10 Multimodal Metrics to Track for Transportation and Shipping

Cerasis

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

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

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? What distribution center metrics are you tracking or are not listed here?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Transportation is measured just as a cost rather than what it does for the rest of the organization. Again, not saying cost reduction is an indicator of poorly measuring supply chain performance, but it's not the only thing to measure when considering transportation. Other areas to consider measuring as it relates to transportation: Managing inventory.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […].

Trends 130

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

BONUS: Download the Ultimate Guide to Transportation Reverse Logistics White Paper. Conventional logistics service providers had very few alternatives for reversing the channel; however, as the technology has progressed, companies using a robust, proficient reverse logistics system have benefited from: Reduced administrative, transportation and aftermarket support costs. Importance of Metrics in Reverse Logistics Management.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

Putting a stick in the eye of the industry is hard work. There are many forms of decision support—price optimization, revenue management, transportation planning, spend management, network design. The industry has too many events. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. An orbit chart is a plotting of data at the intersection of two metrics.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

Lean 179

Consumer Demand Helping Drive 3PL Industry Growth

Talking Logistics

This has created what some in the industry are referring to as “supply chain impatience.”. As a result, many organizations are turning to third-party logistics providers (3PLs) and enhanced transportation management systems (TMS) to deliver the velocity, visibility, predictability and control they need. Combining Technology and Industry Expertise. What is driving this growth is much-needed industry expertise.

3PL 151

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

Cerasis

“The Freight Project Podcast” – Episode 5 – Hannah Testani, Intelligent Audit, COO – How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data In this episode, Hannah and I will talk about how she got involved in the logistics industry and how she, as COO, is positioning Intelligent Audit for the future aiding her father who founded the company over 20 years ago.

Data 189

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

The key to better logistics is a streamlined system that utilizes business intelligence and processes that yield transportation optimization. The Challenges of Limited Transportation Technology and Data. Without transportation optimization, those problems become the norm.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re Here are some details from the press release: LeanFleet allows shippers to plan and execute their private fleet and contract carriers on the same platform, providing visibility across the entire transportation network.

The “First Five” Industrial Manufacturing Trends of 2017

Cerasis

Current industrial manufacturing trends show the new administration is pushing for reshoring among the nation’s biggest manufacturers, and new technologies are revolutionizing how companies respond to growing skepticism and scrutiny by the public and government oversight as well. The "First Five" Industrial Manufacturing Trends of 2017. The Industrial Internet of Things (IIoT) is no longer the newest kid on the block. Metrics are like Big Data; they can appear useless.

The Top 5 Transportation Management Blogs of 2016 …So Far

Cerasis

Today's post will cover the top 5 Transportation Management blogs from 2016 so far. Top Transportation Management Blogs from the First Half of 2016 So Far. The transportation management blogs category most top viewed blog posts from the first half of 2016 included several elements of the transportation management. From transportation management trends to creating a competitive logistical edge. 6 Transportation Management Trends for 2016.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” The methods of evaluating metrics or developing KPIs vary significantly from company to company. If you are looking for more insights from your data in transportation, contact Cerasis to inquire about our reporting we provide to our shipper customers who use our transportation management system as an enablement tool towards transportation procurement efficiency.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Relying on our experience in the industry and academic field, it is worth to say that if everything is urgent, nothing is urgent! Industry 4.0. Industry 4.0

Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The impact of the elongation of payables on receivables varies by industry, but on average across the industries increased eighteen days when comparing the past five years to the pre-recession years. It is worse in some industries. Days of Receivables by Industry. Days of Inventory by Industry.

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

Cerasis

Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Why collaboration between all entities in the shipping process is really the key to success in effective transportation management. Transportation Management Data Downloadable Resources.

Building a Strong Transportation Management Foundation [Episode Highlights]

Talking Logistics

Building a strong transportation management foundation is a critical prerequisite for companies to execute their supply chain strategies and achieve their growth and financial objectives. Chris discussed the components of an effective transportation management strategy, how to develop and manage successful carrier relationships, and the need for well-defined Standard Operating Procedures (SOPs) and business processes. That includes historical performance plus industry benchmarks.

4 Questions Before Investing in a Transportation Management Solution

Talking Logistics

Managing transportation — the ebb and flow of rates, capacity, fuel and regulations — is an ongoing challenge for many companies, especially those still using spreadsheets and fax machines to plan and execute shipments. At some point, usually when costs are out of control or service levels are heading south, companies finally make the decision to invest in a transportation management system (TMS) or outsource all or part of their transportation operations to a third party.

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 Supply Chain Index will have a numeric rating of all public companies by industry sector for these three factors. My journey of sharing these insights with clients has culminated in the writing of my second manuscript, Metrics that Matter. How do you balance metrics ? .

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

The Most Popular 16 Transportation Blog Posts from 2014

Cerasis

We trudge on with our top posts from our main blog categories by page view for all of 2014 from the Cerasis blog by featuring another area Cerasis is an expert in: Transportation. In fact, transportation management is our specialty as we’ve been providing our shipper customers with a web-based transportation management system and managed transportation services since 1998. Top 16 Most Popular Transportation Blog Posts of 2014.

3 Components to a Complete Lean Transportation Management System

LeanCor

When we hear “transportation management system” at LeanCor, we don’t just think of software. Lean thinking can help organizations develop and maintain a fast, stable, efficient transportation management system. When shippers apply lean thinking to people, process, and technology in transportation, the results are significant. Are these practices part of your organization’s transportation management system?

Lean 186

The Top 10 Transportation Management Systems

The Logistics of Logistics

The Top 10 Transportation Management Systems. Each year as businesses of every size and industry fight to broaden market share the same old questions haunt the boardrooms, “How can we reduce transportation costs? The answer almost always requires close scrutiny of a companies supply chain infrastructure and the status of its Transportation Management System (TMS). Industry leading data security. Transportation Management Systems.

Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. While process industries focus on the efficient supply chain of mass production, marketing strategies focus on late-stage postponement strategies and customization. There is a pervasive believe in the industry that supply chain leaders are making progress. Companies balance supply chain metrics better in good times than bad.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050. Cost reductions sometimes go hand-in-hand with GHG reductions, but some measures could increase transport costs. Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service.

Tools 152

Cloud-Based TMS: 7 Reasons Why Transportation Management Systems Have Their Heads in the Cloud

Cerasis

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. For the applications of a TMS, the connected nature of the cloud uses real-time data in algorithms and cross-sectional analyses to define the most elusive of metrics and key performance indicators ( KPIs ).

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. The report also mentions that the global growth rate is almost double that of the US food industry. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods. Better transportation planning.

Guest Commentary: Tight Transportation Capacity, Not Flagging Demand, Behind ISM Report Showing Slowing Activity

Talking Logistics

Industry pundits were quick to seek reasons for the slowing of activity. “It Analysts point to the steep decline in orders for new transportation equipment as evidence that manufacturers are seeing weakness. Weather — If you’re in transportation you know all about the difficult state of affairs many North American shippers are faced with so far this year. No fewer than three major transportation hubs in the U.S.

The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

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. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. These non-traditional team members often come from other industries and work far from headquarters. They stay abreast of industry changes, threats and opportunities.

3PL 197

Prepare for 2020 by Reviewing Five Important Shipper Metrics in TMS

Supply Chain Collaborator

If your solution meets these criteria, here are the top five important metrics your transportation data can illuminate, providing operations with effective plans for the coming New Year. With the entire transportation industry being pushed toward achieving Amazon-style levels of track and trace capabilities, on-time pickup and delivery performance has never been more closely scrutinized. Review this metric to ensure you can deliver on your ETAs for customers in 2020.

5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? The transportation company’s culture and behavior should change to apply Lean thinking. Transportation takes time. The need to transport parts also drives inventory up, creates a need for space to store those parts, and uses energy for more forklift time and warehouse heating. The list of additional waste generated by transportation goes on and on. Understand Transportation Cost Structure.

Lean 68

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

Cerasis

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. 6 Benefits of Logistics Automation in a Transportation Management System. Happy New Year!

Key Ingredients to Formulating a Winning Supply Chain Strategy in the Process Chemical Industry

Logility

Aligning and integrating key performance metrics across the extended supply chain can be difficult. So, although inventory tends to be a symptom of other supply chain factors; forecast accuracy, customer service objectives, supply chain network design, transportation mode selected, etc. One of the biggest supply chain expenses for any process manufacturer is transportation of ingredients to plants and transportation of finished products to customers.