Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis. Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance.

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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Transportation is measured just as a cost rather than what it does for the rest of the organization. Again, not saying cost reduction is an indicator of poorly measuring supply chain performance, but it's not the only thing to measure when considering transportation.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

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!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. Logistics LTL ltl procuremen

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” The methods of evaluating metrics or developing KPIs vary significantly from company to company. If you are looking for more insights from your data in transportation, contact Cerasis to inquire about our reporting we provide to our shipper customers who use our transportation management system as an enablement tool towards transportation procurement efficiency.

The Top 5 Transportation Management Blogs of 2016 …So Far

Cerasis

Today's post will cover the top 5 Transportation Management blogs from 2016 so far. Top Transportation Management Blogs from the First Half of 2016 So Far. The transportation management blogs category most top viewed blog posts from the first half of 2016 included several elements of the transportation management. From transportation management trends to creating a competitive logistical edge. 6 Transportation Management Trends for 2016.

Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. market-driven value chains metrics that matter Network of Networks Uncategorized Cash-to-Cash

What Metrics Do You Have in Place for Monitoring Your Transportation Operations?

CHAINalytics

By Bryan Wyatt | Senior Manager, Transportation | Chainalytics With the amount of complexity surrounding today’s transportation operations, managers need to stay in front of issues and anticipate problems with their transportation network. They need to have the right metrics at their disposal so they can see when their operation is trending in the right … The post What Metrics Do You Have in Place for Monitoring Your Transportation Operations?

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? .

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

The Top 10 Transportation Management Systems

The Logistics of Logistics

The Top 10 Transportation Management Systems. Each year as businesses of every size and industry fight to broaden market share the same old questions haunt the boardrooms, “How can we reduce transportation costs? The answer almost always requires close scrutiny of a companies supply chain infrastructure and the status of its Transportation Management System (TMS). Transportation Management Systems. JDA Transportation Manager.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050. Cost reductions sometimes go hand-in-hand with GHG reductions, but some measures could increase transport costs. Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service.

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Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Learn about.

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Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

BlueYonder

These capacity crunches, at times, force carriers not to adhere to capacity commitments with customers, resulting in companies having to go out into the market to find alternate transportation options. This typically corresponds with a more expensive transportation choice in an expedited manner. Using JDA’s Transportation Management System (TMS) , you can minimize spot market cost increases and find cheaper alternatives for uncovered loads.

Manufacturing Gains From Machine Learning

IQMS

Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively. Honeywell is integrating AI and machine-learning algorithms into procurement, strategic sourcing and cost management. OEE is a pervasively used metric in manufacturing as it combines availability, performance, and quality, defining production effectiveness.

Sales Can Use RACI Charts to Understand Procurement… and vice versa!

NC State SCRC

Although RACI “charts” are often viewed as irrelevant and bureaucratic, they can provide an important clue regarding the “decision-rights” for procurement and contracting decisions. An important foundational issue for sales personnel to understand is the relative level of procurement maturity within the organization, and the extent to which the organization has developed a category management structure.

Achieving Sustained Transportation Savings: Practical Advice for C-Level Executives

Talking Logistics

The quest to identify and achieve transportation cost savings is an ongoing one for transportation and logistics executives. It’s also a focus area for CEOs and CFOs because of transportation’s impact on the bottom line. What is the main roadblock to achieving sustained transportation savings? I can give you countless examples of how this impacts transportation costs.”.

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

BlueYonder

These capacity crunches, at times, force carriers not to adhere to capacity commitments with customers, resulting in companies having to go out into the market to find alternate transportation options. This typically corresponds with a more expensive transportation choice in an expedited manner. Using JDA’s Transportation Management System (TMS) , you can minimize spot market cost increases and find cheaper alternatives for uncovered loads.

Global Logistics and the Transportation Management Center: The Next Phase in Network Agility

BlueYonder

In my previous article on the evolution of transportation management, Driving Value from a Transportation Management Center: Think Global, Act Local , I discussed how transportation best practices were evolving from more rigid, centralized control towers to more flexible and collaborative Transportation Management Centers (TMC). Domestic transportation management systems have sometimes been extended to support global movements as well.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Every decision becomes more impactful based on these metrics. Product alignment: Geography and transportation. With driver shortages and temperature-controlled capacity at a minimum, transportation itself is a critical element of any supply chain.

Supply Chain KPIs You’ll Want Every Morning

Logility

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Metrics.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

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. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste!

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. For example, I remember speaking with the Director of Transportation Services at a large CPG manufacturer a few years ago. Break down your supply chain functional silos. This advice is not new.

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Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.” ” Similar transformational patterns have also been seen in the transportation industry. Blog Logistics Outsourcing Transportation Spend Uncategorized

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. By building common metrics and targets and jointly monitoring progress – companies avoid the misaligned incentives that damage so many collaboration efforts. Lower transportation and warehousing costs. Improved customer service metrics.

The Financial Dimension of Supply Chain Visibility [Episode Highlights]

Talking Logistics

If you think about it in terms of Total Cost Management/Spend Management, when you start to talk about things like contract negotiation, having better insight into your spend, and understanding the metrics around it, all of which obviously provides valuable insights and helps you with those negotiations. This is where financial visibility – especially from an accounting or procurement perspective – plays into the organization.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Game Changer Job Board!

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. Procurement #SCM #SupplyChain #HumanResources #Business #Leadership.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Subscribe Here! Email Address.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

A Peerless Research Group (PRG) report indicated that up to 44 percent of supply chain entities do not actively have plans in pursuing or using a transportation management system (TMS), such as the Cerasis Rater. 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. Modern shippers must oversee thousands of individual processes and activities.