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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds.

Last Mile Metrics: 11 Metrics to Measure in Last Mile Logistics

Cerasis

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? The answer to this question lies in using last mile metrics to track key performance indicators and target levels of service to ensure accountability, visibility and continued reduction of costs in last mile delivery. Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

5 Skills Necessary For Maximizing Logistics Effectiveness

Cerasis

. Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for managing logistics effectiveness. In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. It is when an employee can honestly share his real views and thoughts regarding the problem or operational issue with all the performers involved in the logistics process.

Defining Your Own Logistics Competitive Weapon

Talking Logistics

For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center. You have to think and act beyond cost manage and find ways to leverage supply chain and logistics as a competitive weapon — that is, look for ways to leverage supply chain management to drive top-line growth, increase market share, and enhance customer loyalty. Source: “Tech in Asia” – https://www.techinasia.com.

Wanted: Supply Chain Architects!

Supply Chain Shaman

I knew nothing about the world of logistics, inventory management and order optimization. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. It is usually driven by the logistics and transportation functions.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

In the below article I propose to have a look at the main benefits and advantages of the cloud-based logistics management. Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. It incorporates your resources from every stage of the logistic process in the real-time. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

On today’s episode we welcome Andrew Lynch, Co-Founder & President of Zipline Logistics, an award-winning logistics service provider that specializes exclusively in the transportation of retail consumer goods and food and beverage products. In this “The Freight Project Podcast” episode you’ll hear : How in the retail space it is vital that marketing, sales, and the supply chain & logistics teams collaborate to achieve shared goals of consistent logistics.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. Healthcare Logistics.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. The year 2012 marked the 30th anniversary of the use of supply chain management as a cross-functional process for source, make and deliver in the commercial sector. I wanted to better understand which metrics truly mattered. The Metrics That Matter Are Different by Industry Sector.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. From the perspective of Logistics, understanding digitization is particularly relevant because much of the information logistics requires is in analog format. Why should Logistics Care about Digitization? Logistics should care about digitization because its activity is heavily dependent on vast amounts of data originating with 3rd parties outside of its control.

3 Initiatives Driving Sustainable Transportation and Logistics Management

Supply Chain Nation

Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. Department of Energy calculated that CO2 emissions from transportation surpassed two billion metric tons ; it’s hard to imagine what that number looks like today. The realities of today’s complex global marketplace make fulfilling sustainability objectives anything but simple as companies navigate fulfillment, transportation and logistics challenges.

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Then how about joining our Logistics Leaders for T1D Cure cycling team and help us raise money for JDRF in our quest to create a world without type 1 diabetes! If this sounds like it would be a fun and meaningful personal challenge for you (with the added benefits of meeting other supply chain and logistics professionals and raising money for a good cause), then sign up to join our Logistics Leaders for T1D Cure team! Did you make any New Year’s Resolutions for 2019?

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

Source your products. Before you build an online store, you need to source your products. There are several avenues you can take to source products from working with local stores or suppliers to wholesale distributor options. Another great option is to source from global marketplaces such as Alibaba and Indiamart, which both offer bulk goods at a low cost. . Make sure you have Google Analytics set up so you can track website traffic and other online store metrics.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. On the day I took off on vacation, project44 (a Talking Logistics sponsor) announced “a new international and domestic Parcel tracking and address validation solution.”

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

I was in Orlando, Florida this week moderating workshops for a logistics service provider client. req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. This week, for example, Transplace (a Talking Logistics sponsor) launched its Weekly Supplier Performance Benchmarking Report “to help shippers meet the delivery requirements set by major retailers.”

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 […]. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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This Week in Logistics News (July 15-19, 2013)

Talking Logistics

XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. Here are some additional details from the press release: Data Services data sets will include mode-specific transportation costs and transit times, facilities cost estimates, demographics, risk metrics, duties and taxes, sustainability metrics and others.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. no metrics, operate in functional silos). Therefore, the first step is to define those processes, along with who will execute and manage them and what the right metrics should be.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). appeared first on Talking Logistics with Adrian Gonzalez.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. How can companies enable Green Logistics? Green logistics has a significant role in the trade process, transport and deliver the goods.

5 ways TMS transforms Logistics Managers' jobs

Abivin

A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. Automate the manual process Source It can be very time-consuming to do the repetitive work manually. Manage data and information in real time Source Thanks to TMS integration, you can perform data management and information management in real time.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. From the perspective of Logistics, understanding digitization is particularly relevant because much of the information logistics requires is in analog format. Why should Logistics Care about Digitization? Logistics should care about digitization because its activity is heavily dependent on vast amounts of data originating with 3rd parties outside of its control.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Logistics is no exception. There are hundreds of logistics terms that make up the industry’s language. Here is our glossary of top logistics terms to know. Logistics Terms for Pros to Know. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance.

The Logistics Linchpin with Andrew Clark

Aborn and Co.

In this episode, Consulting Logistics host, Kyle MacNaught, will chat with Andrew Clark, founder of Logistics Help. Andrew is passionate about logistics and how getting this element right in business can help elevate them to the next level. That is where he learned his foundation in warehousing and distribution as well as logistics. Following this, he ended up working for a business in Australia called Logistics Bureau. What surprised you in terms of logistics?

Beyond the Beer Game: Tips for Responsible Logistics Gamification

Logistics Bureau

In fact, here at Logistics Bureau, we’ve been using the Beer Game (a supply chain simulation) for years now, as a way to help companies educate their management teams in supply chain dynamics. But is gamification really a responsible approach to improving logistics performance ?

2013 Third-Party Logistics Study

Supply Chain Movement

The success of the third-party logistics industry is evident in the generally high marks given to 3PLs by respondents to a survey as part of the 2013 17th Annual Third Party Logistics Study, which identifies trends and explores how both 3PLs and shippers are using these relationships to improve and enhance their businesses and supply chains. Shippers report spending an average 12% of revenues on logistics, and an average 39% of that figure is spent on outsourced logistics services.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

When it comes to ordering materials and components, managing inventory levels, or organizing the delivery of finished goods to customers, companies are forced continually to chase business partners – mostly suppliers, logistics companies, and retailers – via a messy stream of emails, phone calls, and even faxes. Regional Plant Networks can connect to Warehouse/Distribution Centers to better manage excess inventory and monitor status from Third Party Logistics (3PL) providers.

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The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

Drones and its future in supply chain and logistics processes. Logistics Excellence: Now & in the eFuture. Before diving into some takeaways from the sessions I attended and participated in, here are some high-level stats about Descartes (a Talking Logistics sponsor): Descartes is now a $200M+ company and continues to grow. getting buy-in from drivers and other stakeholders) and implementing appropriate metrics to measure and drive performance.).

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Luckily, the current movers and shakers of the logistics and supply chain world are all too happy to dole out sage advice in the form of blog posts, interviews, podcasts — you name it. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

While putting myself through school, I got a part-time job at JFK airport which opened my eyes to logistics. Right out of college, I worked at a logistics company in Atlanta. We found equipment and materials that can’t be sourced locally. As globalization has taken place, more things can be sourced locally. Once we decided that we were going to go out to bid, the logistics team no longer contacted the 3PLs. The expected metrics were part of the contract.