article thumbnail

Transportation Metrics That Matter Most to Track and Improve Performance

GlobalTranz

Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.

Metrics 315
article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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 . Yet it is common to receive packages containing a lot of wasted space.

article thumbnail

Transportation as a Service: The Value of Cloud-Based Transportation Management + 3PL Partnerships

GlobalTranz

In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Opportunities to leverage network size to enable freight consolidation. Reduced risk for damage to the freight.

article thumbnail

Why Parcel or Small Package Auditing Is Important for Shippers

GlobalTranz

However, some continue to refute audits, but take a look at what could be going on in your operation without small package auditing. Shippers May Be Overpaying, Which Affects Small Package Auditing. Shippers pay up to 5 percent more when small package auditing is not completed, explains Jared Fisher of PARCEL Media.

Packaging 120
article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The money is coming through the U.S.