The Logistics of Logistics

NOVEMBER 5, 2021

miles of freight is expected to reach 7.67 He is also the Founder and Co-Director of the MIT FreightLab – a research initiative that works on improving the way freight transportation is designed, procured, and managed. In fact, the logistics market is expected to reach US$6.9 trillions of ton-miles by 2045 (Statista).

Logistics Network Optimization Software 147

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 147

GlobalTranz

MARCH 15, 2017

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. There’s an alarming paradox in the world of consumer packaged goods sustainability. Waste resulting from damage in transit. .

Cost Reduction Strategies 120

Cost Reduction Strategies Waste Reduction Expense Reduction Material Savings 120

Logistics Viewpoints

OCTOBER 5, 2021

Finally, as the world embraces more ambitious sustainability goals, logistics providers must minimize their environmental impacts. As transportation management solutions automate the processes of procuring carriers, planning truckloads and determining optimal routes, the result is a huge productivity boost. And with good reason.

Logistics Network Optimization Software 210

Logistics Network Optimization Software Resource Reduction Waste Reduction Cost Reduction Strategies 210

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Intelligent Audit

NOVEMBER 10, 2021

Strong RFP supply chain management practices and carrier network optimization services will allow for continued growth and success in the modern supply chain and freight shipping network.It’s important to understand the full scope of optimization, including what it is and how your team can improve it. What Is Carrier Contract Optimization?

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

QAD

JUNE 28, 2022

Consumers now demand transparency about the way a business operates and how the organization is contributing to a more sustainable future. This growing consumer interest in responsible and sustainable production places more burden on organizations and their suppliers to communicate and collaborate on a regular basis. How QAD Can Help.

Cost Reduction Strategies 91

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning 91

GlobalTranz

OCTOBER 19, 2015

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. Working with carriers and all the freight you manage to create continuous movement strategies is a win-win approach. Creating an Effective Transportation Management Program Run by Metrics.

Transportation Management 120

Transportation Management Resource Reduction Cost Reduction Strategies Optimal Sourcing 120

BlueYonder

NOVEMBER 11, 2021

For example, Traxion, Mexico’s largest logistics provider, brokers services and optimizes loads, capacity, freight and routes via an AI-enabled optimization engine that gathers real-time data and autonomously makes the best decision on the fly, without human intervention. More Than Ever, Acting Sustainably Makes Good Business Sense.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Waste Reduction Inventory Reduction 52

Supply Chain Matters

OCTOBER 12, 2022

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. By our lens, the most important metric to be watching are clearer signs of moderating supply chain induced cost inflation.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

GlobalTranz

DECEMBER 29, 2014

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. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

American Global Logistics

DECEMBER 7, 2022

This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Putting that aside, the creation of this metric signifies the federal government’s increasing role in supply chain matters. #3 The immediate impact on shippers was to be more flexible in their procurement and shipping strategy.

Russia 52

Russia Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. They optimize routes, consolidate shipments, manage freight rates, track shipments, and ensure timely and secure delivery.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 92

GlobalTranz

JULY 8, 2016

Today, we wrap up our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Yet, all metrics and scorecards are not equal, and you need to know what metrics should be included in your carrier scorecard. Our last post covered the Top 5 Supply Chain blogs of 2016.

Transportation Management 125

Transportation Management Transportation Resource Reduction Cost Reduction Strategies 125

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. Freight bill accuracy. A metric that does what it says on the tin – measures the accuracy of freight bills.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

ThroughPut

FEBRUARY 23, 2024

You can conveniently work with the right suppliers by analyzing pricing, quality, and delivery times as the system helps you identify reliable suppliers, thereby, streamlining the procurement processes. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you. All of this at the best price.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Matters

FEBRUARY 14, 2024

These requirements for new ships were driven by both needs to convert the fleet to more efficient as well as sustainable fuel burning vessels, along with prior assumptions that overall shipping volumes would increase in 2024 and beyond. Maersk is not the only global wide carrier bringing on added new ship capacity this year.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

Unleashed

JUNE 23, 2021

Sustainable supply chains. Reduced carbon footprint: Cutting your freight times doesn’t just save money, it lowers your impact on the environment too. Cut costs: As specialist providers, 3PL companies often have good relationships with freight companies and can find ways to make deals or trim costs, which they can pass on to you.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Cathy Roberson

APRIL 6, 2022

Add to that sustainability visibility. Supply Chain @Mr_Supply_Chain Deep customs insights, landed cost analysis, customs delays, ports, product level analysis Chris rubio @cm_rubio Transparency Complete transparency of Available To Promise Date, Landed Cost, and ESG metrics for the entire Procure-To-Pay lifecycle at the piece level.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach. Investments in Transportation solutions is imperative. Foreign trade policies are weakening.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 71

Talking Logistics

JANUARY 18, 2017

But while there are many paths to achieving transportation savings — everything from taking a smarter approach to procurement to building loads and optimizing routes more effectively — what many companies continue to struggle with is sustaining those savings in year two, year three, and beyond.

Waste Reduction 100

Waste Reduction Sustainability Transportation Cost Reduction Strategies 100

Elementum

JUNE 30, 2022

Sustained Inflation. Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Run the scenarios internally, identify your key metrics and triggers, be prepared with different action plans, and execute intentionally and confidently with the full support of your company’s C-Level.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

ShipBob

NOVEMBER 15, 2021

But once you get established, logistics planning helps ensure that your business can continue to grow and sustain itself. Procurement and manufacturing. Treat procurement and manufacturing as part of your logistics network , as opposed to a silo. Logistical Process. Planning tips. Find the right supplier or manufacturer.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

Supply Chain Game Changer

JANUARY 29, 2020

This regulation will be implemented from 1st January 2020 and it is a major step towards Sustainability. Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. This has been done to curb pollution and make the industry greener and world more sustainable.

Cost Reduction Strategies 67

Cost Reduction Strategies Virgin Islands Price Reduction Inventory Reduction 67

Supply Chain Game Changer

JANUARY 20, 2020

Sustainable Practices Will Be a Leading Focus of Supply Chain Executives. Supply chain executives will also increase focus on sustainable practices, reducing waste and improving efficiency throughout the entire supply chain. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources.

Supply Chain Software 62

Supply Chain Software Agile and Lean Supply Chain Logistics Network Optimization Software Supply Chain Strategy 62

GlobalTranz

AUGUST 9, 2016

Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Sustained cost reduction is not realized through infrequent transportation network designs and carrier RFQ’s. Measure Transportation Performance. Perform Transportation Daily Event Management.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Cost Reduction Strategies Lean 120

Unleashed

JANUARY 3, 2023

This ideal manufacturing best-of-breed software stack looks something like: Manufacturing inventory management software that provides real-time visibility of every aspect of your business from the supply chain through to freight, including stock levels, lead times and material costs. Seek cheaper storage facilities with lower utility costs.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Supply Chain Game Changer

OCTOBER 8, 2019

A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Think about the typical set of objectives and metrics associated with managing a Supply Chain. Why Disintermediate the Supply Chain?

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

Supply Chain Game Changer

NOVEMBER 13, 2018

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing. Strategic is a term that is often overused.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64

Supply Chain Game Changer

NOVEMBER 15, 2018

Sustainable Practices Will Be a Leading Focus of Supply Chain Executives. Supply chain executives will also increase focus on sustainable practices, reducing waste and improving efficiency throughout the entire supply chain. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources.

Supply Chain Software 49

Supply Chain Software Agile and Lean Supply Chain Logistics Network Optimization Software Supply Chain Strategy 49

NC State SCRC

APRIL 27, 2022

However, this could lead to reduced bus transit, reduced rail freight, and fewer fixed routes. I had the opportunity to meet with some incredible students that worked on projects all related to critical insights facing companies today, from global material cost indices, facility sustainability metrics, and predictive cost modeling.

Supply Chain Software 40

Supply Chain Software Supply Chain Planning Software Supply Chain Planning Supply Chain 40

ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. It is best to have a relatively low cost per unit, as long as the quality and sustainability standards are maintained. How to calculate cost per unit? Only pay for storage used.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

6 River Systems

JULY 25, 2019

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.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Talking Logistics

DECEMBER 20, 2017

It is an operationally driven approach to tax planning, putting in place a flexible international structure fully aligned with the new business processes and designed to deliver sustainable, long-term reductions in effective tax rate. For example, Walmart began enforcing its new OTIF requirements in August.

Predictive Analytics Software 92

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 92

ShipBob

SEPTEMBER 3, 2021

Though the pandemic isn’t forever, the push towards digital transformation will continue to support retailers as they build supply chain resilience and be prepared for almost anything — a sudden influx in demand, logistics procurement disruption, natural disasters, or a warehouse closure. Why supply chains are going digital.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Inventory Management Software 97

6 River Systems

JUNE 29, 2020

And this is where supply chain professionals, along with sustainability professionals, the sales teams, and new-product development, now need to come together and to evaluate what the market looks like, what downstream impact is going to have on their customers and on their suppliers, and their supplier’s supplier.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Game Changer

NOVEMBER 17, 2020

” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. Thinking about how messaging, approach and timing may need to adapt to different cultures to sustainably deliver change should never be over looked.

Global 53

Global Supply Chain Planning Software Negotiating Skills Purchasing Training 53