The Logistics of Logistics

FEBRUARY 15, 2013

A highly effective 3PL will use key process indicators (KPIs) to monitor logistics performance. 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. Logistics Key Process Indicators (KPI).

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

Intelligent Audit

DECEMBER 10, 2020

That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. We will take a closer look at the leading throughput supply chain KPIs needed for success for this two-part series. The so-called perfect order metric is the ideal supply chain KPI.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Intelligent Audit

JANUARY 28, 2021

Today, a large part of transportation management and shipment optimization focuses on analysis. One of the best ways for managers and team members to keep track of things is with a well-rounded logistics KPIs scorecard. But first, it’s essential to understand its value and why it’s a critical tool in the shipping manager’s playbook.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59

Unleashed

DECEMBER 11, 2022

When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them?

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

SCMDOJO

MARCH 19, 2024

Logistics Logistics involves managing the transportation and delivery of goods. Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Coordinate with carriers and optimize routes.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

crisp

DECEMBER 15, 2021

Establish a set of KPIs and set performance targets to measure your progress. . A good KPI to track for this goal might be a low out of stock (OOS) rate. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Is the warehouse shipping goods on time?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

The Logistics of Logistics

FEBRUARY 16, 2013

The best LTL KPI for measuring cost performance is cost per pound. The less than truckload (LTL) cost per pound KPI is easy to calculate (see below). Logistics Key Process Indicators (KPIs). LTL KPI – Cost per Pound Calculation. LTL KPI – Cost per Pound Calculation. Additional Reading on LTL KPIs.

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KPI Cost Reduction Strategies Third Party Logistics Metrics 100

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. There’s no dark art to freight benchmarking.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

The Logistics of Logistics

FEBRUARY 18, 2013

The best LTL KPI for measuring damaged shipments is simply the percentage of damage free shipments delivered. To minimize freight damage, begin measuring it with the damage free shipments KPI. LTL KPI – Damage Free Shipments. Insights from Damage Free Shipment KPI. Does your company use the KPI described above?

KPI 100

KPI Freight Third Party Logistics Metrics 100

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

The Logistics of Logistics

FEBRUARY 19, 2013

The best LTL KPI for measuring billing accuracy is simply the percentage of accurate bills. Regardless of who does the freight bill auditing, shippers should measure billing accuracy with the LTL KPI described in this article. LTL KPI – Calculating Billing Accuracy. Insights from Billing Accuracy KPI.

KPI 100

KPI Third Party Logistics Price Reduction Cost Reduction Strategies 100

The Logistics of Logistics

FEBRUARY 17, 2013

The best LTL KPI for measuring on time performance is simply the percentage of on time shipments. LTL KPI – On Time Performance Calculation. To calculate the on time performance KPI, simply divide the number of on time shipments by the total number of shipments. Insights from On Time Performance KPI.

KPI 100

KPI Third Party Logistics Metrics 3PL 100

Enterra Insights

APRIL 22, 2019

After all, shave off $20 here for a short lot, $5 there for a cracked pallet and $10 over here for a mangled shipping label, and before long, it can run into real money. Whether you KPI them on Turnover or Profit Margin, having them buy into OTIF is crucial to managing the customers’ expectations.” Footnotes. [1]

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

ShipBob

SEPTEMBER 24, 2021

In this article, learn how to track warehouse performance by monitoring the right KPIs. What are warehouse key performance indicators (KPIs)? Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. Inventory KPIs. Ensure better workplace satisfaction.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Unleashed

FEBRUARY 1, 2023

It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. This should surface any supply chain or transportation issues, or a misunderstanding of consumer behaviour and demands. Actual sales vs forecasts This metric is also known as ‘forecast error’.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ThroughPut

OCTOBER 20, 2022

Organizations can rapidly identify distribution routes that do not meet OTIF metrics, are congested, or are simply unprofitable – not only at the supplier level but also at the product and store level. to guide appropriate regional capacity requirements for both individual location and point-to-point requirements.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

The Logistics of Logistics

JANUARY 24, 2013

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.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

Kanban Logistics

FEBRUARY 27, 2020

Associates then follow the packing instructions generated by the WMS and affix shipping labels (also generated by the WMS). Label generation : eCommerce orders will trigger the creation and printing of shipping labels, while retailer orders will trigger UCC-128 labels and others that comply with individual retailer specifications.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Intelligent Audit

OCTOBER 27, 2022

One solution is to turn to big shipping data. To harness the power of big data analytics in transportation , companies also must integrate it with current systems. But by incorporating big data, shippers have a holistic view of their operations that can help them make better-informed decisions across transportation modes.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

The Logistics of Logistics

OCTOBER 30, 2012

They will also learn specific actions for reducing LTL carrier shipping costs. Key process indicators (KPI) for the most important aspects of LTL shipping. In this free webinar, participants will learn a methodology for measuring LTL carrier performance. Webinar topics will include: 1.)

KPI 100

KPI Cost Reduction Strategies Third Party Logistics How To 100

The Logistics of Logistics

FEBRUARY 14, 2013

LTL key process indicators (KPIs) for the most important aspects of LTL shipping. The webinar will also cover ways to improve the number or on time shipments and improving customer service. Webinar topics will include: 1.) Actions to improve on time performance, and billing accuracy while reducing cost and damaged shipments.

KPI 100

KPI Third Party Logistics Metrics 3PL 100

GlobalTranz

JUNE 14, 2017

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. The LTL carrier scorecard becomes a roadmap for driving LTL shipping improvements. Key Process Indicators vs. Metrics. Selecting the Right LTL KPIs. Billing accuracy, 4.)

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

GlobalTranz

MAY 4, 2016

In modern manufacturing and transportation, savings are everything. Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Federal Power Over Freight Management KPIs.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Unleashed

MARCH 9, 2021

For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers are successful because they have developed the right attitude and habits regarding shipping. Strategic view of shipping. Highly effective shippers see a well-run shipping function as a competitive advantage. Good data will provide great insights for future actions to improve shipping.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 225

Supply Chain Opz

JUNE 1, 2014

The reason why they can do this is that customized products are sold directly to customers so they have the higher profit margin to compensate the higher transportation cost. Moreover, products can be shipped to stores in-time then lost sales is minimal. Managing transportation at this scale is the absolute challenge.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Logistics Bureau

JULY 18, 2018

From a shipping standpoint, reverse logistics works well when the product being returned is routed directly to the correct location. Reps work with customers to get computers installed and working as required, rather than shipping them back. Take the hurdles like who pays for the shipping out of the equation.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. This time I’m going to share some warehouse-specific insights into KPI selection and use. 1) Speed up the Warehouse.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

The Logistics of Logistics

JUNE 7, 2019

The most important measure is the Paydex metric. Transactional shippers typically don’t ship much and they don’t commit to any one logistics company. Strategic shippers ship more than transactional shippers and they typically require customized solutions and a dedicated team. Transportation Management System (TMS).

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Intelligent Audit

AUGUST 26, 2021

Their strength rests in how shippers leverage technology and how they apply the data from myriad data sources to make sense of what’s happening and how it all affects transportation spend. Regardless, the invoice inconsistencies that do add to costs need to be found prior to initiating payment for transportation.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement. What is receiving efficiency?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

BlueYonder

MARCH 25, 2022

Ability to push data and insights into upstream and downstream supply chain solutions like Supply Planning, Demand Planning, Warehouse Management System (WMS), Transport Management System and Customer Service. These strategic KPIs include: Customer Service Levels ESG Initiatives OTSR Metrics Revenue Growth Cash to Serve Cost to Serve.

Modeling 94

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 94

The Logistics of Logistics

JUNE 20, 2014

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. The most important measure is the Paydex metric. Financial Stability.

3PL 113

3PL Negotiating Skills Optimal Sourcing Purchasing Training 113

The Logistics of Logistics

JUNE 20, 2014

Recently, a shipping manager asked me what selection criteria he should use when selecting a 3PL. As a sales guy for a 3PL I am always anxious to impress shipping managers, so I created the following 9 things to consider when selecting a 3PL. The most important measure is the Paydex metric. Financial Stability.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Logistics Bureau

NOVEMBER 27, 2016

Suppliers are measured using factual performance indicators covering pricing, quality, innovation, and reliability , to name but a few of the measurement components included in the “McDonalds Supplier Performance Index,” as the suite of metrics is known. The Incredible Value of Crumbs.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40