The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? On-Time Shipping.

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. Here I share his insights: Philippe, which supply chain metrics do you think matter?

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. The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction.

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

Cerasis

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.

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. When it comes to supply chain metrics, “beauty is in the eye of the beholder.”

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.

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

Cerasis

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.

Multi Carrier Shipping: 8 Ways to Avoid the Shortsightedness Of Chasing The Least Cost Carrier

Cerasis

When you are looking to choose a carrier when it is time to ship your freight, it might seem obvious to go with the carrier that provides you with the lowest “sticker price.” 7) Using a Multi Carrier Shipping Transportation Management Solution.

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? Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

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

Cerasis

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.

[INFOGRAPHIC] Optimize Manufacturing Operations with these 5 Golden Manufacturing Metrics

Cerasis

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. The 5 "Golden Metrics" to Know in order to Drastically Improve Manufacturing Operations.

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. Making Manufacturing Metrics Meaningful Again.

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. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Cash-to-cash is a compound metric.

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

Cerasis

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.

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.

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.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

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.

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.

3 Technology Companies Disrupting Shipping

FLEXE

Basically, responsible for ocean freight carriers, ocean ships that rely on truck companies. Shipping a 40-ton container back in July or June used to cost about $700 — a 40-ton container. More than half of Hanjin’s ships were chartered.

5 Strategies for Successfully Outsourcing Shipping Logistics

CH Robinson Transportfolio

Be prepared to discuss your desired metrics and future expansion plans. The post 5 Strategies for Successfully Outsourcing Shipping Logistics appeared first on Transportfolio. Often in my work in the C.H.

Parcel Shipping: Dimensional Weight and the Post-GRI Blues

Talking Logistics

If you ship printed matter, hardware, or any other products with high density, you may not be impacted at all. Performing packaging studies to ensure that you are using an optimum box mix given your order metrics is always a good idea.

Managing a Third Party Logistics Partnership

The Logistics of Logistics

If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account. When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

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. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). Only the most important metrics can grow up to become KPIs.

KPI 186

The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

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. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The best 3PLs provide strategic and comprehensive solutions that address all aspects of shipping.

Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS

Supply Chain Collaborator

Tendering Metrics. The post Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS appeared first on UltraShipTMS. How well does your TMS drive process improvement and efficiency in transportation logistics? Any decent TMS solution helps shippers standardize workflows and automate things like rating, routing, tendering and carrier management functions.

The Best LTL KPI for Measuring Cost

The Logistics of Logistics

One of the reasons, to use LTL KPIs is to know whether the shipping function is improving. The KPI gives the shipper an objective measure to compare freight rates, different weights, freight class, carriers and shipping locations. In lieu of the KPI, shippers can only compare the prices for the same shipping lane. The cost per pound metric can be used to compare individual shipments, carriers, and even weekly invoices.

KPI 109

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Michael answered his own question by pointing out that most companies have some combination of transportation management systems (TMS), warehouse management systems (WMS), order management systems (OMS) or an ERP that contain tremendous amounts of data that they can use to better understand service levels, freight spend, profitability, and many other metrics. One area that can quickly yield benefits is in parcel shipping.

Preparing Your Supply Chain for Capacity Challenges

Transplace

Data, Metrics and Communication. In order to reach true network optimization, shippers need to utilize the right analytics and business intelligence, and there are a few key metrics that help paint an overall picture. Preparing Your Supply Chain for Capacity Challenges.

Drivers of Modern-Day Warehouse Management System Adoption

Veridian Solutions

Seasonal and sudden changes in product demand and variety mean warehouses must continuously reslot items to reduce pick times and ship products faster. eCommerce Metrics and KPIs OmniChannel Retail Supply Chain Warehouse Management

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

synchrono

The result is expensive; using faster shipping methods to get the part back on the shop floor. Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages.

KPI 89

Cold Chain Technology Ensures Temperature-Controlled Environment

OneSCM

Technology can eliminate data silos and lack of communication for cold chain and blockchain metrics, increasing transparency and improving customer satisfaction. Supply chain executives need to ensure that environmental and geological conditions are met.

Preparing Your Supply Chain for Capacity Challenges

Transplace

Data, Metrics and Communication. In order to reach true network optimization, shippers need to utilize the right analytics and business intelligence, and there are a few key metrics that help paint an overall picture. Preparing Your Supply Chain for Capacity Challenges.

The Best LTL KPI for Measuring Freight Damage

The Logistics of Logistics

With LTL shipping, shippers are more likely to experience freight damage, because the freight is unloaded and loaded more than a dedicated full truck. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Bottom line: Measuring damage free shipments delivered is simple and can provide some great insights into the shipping function.

KPI 100

The Best LTL KPI for Measuring On Time Performance

The Logistics of Logistics

White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Bottom line: Measuring on time performance is simple and can provide some great insights into the shipping function. Armed with the on time performance KPI, shipping folks can drive improvements in the shipping process. The best LTL KPI for measuring on time performance is simply the percentage of on time shipments.

KPI 100

Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy

Cerasis

Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy. While some vendors might disagree with plans to implement and inbound shipping strategy to reduce your costs, remember that you must look out for your company first. Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs. Furthermore, your company must pay the costs of shipping , which may more than the carrier’s charges or double-billed.