The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. This is a measurement of freight carrier performance and its effect on your operations and customer service. Perfect Shipment Measurement This metric can also be called Perfect Order Measurement.

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Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. These key individuals should know not only the likely impact of these reports in the immediate operational sense but also what the impact will be on the company as a whole when they perform well.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. This is a measurement of freight carrier performance and its effect on your operations and customer service. Perfect Shipment Measurement This metric can also be called Perfect Order Measurement.

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. Business Tips inventory metrics inventory reporting stock reorder

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. Carriers literally do the heavy lifting in international freight. Customer management can be expensive and hands-on, especially in an error-prone industry like freight.

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. Carriers literally do the heavy lifting in international freight. Customer management can be expensive and hands-on, especially in an error-prone industry like freight.

A Lesson on the Freight Market: Four Standout KPIs

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the October 2020 Freight Market Index report. It is always with great anticipation that I await the arrival of the BluJay Freight Market Insight report.

Freight Broker Business: Increase Shrinking Margins With Better Analytics

Turvo

Maintaining a freight broker business and helping it stand out from the crowd is more difficult than ever. Unfortunately, that does not always amount to spending money reasonably and maintaining control over freight spend. For those operating a freight broker business, the challenges are greater. These forecasts can also help brokers, shippers and fleets take a lot of the guesswork out of a proposal to move freight, say, a year from now. Analytics Freight Broker

How BluJay Can Help: Free Freight Market Index Reports

BluJay Solutions

Even more important is data in context, which is why BluJay will provide our Freight Market Index (FMI) for free over the next 90 days. . In less than two weeks, our April 2020 Freight Market Index report will show America’s earliest transportation market data points reflecting the impact of COVID-19, across the industry’s most robust range of rate, performance, and service KPIs. Uncategorized Carriers FMI Freight Market Index Shippers

How Quickly Things Change: April Freight Market Index Commentary

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the April 2020 Freight Market Index report. Before looking into BluJay’s quarterly metrics, JBF Consulting and BluJay want to recognize the devastating impact of COVID-19. The time period for this report will likely be remembered as the last “normal” quarter for a while. We now find ourselves in completely uncharted waters and freight transportation is in a highly vulnerable state.

Importer/Exporters vs Freight Forwarders/3PL – Levelling the Playing Field

3rdwave

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains.

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5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? How much are you spending to move 100 pounds of freight? These are examples of metrics that may or may not support your goals.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Simplifies Reporting to Stakeholders. Dashboarding capabilities in the TMS allows management to compile reports and information for stakeholders more easily. Mobile Access to KPIs and Metrics. Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping.

Prepare for 2020 by Reviewing Five Important Shipper Metrics in TMS

Supply Chain Collaborator

If your solution meets these criteria, here are the top five important metrics your transportation data can illuminate, providing operations with effective plans for the coming New Year. Drill down into reporting over the trailing twelve months to review data relevant to on-time performance across your base of carriers. Review this metric to ensure you can deliver on your ETAs for customers in 2020.

Wanted: Supply Chain Architects!

Supply Chain Shaman

This is difficult for the average company since only one in two supply chains have source, make and deliver reporting through the same organization (reference Figure 1). From the research, we know that when organizations have source, make and deliver reporting to the same leader, that supply chain performance improves (intersection of operating margin and inventory turns). This work is typically periodic to accompany a freight bid or an end-to-end project.

9 KPIs to Track for Proper Freight Management

Cerasis

However, if you know what critical freight management KPIs or key performance indicators to track, you can know exactly how to change processes to decrease costs, which will result in savings for the end user. According to a National Cooperative Freight Research Program report, Performance Measures for Freight Transportation , the following graph breaks down how other respondents rate the cost of logistics. Federal Power Over Freight Management KPIs.

7 Freight Costs Considerations That Will Have Shippers Rethinking In-House Transportation Management

Cerasis

Freight costs are eminently controllable, however, efficiently managing this major budget item requires expertise. For the company determined to try, it is critical to maintaining constant guard on cost controls at every turn in every transaction, a daunting proposition for most companies whose competencies are not developed with optimal freight costs control as a core area of focus. The freight manager attempting to operate without this authority cannot be ideally effective.

Inbound Parcel Freight: What Are the Top Considerations for a Shipper?

Cerasis

Managing inbound parcel freight has increased in complexity with the global rise of e-commerce. Amazon has mastered inbound parcel freight management as part of its third-party marketplace, and small and mid-sized shippers are struggling to keep up. While part of the larger scheme for global economic growth, inbound parcel freight has become a top priority for shippers. What’s Causing Problems With Inbound Parcel Freight Management?

FedEx – Despite the Lipstick Attempt, A Disappointing Earnings Report

Logistics Trends and Insights

The Domestic View from Dean Maciuba, Director of Consulting Services for Logistics Trends & Insights : While FedEx is primarily blaming poor international growth and global trade friction for their lousy Q1 earnings report, it’s the domestic performance that’s most disappointing for me, especially with a strong economy here at home. FedEx Freight continues to see favorable growth and profitability, but only represents a small part of the revenue pie.

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

Data 43

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. The dedicated TMS can further eliminate the frustrations that occur with typical full-truckload (FT) shipments and small package freight by combining all KPIs and available options into a single, comprehensive tool. Overall Costs of Less Than Truckload Freight Shipping. Few shipping processes can be more complicated than managing Less than truckload freight shipping.

Q4 2020 Freight Market Update: Preparing for 2020 Peak Season

Zipline Logistics

The past three quarters have been anything but typical for the freight market and the domestic economy at-large. The arrival of COVID-19 sent freight volumes skyrocketing to keep up with panic buying at retailers nationwide. What Is Driving the 2020 Freight Market?

Freight Transportation: From Lucy with the Football to a Precarious Equilibrium

BluJay Solutions

Freight transportation professionals have become so used to the abnormal that normal times seem a bit unusual. Freight budgets were blown as shippers scoured the Earth looking for carriers to haul their goods. I provide that background as an introduction to the Freight Market Index report recently launched by BluJay Solutions. The report, however, is much more than simply an interesting historical view. Guest commentary by Mike Mulqueen, JBF Consulting.

KPI 87

How Do You Turn Supply Chain Data Into Actionable Information?

Logility

There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Reporting and Score carding. The simplest form of looking at data is the all-too-familiar reporting.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Unloading of local freight and de-stuffing and palletising of international freight. Ambient and/or temperature-controlled storage of supplier freight. Phoenix Freight: 3PL and 4PL Provider. Another provider of note is Phoenix Freight, which is based at Port Botany.

Freight Market Index: Transportation Market Insight To Thrive Beyond Today

BluJay Solutions

As we kick off 2020, financial and freight industry analysts are busy reading the TL market tea leaves. Freight operations that were unable to effectively manage through the recent turmoil have left more than a few careers in tatters. A careful inspection of the BluJay Freight Market Index (FMI) report shows that shippers who develop operating plans that don’t take into account the realities of the trucking cycles are putting their businesses at risk.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. Foster future economic growth within the freight and goods movement industry.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. million metric tons annually. New fuel will likely cost more than current bunker fuels and fuel surcharges will likely be added by carriers & its expected to increase freight rates by at least 15% to 30% in 2020. will also need to update freight tariffs accordingly. Preparing for a New Marine Freight World. Subscribe Here! Email Address.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. Uber Freight: Transportation Facility Brand Managers. The same ratings and reviews also are available to shippers within Uber Freight’s shipper platform. Transplace Launches Weekly On Time, In Full (OTIF) Performance Report.

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.

How to Calculate Inventory Turnover

Unleashed

Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. Let’s take a closer look at this important metric. Automation can also be used to generate reports and insights.