Remove Freight Remove Inventory Remove Manufacturing Remove Metrics

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 that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Unreimbursed Freight. A high level of unreimbursed freight shows that the team is taking extraordinary measures to satisfy customers. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

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 ).

The Importance of LTL Freight Management in your Supply Chain

CH Robinson Transportfolio

You need a less than truckload freight management strategy. Why is LTL freight management important to your supply chain? Leveraging a suite of solutions for less than truckload (LTL) freight has become the cornerstone of successful supply chain strategies.

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

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. cuts inventory costs.

Lean 263

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

Guest Post: Ignoring this Performance Metric is Risky

TMC

A major freight company employs a team of meteorologists that works closely with its flight dispatchers and contingency coordinators, for example. Companies can then prioritize their mitigation efforts based on parameters such as value-at-risk, customer importance, and field inventory. When Cisco saw news of wildfires in Colorado in 2012, it wasn’t concerned, because it had no manufacturing or suppliers in the area.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

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. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. the digitisation of manufacturing. Ambient and/or temperature-controlled storage of supplier freight.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. In manufacturing, I became good at labor bargaining. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts.

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

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. California Sustainable Freight Action Plan.

[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. Our job at Cerasis is to optimize transportation management for these manufacturing shippers so that in turn, they can focus on their own core, the process of manufacturing. We relay on guest bloggers and the expertise of others for manufacturing best practices.

Writing: Working on My Book

Supply Chain Shaman

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. 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?

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. 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.

10 Issues Keeping Manufacturers and Distributors Up At Night for 2015

Cerasis

As we get settled into this new year, we thought we’d share observations from conversations we’ve had with manufacturers and distributors recently. In fact, in order to combat these ever pressing issues and competition, we recently shared our insights on trends for 2015 facing manufacturers and distributors on the Cisco-Eagle Blog. Rather than Count Sheep, Manufacturers and Distributors Should Face these Issues. Manufacturers are also doing more to influence end-customers.

How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

Posted by Abhay Dhall, Associate Consultant (Manufacturing Vertical), Infosys Limited In my previous blog , I spoke about the need for companies to create a value stream map for their processes in order measure, control & improve their processes. There are some important metrics which help make informed decisions on improvement initiatives. A basic yet powerful metric that usually is a good indicator of operating performance of a manufacturing business is the cycle time.

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. The dedicated TMS can further eliminate the frustrations that occur with typical full-truckload (FT) shipments and small package freight by combining all KPIs and available options into a single, comprehensive tool. Overall Costs of Less Than Truckload Freight Shipping. Few shipping processes can be more complicated than managing Less than truckload freight shipping.

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?

Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

Through this guest blog series, my intent is to share some of my experiences implementing supplier quality and Lean manufacturing initiatives by focusing on eKanban systems. My first post offered advice for planning an eKanban rollout (advice that could be applied across any Lean manufacturing project). Too often, I see manufacturers get excited about the destination of best-practice process improvement without carefully considering the starting point. Freight costs.

The Story Continues…. Let’s Don’t Sugar Coat the Real Issue

Supply Chain Shaman

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. I don’t think that the ports are up to the challenge of moving the high-levels of freight with larger ships without rethinking unloading space, equipment and flows. There is a need to re-shore where possible, and relocate manufacturing and supplier relationships.

‘Best in Class’ Supply chain from a Road warrior perspective – Part 3

Kinaxis

Which metrics are most important? Everyone would agree that the big buckets of metrics are Service, Revenue, Inventory (Cash), and Cost, which support your company’s strategic goals. In Part 1 , I wrote about company culture and making decision trade-offs using metrics, alignment of objectives, and the need to measure past, present and future performance. Why not let the order fulfillment representative understand how they may be affecting inventory?

How to Get a Job in the Supply Chain Sector

Logistics Bureau

Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. They also need to keep a check on inventory levels and identify obsolete stock.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. Subscribe Here! Email Address.

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? This means that a near-majority of companies are faced with the pitfalls of internal, low-guidance systems for managing both inbound and outbound freight. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking. In other words, the term, “metrics,” can be deceiving.

Doing Business in Belgium

QAD

Manufacturing in Belgium. Typical manufacturing products made in Belgium include engineering and metal products, automobile assemblies, transportation equipment, scientific and precision instruments, chemicals, pharmaceuticals, textiles, glass, petroleum and food and beverages. Manufacturing accounts for about 22 percent of the GDP. Supply Chain Infrastructure for Manufacturing. The seven registered air freight carriers in Belgium carried 1.4

What Is Retail Consolidation?

CH Robinson Transportfolio

Maintaining inventory levels and optimizing order quantities, while keeping compliance requirements in mind, requires a strategic approach. If you’re currently shipping less than truckload (LTL) or underutilized truckload freight, a retail consolidation program might be the answer you need. Activities such as these help the retailer improve efficiency, lower inventories, focus on an omni-channel approach, and respond most effectively to the consumer’s demands.

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.

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. When you create your Sales, Inventory, Operations and Production Plan (SIOP) monthly, or more frequently, invite your top Suppliers and Customers to the SIOP meeting.

Lean 263

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure? The Many Types of Inventory Management Technology.

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Inventory Management they also did a lot of benchmarking and highlighted deficiencies in our processes. While they did a lot of analyses however they were primarily focused on internal cycle times and manufacturing efficiencies. Poor metric performance (eg.

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. The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. Manufacturing/Operations. Subscribe Here! Email Address.

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

The Logistics & Supply Chain Management Society

As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. Optimize global manufacturing capacities : Carry out a structured view of Mfg capacities by each plant, self as well as outsourced.

Letter from the CEO: Coronavirus Market Update

Transplace

Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. to Asia export bookings especially in markets with low container inventory. VLSFO (Very Low-Sulfur Fuel Oil) $315 per metric ton 3/12 comparted to $740 per metric ton in January 2020 = 57% decrease. Letter from the CEO: Coronavirus Market Update.