Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

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Freightos

APRIL 24, 2018

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight.

Freight 143

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The Logistics of Logistics

NOVEMBER 5, 2021

miles of freight is expected to reach 7.67 With years of rideshare driver experience under his belt, he understands the transportation landscape, tools to navigate the arena and helps those in the rideshare industry work smarter not harder. In fact, the logistics market is expected to reach US$6.9 TheRideShareGuy. Chris Caplice.

Logistics Network Optimization Software 147

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Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

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

ShipBob

APRIL 26, 2023

Make sure you have an accurate idea of lead times in relation to your production and procurement processes. For instance, you may want to consider multiple transportation modes, like air and ocean freight, to decide which is the best option for the type of inventory you want to transport.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

The Logistics & Supply Chain Management Society

APRIL 26, 2022

The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier. In fact, global freight rates have increased tenfold since the start of the pandemic. And this was before the Russian invasion of Ukraine began.

Supply Chain Planning Software 246

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QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. Run and Maintain the Strategy Both the performance of the supplier and the performance of the strategy around maintaining that supplier relationship must continuously be evaluated so any changes can be made in real time.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Zipline Logistics

JANUARY 10, 2023

Starting his career in carrier procurement and management within a Fortune 100 logistics company, Lynch has held positions of responsibility in all areas of third-party logistics. Tools like KanoPI reveal the inner workings of your supply chain and help identify areas that can be improved to maximize efficiency and cost savings.

Supply Chain Software 52

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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 To cope with the unprecedented backlog of inventory at ports, penalty fees became a tool to address these issues.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

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. With the real-time monitoring and tracking of shipments, AI tools ensure that goods are delivered on time and optimally.

Predictive Analytics Software 59

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

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

Some basic supply chain and logistics KPIs you should be measuring — or using a Business Intelligene tool to keep track of. 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.

Supply Chain Planning Software 69

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

TMC

JANUARY 14, 2016

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. It’s easy to get bogged down in streams of data generated by inappropriate metrics. Lack of understanding.

Analysis 54

Analysis Analytics Software Supply Chain Planning Software Sourcing Strategies 54

TMC

SEPTEMBER 27, 2018

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. Researchers found that Leaders had certain freight attributes that worked together to improve freight performance.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

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 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

ShipBob

JANUARY 6, 2023

Report on important performance metrics. Transportation management systems also enable you to automate your freight tendering process. By automatically dispatching carriers, you can significantly expedite steps such as booking and tendering of freight. Allows you to track freight movement in one place. Payment management.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

TMC

SEPTEMBER 1, 2016

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. It’s easy to get bogged down in streams of data generated by inappropriate metrics. Lack of understanding.

Analysis 48

Analysis Analytics Software Sourcing Strategies Supply Chain Planning Software 48

Cathy Roberson

APRIL 6, 2022

Despite the number of visibility tools available on the market today, “lack of visibility” continues to be a common complaint in the supply chain market. Are today’s visibility tools missing something? What's missing, if anything, from visibility tools?” But what exactly is visibility?

Real-time Visibility 52

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

TMC

SEPTEMBER 22, 2016

This simple communications tool provides a wealth of important information at a glance. But they are more than just whiteboards – they are visual management tools that help drive alignment, consistency, creativity, team-building and continuous improvement. A key part of our daily discussions is customer KPI metrics.

Optimal Sourcing 48

Optimal Sourcing KPI Logistics Network Optimization Software Supply Chain Network Software 48

Supply Chain Matters

FEBRUARY 14, 2024

As the WSJ specifically noted in its reporting: “ According to Maersk’s estimates, freight rates will revert to pre-disruption levels as record new-vessel deliveries make their way into service even if the Red Sea problems persist for the whole year. ” More real-time visibility to end-to-end material flows and clog points.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

BlueYonder

FEBRUARY 17, 2022

Focus on warehouse automation has come full circle since the last big automation movement of the ‘90s, but today with a significantly better set of tools and technological improvements enabling more robust digital transformation and warehouse automation. Brief highlights of logistics investments over the last three decades.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

TMC

SEPTEMBER 27, 2018

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. Researchers found that Leaders had certain freight attributes that worked together to improve freight performance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

TMC

SEPTEMBER 27, 2018

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. Researchers found that Leaders had certain freight attributes that worked together to improve freight performance.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

GlobalTranz

JANUARY 30, 2015

The methods of evaluating metrics or developing KPIs vary significantly from company to company. LinkedIn The post 3 Requirements for Meaningful & Useful Data in Transportation & Business appeared first on Freight Logistics Company | Cerasis. If you’d like to speak to me, shoot me an email at tphillips@cerasis.com.

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Supply Chain Collaborator

MARCH 4, 2015

If ever there was a perfect time to engage a logistics IT solution like TMS, Optimizer or Yard Management tool, it is now. Intelligent Procurement. Freight Payment Accuracy. That data was the basis of an interactive ROI calculator showing users how much they can save by implementing TMS and optimization tools.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Optimal Sourcing Optimization Software Supply Chain Software 60

Enterra Insights

APRIL 8, 2019

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? How will tariffs affect the company?

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 100

Unleashed

MARCH 23, 2021

Materials management involves the sourcing, procurement, storage and utilisation of direct or indirect materials (see below) used in the manufacturing process. Inventory turnover is a highly useful metric for determining how quickly your business turns over its entire stock in a set time period. What is materials management?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

ShipBob

NOVEMBER 6, 2023

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Doing this analysis helps you make informed decisions about freight shipments, find out if you’re overspending, and gain greater visibility into freight shipments.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Game Changer

NOVEMBER 12, 2018

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership. How many functions in your company conduct themselves like they are islands?

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 43

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Data management and data control are essential tools to help supply chain chiefs sift through accurate information before making important management decisions. Data Managers.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Unleashed

JULY 25, 2023

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. Automate purchasing Automated purchasing will maximise efficiencies by speeding up your procurement processes.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

IQMS

OCTOBER 18, 2019

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. New knowledge and insights from machine learning are revolutionizing supply chain management as a result. no opt-in). References.

Supply Chain Planning Software 73

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BlueYonder

JUNE 11, 2013

The TMC merges technology, organization and processes to establish a set of services leveraging the scale and efficiency of consolidated network planning, procurement and unified metrics with the agility of localized execution.

Supply Chain Network Software 67

Supply Chain Network Software Agile and Lean Supply Chain Transportation Management Network Optimization 67

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

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. These are the step towards accountable behavior when solving a problem Have balanced, relevant and valid metrics. Plus, metrics protect you.

Global 53

Global Supply Chain Planning Software Negotiating Skills Purchasing Training 53