Remove Freight Remove Inventory Remove Metrics Remove Trends

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.

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. 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.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. At the height of the pandemic-linked supply chain disruptions, Amazon set the bar extremely high for other 4PL providers, despite initially experiencing inventory shortages.

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. This trend gathered steam last year thanks to a warehouse vacancy rate of 4.3% per square foot—the highest level since it began tracking the metric in 1989.

Three Mega Trends Driving Supply Chain Transformations

TMC

We recently participated in two conferences that both focused on this topic: Transparency 18 , a freight visibility summit hosted by FreightWaves, and the Gartner Supply Chain Executive Conference —Move to Mastery: Innovate, Disrupt, and Scale the Digital Supply Chain. We see three mega trends that are driving both growth and interest in the industry. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H.

Three Mega Trends Driving Supply Chain Transformations

TMC

We recently participated in two conferences that both focused on this topic: Transparency 18 , a freight visibility summit hosted by FreightWaves, and the Gartner Supply Chain Executive Conference —Move to Mastery: Innovate, Disrupt, and Scale the Digital Supply Chain. We see three mega trends that are driving both growth and interest in the industry. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H.

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.

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. 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? In my experience this has been a powerful metric to generate profound change. I have come across customer service metrics and fulfillment metrics that overstate performance.

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?

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.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

Take a moment to think about how these remaining six trends will impact the shipping and freight industry as a new administration takes control. Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog. Thus, management teams must have access to immediate freight and shipping rates and information, allowing better consolidation and optimization of incoming and outgoing shipments.

The emerging shape of recovery

SupplyShift

The service economy is showing signs of life , and data reported to the SupplyShift platform show supplier sentiments are trending in a positive direction. Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. This Morgan Stanley analyst expects the trend to accelerate with bond financing and green requirements for stimulus funding.

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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.

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. e-Book] The Digital Supply Chain: The Landscape, Trends, Types, and the Application in Supply Chain Management.

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

Supply Chain Game Changer

Check out 5 Trends in the Gartner Hype Cycle for Emerging Technologies. I always find it interesting to see the list, to see who came out on top, and to hear what their views are on prevailing trends. Inventory Turns 3. (10%). Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Subscribe Here!

How Supply Chain Efficiency Can Cut Costs for Food Ingredient Shippers

Zipline Logistics

Pragmatic analysis can uncover opportunities to make improvements that can help control inventory and manage costs. By having enhanced visibility into crucial logistics processes, ingredient shippers can increase efficiencies, reduce cost, shorten time to market, and improve inventory management. The answers to these can determine how to plan your inventory and production to most effectively fulfill orders. Blog Post Cost Savings Strategies Industry Trends

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.

Top Talking Logistics Videos and Posts in 2018

Talking Logistics

They can sign up for our email and follow us on Twitter , Facebook , LinkedIn , YouTube , and iTunes to stay informed about upcoming episodes and to read our blog posts on industry trends and news. With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels. Optimizing Your Freight Spend Without Negotiation. Until then, here’s our final Song of the Week for 2018, “Now Or Never Now” by Metric.

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Tips for Maximizing Warehouse Space

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Using New Technology for Maximizing Warehouse Space Is the Solution New technologies and warehouse automation are poised to enable warehouse managers to increase inventory without necessarily increasing space. Big Data can analyze picking performance and identify best practices to increase performance, effectively reducing the amount of on-hand inventory needed at any given time.

Sam’s Club Updates Appointment Scheduler and OTIF Standards

Zipline Logistics

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. Typically, they evaluate standard metrics like on-time delivery, inventory management, missed shipments, lead time, and costs. The OTIF program also tracks several other related metrics like in-full percentage, early percentage, late percentage, and unfilled percentage.

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

Zipline Logistics

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. OTIF metrics are not universal. If you are unable to consistently fulfill the “in-full” portion of OTIF, adjusting minimum orders or order cadence can help your organization build inventory to better manage requirements.

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

The Logistics & Supply Chain Management Society

As soon as designers spot possible trends, they create sketches and order fabrics. 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.

Doing Business in Belgium

QAD

In fact, 23 percent of its GDP in 2017 went to investments in fixed capital and inventories. The seven registered air freight carriers in Belgium carried 1.4 billion metric tons of goods in 2015. Coupled with its prime location and healthy multimodal freight system, Belgium has the ability to move goods quickly around Europe and the rest of the world.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Most companies do not have a systemic and measurable approach in place to manage their global transportation and/or their logistics providers whether they are carriers, freight forwarders, or 3PLs.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

These branches also have characteristic trends. The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. The ability to administer your cloud supply chain in the real time makes your order processing, warehousing, inventory management, transportation and overall pricing more scalable and thus cheaper. The cloud-based logistics has lots of metric tools.

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

Material Handling and Logistics

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). Much of the food waste produced around the world can be traced back to inconsistencies in the supply chain: inventories aren’t recorded, suppliers aren’t informed, and quality isn’t taken into account.

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What Less-Than-Truckload Data Should a Shipper Track?

Cerasis

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. Unfortunately, there are thousands of less-than-truckload data points shippers can track, but the most prominent indicators include these LTL metrics. Thus, shippers can identify trends toward lower-rate carriers over time. Freight Damage.

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Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. The new year will then bring series on trends and on the state of some of the business functions and technology used in proper transportation and logistics management. In the supply chain articles category it is clear the top ten are all about trends, facts, technology, and of course optimization.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

According to Supply Chain Digest , a TMS can be leveraged to improve freight consolidation efforts, enable intermodal shipping, improve reverse logistics processes or work to reduce delays and inefficiencies in less-than-truckload (LTL) shipments. Increased freight consolidation opportunities. Meanwhile, a recent report, published by ARC Advisory Group , found similar trends.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Most companies do not have a systemic and measurable approach in place to manage their global transportation and/or their logistics providers whether they are carriers, freight forwarders, or 3PLs.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I’ll begin with several high-level trends and factors that will impact supply chain and logistics strategies and operations in the coming year: Free Trade Agreements : “The U.S., If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? For related commentary, see: On-Time In-Full (OTIF) and the Growing Demand for Real-Time Freight Visibility.

5 Crucial Software Every 3PL Company Needs To Have

Abivin

A Transportation Management System also helps in effective management of shipping units, transportation mode selection, freight bill auditing, outbound and inbound shipment scheduling, payment and processing of loss and damage claims etc. Monitoring inventory well can prevent wasted costs and time as small business owners spend 30% more operating excess inventory. Second is start-to-end tracking: the software follows inventory from the initial order to the final delivery.

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This Week in Logistics News (March 4-8, 2019)

Talking Logistics

Providers of real-time freight visibility solutions. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson. The market is now at the point where providing real-time visibility to your customers, whether you’re a shipper, freight broker, or 3PL, is now table stakes to be in this industry.” Are these still isolated cases or a growing trend?

The Logistics Linchpin with Andrew Clark

Aborn and Co.

Sell more with less stock - How inventory planning holds the key to improved profitability. There was a huge impact on the global supply chain as far as air freight goes. Air freight became super premium and prices tripped because a lot of air freight travels in the belly of passenger air crafts and people were no longer flying. Air freight capacity was restricted to those businesses that had their own dedicated cargo fleet.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Strategic Freight Management: Arrange bids by carriers for long-standing contracts based on Risk, Capacity and Cost.Selection of Carrier: Arrange carriers for each shipment considering allocations, business shares, and costs. By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation.