SCMDOJO

JUNE 14, 2023

Implement a Quality Control Process Implementing a quality control process can help ensure that all shipments meet your company’s standards and requirements. Implement Performance Metrics Implementing performance metrics can help you track the efficiency and effectiveness of your “money zone” and identify areas for improvement.

Supply Chain Optimization 92

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GlobalTranz

MAY 18, 2018

Meanwhile, more companies are turning to entities outside of the company, like third-party logistics or integrators (3PLs and 3PIs) to manage omnichannel supply chains , reports Maarten Baltussen of Supply Chain Digital. In fact, third-party companies already have the first step in the bag, and you need to understand why.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

GlobalTranz

APRIL 5, 2017

Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking. In other words, the term, “metrics,” can be deceiving. Since a metric is a data point, metrics can include the number of vendors used, the percentage of on-time deliveries or spend-to-carrier ratios.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

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Zipline Logistics

JUNE 15, 2021

Because of the changes to the retail and CPG industries, forward-thinking sporting goods shippers are looking to logistics as a differentiation strategy. As industries evolved to meet the needs of modern consumers, the supply chain has become a reliable source of competitive advantage. Work with CPG Logistics Specialists.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Optimal Sourcing 52

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. . To be unified is to collaborate and trust the shipper/customer Third Party Logistics Service Provider (3PL) relationship. Collaboration.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

APRIL 21, 2024

You may choose to manage this process in-house or outsource it to third-party logistics providers , depending on your business’s size, resources, and specific needs. By regular monitoring and analysis of these metrics, you can pinpoint inefficiencies and identify areas for improvement.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. If you take the time to listen, you can meet the growing expectations of a modern customer base that wants a higher level of service than past generations. Lengthen the Buying Cycle Through Interaction.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

GlobalTranz

OCTOBER 16, 2015

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), Meet with senior operations personnel at each contracted carrier. Conduct face-to-face negotiations with contending carriers.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Zipline Logistics

APRIL 6, 2021

Outsourcing parts of the supply chain to a logistics provider has become commonplace for organizations further along in their growth cycle. According to a report from Armstrong & Associates, over 90% of Fortune 500 companies stated that they use a third-party logistics provider in some capacity, and that trend is only increasing.

Logistics Network Optimization Software 54

Logistics Network Optimization Software Vendor Strategies Logistics Third Party Logistics 54

Taulia

OCTOBER 20, 2021

While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Commonly used metrics include the following: Inventory turnover – the number of times a company’s inventory cycles on an annual basis. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

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GlobalTranz

OCTOBER 4, 2017

It measures efficiency and ability to meet customers’ expectations. An effective TMS should also be imbued with metrics and analytics to measure performance and ability to meet consumer demands, including boosting labor productivity in warehouses, reports CHAINalytics.com. Technology must function 24/7.

Analytics Software 120

Analytics Software Demand Planning Software Optimization Software Logistics Network Optimization Software 120

Arena Solutions

APRIL 4, 2023

With rising inflation, driver and labor shortages, logistics problems brought on by factory closures, geopolitical conflicts in key sourcing regions, and changing weather patterns due to climate change that jeopardizes viable shipments, manufacturers are keen to make the best of a poor position—starting with insourcing.

Manufacturing Procurement 73

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Logistics Viewpoints

SEPTEMBER 19, 2022

Following this, Mr. Welty purchased a WMS company which became the platform upon which he created a different business called Quiet Logistics, a third-party logistics company focused on picking ecommerce orders with robotic technology. Quiet Logistics had been buying autonomous mobile robots from Kiva Systems.

Modeling Software 203

Modeling Software Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software 203

GlobalTranz

JANUARY 4, 2017

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. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

SCMDOJO

JUNE 14, 2023

Thankfully, outsourcing logistics services to a reliable third-party logistics provider (3PL) can make a significant difference. You need to identify your goals and objectives, customer expectations and requirements, supply chain network and processes, data sources and systems, performance indicators and metrics, etc.

3PL 77

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 77

GlobalTranz

MARCH 23, 2016

These teams and people meet daily in a “huddle” to discuss previous day goals and actual results. These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Talking Logistics

OCTOBER 18, 2016

In order to meet continually-changing consumer demands and expectations in an increasingly competitive market, shippers need a fast, efficient supply chain. Today’s Next-Gen TMS Meets Today’s Supply Chain Needs. This has created what some in the industry are referring to as “supply chain impatience.”.

Demand Planning Software 100

Demand Planning Software Supply Chain Planning Software 3PL Supply Chain Network Software 100

GlobalTranz

JULY 25, 2016

It keeps companies from hiking their prices on consumers, and it encourages businesses to produce better products and meet customers’ expectations. If you can’t meet those demands or be very close to them, they will find what they need from Amazon, Wal-Mart or E-Bay. Consumers are not satisfied with standard shipping anymore.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Expense Reduction 120

Unleashed

OCTOBER 6, 2021

It may also be useful to use KPIs for your most important suppliers – for example KPIs for goods and services are delivered, whether they are on time, and whether they meet quality expectations. Using this calculation on an ongoing basis to order stock will ensure you can meet demand while also minimising holding costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ShipBob

OCTOBER 4, 2023

This essentially means ordering just enough stock to meet customer demand and quickly replenishing inventory as it runs out. You’ll only be stocking just enough inventory to meet the usual demand and then replenish as needed. Certain metrics can tell you which SKUs to reduce and how to order the right quantities.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

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.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

ShipBob

DECEMBER 13, 2023

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. Balanced supply and demand: Ensures stock levels meet customer demand without surplus.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. One way to improve B2B fulfilment and expedite your shipping activities is to outsource this task to third-party logistics (3PL) company.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Zipline Logistics

JANUARY 10, 2023

Starting his career in carrier procurement and management within a Fortune 100 logistics company, Lynch has held positions of responsibility in all areas of third-party logistics. CPU is an alluring logistics option in which your customer picks up your freight for you. Andrew Lynch x Authority Magazine Interview.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Turvo

SEPTEMBER 16, 2021

Seven ways Turvo helps build a more sustainable supply chain for third-party logistics providers (3PLs), shippers of raw materials and finished goods, and their end customers. Turvo helps everyone on the network improve critical supply chain metrics through carrier analytics.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Analytics Software Supply Chain Network Software 70

Talking Logistics

JULY 14, 2015

The relationship between a shipper and a logistics provider often starts as a transactional process. The shipper has an immediate need, which leads to a Request for Proposal (RFP) or Request for Quote (RFQ) process then ultimately selects a third-party logistics (3PL) supplier to execute on that need.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Six Sigma Waste Reduction Supply Chain Planning Software 100

Talking Logistics

MARCH 2, 2017

Rather, it’s about winning the ongoing competition between shippers and third party logistics (3PLs) providers to secure those assets in order to maintain supply chain velocity. Having available capacity means more than having enough trucks, rail or steamship carrier assets to manage your business.

Capacity 0

Capacity Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 0

ShipBob

JULY 2, 2021

This caused major discrepancies in inventory reconciliation , which made it hard to ensure there was enough stock available to meet demand and prevent stockouts. We monitor the ShipBob dashboard on a daily basis, can view our fulfillment metrics at any time, and see if orders are fulfilled accurately.”. Automated shipping.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

Talking Logistics

MARCH 8, 2019

More stringent customer delivery requirements is certainly one factor, with On-Time In-Full (OTIF) becoming a more critical metric. threshold for food consumables. We’ve seen a 300 percent increase [over the past 3 years] in the demand for real-time freight visibility as a hard requirement in the RFPs received by our customers,” said Adelson.

Rail Software 101

Rail Software Logistics Network Optimization Software Real-time Visibility Demand Planning Software 101

MAVES

JUNE 24, 2019

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). Advanced Analytics / Metrics. These are tools that enable 3PL’s to proactively take advantage of supply chain planning, sourcing, and logistics and transportation.

Supply Chain Software 40

Supply Chain Software Supply Chain Planning Software Logistics Network Optimization Software Analytics Software 40

Clear Spider

OCTOBER 26, 2022

As a result, vendors use better demand forecasting to meet inventory goals, while customers focus on improving other metrics like customer service and brand loyalty. Third-Party Logistics – The vendor and customer first decide on minimum, maximum and reorder points based on historical data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Unleashed

DECEMBER 21, 2023

This technology helps you make informed decisions about inventory levels, ensuring they meet customer needs without overstocking. By leveraging third-party services, businesses can often benefit from cost savings, improved scalability, and increased flexibility.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

ShipBob

JANUARY 23, 2023

Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. That’s not to say that offering a great shipping policy (free, fast, or both!) that doesn’t cut into profits isn’t possible.

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

The Logistics of Logistics

JANUARY 24, 2013

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. I sometimes use the terms KPI and metrics interchangeably, but they are not the same.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

Logistics Bureau

NOVEMBER 16, 2020

If engineering is your thing, you could join a third-party logistics company and focus on solutions design. Look out for industry-type events in your area, as these provide an opportunity for you to meet lots of people. Some of the best ways to do that are through third-party logistics companies (3PLs).

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Supply Chain Network

FEBRUARY 25, 2016

Omni-channel raises the bar for everyone and those best able to adapt to meet the consumer’s changing approach to shopping will have a substantial advantage over less capable competitors. This session will also cover how Omni-channel affects the costs and metrics in distribution. Systems, technology, and equipment. •

Supply Chain Planning Software 60

Supply Chain Planning Software Omnichannel Logistics Network Optimization Software DC 60