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10 Multimodal Metrics to Track for Transportation and Shipping

GlobalTranz

Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference. Uncategorized multimodal metrics

Transportation Metrics That Matter Most to Track and Improve Performance

GlobalTranz

As supply chains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Why Monitor Transportation Metrics. Start Tracking the Right Metrics by Choosing the Right 3PL.

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

GlobalTranz

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Total Manufacturing Cost Formula: Metrics that Matter

QAD

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. Why is it Important to Calculate Total Manufacturing Costs for Supply Chain Efficiency? Maybe you could reduce shipping costs by making more bulk purchases or buying more locally.

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.

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed.

The 10 Procurement Metrics that Matter in 2021

Unleashed

Purchase management improves profitability by helping to reduce raw material costs, streamline processes, and identify better sources of supply. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities. Supply chain cycle time.

A New Decade: Give Science A Chance

Supply Chain Shaman

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. Understand Industry Performance.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Supply Chain Index.

Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

Driver shortages have become even more of a reality in the supply chain industry for a number of reasons, chief among them being the sharp rise in demand. As driver pay increases, so does the incidence of drivers jumping ship, switching companies for the next best payday.

Consumers Priorities Driving Major Supply Chain Changes

Kinaxis

Free shipping? How about completely changing the way you operate your supply chain? The rules around supply chain management are changing, and customers are sitting firmly in the driver’s seat. More and more companies are making big, public announcements on how they’re changing their supply chain practices to better align with what their customers care about.

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. to-Europe rare earth supply chain, and is one of only two current U.S. and more than 15 million metric tons in Canada.

Alloy 83

Supply Chain KPIs You’ll Want Every Morning

Logility

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Supply chain cost per unit sold. Your Supply Chain Type.

Borderlands: Shipping container squeeze hits US soybean exporters

The Supply Chain Journal

This week: US agricultural exporters experiencing shipping container crunch; TForce Logistics expands last-mile delivery in Texas; Dachser expands operations in Arizona; and TexAmericas Center to expand rail service. US agricultural exporters experiencing shipping container squeeze.

Texas 69

Building the Business Case for Supply Chain Risk Management

GlobalTranz

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

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. Keeping this focus continues to be essential for the management of the supply chain. .

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. The Customer-Centric Supply Chain Strategy needs both.). Supply Chain Alignment.

Preparing Skills for the Future of Supply Chain Management

Kinaxis

by Bob Ferrari The following guest blog commentary is contributed by Bob Ferrari, Founder and Executive Editor of the Supply Chain Matters blog and Managing Director of the Ferrari Consulting and Research Group LLC. My topic was: Positioning Your Skills for the Future Needs of Supply Chain Management , and in this 21 st Century Supply Chain guest blog, I wanted to share some of my key messages to this audience as well, since this is a topic frequently brought up.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Financial balance sheet improvements cannot be driven by traditional supply chain processes. In the words of a supply chain leader yesterday, “Lora, please give me stories of success. I will write the case studies here, and share the dialogue with the supply chain leaders in our podcast series, Straight Talk with Supply Chain Insights. When I first met Nick, he was driving a supply chain transformation at VTech Communications.

Making Supply Chains Fit for Function

Enterra Insights

With so much being written and discussed about supply chain transformation, it’s good to remind ourselves what supply chain management is fundamentally about. Lora Cecere ( @lcecere ), Founder and CEO of Supply Chain Insights, bluntly states, “The best supply chains are fit for function.”[1] ”[1] She goes on to note that today’s supply chains need leadership not management.

SCM 109

A Guide To Retail Supply Chain Management- Moving To New Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

Resilience Equals Performance in Supply Chain – How to Improve It

Logistics Bureau

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. If the COVID-19 crisis taught us anything, it’s that a single, cataclysmic event can bring industry and commerce to a near-standstill. Measure Your Progress in Supply Chain Resilience.

The Supply Chain Workload Iceberg!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization. This can be analogous to the work done in Supply Chain. The Supply Chain Workload Iceberg.

How Supply Chain Planning Can Create Profit in a Declining Market

ToolsGroup

Therefore, traditional push-driven supply chains are wholly unfit for this situation. Fine paper is an example of an industry whose total addressable market has been shrinking for decades and looks set to continue (see figure). Rather than cutting back, our customer Mohawk Industries decided to lean in. 1] Mohawk sought to profit from the resurgent demand for ‘ analog experiences ’ by owning the fine paper space and transforming its extended supply chain.

Supply chain planning in the digital age

Kinaxis

by Melissa Clow Recently, Madhav Durbha, Vice President of Industry Strategy at Kinaxis was interviewed by SupplyChainBrain on supply chain planning in the digital age. I wanted to share their fascinating conversation with our readers – check out the video interview and transcript below: Supply chain planning in the digital age. How are supply chains becoming more complex? So looking at your supply chain end-to-end network, right?

Challenges and trends in the food supply chain

Unleashed

What is the food supply chain? Knowing your food supply chain from start to end allows you to address challenges and ensure the supply chain functions effectively and maintain customer satisfaction. How does the food supply chain work?

Takeaways from the 2018 Gartner Supply Chain Executive Conference

Kinaxis

by Dr. Madhav Durbha Supply chain insights from leading industry experts. Supply chain skills in high demand, digital twins, disruptive technologies, and other takeaways from the 2018 Gartner supply chain conference. I just returned from the highly engaging and inspiring Gartner Supply Chain Executive Conference in Phoenix, Arizona. Here are some key takeaways from the Gartner supply chain event: 1.

NASCES 2016: End-to-End Supply Chain Management Transformations

Kinaxis

by Trevor Miles I was at the North American Supply Chain Executive Summit in Chicago earlier this week. What kept nagging at me though is that the presentations were largely about “righting the ship” rather than “moving from ship to air.” But I couldn’t help think that much of the advice was focused on doing well what we have been doing in supply chain for the past 20-30 years. Supply chain management End-to-end supply chain management

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. What is it that makes Costco’s Supply Chain so effective?

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During During the last two months, we have been interviewing supply chain leaders to get their views on the methodology. Background on the Supply Chain Index.

Container ships to soon ‘sea’ low-carbon investments

Resilinc

Container ships are the backbone of world trade. According to Statista, the world’s merchant container ship fleet grew from 11 million metric tons (mt) of deadweight tonnage (a measure of a vessel’s weight-carrying capacity) to 275 million mt in 2020—a 2500% increase.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. Let’s explore some of the technology changes that organizations should consider as they align their corporate goals and objectives to utilize big data to improve their end-to-end supply chain visibility.

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?