transit for only a few days compared to a month’s inventory in an ocean container, and then another two to three weeks to clear customs. Efficient warehouse operations.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Unleashed

NOVEMBER 20, 2023

Often, we end up asking the partner in Germany or Spain or somewhere, ‘Can you air freight this? So we implemented an inventory management system for them. That reduces the amount of inventory space, handling, and logistics on individual small orders.” We’re a distributor for a Korean partner.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

GlobalTranz

DECEMBER 28, 2015

We write to five main categories on the Cerasis blog: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. From securing inventory to transporting goods from Point A to Point B, 3PL are taking over as in-house logistics teams fall flat. But the picture is not all that bad. Read the full article here.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Third Party Logistics 3PL 120