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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Promise time, lead time, cycle time, transit time, delivery time, unloading time, processing time, queue time, quality assurance time, processing time, turnaround time, receiving time, and shipping time to the customer, (and I bet you could think of more "times" to measure!). 10 Soft Metric Considerations in Measuring Supply Chain Performance.

The 10 Procurement Metrics that Matter in 2021

Unleashed

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement?

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13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Complexity in the global supply chain has increased dramatically since that time.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

I think what’s happened particularly in the last ten years is that the focus on cost reduction and being competitive has really driven that need for rationalization in the supply chain, and of course for the globalization that we’ve seen. Will people change their sourcing strategies?

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc).

Global Luxury Management “Lifestyle” brands require push supply chain design customization

Supply Chain View from the Field

More and more global luxury brands such as Gucci, Louis Vuitton, and others are promoting themselves as Lifestyle brands, spanning many products including fragrance, home collections, apparel, paint, wallpaper, foods, and many other products. Such brands may ship small runs of five bags, gowns, or shoes that cost thousands of dollars, whereas typical apparel products are produced in volumes of hundreds of thousands going to low cost retailers.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. 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).

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

Supply Chain Network

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. 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. Includes decoded fields, additional metadata about source and flag country, data filters, and 7-day archive.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Complexity in the global supply chain has increased dramatically since that time.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider.

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

What’s my shipping strategy? Source your products. Before you build an online store, you need to source your products. There are several avenues you can take to source products from working with local stores or suppliers to wholesale distributor options.

Stranger things: Air cargo becomes value play over ocean freight

The Supply Chain Journal

That’s what happens when container shipping rates exceed $20,000 per box and air cargo, normally used for high-value goods and perishable products for which speed to market is critical, doesn’t seem budget-scary anymore. Shipping by air at the time was 12 times more expensive than by ocean.

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How to Prepare for Logistics’ Peak Season

Zipline Logistics

A strong holiday season is rolled into this prediction and is a source of substantial revenue for retailers and CPG shippers alike. Because of the fluid situation resulting from the global pandemic, this influx caught many shippers off guard.

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). Their concerns include: infrastructure, economic stability, freight and supply chain transparency, tax regulations, security, and cross border shipping details. The following is a list of the most influential new requirements driving the modern supply chain to adopt change: Globalization of Business. Advanced Analytics / Metrics.

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Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

million shipped items and 60 metric tons of air freight.*. Large global events like the World Cup underscore the requirements involved in the daily work of logistics and supply chain. Companies are confronted with an ever-more challenging, multifaceted environment, and a global economy. With an end-to-end supply chain platform and Global Trade Network, organizations get competitive advantage to deliver on their goals and win more customers. Source: [link].

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. The focus is on functional metrics, but are unable to get to overall supply chain metrics. However, to use these data sources, we must break paradigms and focus on the use of non-relational techniques. We finished dinner.

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The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

The result is expensive; using faster shipping methods to get the part back on the shop floor. Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment. Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In Founded in 1988 in Milpitas, California, SanDisk is publicly traded on NASDAQ with 8,600 employees globally, and market capitalization in 2015 over $13B. The supply chain is vertically integrated and global shipping almost 2 million units daily.

Food Trends That Could Have an Impact in 2021

Zipline Logistics

Since much of the previous year in business and elsewhere was defined by a global pandemic, we are left asking what will 2021 look like for food and beverage shippers. Increased Sourcing Transparency . NEED TO SHIP YOUR FOOD AND BEVERAGE PRODUCT?

How China became the big winner of the COVID era

The Supply Chain Journal

When news first broke of the COVID lockdown in Wuhan, the initial prediction was: The virus will cripple the economy of China, which is the engine of global trade, and that will be terrible for the shipping business. of the global orderbook. million metric tons last year.

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

Talking Logistics

Here are the ones that caught my attention: Maersk and IBM Introduce TradeLens Blockchain Shipping Solution. project44 Launches Global Parcel Visibility. Blockchain in Global Trade: Maersk, IBM, and CBP. 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.” This is self-contradictory,” said Jansen at the [Global Liner Shipping Conference].

Why a green company culture is the key to corporate sustainability

The Supply Chain Journal

Tracking performance metrics like time, spend, audits, and certifications will help you understand whether or not your sustainability efforts are paying off. Take the company’s carbon neutral FlockDirect shipping service, for example. Want more information about carbon neutral shipping?

Countdown to Black Friday: It’s the Final Countdown, So Get Your Shipments Up in the Air

CH Robinson Transportfolio

Understand the metrics of air cargo: time and money. In addition, consider the ancillary services that happen behind the scenes, such as customs clearance and distribution/delivery sourcing. To learn more about how air cargo can help optimize your global supply chain, download: Optimizing Your Supply Chain with Air Cargo. Global Transportation Air Black Friday Shipping

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We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

After all, supply chain management is about getting things moving, and that applies not only to roads, airports, and ships, but to how we think about getting things to people.

New IMO 2020 Regulations Help Reduce Marine Sulphur Emissions

CH Robinson Transportfolio

This bold initiative, which goes into effect on January 1, 2020, will help reduce the environmental impact of the international shipping industry. . These IMO 2020 regulations require the lowest globally applied requirements of sulphur oxide emissions to date.

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

Talking Logistics

req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. A single bad review from a disgruntled driver or carrier, even if it arose from an isolated incident, can damage that shipping or receiving location’s “brand” and make it difficult to get loads covered or delivered. The growing uncertainty and risks in global trade management (e.g.,

FreightWaves Flashback: World ports reach 201 million TEUs

The Supply Chain Journal

Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. based Drewry Shipping Consultants. Source: Drewry Container Market Quarterly.

Crowley developing first fully electric tugboat in US

The Supply Chain Journal

3,100 metric tons of carbon dioxide. The tug was originally designed to complete two standard ship assist jobs in a row without charging or utilizing the backup generator. Shipping groups want action on $5B fund for zero-emission fuels, tech. The first fully electric U.S.

Defining the Full Scope of Visibility in the Supply Chain

Turvo

Of all the components that make up the modern supply logistics and shipping network, the one that can significantly impact operational efficiency is visibility into the supply chain. It all comes down to sharing information and unifying the data streams within a single source of truth.

The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

The Descartes Global Logistics Network has 16,500+ customers on it, with more than 13 billion messages processed per year and more than 66 million routes/resources managed per year. The two largest segments by revenue — Global Trade Content and Routing, Mobile, & Telematics — are also the two fastest-growing parts of its business. . getting buy-in from drivers and other stakeholders) and implementing appropriate metrics to measure and drive performance.).

How Pure Storage Withstood the Pandemic

Logistics Viewpoints

Shipping of finished products is done from the manufacturing sites. The factory then builds, tests, and ships product – often within 24 hours. Dual sourcing has also helped with partner responsiveness. This gives Pure real-time visibility to core performance metrics.

US wants to reclaim critical rare earth supply chain

The Supply Chain Journal

The metal started in a mine in southern Georgia, then was shipped to a Utah processing plant and finally to a rare earth elements separation facility in Estonia. million metric tons of rare earth reserves in the U.S. and more than 15 million metric tons in Canada.

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Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

As driver pay increases, so does the incidence of drivers jumping ship, switching companies for the next best payday. Capturing it, cleaning it, screening it and analyzing it to determine better routes, better prices, and better sources is foundational to smart logistics operations.

5 Steps to Supply Chain Orchestration Success

OneSCM

Receivers know when items have shipped and what size shipment to expect and when. Opening up the relationship and sharing information and metrics across all critical departments gives trading partners insight and allows them to understand where they can best improve the quality of their products and services. Can you see and manage your entire global supply network from one single source? We call it a single source of “data truth.”

Sea change: Testing maritime uses for alternative energy

The Supply Chain Journal

It was the Energy Observer’s latest stop on a seven-year, around-the-world cruise to test and publicize the role alternative energy could play in the shipping industry. Recently it announced plans to support production of 12,000 metric tons of biomethane.