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Managing a Third Party Logistics Partnership

The Logistics of Logistics

Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. He is a guest speaker at the Purchasing Management Association and the University of Wisconsin-Madison. Intrieri Consulting in Orange County, CA. He is certified as a C.P.M.,CPIM,

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

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The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

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

GlobalTranz

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

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Steel Fabrication and General Manufacturing Tips and Tricks for 2015

GlobalTranz

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Experienced fabricators have become quite good at predicting what the future holds, but still sometimes they don’t foresee what the future holds.

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The Annual State of U.S. Logistics Report – Added Candidness and Need for More Synchronization

Supply Chain Matters

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. For 2021, U.S. percent to $1.85

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Order Fulfilment Explained: Process, Strategies, & Tips

Unleashed

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. But cost-saving isn’t the only benefit of an optimised fulfilment process. This can include freight forwarding and documentation management.