GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery. MORE FROM THIS EDITION.

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Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

GlobalTranz

OCTOBER 21, 2015

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. . Many logistics service providers will provide their customers with an SLA. What is a Service Level Agreement (SLA)? The more KPIs, the more difficult the negotiation process.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES).

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

AB&R

MARCH 4, 2022

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. If not aligned with the changing needs of a growing business, picking, packing, and shipping can shrink its margins. Stock shortages, shipping delays, and unfulfilled orders can make customers unhappy. Conclusion.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 52

GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. As explained by the Lean Supply Chain , visibility and effective management of inventory are essential to maximizing warehouse space. Put brick-and-mortar storage space to use for extra inventory.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Optimization Software 121

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Talking Logistics

FEBRUARY 4, 2016

Lean Six Sigma (LSS) thrives on the notion that there is always room for improvement, and it looks to eliminate defects that can hinder the flow of a process from moving toward its performance end goal. And the customers will feel that added value not only in metrics but also from a morale perspective.

Six Sigma 100

Six Sigma Optimal Sourcing Agile and Lean Supply Chain Vendor Strategies 100

Locus

SEPTEMBER 19, 2023

According to Statista, 68% of online shoppers expect free shipping/delivery and 37% expect next-day delivery. It uncovers valuable insights about the current state of last-mile logistics in these countries. 49% of global organizations lack confidence in tracking sustainability metrics to reduce emissions and fuel consumption.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

SCMDOJO

DECEMBER 14, 2023

Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Time is really important in business.

Inventory Reduction 80

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 80

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Stock availability.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Talking Logistics

AUGUST 20, 2018

The research, produced by Adelante SCM and presented by BluJay Solutions (a Talking Logistics sponsor), was conducted to explore the links between supply chain management innovation, customer experience, technology adoption, and company performance. Logistics Service Providers Focus on Delivering Innovation.

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Innovation Company Cost Reduction Strategies Logistics Network Optimization Software 100

4WL Consulting

JULY 8, 2015

Both Large and Mid-sized shipping companies rely on procurement personnel. Adopt Performance Metrics for Carriers With a structured monitoring approach, carriers have the ability to make sound decisions based on recently available data instead of depending on anecdotal evidence. Found these tips interesting?

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Optimal Sourcing 100

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

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Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Unleashed

AUGUST 20, 2023

In a survey of 1,000 organisations, 74% of respondents in the US reported delays in shipping and longer lead times during the coronavirus pandemic. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Game Changer

OCTOBER 8, 2019

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. Why is this relevant?

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Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

Resilinc

FEBRUARY 22, 2021

But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. It’s important to frame the program in strategic terms and to ensure that decision-makers understand the linkages between the tactical objectives of the SCRM and key metrics such as revenue, earnings, brand, and shareholder value.

Supply Chain Risk Management 62

Supply Chain Risk Management Risk Management Supply Chain Design Software Agile and Lean Supply Chain 62

3PL Insights

OCTOBER 6, 2017

Your shipping and distribution can be affected by a number of issues. If you’re handling shipping on your own, there’s more room for error when you have other matters of your business to focus on. You want a meaningful partnership, and a logistics provider can help to provide you with the tools you need.

3PL 58

3PL Material Savings Resource Reduction Expense Reduction 58

Talking Logistics

JUNE 30, 2015

It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations. Adopt performance metrics for carriers. It is still a people business.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

NC State SCRC

MARCH 25, 2021

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. For many years, as we moved to low cost countries, the shipping industry benefited. It may take weeks, by some estimates.

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Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

SCMDOJO

MARCH 8, 2024

Strategies such as avoidance of early shipments, drop shipping, and setting stock targets for key suppliers can further enhance efficiency and profitability. Key metrics to monitor include: Inventory Value: Measure the total value of inventory to ensure optimal investment.

Inventory Reduction 83

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 83

Locus

DECEMBER 23, 2022

Retailers need a robust logistics solution that helps them align their capacity with customers’ delivery preferences. Managing millions of orders itself is a herculean task for retailers, coupled with huge spikes in demand during the holiday season can really put a load on their logistics. percent in North America in 2022.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

Supply Chain Collaborator

OCTOBER 17, 2017

The third party logistics (3PL) model, while critical to smaller, low-volume shippers, has never been the best option for organizations shipping moderate-to-high volumes of freight. Purveyors of logistics IT solutions have been warning of the shortcomings of 3PL tech for years.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Software Modeling Software Logistics Network Optimization Software 60

USC Consulting Group

APRIL 9, 2021

As organizations start investing more in their business’s functional components, such as inventory production, warehousing, logistics, and order management processing, communication silos and departmental disconnects begin to appear, blurring certain efficiency lines across the company as a whole. Data Mining in Supply Chain Operations.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Analytics Software 52

Supply Chain Game Changer

NOVEMBER 14, 2018

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. And one of the fundamental objectives in any Lean program is the need to reduce waste. Logistics/Link Supplier Selection/Management. Reverse Logistics/Repair Operations. is also relevant.

Waste Reduction 59

Waste Reduction Resource Reduction Material Savings Cost Reduction Strategies 59

Unleashed

JANUARY 14, 2024

Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. Implement lean manufacturing Lean manufacturing is a business philosophy that aims to eliminate waste and improve efficiency in production processes.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

GlobalTranz

APRIL 13, 2015

Does the system support all modes of shipping within your operation? Not all TMS systems include functionality for international logistics. If your biggest pain point in transportation management is in LTL freight shipping, our TMS system is perfect. Shipping is a key part of your company, and we’re here to help.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Each faces four years of deterioration on this important supply chain metric. Companies have been on Lean journey. Why it Matters. We now have data.

Supply and Demand 209

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 209

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. Moreover, products can be shipped to stores in-time then lost sales is minimal. Cost of inbound logistics is not taken into account.

Case Study 239

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

6 River Systems

OCTOBER 14, 2022

This guide will primarily look at fulfillment through the e-commerce lens and deal mostly with third-party logistics (3PL) fulfillment methodologies. Those first three steps involve how the various components of your products — and your customers’ orders — are assembled and readied for picking and shipping. Drop shipping.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 52

Veridian Solutions

AUGUST 9, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. As explained by the Lean Supply Chain , visibility and effective management of inventory are essential to maximizing warehouse space. Put brick-and-mortar storage space to use for extra inventory.

Supply Chain Design Software 53

Supply Chain Design Software Warehousing Analytics Software Optimization Software 53

ShipBob

NOVEMBER 15, 2021

Logistics Processes to Plan For. Tips for Logistics Planning. No army should go into battle without a plan for attack; similarly, no ecommerce merchant should go into business without a plan for handling their logistics. What is logistics planning? Why logistics planning is important for ecommerce businesses.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Always work toward quality perfection (even though perfection does not exist) with all of your suppliers.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

ShipBob

OCTOBER 4, 2023

Combined with additional shipping delays , there could be a serious delay in order delivery. As such, you can create a lean supply chain and minimize the risk of excess inventory. Leverage inventory turnover ratio and economic order quantity Paying attention to relevant performance metrics can play a vital role in inventory reduction.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52