Intelligent Audit

JANUARY 28, 2021

But first, it’s essential to understand its value and why it’s a critical tool in the shipping manager’s playbook. What is a Logistics KPIs Scorecard. This sort of scorecard highlights areas of supplier performance and works to bring attention to potential problem areas within the shipping supply chain.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59

EC Sourcing Group

MARCH 12, 2023

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

The Logistics of Logistics

FEBRUARY 18, 2013

The best LTL KPI for measuring damaged shipments is simply the percentage of damage free shipments delivered. Cost, on time performance and billing accuracy don’t mean much if the carrier damages the freight. To minimize freight damage, begin measuring it with the damage free shipments KPI. damage free shipments.

KPI 100

KPI Freight Third Party Logistics Metrics 100

The Logistics of Logistics

FEBRUARY 16, 2013

The best LTL KPI for measuring cost performance is cost per pound. The less than truckload (LTL) cost per pound KPI is easy to calculate (see below). The LTL cost per pound is also completely transparent (can’t tweak the numbers) and it provides great insights into a company’s freight spending. Additional Reading on LTL KPIs.

KPI 100

KPI Cost Reduction Strategies Third Party Logistics Metrics 100

The Logistics of Logistics

FEBRUARY 19, 2013

The best LTL KPI for measuring billing accuracy is simply the percentage of accurate bills. Incorrect freight bills drive the accountants crazy and drive the costs up. Sometimes it has to be passed on to clients, who were already billed for freight or the added cost has to be absorbed by the shipper.

KPI 100

KPI Third Party Logistics Price Reduction Cost Reduction Strategies 100

Intelligent Audit

NOVEMBER 3, 2022

Transportation network optimization is simply streamlining your network of logistics carriers, the methods for shipping, and the processes for managing the network. This adaptation allows shippers to find the best choice for each situation and manage the disruptions in the shipping industry. What Is Transportation Network Optimization?

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

The Logistics of Logistics

FEBRUARY 17, 2013

The best LTL KPI for measuring on time performance is simply the percentage of on time shipments. LTL KPI – On Time Performance Calculation. To calculate the on time performance KPI, simply divide the number of on time shipments by the total number of shipments. Insights from On Time Performance KPI.

KPI 100

KPI Third Party Logistics Metrics 3PL 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

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Federal Power Over Freight Management KPIs. Freight Management KPIs are undoubtedly the most important metrics to track and understand.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Intelligent Audit

OCTOBER 27, 2022

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

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

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. Key Process Indicators vs. Metrics.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

The Logistics of Logistics

OCTOBER 30, 2012

They will also learn specific actions for reducing LTL carrier shipping costs. Key process indicators (KPI) for the most important aspects of LTL shipping. In this free webinar, participants will learn a methodology for measuring LTL carrier performance. Webinar topics will include: 1.)

KPI 100

KPI Cost Reduction Strategies Third Party Logistics How To 100

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. The LTL carrier scorecard becomes a roadmap for driving LTL shipping improvements. Key Process Indicators vs. Metrics. Selecting the Right LTL KPIs. Billing accuracy, 4.)

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

The Logistics of Logistics

FEBRUARY 14, 2013

LTL key process indicators (KPIs) for the most important aspects of LTL shipping. The webinar will also cover ways to improve the number or on time shipments and improving customer service. Webinar topics will include: 1.) Actions to improve on time performance, and billing accuracy while reducing cost and damaged shipments.

KPI 100

KPI Third Party Logistics Metrics 3PL 100

Intelligent Audit

AUGUST 26, 2021

This is where shipping execution meets data-driven management, and its roots grow from freight audit and payment best practices that rely on factual, clear, and actionable insights. The first thing to know in the digital age of freight audit and payment best practices is the importance of the digital twin.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers are successful because they have developed the right attitude and habits regarding shipping. Strategic view of shipping. Highly effective shippers see a well-run shipping function as a competitive advantage. Good data will provide great insights for future actions to improve shipping.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 225

The Logistics of Logistics

JUNE 7, 2019

The most important measure is the Paydex metric. 3PLs that specialize in other services like air freight, sea freight, warehousing, etc. Transactional shippers typically don’t ship much and they don’t commit to any one logistics company. Metrics / Key Performance Indicators (KPI). Financial Stability.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Supply Chain Opz

JUNE 1, 2014

In order to compensate a long waiting time, Adidas uses air freight or courier service. Moreover, products can be shipped to stores in-time then lost sales is minimal. They use the global level KPI to ensure that each player in the same supply chain is measured the same way. Also, they utilize SCOR Model as the standard process.

Case Study 239

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

The Logistics of Logistics

JUNE 20, 2014

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. The most important measure is the Paydex metric. Financial Stability. Specialization.

3PL 113

3PL Negotiating Skills Optimal Sourcing Purchasing Training 113

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement. What is receiving efficiency?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

The Logistics of Logistics

JUNE 20, 2014

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. The most important measure is the Paydex metric. Financial Stability. Specialization.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Unleashed

JANUARY 5, 2021

Let’s take a closer look at this important metric. Inventory turnover is a metric you can use to calculate how quickly your business completely sells through and replaces the goods in its inventory, within a set time period. These are, essentially, the same metric – portrayed in slightly different ways.

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

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.

Real-time Visibility 56

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

Supply Chain Collaborator

MAY 29, 2018

Talk to a transportation manager about data analytics and they might tell you they’re already harnessing data collected by their TMS and other logistics IT tools to measure key performance indicators such as tender acceptance by lane, carrier check call compliance and other commonly examined metrics. This is where Big Data analysis can help.

Analytics Software 60

Analytics Software Analytics Logistics Network Optimization Software Modeling Software 60

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. These are a la carte, or per service, and outside of standard shipping and receiving. 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

SupplyPike

APRIL 1, 2020

Walmart suppliers are no longer graded on a single OTIF metric, though it is still tracked and available. Rather, you must meet each OTIF-related metric to avoid fines. Prepaid orders are shipped by you. OTIF Metrics. There’s a lot of information about Walmart’s OTIF metric system. Check out SupplyPike’s OTIF tool.

DC 58

DC Procurement Analytics Metrics Procurement Solutions 58

Unleashed

NOVEMBER 20, 2023

Often, we end up asking the partner in Germany or Spain or somewhere, ‘Can you air freight this? Measuring performance: Key metrics for manufacturers Finally, our experts discussed which metrics are critical for tracking the performance of your manufacturing supply chain – and the success of any optimisations made.

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. The Most Important Distribution Center Metrics to Track and Understand. 7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve. Read the Full article here. .

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Third Party Logistics 3PL 120