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

Walmart OTIF Metrics

SupplyPike

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric.

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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? On-Time Shipping.

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

GlobalTranz

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.

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

GlobalTranz

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. Other Critical OmniChannel Supply Chain Metrics to Track.

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

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Promise time, lead time, cycle time, transit time, delivery time, unloading time, processing time, queue time, quality assurance time, processing time, turnaround time, receiving time, and shipping time to the customer, (and I bet you could think of more "times" to measure!). 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. This measures the number of orders or order lines shipped on time and without backorders or shortages. This is calculated by dividing the total number shipped in full and on time by the total number scheduled. Choosing Metrics. Everything has a cost, and every decision affects multiple metrics.

What is LTL Shipping?

SupplyPike

Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. Get better shipping rates.

Final Mile Metrics: What Should Be Measured?

GlobalTranz

The final mile logistics management has always been the most expensive and risky part of shipping. The post Final Mile Metrics: What Should Be Measured? Data Final Mile Key Performance Indicators final mile metricsLacking visibility and the inability to track and understand the final mile contributes to an assumption of risk. However, the rise of final mile technology offers an opportunity to collect data and generate insights, despite the lack of a.read More.

[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

GlobalTranz

Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. We hope you enjoy this comprehensive look into data, business intelligence, metrics, and the CORE KPIs every shipper and manufacturing or supply chain professional should know in order to continually improve business practices and reduce overall costs.

How to Optimize Shipping Costs Across All Modes With Analytics

Intelligent Audit

Many factors play into shipping costs within the supply chain network. Optimizing shipping costs and examining the budget and current spending will help improve operations across the supply chain network. . Maximize Savings on Shipping Costs With the Right Analytics Partner.

What are Ecommerce Shipping Zones?

Supply Chain Game Changer

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. Shipping Zone Definition. Subscribe Here!

Using Shipping Data for Peak Season Preparedness Relies on Actionability

Intelligent Audit

Shippers should expect a surge in shipping volumes and tight capacity due to a historic rise in e-commerce transactions. These factors are driving shipping costs higher and shippers need to prepare. According to Supply Chain Dive , shipping “prices have fluctuated wildly.

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

GlobalTranz

E-commerce has presented wholesale distributors and original equipment manufacturers (OEMs) with a crown opportunity for growth, but it comes at the cost of transitioning from single-channel shipping. Over the last year, average e-commerce sales have increased more than 15 percent, revealing the increasing demand for multichannel fulfillment and shipping. Adapting supply chain systems to succeed in multichannel fulfillment and shipping, also requires additional setup time.

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.

Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

While we live in an age where same-day delivery and free shipping have become customer expectations, we also live in an age where dimensional weighting and quarterly accessorial increases have become a reality from the carrier. Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Use the Correct Metrics.

Why Collect Shipping Doesn’t Work for CPG Brands

Zipline Logistics

Collect shipping or customer pick-up (CPU) delivery options are an often promising solution for brands working with large, nationwide retailers. . What is Collect Shipping or Customer Pick-Up Pricing?? . Collect Shipping and Loss of Supply Chain Control .

What Are the Characteristics of the Best Shipping Analytics Tools on the Market?

Intelligent Audit

However, not all shipping analytics tools are created equally. As technology advances, companies must consider multiple potential features, platforms, and companies when choosing and applying shipping analytics capabilities across modes, multi-site locations, and more.

Tools 52

A New Decade: Give Science A Chance

Supply Chain Shaman

The problem is that the manufacturing lines are 125% utilized, and there is an ongoing struggle to produce tonnage, much less ship the right product from the production lines to customers based on orders.

Are Your Manufacturing Metrics Meaningless?

synchrono

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Bob in sales promises a customer that their order will be shipped by the 15 th of the month. Making Manufacturing Metrics Meaningful Again. Orders can be shipped the next day with no extra effort. Guidebook: Metrics for Action Guide.

How to Ship More Freight and Less Air

AFFLINK

If your logistics personnel aren't packing shipping and air freight containers effectively, then you're going to pay high shipping rates for nothing more than air. This, in turn, leads to much denser containers and lower aggregate shipping costs.

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 ? .

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. Be sure not to penalize or reward suppliers based on your choice of shipping method. Specific Quality Metrics.

[PODCAST] Why Logistics Execs Who Glean Insights from Transportation Management Data Collaborate More & Reduce Shipping Costs

GlobalTranz

Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Why collaboration between all entities in the shipping process is really the key to success in effective transportation management.

Why On-Time Shipping Performance Continues to Be Critical

Intelligent Audit

On-time shipping performance remains one of the most critical factors for shippers of choice. On time shipping performance can have a direct and consequential effect on logistics and shipping and can be impacted directly in many ways. When trying to maintain timely order delivery and protocols, some common challenges and issues that can cause delays in the logistics and shipping timelines should get noted. Not enough planning before, during, and after shipping.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

GlobalTranz

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Contract negotiation is becoming a major factor in shipping.

The Most Important Metric for Increasing Revenue

Unleashed

Average Order Value (AOV) is one of the few important metrics for businesses to analyse and track to gain an understanding of their current revenue and how they may increase it. Facilitating ease and accessibility through free shipping and a smooth returns process is a great way to encourage a purchasing decision in those customers who are faltering. Sometimes offering something such as free shipping is all the comfort they need to commit to a purchase.

10 Inventory Metrics You Need to Know Right Now

EMERGE App

You can with inventory metrics. Why should you care about inventory metrics ? We think these are the top 10 inventory metrics that you need to know right now. Top Ten Inventory Management Metrics. Cycle Time = Actual Ship Date – Customer Order Date.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc).

What Are the Key Performance Indicators for the Shipping Industry

Intelligent Audit

For that reason, it’s imperative for shippers to start tracking the right data metrics in the form of these critical key performance indicators for the shipping industry. On-time delivery is yet another carrier metric that amounts to overall success of logistics.

5 Ways Real-Time Freight Analytics Create Competitive Advantages

Turvo

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. It also is making shipping managers change the way they operate. Today’s Changing Shipping Industry Requires Adaptability And Versatility.

11 KPIs to Measure Your Carrier Performance

Freight Center

There are hundreds of metrics you can use to measure your supply chain performance and creating a carrier performance scorecard should be one of them. Freight Shipping & Logistics

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Cash-to-cash is a compound metric.

Wanted: Supply Chain Architects!

Supply Chain Shaman

The flows are typically linear and the analysis is on alternate modes and best shipping lanes. I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.