GlobalTranz

JULY 13, 2015

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? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

The Logistics of Logistics

OCTOBER 8, 2012

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.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

GlobalTranz

JANUARY 4, 2017

In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. This two-part blog series will take you thru the RFP questions along with the answers you'd expect to see from the 3PL. Customer metrics. 3PL Answer 1. The Client Details.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Supply Chain Insights

SEPTEMBER 2, 2014

Today, 90% of publicly-traded companies are stuck at the intersection of operating margin and inventory turns. 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. It is needed.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Design 253

GlobalTranz

OCTOBER 21, 2015

Here are the 9 key topics to understand in the relationsihp between the shipper and the 3PL. To be unified is to collaborate and trust the shipper/customer Third Party Logistics Service Provider (3PL) relationship. For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

JULY 20, 2015

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Energy used in handling returns : This metric is used in sustainability programs.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

GlobalTranz

JUNE 2, 2016

Like any outsourced partnership to a service and technology provider, such as in a 3PL relationship, it is vital that all sides are on the same page and speaking the same language in the way of goals, desired outcomes, strategy, and execution for whatever the customer and the outsourced provider are trying to achieve. Who pays for all this?

3PL 120

3PL Manufacturing Procurement Optimal Sourcing Resource Reduction 120

Supply Chain Shaman

MARCH 5, 2019

Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. The focus is on functional metrics, but are unable to get to overall supply chain metrics. What most companies want is a system with prescriptive analytics to tell them when a shipment is expected to be late and what action to take.

Supply Chain Design Software 294

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 294

Unleashed

JANUARY 16, 2023

When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? 3PL providers are experts when it comes to shipping and logistics.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

GlobalTranz

OCTOBER 6, 2021

Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL . Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing. The value gained from rapid scalability and collaboration is critical for the modern supply chain.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

SCMDOJO

JUNE 14, 2023

In today’s competitive market, the successful operation of a business hinges on the smooth integration of various processes and information management systems, especially when it comes to 3PL integration. Thankfully, outsourcing logistics services to a reliable third-party logistics provider (3PL) can make a significant difference.

3PL 93

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 93

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

GlobalTranz

JUNE 28, 2016

The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. As the world’s economy has become increasingly complex, it has become impossible for a single entity to control all of the warehousing, transportation and administrative tasks that come with shipping and managing inventory.

Supply and Demand 152

Supply and Demand Logistics Network Optimization Software Inventory Reduction Resource Reduction 152

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

GlobalTranz

SEPTEMBER 23, 2021

Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL. Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing. transportation metrics ?that Proper vetting of carriers helps ensure risk management, and creates?are are liable?network

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Logistics Bureau

NOVEMBER 26, 2024

The specific focus of this article, is on traditional Third Party Logistics (3PL) contracts and the types of pricing mechanisms available for use within warehousing contracts, and does not cover other very important aspects such as: Planning and management of the selection process. Understanding 3PL Contracts What is a 3PL Contract?

3PL 87

3PL Negotiating Skills Price Reduction Resource Reduction 87

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ModusLink Corporation

OCTOBER 16, 2023

3PL in Modern Supply Chains Introduction In today’s rapidly evolving global business landscape, supply chain management has become more complex than ever. To address these challenges, many organizations are turning to Third-Party Logistics (3PL) providers.

3PL 78

3PL Supply Chain Planning Software Negotiating Skills Modeling 78

GlobalTranz

DECEMBER 28, 2015

The 3PL industry is currently at a juncture where stakeholders are being forced to reconsider the way they do business. Outsourced Logistics: Big & Small Brands Alike are Targeting 3PL Services. Yet in outsourced logistics simply refers to hiring a third-party logistics service, 3PL, to handle the logistics services.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Third Party Logistics 3PL 120

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

GlobalTranz

MAY 6, 2015

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. Risk Management.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

Supply Chain Shaman

NOVEMBER 21, 2017

BPO/3PL providers need to be eliminated through machine learning and automation. Drones in warehouses using machine learning for real-time inventory and self-driving vehicles are transforming logistics. Stalled progress on metrics: 90% of companies find themselves stuck on key supply chain metrics (cost, inventory, growth, ROIC).

Supply Chain Planning Software 152

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 152

GlobalTranz

OCTOBER 19, 2015

Controlling Inventory Flow & Driving Warehouse Efficiency. One of the most overlooked success factors to shipment tracking is simply defining what the expectation is between your own company, the receiver of the goods, a 3PL, and your carrier partners. Creating an Effective Transportation Management Program Run by Metrics.

Transportation Management 120

Transportation Management Resource Reduction Cost Reduction Strategies Optimal Sourcing 120

3PL Insights

OCTOBER 6, 2017

When choosing a 3PL, it’s important to be picky. A good 3PL will not only increase quality and reduce mistakes, but will also create an opportunity to review and simplify your supply chain processes. Here’s a few reasons to use a 3PL when you’re learning how you can leverage your 3PL to improve your fulfillment strategy.

3PL 58

3PL Material Savings Resource Reduction Expense Reduction 58

ShipBob

JUNE 18, 2023

If you start out a quarter with more inventory than when you started the previous quarter, is it a good thing or a bad thing? Or, it’s an indication that you have more inventory than you can sell. If you start out with less inventory than the period prior, it could mean you sold a lot of your stock — congratulations!

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. In this article, we’ll examine all that 3PL warehousing entails, while helping you find a 3PL partner that’s right for your business. Types of 3PL Warehousing.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

ShipBob

JANUARY 23, 2023

Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. For growing brands like Ample Foods, partnering with a 3PL can alleviate the pressures of working directly with carriers.

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

The Logistics of Logistics

APRIL 6, 2013

In my opinion, a service level agreement should be used in any customer-3PL engagement. Inventory Record Accuracy via Cycle Counting and Root Cause analysis. Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. Turnaround time.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

Talking Logistics

JULY 19, 2013

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).

Logistics Network Optimization Software 152

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 152

Logistics Viewpoints

OCTOBER 25, 2021

Here “near real-time” is defined as a refresh of key metrics every five minutes. The customers at the conference included very large food & beverage companies, the largest 3PL in the world, and companies from other industries as well. The real-time reporting of work was weaker than expected.”. Overcoming the Objections of IT.

Real-time Visibility 197

Real-time Visibility Analytics Software Supply Chain Planning Software Demand Planning Software 197

The Network Effect

NOVEMBER 23, 2015

Aftermarket parts inventories must be made available at the right time in the right quantities in the right mix at the right location within a supply network in order to provide targeted levels of after-sales services at targeted cost levels while being able to guarantee the achievement of customer service metrics.

Automotive 100

Automotive Supply Chain Network Software Logistics Network Optimization Software Inventory Management Software 100

Kanban Logistics

OCTOBER 31, 2023

If you’re outgrowing your current warehousing partner or are ready to make the leap from DIY to a more robust operation, 3PL outsourcing may be the answer. In this article, we’ll tell you a little about what a 3PL warehousing operation looks like and give you 5 benefits that an outsourced 3PL relationship can have for your business.

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

Ware2Go

MARCH 25, 2022

Most small to mid-sized merchants looking to outsource their fulfillment start with a 3PL. However, 3PLs are typically regional providers, and in order to establish a nationwide footprint, many small to mid-sized merchants end up cobbling together multiple 3PL’s, complicating their supply chain and fulfillment operations.

Shipping 140

Shipping Supply Chain Network Software How To Warehousing 140

GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. Using New Technology for Maximizing Warehouse Space Is the Solution New technologies and warehouse automation are poised to enable warehouse managers to increase inventory without necessarily increasing space.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Optimization Software 121

Logistics Bureau

SEPTEMBER 28, 2020

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. The Differences between 4PL and 3PL. What is 3PL? What is 4PL?

Logistics Network Optimization Software 98

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Company 98