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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?

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 ).

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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.

What Is Retail Consolidation?

CH Robinson Transportfolio

What Is Retail Consolidation & Is It Right for You? Handling ever-changing consumer and retailer demands can be overwhelming—especially if you’re working with multiple retailers across the country or the world. Maintaining inventory levels and optimizing order quantities, while keeping compliance requirements in mind, requires a strategic approach. What is a retail consolidation program? Retailer compliance programs are unique to each company.

The Reorder Point Formula: Everything You Need to Know

Unleashed

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Growing product businesses should manage their stock using reliable inventory management software.

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

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. A demanding distribution network comprised of producers, distributors and retailers. What is vendor-managed inventory? Maintaining optimum inventory levels.

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 . With the rapid rise in omnichannel shopping and the need to fulfill those orders quickly, retailers must balance inventory positioning, the labor cost to fulfill the orders, and transportation costs.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. 3) Ecommerce and Multi-Channel Retail. Retail and consumer.

Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. But even as developers have flooded the market with new inventory, some retailers are still having trouble finding adequate, flexible space. The post Excess Inventory?

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?

What Is Retail Consolidation & Is It Right for You?

CH Robinson Logistics

What Is Retail Consolidation & Is It Right for You? Handling ever-changing retailer requirements can be overwhelming—especially if you’re working with multiple retailers across the country or the world. If you’re currently shipping less than truckload (LTL) or underutilized truckload freight, a retail consolidation program might be the answer you need. What is a retail consolidation program? Retailer compliance programs are unique to each company.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

The next time you feel the need to toast someone, raise your glass to all the supply chain professionals involved in omnichannel retail operations. John McAteer, Vice President of Sales, Retail, and Technology at Google, writes, “In retail, there’s no space for standing still. Empowered by mobile, people can get exactly what they want instantly and effortlessly, and they expect retailers to meet their needs faster than ever before.”[1]

What Is Retail Consolidation & Is It Right for You?

CH Robinson Logistics

Handling ever-changing retailer requirements can be overwhelming—especially if you’re working with multiple retailers across the country or the world. If you’re currently shipping less than truckload (LTL) or underutilized truckload freight, a retail consolidation program might be the answer you need. What is a retail consolidation program? This helps meet any retailer compliance programs that may exist. How a strategic retail consolidation program works.

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. In fact, many big-box retailers are uncomfortable being more than 30% of a supplier’s revenue base. Specific Quality Metrics. Inventory Levels.

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?

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

With the implementation of API- and web-connected supply chain systems, businesses can manage their inventory and follow up on stock movement more easily and automatically. Various connections beyond API, like the use of Internet of Things (IoT) connected sensors, allow professionals to track products and their movement from the factory up to the retail store. Metrics and KPIs Supply Chain Supply Chain Data

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Fix Your Retail Supply Chain to Make the Last Mile Count

Logistics Bureau

If your company is trading in the fast-paced arena of omnichannel retail , this is one buzzword you really need to pay attention to. We’ll explain how to use your supply chain to improve your last-mile delivery service and make sure it differentiates your retail business from its competitors, depending on whether you plan to compete on cost or quality. Strangely enough, the asset that matters most here is the one which retailers often overlook completely—the human one.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

While FBA sellers weren’t held directly liable for this failure, thousands of FBA sellers were severely impacted when Amazon enforced last minute changes to their inventory storage policy just before the holidays. Amazon FBA Inventory Woes. The inventory that’s on the shelves and logged into the system is the inventory your 3PL warehouse can pick, pack and ship to your customers. Amazon FBA sometimes falls short in this crucial metric. Amazon FBA Inventory Swap.

9 Key Considerations in an Effective Last Mile Delivery Strategy

Supply Chain Game Changer

Obviously, shippers cannot track what consumers use their personal devices for all the time, but they can use metrics and Big Data to track what consumers are doing on their respective e-commerce sites. Retailer differences in SKUs and returns options for both e-commerce and brick-and-mortar store purchases can complicate the issue. Retail #ECommerce #SupplyChain #Logistics. E-Commerce Freight and Logistics Retail Supply Chain ECommerce Logistics Retail supplychain

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste!

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.

Sam’s Club Updates Appointment Scheduler and OTIF Standards

Zipline Logistics

Brands delivering to the big box store must adhere to OTIF standards to remain in good standing with the retailer. It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Download: Using Data to Drive OTIF and Retail Compliance Success. However, the remainder of the retailer’s DCs will make the switch by the end of March.

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The New Reality of Amazon FBA with Ephraim Ausch

The Logistics of Logistics

Ephram is a trusted advisor to retailers, ecommerce companies, and Amazon sellers. Ephraim started his career at a bulk candy company that had retail locations in New York. The new performance metrics were a result of carriers arriving late and or missing appointments.

How to Improve Your OTIF Score: 15 Tips for On-Time and In-Full Delivery

Zipline Logistics

Logistics is a critical function for CPG suppliers selling into big-box retail locations. Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. Most retailers share monthly or quarterly OTIF scores. The compliance standards are necessary as retailers work to compete with ecommerce.

Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

E-commerce spending will surpass $4 trillion annually by 2020, reports eFulfilmentService, accounting for approximately 15 percent of total global retail spending. Lackluster insight into freight spend and poor freight management controls. Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs).

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Despite worries over trade tariffs, consumers are in good financial shape, as the National Retail Federation forecasts holiday retail sales will grow between 3.8 Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos. A highly functional supply chain has increased visibility of freight, location of products, and inventory. Amazon is changing the game by outsourcing its inventory management.

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.

UPS Executive Shares Insights on Total Cost of Ownership in the Electronics Supply Chain

Supply Chain View from the Field

This distinguished gentleman happened to have just retired as President of Global Freight Forwarding, and prior to that, as President of UPS Asia Pacific. What are the metrics used to measure performance is part of the contract terms, especially around on-time service commitments. BRIC Supply Chain Global Distribution Global Supply Chain Inventory Management Retail Logistics Strategic Cost Management Supply Chain Management Supply Chain Strategy Supply Chain Systems

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.

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7 Questions to Help You Decide: Is Retail Consolidation Right for Your Business?

CH Robinson Transportfolio

Shippers with less than truckload (LTL), partial, or underutilized truckload often benefit by employing a retail consolidation program. If you can answer yes to one or more of these questions, a retail consolidation opportunity may be right for your business. Have your transportation costs to serve retailers been increasing? Retailers use compliance programs to improve efficiency and lower inventories, among other goals.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Supplier and Company Manufacturing facilities, Warehouses, Distribution Centres, Retail outlets, Return and Repair operations and Consolidation points are all Supply Chain nodes which use resources to perform their processing activities. The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Additionally there should be aggressive management of freight modes. Subscribe Here! Email Address.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement.

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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. This type of highly visible environment also allows data so that performance metrics can operate in a more efficient and powerful way.

Top 15 Logistics Blog Posts of 2014

Cerasis

To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. The Ultimate Guide for Effective LTL Freight Management : we put on a 60 minute webinar entitled, “Best Practices for Effective LTL Freight Management and Shipping.”

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.