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Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. According to the Harvard Business Review, “vital information is often not available or accessible across their global teams.

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

Cerasis

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!). Transportation is measured just as a cost rather than what it does for the rest of the organization.

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[PODCAST] How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data

Cerasis

On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. In this “The Freight Project Podcast” episode you’ll hear : Hannah address one the biggest issues shippers face today: rising transportation costs. Listen to “How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data” on Spreaker.

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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.

Why Collect Shipping Doesn’t Work for CPG Brands

Zipline Logistics

Collect shipping or customer pick-up (CPU) delivery options are an often promising solution for brands working with large, nationwide retailers. . What is Collect Shipping or Customer Pick-Up Pricing?? . Collect Shipping and Loss of Supply Chain Control .

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.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? .

Why Logistics and Transportation Should Digitize

3rdwave

By converting all that information into a dynamic virtual representation of the real world, Logistics increases control over the global supply chain and is able to provide greater support to internal organizational teams that are reliant on that information. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. 5 Reasons Logistics and Transportation Should Digitize. What is Digitization?

Why Samsung Might Turn to Blockchain for Its Global Supply Chain

Supply Chain Brain

In total, the company’s logistics division, Samsung SDS, will take on 1 million shipping units and 488,000 tons of air cargo. Business Strategy Alignment Global Supply Chain Management Global Trade & Economics Quality & Metrics Supply Chain Security & Risk Mgmt. SC Analysis & Consulting High-Tech/Electronics All Logistics Transportation & Distribution Global Logistics

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3 Initiatives Driving Sustainable Transportation and Logistics Management

Supply Chain Nation

Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. Department of Energy calculated that CO2 emissions from transportation surpassed two billion metric tons ; it’s hard to imagine what that number looks like today. The realities of today’s complex global marketplace make fulfilling sustainability objectives anything but simple as companies navigate fulfillment, transportation and logistics challenges.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

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). It is hard to monitor the performance of employees in today’s global economy.

Why Logistics and Transportation Should Digitize

3rdwave

By converting all that information into a dynamic virtual representation of the real world, Logistics increases control over the global supply chain and is able to provide greater support to internal organizational teams that are reliant on that information. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. 5 Reasons Logistics and Transportation Should Digitize. What is Digitization?

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

Supply Chain Network

With maritime transport growing at an average rate of over 8.5 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. Spire Global has worked with Odyn.ai

Global Trends in Digital Supply Chain - 2018 Review

Abivin

reduced costs, shorter lead times and better product quality associated with the implementation of ISO 14000 standards, which provide a framework for environmental management issues) Source As the public becomes more aware of environmental issues and global warming in 2018, consumers are asking more questions about the products they are purchasing. In the past, by using more natural gas for its ground fleet, UPS decreased CO2 emissions by 100,000 metric tons in 2016.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Warehouse Management and Transportation Management were in their infancy. It should not be functional, with a narrow focus on a singular function like manufacturing or transportation. Stage 2: All about Transportation. It is usually driven by the logistics and transportation functions. The flows are typically linear and the analysis is on alternate modes and best shipping lanes.

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). TMS has become an indispensable tool in a growingly competitive and complex transportation landscape.

The Better Goal: More Fuel Efficient Trucks or Using Fewer Trucks?

Talking Logistics

Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) jointly proposed standards for medium- and heavy-duty vehicles that would improve fuel efficiency and cut carbon emissions. According to the press release : The proposed standards are expected to lower CO2 emissions by approximately 1 billion metric tons, cut fuel costs by about $170 billion, and reduce oil consumption by up to 1.8 Last Friday, the U.S.

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

BluJay Solutions

All these goods have to be transported on time from their supplier or manufacturing location — often at the other end of the world — to the stadium or the athletes’ lodgings. million shipped items and 60 metric tons of air freight.*. Multimodal transport: A multi-layered, connected carrier network is essential. This allows quick, efficient ability to redirect orders and transport changes while en route.

Cloud-Based TMS Helps Develop Sustainable Relationships in Transportation Logistics

Supply Chain Collaborator

Tom Cook has authored nineteen books on global trade and supply chain. Nothing makes transportation managers more unsettled than the unknown. Cloud-based TMS solutions are designed to eliminate the unknown, providing visibility into all facets of transportation management from carrier performance to fuel and assessorial charges to yard/dock-door performance and a host of other data points.

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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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. Transport.

5 Strategies for Successfully Outsourcing Shipping Logistics

CH Robinson Transportfolio

Outsource models and solutions may look similar on the surface, but the level and quality of the activities performed will have an impact on other parts of the organization beyond transportation. Be prepared to discuss your desired metrics and future expansion plans. But successful outsources can also bring talent and technology inside your company, leaving your organization in strategic control of its transportation network. Often in my work in the C.H.

Upcoming Changes to Walmart On Time in Full (OTIF) Program: What You Need to Know

CH Robinson Transportfolio

Suppliers will be held to the current compliance metrics through September 14, 2020, and new metrics and financial penalties for non-compliance begin on September 15, 2020. As both a provider and supplier into large, global retailers, C.H.

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. Global Supply Chains Inventory Management Market-Driven analytics control tower performance measurement Supply chain excellence visibility

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Is Your TMS Technology Ready to Drive Supply Chain Excellence?

CH Robinson Logistics

And the right technology, specifically a transportation management system (TMS) is the connective thread that makes the highest level of supply chain success possible. Over the past few months, I’ve posted about what you need for transportation success: 1. Pillars to a Successful Transportation Experience: Carrier Management”. How to Use Freight Attributes to Your Greatest Shipping Advantage”. Why Transportation Needs to be Included in Supply Chain Collaboration”.

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

Talking Logistics

Uber Freight: Transportation Facility Brand Managers. As reported by Transport Topics , “Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities.” 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.

TMS Systems: The 3 Core Areas & 9 Main Features to Expect Upon Evaluation

Cerasis

Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. Often, the deployment of transportation management software systems or TMS systems is a great aid in reducing overall hard and soft transportation costs. Does your organization engage in global trade?

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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. An experienced 3PL provider will keep these in mind when advising the best options for you—helping translate an optimized supply chain into lower overall transportation spend. 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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The Story Continues…. Let’s Don’t Sugar Coat the Real Issue

Supply Chain Shaman

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. As a country, I think that we need to rethink supply chain flows for chassis, drayage and the unloading of larger ships. I don’t think that the ports are up to the challenge of moving the high-levels of freight with larger ships without rethinking unloading space, equipment and flows.

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].

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.).

Fast Shipping Will Put Us on Fast Track to Environmental Responsibility

Multichannel Merchant

According to a Pitney Bowes study, an overwhelming 91% of consumers will leave a business when shipping isn’t free or fast enough for them. While these two trends may seem to conflict, the truth is that fast shipping, if correctly managed, can be a powerful tool for reducing a company’s carbon footprint and helping the fight against global warming. Are they even measured on the same metrics?

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. As we look forward to the new year, it’s important to understand why these new regulations are taking place and how IMO 2020 will impact the global shipping market. million metric tons annually.

Omni-Channel Supply Chains Are Changing Everything You Ever Learned in School…

Supply Chain View from the Field

A senior executive from a large global manufacturer came to speak in my MBA class this week, and discussed the major shifts in global business that was occurring due to the emergence of omni-channel capabilities in the supply chain. To give you an idea of what this is doing, the classic retail metrics, “same store sales” and “sales per square foot”, are no longer being reported by Macy’s department stores. Global considerations.

The Financial Dimension of Supply Chain Visibility [Episode Highlights]

Talking Logistics

Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance. To find out how having supply chain financial visibility can improve contract negotiations, and to learn how technology can help shippers gain financial visibility across global supply chains, I spoke with Larry Lewis, Kewill’s Senior Vice President, Americas on a recent Talking Logistics episode.