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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.

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.

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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.

The Top Finance Supply Chain KPIs to Measure for Shippers

Intelligent Audit

In the supply chain, it’s easy to get overwhelmed by data. In doing so, part of the battle comes down to the executability of finance supply chain KPIs. Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics.

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.

How to implement a supply chain management system

Unleashed

Successfully rolling out a supply chain management system can be an extraordinarily complex and stressful project – not to mention expensive. In this guide to implementing supply chain management systems: What is a supply chain management system?

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.

10 COVID-19 Lessons for a Resilient Supply Chain

DynaSys

A Three Part Article Series from QAD DynaSys – COVID-19 and Resilient Supply Chain. In this series, discover how the COVID-19 pandemic gave us the keys to build a resilient supply chain and add value to our Supply Chain.

Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

Major gateways like O’Hare are used to a mix of traffic, including scheduled freighters and frequent international passenger flights that bring freight in smaller chunks. The wave of freight that’s come through in the last couple of months has just been enormous.

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Supply Chain Scams and Fraud!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. So let’s discuss Supply Chain scams and fraud. Vulnerable Areas in Supply Chain.

eBook 60

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. The disruption caused by COVID-19 is unique in that it impacted supply chains across all industries. Leverage supply chain mapping.

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.

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. Download a Turvo Freight Broker Case Study.

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.

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.

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.

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.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

GlobalTranz

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.

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.

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.

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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.

So what is materials management? Here’s a guide to the basics

Unleashed

Chances are, especially in this strange new economy, life is going to get fairly complicated as you need to adjust the supply of materials to meet changing demand , as well as account for all the other little details that come along with purchasing and utilising materials.

What Is Vendor Management

The Supply Chain Journal

ithin the supply chain network, management has a lot to monitor. Yes, vendor management is part of supply chain risk management among business partners. This is why vendor management is so vital to the modern supply chain system.

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. Freight Class.

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.

Tips For Increasing Trucking Company Profit Margins With Technology

Turvo

For many managers at any carrier or trucking company today, profit margins are their most important metric. Here are a few ways that managers at carriers, trucking companies, 3PLs, and shippers alike can increase profitability: Connect the End-to-End Supply Chain to Improve Visibility.

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

GlobalTranz

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.

BluJay Continues Momentum with Focus on Customers, Growth, and Innovation

BluJay Solutions

BluJay Day is more than our celebration of BluJay’s ‘birthday’; it’s an opportunity to reflect on our progress in helping customers achieve excellence in supply chain logistics and global trade,” said Andrew Kirkwood, CEO of BluJay Solutions.

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

BlueYonder

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.

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.

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.

10 Benefits to Working with the Right Logistics Provider

Zipline Logistics

Outsourcing parts of the supply chain to a logistics provider has become commonplace for organizations further along in their growth cycle. A good provider allows customers to track their freight, isolate key performance metrics, and monitor their operation’s performance.

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

BlueYonder

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.

7 Easy Steps to Create an Inbound Vendor Routing Guide

GlobalTranz

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?”