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.

The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

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? On-Time Shipping.

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[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

GlobalTranz

Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. We hope you enjoy this comprehensive look into data, business intelligence, metrics, and the CORE KPIs every shipper and manufacturing or supply chain professional should know in order to continually improve business practices and reduce overall costs.

What is LTL Shipping?

SupplyPike

Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. Get better shipping rates. Freight Class.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. This measures the number of orders or order lines shipped on time and without backorders or shortages. This is calculated by dividing the total number shipped in full and on time by the total number scheduled. Unreimbursed Freight. Unreimbursed Freight. Choosing Metrics.

5 Ways Real-Time Freight Analytics Create Competitive Advantages

Turvo

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. ” Using real-time freight analytics effectively can be a game-changer for companies. It also is making shipping managers change the way they operate.

What are Ecommerce Shipping Zones?

Supply Chain Game Changer

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. Shipping Zone Definition. Subscribe Here!

23 Reasons the Ideal TMS is best for LTL Freight Shipping

GlobalTranz

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Freight Consolidation. Contract negotiation is becoming a major factor in shipping.

Freight Market Index: Expertise Reveals Itself in Times of Adversity

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the April 2021 Freight Market Index report. The metrics we see in the Freight Market Index (FMI) continue to tell the tale of a highly volatile market; one which remains very favorable to carriers.

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

The Supply Chain Journal

The problem stems from the rush of ad hoc all-cargo aircraft being substituted for grounded passenger jets amid the travel downturn combined with the surge in e-commerce orders, inventory replenishment and ocean shipping backlogs that have companies turning to air to move their goods.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations. Disaggregate freight spend data.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . One area that can quickly yield benefits is in parcel shipping. The distance traveled is one of the key factors in the cost of parcel shipping, so the shipping location plays a huge role in how expensive a shipment is.

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. By 1985, the Baltic Exchange published its first daily dry bulk freight index. A New Freight Index.

Using Shipping Data for Peak Season Preparedness Relies on Actionability

Intelligent Audit

Shippers should expect a surge in shipping volumes and tight capacity due to a historic rise in e-commerce transactions. These factors are driving shipping costs higher and shippers need to prepare. According to Supply Chain Dive , shipping “prices have fluctuated wildly.

The Importance of LTL Freight Management in your Supply Chain

CH Robinson Transportfolio

You need a less than truckload freight management strategy. Why is LTL freight management important to your supply chain? Leveraging a suite of solutions for less than truckload (LTL) freight has become the cornerstone of successful supply chain strategies.

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. In today’s world, anyone can start a business, grow into a successful broker, and work with the biggest names in shipping. Download a Turvo Freight Broker Case Study.

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.

Peak Freight Preparedness: Creating New Value Through Performance Management

Intelligent Audit

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.

[PODCAST] Why Logistics Execs Who Glean Insights from Transportation Management Data Collaborate More & Reduce Shipping Costs

GlobalTranz

Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. Why collaboration between all entities in the shipping process is really the key to success in effective transportation management. We hope you enjoy this very first episode of The Freight project podcast!

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.

11 KPIs to Measure Your Carrier Performance

Freight Center

There are hundreds of metrics you can use to measure your supply chain performance and creating a carrier performance scorecard should be one of them. Freight Shipping & Logistics

Why On-Time Shipping Performance Continues to Be Critical

Intelligent Audit

On-time shipping performance remains one of the most critical factors for shippers of choice. Accurate data and thorough freight auditing help keep supply chains running smoothly and effectively. On time shipping performance can have a direct and consequential effect on logistics and shipping and can be impacted directly in many ways. Not enough planning before, during, and after shipping. On-Time Shipping Performance Builds Better Customer Experiences.

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. Be sure not to penalize or reward suppliers based on your choice of shipping method. Specific Quality Metrics.

The Best LTL KPI for Measuring Freight Damage

The Logistics of Logistics

Cost, on time performance and billing accuracy don’t mean much if the carrier damages the freight. To minimize freight damage, begin measuring it with the damage free shipments KPI. Be sure to measure all damage not just freight claims filed. Damaged packaging, small scratches, and loose pieces are all upsetting to the receiver and the end customer so they should be documented and measured, even if there isn’t a freight claim filed.

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6 Tips to Reduce Total Logistics Cost Using Freight Data & Analytics

Intelligent Audit

This process uses real time dashboards to monitor and streamline shipping optimization, which lowers costs and increases team efficiency by reducing time needed to designate to a project. . Track the Right Metrics Based on Unique Operations. than measuring what’s happened.

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

GlobalTranz

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. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. LTL ltl freight

Managing a Third Party Logistics Partnership

The Logistics of Logistics

If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account. When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

What Are the Key Performance Indicators for the Shipping Industry

Intelligent Audit

And according to a fall 2020 study on invoicing practices, says JOC.com , “approximately three quarters of survey respondents manage freight for companies with more than $1 billion in revenue, including nearly 40 percent from companies with more than $5 billion in revenue.

Walmart OTIF Fundamentals

SupplyPike

Walmart suppliers are no longer graded on a single OTIF metric, though it is still tracked and available. Rather, you must meet each OTIF-related metric to avoid fines. Prepaid orders are shipped by you. OTIF Metrics.

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50 Most Read Articles of All Time in Manufacturing, Supply Chain, Logistics, Transportation, & Freight

GlobalTranz

Since today is the last day of the year before we all get ramped up towards a productive 2016 and after finishing out top 10 most read articles in each of our five main categories ( Manufacturing , Supply Chain , Logistics , Transportation , & Freight ) we wanted to give you all a treat and list the top 50 most read articles of all time from the Cerasis blog. 8 Most Common Reasons Why You May Receive a Freight Claim Declination Letter. Happy New Year!

Multi Carrier Shipping: 8 Ways to Avoid the Shortsightedness Of Chasing The Least Cost Carrier

GlobalTranz

When you are looking to choose a carrier when it is time to ship your freight, it might seem obvious to go with the carrier that provides you with the lowest “sticker price.” The best practice, even speaking broadly, in the world of LTL shipping and most modes, is to have a multi carrier shipping mind set. You have to think about several factors beyond just the freight rate. Paying a little more to get the freight to them on time is worth it.

Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Key Process Indicators vs. Metrics. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. Only the most important metrics can grow up to become KPIs.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

The flows are typically linear and the analysis is on alternate modes and best shipping lanes. This work is typically periodic to accompany a freight bid or an end-to-end project. I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta. Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design.

C.H. Robinson’s profits soar on higher truckload and ocean rates

The Supply Chain Journal

As global shipping markets remain disrupted, our team around the globe stayed focused on serving the needs of our customers and delivering innovative solutions to keep global supply chains moving. Robinson freight brokerage freight forwarding Q1 2021 earnings

The Best LTL KPI for Measuring Cost

The Logistics of Logistics

The LTL cost per pound is also completely transparent (can’t tweak the numbers) and it provides great insights into a company’s freight spending. One of the reasons, to use LTL KPIs is to know whether the shipping function is improving. The KPI gives the shipper an objective measure to compare freight rates, different weights, freight class, carriers and shipping locations. Without the cost per pound KPI, it is difficult to analyze LTL freight costs.

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