9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. 9 Key Topics to Understand to Frame A Shipper's Mind for Effective KPI Management. Effective KPI Management Requires Periodic SLA/KPI Review.

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Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

Cerasis

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. Also monitored were Whirlpool supplier SLA/KPI agreements.

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7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve

Cerasis

We began our series first writing about the 9 key broad and somewhat soft topics to understand in effective KPI Management. Frequent 3PL KPIs reviews will detail performance appraisal of each KPI set by the 3PL and shipper/customer. Scorecard analysis, % to all goals, and critical path: “What KPI is holding us back from overall success? KPIs are reviewed to ensure the IT SLA/KPI is effective for both parties. KPI Program Positive Reinforcement.

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. Supply Chain KPI. What’s a KPI, Anyway? You will use a KPI in the same way as your car’s speedometer.

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The Best LTL KPI for Measuring Cost

The Logistics of Logistics

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). LTL KPI – Cost per Pound Calculation. To calculate the cost per pound KPI, take the cost of the shipment and divide it by the shipment weight (pounds). The KPI gives the shipper an objective measure to compare freight rates, different weights, freight class, carriers and shipping locations.

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. You should also have a Modification Clause wherein you can modify the SLA/KPI/ Contract and Prices in 30-60-90 days. When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL.

The Best LTL KPI for Measuring On Time Performance

The Logistics of Logistics

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. The on time performance KPI will flag the late deliveries. Does your company use the KPI described above?

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The Best LTL KPI for Measuring Billing Accuracy

The Logistics of Logistics

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. The post The Best LTL KPI for Measuring Billing Accuracy appeared first on The Logistics of Logistics.

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Logistics Key Process Indicators (KPIs)

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. Check out another great KPI definition at About.com. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A Key Performance Indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for improvement.

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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. Logistics Key Process Indicators (KPI). Highly effective 3PLs have developed the right habits, culture and processes to deliver excellent service to their clients. Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling.

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MIssion Critical KPI’s: How to Keep a TMS Implementation on Track

Logistics Viewpoints

We determined that the providers must use a set of criteria and KPI’s to make sure that the project stays on time and on budget. […]. Just for Fun Transportation Management SystemsI have been conducting a lot of research around TMS applications recently, and my colleague Steve Banker and I began to discuss how TMS providers keep their implementations on track.

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Are your warehouse and transport teams on ‘speaking’ terms?

DELMIA Quintiq

Not convinced that your warehouse and transport teams need to collaborate? Steve, the head of transport at a large retailer and Eddie, the head of warehouse operations both look at their daily operations from a very different angle.

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” Guest Commentary Guest Commentary - BluJay Solutions Transportation Management benchmarking global trade network KPI logistics routing guide tender acceptance transportation managementYour supply chain’s key performance indicators support tactical, day-to-day business decisions, so ensuring you are reading them correctly is imperative.

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The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. We also ask about Asset/Broker % goals, KPI’s, etc. KPI’s.

Making the Case for Managed Transportation Services

Transplace

Making the Case for Managed Transportation Services. Survival of the fittest” is the mantra of today’s freight market, as driver shortages, capacity imbalances, federal government regulations and robust economic conditions continue to impact transportation costs.

LTL Carrier Scorecard with Key Process Indicators (KPIs)

The Logistics of Logistics

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. A key process indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for improvement. To measure success in these four areas, a simple, transparent KPI is created for each attribute. The KPI information should be sorted by the carriers used.

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Webinar: Using LTL Key Process Indicators (February 27, 2013)

The Logistics of Logistics

In this free webinar, participants will learn a methodology for using LTL key process indicators (KPIs). The LTL key process indicators are used to measure and then improve LTL carrier performance. Participants will learn specific actions for reducing costs, billing errors, and damaged shipments. The webinar will also cover ways to improve the number or on time shipments and improving customer service. Webinar topics will include: 1.)

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Webinar: How to Measure LTL Carrier Performance and Save Money (November 21, 2012)

The Logistics of Logistics

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. They will also learn specific actions for reducing LTL carrier shipping costs. Webinar topics will include: 1.) Actions to improve on time performance, and billing accuracy while reducing cost and damaged shipments. The methodologies that will be described in the webinar will be simple and proven.

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4 steps to optimize truck loads for maximum profits

DELMIA Quintiq

DELMIA Quintiq’s planning solution enabled the retailer to seize opportunities for route consolidation and improve its KPI for empty miles — something no other solution provider in the vendor selection process was able to prove they were able to do.

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The Top Supply Chain KPIs to Know

Cerasis

The perfect order KPI tracks the overall accuracy and timeliness of each shipment. Perfect Order KPI = On-Time Delivery and Shipment KPI x Complete Order Percentage x Damage-Free Percentage x Accurate Invoicing Percentage. Calculate the perfect order KPI by multiplying the , the complete order percentage, damage-free percentage and accurate invoicing percentage together. To calculate the perfect order percentage, one must understand the on-time KPI.

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4 steps to optimize truck loads for maximum profits

DELMIA Quintiq

DELMIA Quintiq’s planning solution enabled the retailer to seize opportunities for route consolidation and improve its KPI for empty miles — something no other solution provider in the vendor selection process was able to prove they were able to do.

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

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. A Transport Management System brings Needed ROI & Efficiency.

Freight Transportation: From Lucy with the Football to a Precarious Equilibrium

BluJay Solutions

Freight transportation professionals have become so used to the abnormal that normal times seem a bit unusual. GDP growth, along with implementation of the Electronic Logging Device mandate, led to a “Shipper Armageddon,” as demand for transport services far outstripped capacity.

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So, what does sustainability in retail actually look like?

DELMIA Quintiq

This is done through KPI (key performance indicators) tracking, advanced mapping as well as data integration & propagation. For an idea of the KPI improvements that can be achieved with Quintiq’s optimization solution, check out this article that features DHL Express Germany.

Your own dedicated transport fleet – are you really accounting for your assets?

DELMIA Quintiq

If a non-transportation company has its own fleet of trucks/vans, does that company look at all possible ways to optimally use these expensive and fast-depreciating assets? In that scenario, the assets sit in the transportation yard and wait. Transport & Logistics

How Shippers are Using Business Intelligence to Navigate COVID-19 (Part 2)

EnVista

Maximize Transportation Optimization with Proactive Analytics. In part one of this blog series, we outlined how shippers are creating meaningful KPI and modeling those indicators in a business intelligence platform to navigate the impact of COVID-19 on their transportation networks.

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Value-adding Features of a Great Freight Rating System Within a TMS

Cerasis

Transportation Management Software Systems (TMS) reduces overall hard and soft costs of transportation. The Cerasis Rater TMS supports LTL freight shipping and handles inbound, reverse logistics , and traditional transportation modes quickly and efficiently.

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The 7 Habits of Highly Effective Shippers

The Logistics of Logistics

Most Popular Posts Transportation 3PL best shippers continuous improvement good shippers habits of best shippers highly effective shippers KPI Logistics LTL screwed up shipments shipping process shipping technology The 7 Habits of Highly Effective Shippers Highly Effective Shippers. Highly effective shippers are successful because they have developed the right attitude and habits regarding shipping. Below is a list of the 7 habits of highly effective shippers: 1.

Real-World Scenario: Best Practices for Warehouse Contracts: Part One

Cerasis

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Use the Warehouse/3PL Transportation Management System (TMS) to optimize lanes and routes to save 15% + cost Reduction. KPI : Signs showing consecutive safety days without an accident.

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Transform your supply chain’s sustainability impact by going beyond operational constraints

DELMIA Quintiq

The Quintiq solution uniquely allows companies to properly balance changing KPI goals at varying points in time, in order to produce realistic, executable plans. Retail Planning Sustainability Transport & Logistics

A great leap forward: Quintiq joins Dassault Systèmes

DELMIA Quintiq

Remember that one of the things that sets Quintiq apart is our KPI-based planning system, meaning that we place business goals at the center of ever planning decision. Planet Planning Supply Chain Planning & Optimization Transport & Logistics Workforce Optimization

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

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. When considering the timeliness of a shipment in this KPI , you can derive an order completion metric. However, the importance of this KPI cannot be overstated when considering omnichannel supply chains. appeared first on Transportation Management Company | Cerasis.

Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

Cerasis

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. . Cerasis is squarely focused on transportation management through technology and managed services , however, there are logistics companies who offer fulfillment, warehousing, freight forwarding, and more.

QAD Adaptive Applications Further Enables Adaptive Manufacturing Enterprises

QAD

Users now have enhanced KPI maintenance capabilities and faster data retrieval to improve decision making.