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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. By automating re-ordering you can help your procurement team be more efficient and free up time for more value-adding work.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips. Routing guides optimize freight lanes and remove excess shipping costs. Logistics LTL ltl procurement

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What Supply Chain Data Should I Track in 2020?

Veridian Solutions

In other words, individual companies may have different data priorities, but they should all follow a similar structure—involving the collection, cleansing, analysis, and reporting of insights. To ensure your company tracks the right supply chain data in 2020, approach data management from a critical view—considering its impact from procurement through outbound freight and even reverse logistics. Metrics and KPIs Supply Chain Supply Chain Data

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6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Subscribe Here! Email Address.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Subscribe Here! Email Address.

Top 10 Tips for Career Success!

Supply Chain Game Changer

Business policies, ways of doing things, and metrics are all a result of human decisions. This does not mean being a reporter or spectator. Freight and Logistics Human Resources Procurement Supply Chain Management Career LeadershipSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Ground Rules for Creating a Game Changing High Performance Organization (HPO)! Success means different things to different people.

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? A Peerless Research Group (PRG) report indicated that up to 44 percent of supply chain entities do not actively have plans in pursuing or using a transportation management system (TMS), such as the Cerasis Rater. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. As we head towards what many experts are citing as a 2017 carrier capacity crisis and growing demands from consumers to keep them happy call for shorter delivery cycles, the traditional strategy of procurement cost saving and shipment consolidation opportunities have to be supplemented through innovative solutions, to deliver the best bang for the buck.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

The methods of evaluating metrics or developing KPIs vary significantly from company to company. Proper expectations should be set with your provider regarding the reporting requirements. These should include the exact analytics needed, the timing of report generation, and parties within your organization responsible for collaborative evaluation. As data in transportation becomes more abundant and readily available, the question of “ What data is available ?”

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.”

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S.

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage ; and deliver to the 80 percent of U.S.

The Transportation Management System Barbell

Talking Logistics

In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution. Users have the ability to provide rich lane metrics to carriers as well as their standing in the current bid process.

Five Causes of Analysis Paralysis You Can Avoid

TMC

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. For example, the shipping department needs to monitor metrics such as on time delivery and cycle times, but procurement relies on a different mix of measures. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

Five Causes of Analysis Paralysis You Can Avoid

TMC

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. For example, the Shipping Department needs to monitor metrics such as on time delivery and cycle times, but Procurement relies on a different mix of measures. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

Best Practices to Improve Your Truckload Service and Price

TMC

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Matching their strengths with your service corridors leads to better performance and having a routine procurement process will ensure your carrier networks are aligned with your current demand.

Best Practices to Improve Your Truckload Service and Price

TMC

To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Matching their strengths with your service corridors leads to better performance and having a routine procurement process will ensure your carrier networks are aligned with your current demand.

Leonardo da Vinci and Supply Chain Management

Enterra Insights

They need a general understanding of everything from procurement of raw materials to customer service. We have established business metrics and we love to quantify our business strategies. How can resources be procured at the best price? What are the best ways to move freight? Verwijmeren reports, “66 percent of supply chain leaders believe that advanced analytics will be critical to their operations in the next few years.”

Turkey 100

The PERFECT REASON to Implement Supply Chain Logistics IT Solutions Today

Supply Chain Collaborator

Associated Press reports that the US has so much crude they’re running out of places to store it. Intelligent Procurement. Freight Payment Accuracy. Whether it is finding more fuel efficient routes and modes, identifying best and worst performing carriers, ensuring accurate freight charges or improving communications among all stakeholders in transportation, these tools help organizations save costs and avoid needless or redundant expenses.

I am MAD!

Supply Chain Shaman

For access to the report on business networks reference this r eport. For one customer that I was working with, it was E2open for hi-tech procurement, GT Nexus for ocean freight, CH Robinson for over- the-road transportation, SupplyOn and Exostar for communication with A&D customers, and Elemica for communication with rubber and plastic suppliers.

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.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions.

This Week in Logistics News (February 18-22, 2013)

Talking Logistics

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. According to the press release: Transplace leverages the CombineNet ASAP® advanced e-sourcing technology as part of its expert solutions, helping customers develop and optimize their carrier strategy for procurement events involving truckload, less-than-truckload (LTL), and intermodal needs.

Mexico 100

Letter from the CEO: Coronavirus Market Update

Transplace

Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. The global air freight market for Asia, Europe and North America is impacted by the dramatic decline in commercial passenger flight volume creating capacity shortages and volatile spot market pricing without transit time commitments. PIERS reporting 10.1%

The Top 10 Transportation Management Systems

The Logistics of Logistics

The JDA Transportation Manager offers several powerful applications including Fleet and Freight Order Management to create work plans for private or 3PL fleets as well as inbound shipment collaboration. It also offers Logistics Procurement apps to negotiate competitive contracts in a network as well as the JDA Transportation Manager, Modeler and Planner which syncs up planning and execution stages, models experimental transport networks and maximizes use of assets.

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. President Trump’s plans will likely stimulate short-term growth, reports Patrick Burnson of Supply Chain 24/7. Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog. Hyper-Local Demand Will Drive Last-Mile Freight Delivery and Optimization.

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “By keeping an eye on these warehousing metrics, you can map out an error-resistant fulfillment process that moves from order to delivery as efficiently as possible. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

50 expert tips on supply chain management

6 River Systems

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.” Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.”

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. According to a UPS report, 74% of consumers say “free shipping” is the most important delivery option and 44% will choose a slower ship time if it means it’s free. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. According to a UPS report, 74% of consumers say “free shipping” is the most important delivery option and 44% will choose a slower ship time if it means it’s free. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need.

Autonomous Mobile Robots (AMR): Where to Find Them Now and in the Future

Veridian Solutions

AMRs are already breathing new life into warehouse operations through four, distinct types of robots, reports Craig Guillot of Supply Chain Dive. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Sorting Robots/Stationary Articulated Robots Stationary robots are used for palletizing and depalletizing freight. These robots also have applications in packaging, labeling, and the loading of freight onto outbound trucks.

Guest Commentary: Is Your TMS Pulling Its Weight?

Talking Logistics

You probably started your TMS project to manage shipping costs for your high-value freight, inbound or outbound. With constantly changing markets and rates, procuring and maintaining the best possible rates can be a nightmare. If you’re outsourcing Freight Audit & Payment, have you integrated your freight pay partner with your TMS so they have access to the most current rates and carrier information? On, Analytics and Reporting !

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

Talking Logistics

A few months later, Fedex reported the financial impact of that cyber attack: $300 million (Maersk reported a similar financial impact a month earlier). On December 17, Newsweek reported that “The United States Military has conducted joint training operations with South Korean forces to practice removing nuclear weapons from North Korea in the event of war.” According to a report published recently by CBRE, holiday e-commerce returns could reach $32 billion this year! “E-commerce

Elevating the Heavy Building Materials Supply Chain (Takeaways from Command Alkon ELEVATE 2017 Conference)

Talking Logistics

This was followed by a breakout session where the attendees discussed the challenges and opportunities in small groups and then reported back their key takeaways. Having more timely, accurate, and complete data — and converting it into actionable intelligence — will not only lead to cost reductions and increased asset utilization, but also improvements in customer service and satisfaction, the top metric cited by the respondents.