Managing a Third Party Logistics Partnership

The Logistics of Logistics

Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. The post Managing a Third Party Logistics Partnership appeared first on The Logistics of Logistics. 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.

2013 Third-Party Logistics Study

Supply Chain Movement

The success of the third-party logistics industry is evident in the generally high marks given to 3PLs by respondents to a survey as part of the 2013 17th Annual Third Party Logistics Study, which identifies trends and explores how both 3PLs and shippers are using these relationships to improve and enhance their businesses and supply chains.

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E-commerce spurring drive for innovation in third-party logistics industry

EFT

With both the rise of e-commerce and the increasing expectations of a consumer-like experience for B2B, 3PLs are experiencing pressure to evolve regardless of their customers says the Third Party Logistics Report. In this dynamic environment, e-commerce and omnichannel strategies have become a must-have for expanding logistics businesses.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. The Trump administration could be a redeeming feature for the logistics industry, but some of his recent promises could come at a great price. Omni-Channel Solutions Will Become Fundamental Logistics Services. Third Party Logistics Service Providers Will Push the Boundaries of Digitization.

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. 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?

This Week in Logistics News (September 7-11, 2015)

Talking Logistics

Remembering 9/11 seems more important to me, even if it doesn’t directly relate to supply chain and logistics. The fact of the matter is that most companies still have a poor understanding of their end-to-end supply chain processes, including shipment flows and the identity of all the parties involved. They also lack process controls and metrics. Moving on to this week’s supply chain and logistics news… XPO Logistics to Acquire Con-way.

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. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Profitable E-commerce is all about how and who leads your Fulfillment Operations

Supply Chain Network

In fact, this year I have the pleasure of presenting my insights from the perspective of someone who lead the business side and now leads a team on the logistics service provider side. This session will also cover how Omni-channel affects the costs and metrics in distribution. SCI Logistics.

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

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics White Paper.

Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). 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. Only the most important metrics can grow up to become KPIs.

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The Best LTL KPI for Measuring Cost

The Logistics of Logistics

Logistics Key Process Indicators (KPIs). The cost per pound metric can be used to compare individual shipments, carriers, and even weekly invoices. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The post The Best LTL KPI for Measuring Cost appeared first on The Logistics of Logistics. The best LTL KPI for measuring cost performance is cost per pound.

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Webinar: Using LTL Key Process Indicators (February 27, 2013)

The Logistics of Logistics

The post Webinar: Using LTL Key Process Indicators (February 27, 2013) appeared first on The Logistics of Logistics. In this free webinar, participants will learn a methodology for using LTL key process indicators (KPIs). The LTL key process indicators are used to measure and then improve LTL carrier performance. Participants will learn specific actions for reducing costs, billing errors, and damaged shipments.

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LTL Carrier Scorecard with Key Process Indicators (KPIs)

The Logistics of Logistics

The old adage, “you can’t manage something you can’t” measure” definitely applies in logistics. Without measurement, shippers and logistics providers are not able to objectively analyze logistics performance. Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). This means that while all KPIs are metrics, not all metrics are KPIs.

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Webinar: How to Measure LTL Carrier Performance and Save Money (November 21, 2012)

The Logistics of Logistics

The post Webinar: How to Measure LTL Carrier Performance and Save Money (November 21, 2012) appeared first on The Logistics of Logistics. In this free webinar, participants will learn a methodology for measuring LTL carrier performance. They will also learn specific actions for reducing LTL carrier shipping costs. Webinar topics will include: 1.) Key process indicators (KPI) for the most important aspects of LTL shipping.

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The Best LTL KPI for Measuring Freight Damage

The Logistics of Logistics

Logistics Key Process Indicators (KPIs). White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The post The Best LTL KPI for Measuring Freight Damage appeared first on The Logistics of Logistics. The best LTL KPI for measuring damaged shipments is simply the percentage of damage free shipments delivered. Cost, on time performance and billing accuracy don’t mean much if the carrier damages the freight.

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The Best LTL KPI for Measuring On Time Performance

The Logistics of Logistics

Logistics Key Process Indicators (KPIs). White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The post The Best LTL KPI for Measuring On Time Performance appeared first on The Logistics of Logistics. The best LTL KPI for measuring on time performance is simply the percentage of on time shipments. The calculation for LTL on time performance is described below.

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KPIs for Warehouse Fulfillment Operations

Amware Logistics and Fulfillment

eCommerce companies will invest huge amounts of time crafting performance metrics for fulfillment operations, but spend very little time actively monitoring and managing these key performance indicators (KPIs). When it comes to running a robust metrics program for eCommerce fulfillment, there’s a right way and a wrong way. Third Party Logistics Logistics Outsourcing eCommerce FulfillmentHere’s an irony for you.

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The Best LTL KPI for Measuring Billing Accuracy

The Logistics of Logistics

The carrier and or the logistics companies involved can help the shipping group identify the correct NMFC and freight class. Logistics Key Process Indicators (KPIs). White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. The post The Best LTL KPI for Measuring Billing Accuracy appeared first on The Logistics of Logistics.

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When Choosing 3PL Warehouse KPIs, More Isn’t Always Better

Amware Logistics and Fulfillment

It’s a hugely important question, because when it comes to setting these criteria, many companies are guilty of metrics overkill. Third Party Logistics Logistics Outsourcing eCommerce FulfillmentIf your company used just a few KPIs to measure your 3PL warehouse performance, which would you choose – and why?

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. CPG Logistics Logistics KPIs 3PL Outsourcing

Looking for Growth in Lean Times? Look North to Canada!

Supply Chain Network

On whichever metric one compares, Unemployment, GDP, Inflation or Currency, Canada has fared better during this downturn. First step is to establish an e-Commerce test for your products in Canada supported by your US e-commerce/logistics operations with initial support from a Non-Resident Importer (NRI) ready logistics partner in the Canadian market. Emerging Trends Canada e-commerce e-tail fulfillment growth opportunity retail Third Party Logistics

Market Fluctuations in the Oil and Gas Industry: A Catalyst for Supply Chain Improvement

Talking Logistics

How are market fluctuations impacting the supply chain and logistics operations of Oil and Gas companies? Which metrics are the most important? What role can third-party logistics providers play in helping Oil and Gas companies move up the supply chain maturity curve? The post Market Fluctuations in the Oil and Gas Industry: A Catalyst for Supply Chain Improvement appeared first on Talking Logistics with Adrian Gonzalez.

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

synchrono

When it comes to ordering materials and components, managing inventory levels, or organizing the delivery of finished goods to customers, companies are forced continually to chase business partners – mostly suppliers, logistics companies, and retailers – via a messy stream of emails, phone calls, and even faxes. Regional Plant Networks can connect to Warehouse/Distribution Centers to better manage excess inventory and monitor status from Third Party Logistics (3PL) providers.

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Service Level Agreement Defined

The Logistics of Logistics

A service level agreement (SLA) is a contract between a Logistics service provider and a customer that specifies, in measurable terms, what services the Logistics provider will furnish. Many customers manage their Logistics providers with an SLA. Sometimes, the Logistics provider has their own SLA/KPI that they want to use with any customer, but negotiation is still in order. An SLA/KPI is typically used when there is a Logistics provider contract to co-sign.

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What should you expect from your 3PL's WMS?

West Coast and California Logistics

It wasn’t that long ago that simply having a sophisticated warehouse management system (WMS) was a major selling point for third-party logistics (3PL) providers. 3PL Outsourcing Multi Channel Fulfillment Fulfillment B2C Metrics-KPIs Inventory Control Electronic Data Interchange WarehouseOver time, however, this technology has become commonplace, with just about all 3PLs having their own WMS bells and whistles to advertise.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . A service-level agreement (SLA) is a contract between a logistics service provider and a customer that specifies, usually in measurable terms, what services the logistics service provider will furnish. Many logistics service providers will provide their customers with an SLA.

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

Cerasis

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. 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.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

The Supply Chains to Admire analysis is now in its third year. Unfortunately, we find most companies are moving backwards on the Supply Chain Metrics That Matter™ or making progress on singular metrics versus driving performance improvement on a balanced portfolio of supply chain metrics that correlate to market capitalization. (If Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns.

50 Most Read Articles of All Time in Manufacturing, Supply Chain, Logistics, Transportation, & Freight

Cerasis

Since today is the last day of the year before we all get ramped up towards a productive 2016 and after finishing out top 10 most read articles in each of our five main categories ( Manufacturing , Supply Chain , Logistics , Transportation , & Freight ) we wanted to give you all a treat and list the top 50 most read articles of all time from the Cerasis blog. INFOGRAPHIC] Top 10 Logistics and Supply Chain Facts of 2014. Layers of Logistics Explained. Happy New Year!

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. Some cite a lack of visibility or lack of control for reasons to not manage inbound logistics, and while proponents of “increased visibility” argue more information begets more effective inbound logistics strategy, its meaning gets lost in the murky waters of the internet.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Raw material suppliers and logistics. This is actually where the concept of third-party Logistics providers involved. Ultimately, performance measurement is a metaphor for tracking any metric in the course of the supply chain , but it's key to being effective is found in transferring the insights gleaned from big data into actionable results.

3 Components to a Complete Lean Transportation Management System

LeanCor

We partner with a third party logistics provider to manage our transportation management. We have formally educated, experienced, and disciplined logistics professionals on our transportation team. After all, logistics processes are labor intensive and hence the importance of people. Although many people are looking for the “magic bullet” from technology, the fact remains that logistics is about processes, and people execute processes.

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Imagine the Supply Chain of the Future

Supply Chain Insights

While most companies have been able to make progress in one of these two critical metrics in the period of 2006-2013, they have not been able to make progress on both together. Will your UPS store or Third-party Logistics (3PL) provider, through printing on-demand, become the new provider of parts for industrial equipment?

Talking Logistics YOUniversity: Our First Course

Talking Logistics

Talking Logistics was launched as a live, online video talk show focused on supply chain and logistics topics. A year after launching, however, a supply chain executive said to me, “ Talking Logistics is like an online Executive MBA course, with live lectures and guest speakers every week discussing timely and important topics.” Which topics would you like to see as Talking Logistics YOUniversity courses? Logistics Outsourcing.

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How to Manage Global Supply Chain Relationships the Right Way

Supply Chain Opz

To compete as an integrated supply chain, companies must better understand how to manage their relationships with their supply chain partners, whether they are suppliers or third-party logistics providers (3PLs). Likewise, the metrics used to evaluate performance has to be consistent with the nature of the relationship of that supplier: strategic suppliers are expected to have a more comprehensive list of performance metrics than a transactional supplier.

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