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Walmart OTIF Metrics

SupplyPike

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.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

Peak Freight Preparedness: Creating New Value Through Performance Management

Intelligent Audit

Disruption is the new normal in supply chain management. 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.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners. Most companies are still just in the “tire-kicking phase,” says Chris Kirchner, chief executive officer and co-founder of Slync , provider of a blockchain platform for the supply chain.

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

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.

Guest Post: Ignoring this Performance Metric is Risky

TMC

There are many ways to measure supply chain performance in terms of resilience, but there is one that’s easily overlooked even though it is gaining in importance: Detection time. By that I mean the time measured from the instant a company realizes it will be hit by a supply chain disruption to the time the incident actually takes place. Companies that are quick at detecting supply chain disruptions are more competitive than slower enterprises in a number of ways.

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

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.

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

6 River Systems

Supply chain management is a multi-faceted process with many stakeholders and even more moving parts. New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering profitability. Effective supply chain management offers numerous benefits for companies, so overcoming challenges to keep things running smoothly is a top priority for supply chain professionals.

50 expert tips on supply chain management

6 River Systems

The COVID-19 pandemic caused unprecedented global supply chain disruptions, impacting the flow of parts and finished goods around the world. At the same time, supply chain disruptions resulted in shortages of vital parts and components, and retailers such as grocery stores faced challenges keeping items like toilet paper, hand soap and sanitizer and disinfecting wipes on their shelves. Build flexible supply networks to minimize the risk of disruption.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

A poorly functioning warehouse is tantamount to a poorly functioning supply chain. Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Access to the TMS is available across an organization, reducing organizational silos and forming a more cohesive supply chain. Increased Security of Information. Mobile Access to KPIs and Metrics.

The Global Supply Chain is Evolving – Are you ready?

MAVES

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). Companies that manufacture and distribute goods are relying more and more on the agility of their 3PL partners to provide the appropriate services to keep their supply chain efficient and their customers happy. Advanced Analytics / Metrics. Automation of the Supply Chain.

3PL 40

UPS Executive Shares Insights on Total Cost of Ownership in the Electronics Supply Chain

Supply Chain View from the Field

This distinguished gentleman happened to have just retired as President of Global Freight Forwarding, and prior to that, as President of UPS Asia Pacific. What are the metrics used to measure performance is part of the contract terms, especially around on-time service commitments. ” “Security is one of the tightest with electronics. Ken Torok came to my class on Monday evening, and provided a delightful discussion on total cost of ownership.

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

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. But I was right with some of my other predictions, especially my prediction that we would see a rise in cyber attacks in 2017, with supply chain and logistics operations becoming new targets. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.”. Source: Evan, Flikr.

Fix Your Retail Supply Chain to Make the Last Mile Count

Logistics Bureau

Now before you write off my statements as something you already knew, here’s a fact you might not be so familiar with: For your last mile services to compete successfully, you need to ensure that your entire supply chain (or at least the parts you can reasonably control) is set up to support a winning last-mile strategy. These decisions all require steps to be taken throughout the supply chain to support them. Read More: The Future of Retail Supply Chain.

What is LTL Shipping?

SupplyPike

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.

This Week in Logistics News (September 7-11, 2015)

Talking Logistics

Remembering 9/11 seems more important to me, even if it doesn’t directly relate to supply chain and logistics. 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”).

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. Customer Experience is Driving Supply Chain Innovation, Says Report from BluJay Solutions and Adelante SCM. Back in January, IBM and Maersk announced plans to form a joint venture focused on “applying blockchain to improve global trade and digitize supply chains.” I’m back from vacation. Well, back physically.

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

Cerasis

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. These are some tips we gathered from one of our vendors who powers most LTL rating engines, SMC³, a supply chain technology provider on better request for pricing (RFP) bidding.

Using Shipping Data for Peak Season Preparedness Relies on Actionability

Intelligent Audit

According to Supply Chain Dive , shipping “prices have fluctuated wildly. 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.

Data 52

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

Supply Chain Nation

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.

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

Your supply chain’s key performance indicators support tactical, day-to-day business decisions, so ensuring you are reading them correctly is imperative. The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” If you only focus on the data in your own supply chain, you could be missing the bigger picture, and ultimately, misreading your KPIs. You need to explore the metric relationships to see the full story.

The World Bank Cares About Logistics

Supply Chain View from the Field

Jomini for military logistics, which was at the heart of ending Napoleon’s campaign in Russia where the government was the supply chain operator. This disaster was relived and the art of moving goods and supply was a big issue, with government as the driver. Working with governments, the World Bank focuses on competitiveness of logistics growth as a key driver for economic growth, due to the importance global value chains and supply chains.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

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?”

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. 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 supply chain management helps you to schedule and set the deadlines more efficiently as executives possess all the needed data and can react on issues at once.

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

Supply Chain Nation

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. appeared first on Supply Chain Nation Blog.

5 Reasons to Synchronize Your WMS and TMS

Supply Chain Nation

There’s always been an inherent separation between planning and actual execution within the realm of the supply chain. Historically, this separation resulted from the gap in time — measured in months for some aspects of supply chain planning — between planning and when orders begin to be placed. In the realm of supply chain execution, and specifically transportation planning and order fulfillment, this isn’t the case.

Cloud-Based TMS: 7 Reasons Why Transportation Management Systems Have Their Heads in the Cloud

Cerasis

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.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. One of such software is transportation management system (TMS) which is a subset of supply chain management regarding transportation operations (Mei & Eliot, 2017). Integration with leading ERP, WMS or OMS system Information silos are the enemy of the connected supply chain.

5 Reasons to Synchronize Your WMS and TMS

Supply Chain Nation

There’s always been an inherent separation between planning and actual execution within the realm of the supply chain. Historically, this separation resulted from the gap in time — measured in months for some aspects of supply chain planning — between planning and when orders begin to be placed. In the realm of supply chain execution, and specifically transportation planning and order fulfillment, this isn’t the case.

Where have all the Truckers Gone? 10 Strategies for Shippers to Fight the Capacity and Trucker Shortage

Cerasis

A thorough analysis provided by the Council of Supply Chain Management Professionals , (CSCMP) in its “ State of Logistics ” report, indicates that by 2017, shippers in the U.S. 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.

Best Practices to Improve Your Truckload Service and Price

TMC

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.