Talking Logistics

JULY 5, 2018

The key to a great truckload strategy is aligning capacity communities with attribute segments of your freight portfolio. In this post, I will outline how to select reliable core carriers and find the right third party logistics provider (3PL) for your business. We have been studying truck freight attributes and strategies since 2006.

Price Reduction 101

Price Reduction Expense Reduction Waste Reduction Cost Reduction Strategies 101

GlobalTranz

DECEMBER 29, 2015

We will then conclude the 5 main categories by featuring the top 10 freight articles of 2015. As a TMS provider, Cerasis also provides the services related to transport management: freight claims, freight accounting, carrier relations, and more. WHITE PAPER] The Complete Guide to Freight & Transportation Accounting.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Price Reduction 120

Freight Plus

OCTOBER 2, 2018

This week on Consulting Logistics we're answering our listener’s burning questions about the world of supply chain, logistics, and freight forwarding. In this episode we dive into contract rates vs spot rates, 3PLs vs 4PLs, 5 reasons why you should benchmark your carriers, and some advantages of shipping LTL. Stitcher. ,

Benchmarking 40

Benchmarking Logistics 3PL Freight 40

Intelligent Audit

JANUARY 28, 2021

But first, it’s essential to understand its value and why it’s a critical tool in the shipping manager’s playbook. This sort of scorecard highlights areas of supplier performance and works to bring attention to potential problem areas within the shipping supply chain. What is a Logistics KPIs Scorecard.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59

Supply Chain Collaborator

OCTOBER 17, 2017

The third party logistics (3PL) model, while critical to smaller, low-volume shippers, has never been the best option for organizations shipping moderate-to-high volumes of freight. Purveyors of logistics IT solutions have been warning of the shortcomings of 3PL tech for years.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Software Modeling Software Logistics Network Optimization Software 60

Talking Logistics

JULY 19, 2013

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. New e-commerce strategies threaten UPS, FedEx ( Reuters ).

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 134

MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. We have a shipping community that is dialed into using technology and trying to make sure that they bid everything electronically.” Here are some highlights from his talk.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Talking Logistics

FEBRUARY 13, 2015

Bigger Container Ships Pose Bigger Risks (WSJ – sub. Chainalytics Introduces FMIQ Monthly Benchmarking Index. December 2014 Freight Transportation Services Index (TSI). With more than 30 cargo ships anchored offshore, countless supply chains scrambling, and the prospect of a $2 billion per day hit on the U.S.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Logistics Supply Chain Planning Software Modeling Software 100

GlobalTranz

JULY 13, 2015

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). On-Time Shipping. This involves monitoring for the late departure of shipping containers as well as premature completion of a specific freight loading time.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

GlobalTranz

APRIL 13, 2015

Well designed TMS systems contribute in all these stages and helps to take a business global through effective management of freight flows and increased efficiency throughout the distribution network. Does the system support all modes of shipping within your operation? It can be leveraged at three basic levels: Strategizing.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

CH Robinson Transportfolio

JANUARY 16, 2018

The key to a great truckload strategy is striking the perfect balance between core carriers and a 3PL. In this post, we will outline how to select reliable core carriers and find the right 3PL for your business. Select the right 3PL to augment your strategy. Create continuous moves by combining multiple shippers’ freight.

Price Reduction 34

Price Reduction Waste Reduction Expense Reduction Cost Reduction Strategies 34

Unleashed

JULY 25, 2023

Once you know it, measure your inventory turnover against industry benchmarks and look for opportunities to better position your business by managing your inventory more strategically. Reduce shipping times Fast and reliable shipping helps to increase sales and is essential to the efficient turnover of your inventory stock.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

The Logistics of Logistics

MAY 4, 2021

Andy Lloyd is the Chief Executive Officer of 3PL Central , a company that specializes in cloud-based warehouse management system (WMS) solutions. Andy Lloyd is the Chief Executive Officer of 3PL Central. About 3PL Central. 3PL Central also helps their customers to adopt 3PL fulfillment best practices. 3PL Central.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Network Software Supply Chain Software Third Party Logistics 216

GlobalTranz

JUNE 11, 2015

Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem. New Product case study: I f a Supplier is producing a new component for you, before they ship the new product, always ask for a pre-shipment sample. How have you improved supplier quality?

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logistics Bureau

AUGUST 10, 2017

If so, you’ll need to consider whether you will pass the costs of high-speed delivery on to the customer as shipping charges or absorb them in the retail price of your products. With that in mind then, will you work with 3PL companies to get your products delivered? Read More: Less Frustrating Way to Negotiate Freight Contracts.

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44

GlobalTranz

JUNE 13, 2018

Shippers face more challenges than ever before when it comes to managing freight spend and allocation. While many other questions exist, freight management in today’s world is built on the internet, speed, use of data, and staying attractive to drivers. The Freight & Transportation Management Trends to Know in 2018.

Cost Reduction Strategies 161

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 161

GlobalTranz

SEPTEMBER 14, 2016

Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

Logility

SEPTEMBER 16, 2022

Your buyers or your 3PL might be taking advantage of opportunistic contracts— trucks that were cheap for a single event, but do not reflect the market price next year. You can see three warehouses and almost every warehouse shipped to each destination city. But this is the real world and reflects the optimum use of the freight market.

Modeling Software 130

Modeling Software Modeling Optimization Modeling Logistics Network Optimization Software 130

GlobalTranz

MAY 23, 2016

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. The dedicated TMS can further eliminate the frustrations that occur with typical full-truckload (FT) shipments and small package freight by combining all KPIs and available options into a single, comprehensive tool.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136

Logistics Bureau

JULY 12, 2017

Choosing freight carriers is not the easiest of tasks, so it’s understandable why companies often overlook the need for a freight review , even when such an undertaking is long overdue. Read and Heed the Signs that Freight Review is Due. But how do you know when it’s the right time to conduct a freight review?

Negotiating Skills 40

Negotiating Skills Freight Logistics Network Optimization Software Purchasing Skills 40

ShipBob

APRIL 15, 2024

However, it’s also important to consider any industry-specific GMROI benchmarks to make sure that your business is keeping up with the competition. puts it far behind the competition, as the GMROI benchmark in this industry for 2021 is $3.90. This enabled them to cut their average shipping time by a third, from 5.2

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

Talking Logistics

NOVEMBER 2, 2015

This “a la carte” approach — with technology as the centerpiece in many cases — is a departure from how most third-party logistics providers (3PLs) have traditionally gone to market. CLX Logistics is not alone in providing clients with a mix of technology, managed services, and advice.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Network Optimization Software Supply Chain Design Software Modeling Software 100

Supply Chain Network

MAY 11, 2019

Performance benchmarking. Again, I would assert the “Power of Two” is again at work; by having one in-house site and one outsourced is an effective way to benchmark your business, challenging both your own operations folks and the 3PL to perform at peak levels. Flexibility and scalability. The Outlook. Jeff Ashcroft.

Canada 60

Canada Cost Reduction Strategies Modeling Benchmarking 60

Zipline Logistics

JUNE 30, 2020

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. These are a la carte, or per service, and outside of standard shipping and receiving. It may be the dimensional weight of the shipment.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

GlobalTranz

DECEMBER 30, 2014

Logistics and Transportation Expenses: Understanding Their Role in the Cost of Doing Business : As logistics and transportation expenses take a larger bite out of every sales dollar, companies must continually analyze their freight expense relationship to their overall cost of doing business. Read the Full Blog Post. Read the Full Blog Post.

Expense Reduction 232

Expense Reduction Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 232

Supply Chain Network

SEPTEMBER 22, 2013

Again I would assert the ‘Power of Two’ is again at work as by having one in-house site and one outsourced is an effective way to benchmark your business, challenging both your own operations folks and the 3PL to perform at peak levels.

Canada 133

Canada Third Party Logistics Modeling Logistics Network Optimization Software 133

6 River Systems

DECEMBER 11, 2018

Reassess the value of your 3PL provider. “Third party logistics (3PL) providers offer solutions in warehousing, packaging, assembly and distribution under one roof, so you can leave some or all of the order fulfillment to supply chain experts. “The team also needs to understand the firm’s order fulfillment budget.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

4WL Consulting

AUGUST 15, 2016

With the introduction of countless online shipping websites and ‘Uber-style’ apps, shopping for freight rates is easier than ever for companies of all sizes. And choosing the cheapest shipping option this way will always come at the expense of establishing a real relationship with a 3PL partner.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Price Reduction Expense Reduction Cost Reduction Strategies 100

4WL Consulting

AUGUST 15, 2016

With the introduction of countless online shipping websites and ‘Uber-style’ apps, shopping for freight rates is easier than ever for companies of all sizes. And choosing the cheapest shipping option this way will always come at the expense of establishing a real relationship with a 3PL partner.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Price Reduction Expense Reduction Cost Reduction Strategies 100

6 River Systems

DECEMBER 13, 2019

After implementing Chuck by 6 River Systems , one leading 3PL doubled its pick rates and improved order accuracy to 99.9%. Where is your picking operation located with respect to shipping and product storage? That’s not just in the storage area; it holds true for receiving, shipping and all other process areas.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Freight Plus

OCTOBER 2, 2018

There are few battles in the world of freight more heavily debated than contract vs spot pricing. A contract rate is a fixed price that is valid for a predetermined period of time and is negotiated with a shipper in advance of any freight moves. The main factor in determining the cost of moving freight is capacity.

Negotiating Skills 40

Negotiating Skills Freight Capacity Benchmarking 40