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As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different. MORE
The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships. Consider the following metrics: Tender Acceptance: The frequency at which a carrier is accepting tendered loads. MORE
Strategic Freight Management: Arrange bids by carriers for long-standing contracts based on Risk, Capacity and Cost.Selection of Carrier: Arrange carriers for each shipment considering allocations, business shares, and costs. For example, the TMS system employed by Transwide Analytics uses visual reports covering key transport metrics to offer a comprehensive performance view, individual carrier score cards, and freight costs. TMD Security GMBH. MORE
Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). Emerging Trends Freight & Transportation Information Technology New Ideas Security Supply Chain Management Supply Chain Risk MORE
BONUS : Download the Guide To LTL Freight Mangement White Paper. Shippers who prioritize securing the lowest price from carriers may actually end up paying more because of costs embedded in carrier expenses, resulting in problems such as service degradation and supply chain disruption. Routing guides optimize freight lanes and remove excess shipping costs. MORE
We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. On Time compliance issues for “Prepaid” are for times where you manage the freight. MORE
Worst of all, there are usually no scorecards or other performance metrics to help the shipper measure and improve on performance. Moreover, these solutions are opaque in terms of data security and redundancy in the event of system disruptions. Want freight and route optimization? However, you might be shocked to learn just how high are the markups your 3PL adds to your freight. In business there are trade-offs to be made at every juncture. MORE
Their concerns include: infrastructure, economic stability, freight and supply chain transparency, tax regulations, security, and cross border shipping details. This in turn changes the concerns of the 3PL including: workforce readiness, freight and supply chain transparency, just in time and efficient services, regional / global networks and the delivery of services that meet both their partner’s and their client’s high expectations. Advanced Analytics / Metrics. MORE
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. MORE
As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates. 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. MORE
Your Finance department is minding this metric in particular. Therefore this year is the time to start working on supplier base security for the future. A Three Part Article Series from QAD DynaSys – COVID-19 and Resilient Supply Chain. MORE
As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times. More stringent customer delivery requirements is another factor that’s driving demand for real-time visibility, with On-Time In-Full (OTIF) becoming a more critical metric. MORE
Trade security became a priority and various initiatives were launched in the months and years that followed, including Customs-Trade Partnership Against Terrorism (C-TPAT), the Container Security Initiative (CSI), the Advanced Manifest Rule (AMR), Smart and Secure Trade Lanes (SST), and most recently, the Importer Security Filing (aka “10+2”). Every single link in that chain must be made more secure against the terrorist threat.”. Today is September 11. MORE
As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates. 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. MORE
They will access their control tower, on any secured handheld machine regardless of their location. Let me start with a quote from a great leader!! MORE
Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics. Supply chain metrics provide the vehicle to ‘look at the results’ and gauge the effectiveness of an organization’s execution strategy. MORE
It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For each weakness or issue, provide instructions on how to avoid delays and ensure adherence to appropriate carrier selection and freight classification. This includes accounting for variances in freight classification and cost due to increasing use of dimensional (DIM) pricing models. Remember “Security Patch Tuesday?” MORE
Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. MORE
Transportation management system (TMS) technology helps companies to manage a host of performance metrics – including working capital. The link between freight transportation and this financial metric might not be obvious, but working capital is a key measure of a company’s efficiency and a number of the logistics metrics that are monitored by TMS solutions impact its performance. High-value metric. Is Working Capital on Your Logistics Dashboard? Connect. MORE
Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Increased Security of Information. The security of customers’ data and information about a company is of top priority in modern shipping. The ideal TMS reduces security concerns by keeping all information in a secure, highly protected area of the cloud. Mobile Access to KPIs and Metrics. MORE
Historically, TMSs were out of reach for companies moving less than $100 million in freight , but cloud-based systems give everyone a fair chance at the best rates. Even adding freight insurance, consolidating freight and intermodal shipments can be realized at lower costs than your company may have previously faced. Moreover, penetration testing by providers ensures the cloud remains secure to even the most advanced of hackers. MORE
We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC). MORE
The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. The cloud-based logistics has lots of metric tools. The increase of security level for such systems is expected. The cloud-based solutions and applications are quickly conquering the markets all over the world; they deemed to be highly scalable, easy to manage and cost-effective. MORE
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 MORE
As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models. MORE
Many customers who grappled with the 2014 situation , are now strategizing to head off the future issues by securing resources in advance, establishing longer-term agreements with carriers. Preferred shippers maintain complete, detailed communications about each freight load with carriers. Implement a Transportation Management System (TMS) to comprehensively manage logistics surrounding and including the shipping function as well as related performance metrics. MORE
A survey by Resilience360 and Business Continuity Institute found 37% of shippers had seen their air transport disrupted by the pandemic — the highest rate among the freight modes. Freight and parcel carriers have experienced disruption with record-shattering demands. MORE
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. In 1823, this was formalized into a committee to regulate the exchange of securities. A New Freight Index. MORE
As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models. MORE
3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain ManagementSubscribe Here! Email Address. MORE
Where possible, provide daily updates and/or schedule weekly meetings to work through different options for securing an adequate supply of essential high-demand items. This can be a more costly option with considerations like additional freight and storage costs, but it can act as a stopgap to help your instock goals during the pandemic. MORE
Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. OTIF metrics are not universal. When you give your logistics partner advanced notice, they can secure the most reliable carriers, cut costs, and ship orders with necessary buffer time. MORE
According to JOC.com , “As the peak pre-holiday shipping season looms over US shippers, businesses are scrambling to secure needed capacity while trying to determine transportation budgets for 2021. Peak Freight Preparedness Hinges on Efficient Management. MORE
A major freight company employs a team of meteorologists that works closely with its flight dispatchers and contingency coordinators, for example. The raw data flows to Walgreens’ Centralized Security Operations Center. The post Guest Post: Ignoring this Performance Metric is Risky appeared first on Connect Blog by TMC, a division of C.H. MORE
Large corporations are also hedging on securing capacity, creating more capacity challenges in the marketplace. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas. In order to prepare for capacity changes, you need to proactively secure capacity, recognize and reward the more reliable carriers and minimize your exposure. MORE
LTL freight carriers normally transport small shipments of freight from many companies. When companies opt for LTL shipping, they are charged for the section of the semi-truck that their freight takes up. Improve shipment security. LTL shipments can contain one to six pallets, cases, large bundles, or other units for loading that still leaves space for more in the freight carrier’s cargo. Freight Class. Freight class depends on various factors. MORE
SupplyPike
APRIL 7, 2020
We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. On Time compliance issues for “Prepaid” are for times where you manage the freight.
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. In 1823, this was formalized into a committee to regulate the exchange of securities. A New Freight Index.
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Intelligent Audit
NOVEMBER 19, 2020
According to JOC.com , “As the peak pre-holiday shipping season looms over US shippers, businesses are scrambling to secure needed capacity while trying to determine transportation budgets for 2021. Peak Freight Preparedness Hinges on Efficient Management.
TMC
NOVEMBER 18, 2015
A major freight company employs a team of meteorologists that works closely with its flight dispatchers and contingency coordinators, for example. The raw data flows to Walgreens’ Centralized Security Operations Center. The post Guest Post: Ignoring this Performance Metric is Risky appeared first on Connect Blog by TMC, a division of C.H.
Turvo
JUNE 12, 2020
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
Cerasis
MAY 24, 2016
Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Increased Security of Information. The security of customers’ data and information about a company is of top priority in modern shipping. The ideal TMS reduces security concerns by keeping all information in a secure, highly protected area of the cloud. Mobile Access to KPIs and Metrics.
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Parade
MAY 29, 2019
As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.
Supply Chain Network
APRIL 5, 2018
Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). Emerging Trends Freight & Transportation Information Technology New Ideas Security Supply Chain Management Supply Chain Risk
Supply Chain Brain
JUNE 4, 2018
Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.
Freightos
FEBRUARY 4, 2020
As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.
SupplyPike
APRIL 17, 2020
LTL freight carriers normally transport small shipments of freight from many companies. When companies opt for LTL shipping, they are charged for the section of the semi-truck that their freight takes up. Improve shipment security. LTL shipments can contain one to six pallets, cases, large bundles, or other units for loading that still leaves space for more in the freight carrier’s cargo. Freight Class. Freight class depends on various factors.
|
Logistics Bureau
SEPTEMBER 28, 2020
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.
Supply Chain Game Changer
JANUARY 12, 2021
3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain ManagementSubscribe Here! Email Address.
Intelligent Audit
DECEMBER 15, 2020
Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics. Supply chain metrics provide the vehicle to ‘look at the results’ and gauge the effectiveness of an organization’s execution strategy.
Cerasis
OCTOBER 16, 2015
BONUS : Download the Guide To LTL Freight Mangement White Paper. Shippers who prioritize securing the lowest price from carriers may actually end up paying more because of costs embedded in carrier expenses, resulting in problems such as service degradation and supply chain disruption. Routing guides optimize freight lanes and remove excess shipping costs.
Talking Logistics
JUNE 20, 2017
The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships. Consider the following metrics: Tender Acceptance: The frequency at which a carrier is accepting tendered loads.
Cerasis
APRIL 12, 2017
It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For each weakness or issue, provide instructions on how to avoid delays and ensure adherence to appropriate carrier selection and freight classification. This includes accounting for variances in freight classification and cost due to increasing use of dimensional (DIM) pricing models. Remember “Security Patch Tuesday?”
Talking Logistics
DECEMBER 20, 2017
As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times. More stringent customer delivery requirements is another factor that’s driving demand for real-time visibility, with On-Time In-Full (OTIF) becoming a more critical metric.
Cerasis
APRIL 14, 2017
Historically, TMSs were out of reach for companies moving less than $100 million in freight , but cloud-based systems give everyone a fair chance at the best rates. Even adding freight insurance, consolidating freight and intermodal shipments can be realized at lower costs than your company may have previously faced. Moreover, penetration testing by providers ensures the cloud remains secure to even the most advanced of hackers.
The Logistics & Supply Chain Management Society
JULY 22, 2020
They will access their control tower, on any secured handheld machine regardless of their location. Let me start with a quote from a great leader!!
Supply Chain Shaman
JANUARY 28, 2015
We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).
Intelligent Audit
NOVEMBER 17, 2020
A survey by Resilience360 and Business Continuity Institute found 37% of shippers had seen their air transport disrupted by the pandemic — the highest rate among the freight modes. Freight and parcel carriers have experienced disruption with record-shattering demands.
Abivin
MARCH 6, 2019
Strategic Freight Management: Arrange bids by carriers for long-standing contracts based on Risk, Capacity and Cost.Selection of Carrier: Arrange carriers for each shipment considering allocations, business shares, and costs. For example, the TMS system employed by Transwide Analytics uses visual reports covering key transport metrics to offer a comprehensive performance view, individual carrier score cards, and freight costs. TMD Security GMBH.
Cerasis
JUNE 15, 2015
Many customers who grappled with the 2014 situation , are now strategizing to head off the future issues by securing resources in advance, establishing longer-term agreements with carriers. Preferred shippers maintain complete, detailed communications about each freight load with carriers. Implement a Transportation Management System (TMS) to comprehensively manage logistics surrounding and including the shipping function as well as related performance metrics.
Cerasis
JUNE 8, 2017
The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. The cloud-based logistics has lots of metric tools. The increase of security level for such systems is expected. The cloud-based solutions and applications are quickly conquering the markets all over the world; they deemed to be highly scalable, easy to manage and cost-effective.
Talking Logistics
SEPTEMBER 11, 2015
Trade security became a priority and various initiatives were launched in the months and years that followed, including Customs-Trade Partnership Against Terrorism (C-TPAT), the Container Security Initiative (CSI), the Advanced Manifest Rule (AMR), Smart and Secure Trade Lanes (SST), and most recently, the Importer Security Filing (aka “10+2”). Every single link in that chain must be made more secure against the terrorist threat.”. Today is September 11.
TMC
OCTOBER 6, 2016
Transportation management system (TMS) technology helps companies to manage a host of performance metrics – including working capital. The link between freight transportation and this financial metric might not be obvious, but working capital is a key measure of a company’s efficiency and a number of the logistics metrics that are monitored by TMS solutions impact its performance. High-value metric. Is Working Capital on Your Logistics Dashboard? Connect.
DynaSys
JANUARY 13, 2021
Your Finance department is minding this metric in particular. Therefore this year is the time to start working on supplier base security for the future. A Three Part Article Series from QAD DynaSys – COVID-19 and Resilient Supply Chain.
SupplyPike
APRIL 10, 2020
Where possible, provide daily updates and/or schedule weekly meetings to work through different options for securing an adequate supply of essential high-demand items. This can be a more costly option with considerations like additional freight and storage costs, but it can act as a stopgap to help your instock goals during the pandemic.
TMC
SEPTEMBER 27, 2018
As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates. 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.
TMC
SEPTEMBER 27, 2018
As shippers compete for capacity, many are asking what they could be doing to secure the best truckload performance and rates. 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.
Supply Chain Collaborator
MARCH 13, 2017
Worst of all, there are usually no scorecards or other performance metrics to help the shipper measure and improve on performance. Moreover, these solutions are opaque in terms of data security and redundancy in the event of system disruptions. Want freight and route optimization? However, you might be shocked to learn just how high are the markups your 3PL adds to your freight. In business there are trade-offs to be made at every juncture.
BlueYonder
DECEMBER 22, 2017
Large corporations are also hedging on securing capacity, creating more capacity challenges in the marketplace. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas. In order to prepare for capacity changes, you need to proactively secure capacity, recognize and reward the more reliable carriers and minimize your exposure.
Zipline Logistics
JANUARY 24, 2020
Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. OTIF metrics are not universal. When you give your logistics partner advanced notice, they can secure the most reliable carriers, cut costs, and ship orders with necessary buffer time.
MAVES
JUNE 24, 2019
Their concerns include: infrastructure, economic stability, freight and supply chain transparency, tax regulations, security, and cross border shipping details. This in turn changes the concerns of the 3PL including: workforce readiness, freight and supply chain transparency, just in time and efficient services, regional / global networks and the delivery of services that meet both their partner’s and their client’s high expectations. Advanced Analytics / Metrics.
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