10 Multimodal Metrics to Track for Transportation and Shipping

GlobalTranz

Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference. Uncategorized multimodal metrics

The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

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

GlobalTranz

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors.

Traditional Retail Performance Metrics Aren’t Measuring Up

Logility

The pace of change in retail has never been faster than it is now. But recent sales data has shown us the public is still hesitant to return to malls, however they fully embrace the digital experiences offered by many retailers. Retail needs a Moneyball moment.

The Changing Face of Retail

Enterra Insights

And the retail sector has certainly been changing, transforming, and evolving over the past few years. Most retailers now understand the importance of have a strong omnichannel strategy. 5] Tripathy suggests retailers reexamine and be open to new ideas in five areas.

Retail 130

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

GlobalTranz

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Energy used in handling returns : This metric is used in sustainability programs.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

GlobalTranz

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

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

GlobalTranz

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. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.

Peak Season Planning: How Retailers & CPG Are Using Analytics & BI

Intelligent Audit

The lack of end-to-end visibility and applicable metrics has made it difficult for parcel carrier s and shippers to envision the value of data and analytics within their network systems. CPG and Retailers Leverage Data to Identify Gaps in Logistics Management.

Retail Suppliers: Why Supply Chain Metrics are Critical to Retaining Your Business

West Coast and California Logistics

power, speed, agility) and increasingly more to do with metrics. With these metrics, teams define the “best” players as those that perform well in key statistical areas like “on-base percentage” and “slugging percentage” – not necessarily who can hit the ball the farthest. The same is true in the modern supply chain, where – like baseball analysts – retailers keep score and measure statistics.

Retail Store Location Planning ? Creating Balance, Driving Profit

Logility

The fundamental challenge in retail is one of balance. The sheer complexity of modern omni-channel retailing makes this difficult. Given how critical this balance is, I am amazed when I hear many retailers rely on a combination of spreadsheets and assumptions to drive the plan.

Unprecedented retail growth windfall for FourKites

The Supply Chain Journal

Supply chain visibility platform FourKites announced Wednesday that its retail customer base has been experiencing unprecedented growth within a number of key industry metrics. The retail industry has seen exponential growth, with an overall 16.4%

May retail sales supportive of freight flows

The Supply Chain Journal

Retail sales in May fell 1.3% It’s important to note that the headline decline masked what was the second-highest month on record for core retail sales. However, demand for retail products remains at record levels. The metric is up 22.3%

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset. The ability to serve this demand is foundational to the success or failure of a retailer, but the challenge doesn’t hinge on the strategy leadership sets.

Retail 166

Trends 2019: Retail

Enterra Insights

I’m certain a lot retail executives wish they had the power to stare into a crystal ball and see the future. Such a gift would have spared many of their companies from the consequences of the retail apocalypse. ”[1] If Pitassi is correct, the big question is: What does it mean to be “fit” in the retail sector? Retail trends. When most people think about the retail sector, they visualize transactions between merchants and customers.

Trends 100

Retail Link – How Does It Help?

SupplyPike

Learn all about: What Retail Link is and who can use it The challenges of Retail Link What reports and tools Retail Link has to offer. Retail Link provides you all this. Retail Link is also a way Walmart monitors its suppliers. Retail Link Optimization.

Understanding Retail Supply Chain Management – Moving To The Next Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

Understanding Retail Supply Chain Management – Moving To The Next Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. ,

What Is Retail Consolidation?

CH Robinson Transportfolio

What Is Retail Consolidation & Is It Right for You? Handling ever-changing consumer and retailer demands can be overwhelming—especially if you’re working with multiple retailers across the country or the world. What is a retail consolidation program?

Omnichannel is the Future of Retail

Enterra Insights

Petr Svoboda ( @petrsvob ), CEO of Shopsys, has been urging retailers to focus more sharply on online sales for nearly twenty years. Online sales experiences will likely be highly valued as the economy tries to recover from a new recession, even though it will predictably come at the expense of traditional retail stores.”. Although brick-and-mortar stores are experiencing tough times, the pandemic doesn’t mean the end is near for physical retail.

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

GlobalTranz

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.

Logistics Metrics You Didn’t Know You Should Be Watching

Supply Chain Collaborator

Its absence is felt when easily avoidable yard-based delays lead to down time for manufacturing operations, product spoilage for food shippers and inventory shortages for retailers as a few examples. The critical metrics managed with YMS for improved resource planning include: Inbound and outbound dock door scheduling. The post Logistics Metrics You Didn’t Know You Should Be Watching appeared first on UltraShipTMS.

Retail Data Explained: Descriptive, Predictive, and Prescriptive

SupplyPike

Learn about: The categories of analytics How they relate to retail and supply chain What suppliers can do with that data. Categories of Retail Analytics. There are different categories of retail analytics: descriptive, predictive, and prescriptive. Retail Intelligence Forecast.

A Guide To Retail Supply Chain Management- Moving To New Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

A New Decade: Give Science A Chance

Supply Chain Shaman

Ending 2019 with a deduction bill for poor customer service to retailers in the United States of 10 million, the global team asked me to help the team improve customer service. Use data and new metrics systems to free the organization from the ball and chain of corporate politics.

Artificial Intelligence and the Future of Retail

Enterra Insights

Retail transactions are some of the oldest human activities. The next arena of exploration for the retail sector is artificial intelligence (AI). Arthur Zaczkiewicz ( @arthurzaczkiew1 ) observes, “Retailing is being forced to change as consumer preferences shift and technologies such as artificial intelligence power a new breed of company that brings to market products, services and an overall shopping experience that shoppers demand and are delighted by.”[1]

Retail 109

3PL Metrics: Do Retail Suppliers Measure Success the Wrong Way?

Kane is Able

If you are a user of third-party logistics (3PL) services, you know that 3PLs tend to have a metric for just about everything – productivity, accuracy, timeliness, costs…. 3PL metrics are used as a barometer of performance and to inform continuous improvement programs. But should these same numbers be used to measure the success of your 3PL/Client relationship? CPG Logistics Logistics KPIs 3PL Outsourcing

Understanding Supply Chain Management

SupplyPike

With rising consumer demand, retailers are under pressure to stock the merchandise in demand or lose consumers to another who can fulfill the same demand. Omnichannel retailers must discover the best way to blend the occasionally disputing demand between offline stores and online retail.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. How do you balance metrics ? .

Digging deeper into Walmart OTIF metrics

Alloy

The retailer is now asking all suppliers to meet a 98% service level for both on time and in full, regardless of the product category and transportation method. Retailer RelationshipsIn September, Walmart raised the requirements on its OTIF program.