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Creating a data-driven supply chain tracking important transportationmetrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor TransportationMetrics. Transportationmetrics provide visibility that helps drive operative and competitive advantages.
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? In today’s architectures and functional metrics, value optimization does not exist. Align functional metrics to reliability to deliver value.
Many large organizations have multiple systems for order, warehouse, or transportation management that are barely integrated frequently not at all. Ability to Meet Fulfillment Goals According to the survey, only a mere 1% of respondents achieve 80% or higher for their OTIF metrics, with the average percentage of OTIF being a mediocre 62.21%.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supply chain research should be readily available and not locked behind a paywall.) (If Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics.
Transportationmetrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supply chain professionals. reading for transportation capacity during May, which was roughly in line with April. To learn more about SONAR, click here. slowed by 5.5
With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Start with your supply chain.
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.
Yes, we have achieved greater normalcy in transportation. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. What is normalcy?
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. Finally, the top 10 list was rounded out safety and metrics. These will only contain posts written in 2014. Read Full Post.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment.
In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The company recorded 1.9
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. The risks associated with chemical manufacturing include the storage and transportation of raw materials, finished products, and waste. Chemical companies are extremely safety conscious.
The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.
I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics.
Today’s article is the third part in a series featuring surveys from APQC on supply chain topics including last mile and digital transformation. As a percentage of the total fuel consumed in transportation and warehousing, respondents report that currently only 7 percent comes from renewable sources (at the median). Per our survey, 64.2
In the fast-paced world of logistics, efficient transportation is paramount. To stay competitive and sustainable, businesses must maximize their transportation vehicle utilization. References: Department for the Environment, Transport and the Regions. Road Freight Transport and the Environment. Kearney, A. Mackie, P.
To understand supply chain excellence, Abby and I have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. This analysis has been fun and insightful. How does the methodology compare to the Gartner Top 25.
The Supply Chain Matters blog highlights a revealing survey published this week regarding viewpoints relative to business sustainability and ESG actions which reflect both a call to action and a perspective of advanced technology enablement. . Announced Survey Findings. Background. This study, sponsored by Savanta, Inc.
Department of Transportation, which has selected 37 projects to be given funds made available by the Bipartisan Infrastructure Law’s (BIL) Mega Program and the Infrastructure for Rebuilding America (INFRA) Grant Program. billion worth, the survey found. These smaller sites are hybrid—part fulfillment center, part delivery station.
Our recently launched 2021 Logistics Executive Survey aims to seek out the “New Normal of Logistics.” The survey tracks the pulse of the market as logistics operations are emerging from the COVID-19 pandemic to periods of adjustments, redefinition, and eventually a new equilibrium. Importance of Sustainability is Growing in Logistics.
Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production. A change to one link (e.g. on-time delivery).
According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.
Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?
Search engine optimizations is one of the best digital marketing hacks out there for your industry since it helps buyers hunting for a transportation and logistics company find you online – and you don’t have to pay for PPC advertising. Tools like demographic data and customer surveys help refine that understanding.
Executives in the survey noted that an in-depth understanding of business processes and their effect on the bottom line is critical to supply chain data success. Trust can be built through a closed-loop change management effort that is centered on performance metrics that accurately reflect the current state of the supply chain system.”
The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 Of the 12 daily problems drivers – both men and woman — highlighted in the ATRI’s survey, women dealt with 11 of them more frequently than men. percent decrease from 2021.
I also think that Quintiq’s leadership in concurrent planning to solve new problems is promising, especially in the design of transportation and inventory flows. For example, we discovered that transportation and duties are 5x the expense of labor and overhead. Service level is our most important metric. Is it labor?
Since joining the company in 2011, he’s focused on developing and growing its Coyote Transportation Management offerings, driving synergy efforts with UPS, and leading the Supply Chain Consulting team. For the study, Coyote worked with a 3rd party research firm to survey over 500 supply chain decision makers.
The State of Retailing Online (SORO) survey of U.S. retailers conducted by NRF and Forrester Research surveyed the key metrics of 195 apparel, footwear, general merchandise, home furnishings and personal care retailers, and determined that the average cost to fulfill an order is $10 (shipping + fulfillment costs).
In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items. Several techniques in this relation were already developed for you, for example, a 380-degree survey.
Validate your plan periodically: time actual travel routes, survey staff, and solicit forklift operator feedback. Ensure your WMS integrates with financial management, transportation management, and order systems for seamless data flow. Tie organization metrics like error rates and accuracy into performance reviews.
In IDC’s recent Future Enterprise Resiliency & Spending Survey (Wave 2, IDC, April 2023), an average of 40% of supply chain organizations already invest in generative AI, with knowledge management as the top focus for generative AI applications.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said.
In a recent Federation of European Risk Management Associations (FERMA) survey with McKinsey , business operations and supply chain emerged as weak points in the areas of risk and resilience. Resilience through technical capability and consistency. There’s a lot of room for improvement to make supply chains more resilient.
This threat is growing, as 31% of businesses surveyed for our report said the problem of late payments has worsened in the past year. Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics U.S. Timely, incisive articles delivered directly to your inbox.
Brewster notes that a recent survey by Impinj of retail supply chain professionals which found 49% concerned about their ability to meet the requirements, and 37% saying they don’t expect to meet the EU’s deadline. Complying with the rule will be no easy task.
For those working on digitalization initiatives, the survey showed that only 25% are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. Analyzing real-time insights and historical performance using AI, delivers key metrics on availability and service levels.
Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Technology Boost.
If a major customer leaves, an AS/RS investment could become a stranded asset that sits on the balance sheet and drags down financial metrics such as return on asset (RoA) or other profitability measures. Risk Mitigation and Financial Stability The same flexibility helps mitigate longer-term financial risk.
In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. In 2014, a Supply Chain Council survey found that managing global supply chain complexity was among the top 5 major issues. A very recent survey of U.S. Let me qualify that statement.
In a previous blog post , I discussed some highlights from Blue Yonder’s 2024 Supply Chain Executive Survey. There’s something else our survey participants have in common. In fact, 86% of our survey respondents will increase their investments in AI, ML, and generative AI in the future.
I did not understand warehousing and transportation until reassignment to a logistics role in 1985. The metrics reward functional thinking. The results are from different surveys each with a bias. (It This lack of alignment is an impediment to improving balance sheet results. I am a product of traditional, silo-based thinking.
As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And with that, have a happy weekend! Song of the Week: “Safe and Sound” by Capital Cities.
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