Logistics Viewpoints

DECEMBER 18, 2024

Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.

Optimal Sourcing 143

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 143

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

ToolsGroup

APRIL 1, 2022

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Material Handling & Logistics ). Chain Store Age ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure. 3PL/SLA Skills/Knowledge.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Supply Chain Opz

JULY 31, 2012

Cost reduction has always been the number one priority for a company. While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. Introductory Guide to Spend Analysis. Discussion. A Case Study.

Price Reduction 100

Price Reduction Cost Reduction Strategies Expense Reduction Analysis 100

Freightos

JULY 23, 2015

And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Design Software San Francisco Predictive Analytics Software 120

Supply Chain Game Changer

NOVEMBER 19, 2018

Financial losses or declining profitability certainly make cost cutting a priority. And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. And the reality is that Supply Chain must be cost-effective. Cost and Profit Management.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Talking Logistics

JUNE 2, 2016

This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. Finding Freight Consolidation Opportunities . Freight consolidation offers a multitude of benefits to CPG brands. roads generate about 7% of U.S. million cars from U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

The Logistics & Supply Chain Management Society

JULY 16, 2023

You cannot rely solely on a general management risk reports but also need to develop a specific view of risks, such as halal risks. A halal risk report could provide essential halal risk and market intelligence for brand owners serving Muslim markets.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Enterra Insights

DECEMBER 17, 2018

For over 150 years consumers have been able to purchase goods through catalogs and have them delivered to their homes. ” Because logistics can be a significant differentiator, Mary De Asis reports some retailers are establishing their own logistics fleets.[3] For most of those years, their delivery expectations were modest (i.e.,

Innovation 100

Innovation Logistics Network Optimization Software Logistics Analytics Software 100

CH Robinson Transportfolio

JUNE 9, 2022

In your personal life, you can use a variety of devices to make purchases—from your phone to your smart TV, it’s all possible within whatever device you’re using. In fact, today you can procure freight rates from your transportation providers right in your TMS. Cost savings in loose markets. Specialized project freight.

Supply Chain Planning Software 70

Supply Chain Planning Software Demand Planning Software Analytics Software Optimization Software 70

Logility

SEPTEMBER 16, 2022

Why do we build logistics models? But I ask it because modeling often takes a detour into the land of debilitating detail. And by debilitating, I mean an enormous analytical time sink — think months. I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics?

Modeling Software 130

Modeling Software Modeling Optimization Modeling Logistics Network Optimization Software 130

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Your capacity to meet customer demands hinges on your ability to accurately report inventory. Calculate this by looking at hard costs for labor, freight, storage and insurance. A good benchmark is to reduce turnover, thus lowering training costs.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Intelligent Audit

NOVEMBER 17, 2022

With increased e-commerce shipping, high consumer expectations for delivery, and challenges in the supply chain, companies need optimized transportation systems and freight services. One of the fundamental ways to achieve this is through collecting and analyzing data — which can, in part, be done through a regular freight audit.

Freight 52

Freight Shipping Supply Chain Design Software Pricing Training 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted.

Optimal Sourcing 311

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 311

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory. a good result, or a bad one?

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

OptiProERP

JUNE 17, 2019

From procurement to shipment, every process of supply chain planning becomes streamlined by improving inventory visibility. . Enterprise Resource Planning software makes Purchase, Sales, Accounting, Production, Supply Chain Planning, Inventory and all other business operations easy and hassle-free. Provide actionable insight.

Real-time Visibility 66

Real-time Visibility Inventory Reduction Optimal Sourcing Supply Chain Planning Software 66

Supply Chain Game Changer

NOVEMBER 21, 2018

Amazon has set the benchmark for Last Mile Delivery. The Amazon Last Mile Delivery Benchmark. eMarketer reports that 61% of internet users in the U.S. would pay to receive their purchases on the day of order. Yet we also know that Amazon’s shipping costs are 18.5% Subscribe Here! Email Address. Conclusion.

Inventory Reduction 66

Inventory Reduction Cost Reduction Strategies Supply Chain Strategy Price Mitigation Strategies 66

GlobalTranz

OCTOBER 29, 2015

Recently, Whirlpool's management took a more customer-centric approach to analyzing its supply chain and began benchmarking its supply chain against other companies to identify "best in class" practices. A service level agreement with Logistics KPIs would help monitor these objectives. What core Logistics KPIs would you track?

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Historically, many of those customers concentrated keenly on measuring performance aspects such as cost to serve, perfect order, productivity, and cycle and lead times. Indeed, in many cases, sales and orders increased.

Optimal Sourcing 61

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 61

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Supply Chain Game Changer

NOVEMBER 25, 2018

suggests that it is more likely that the business model is driving the high ROA, not Supply Chain per se. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries?

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

DAT Solutions

JANUARY 29, 2019

often suffer from all kinds of severe weather during the first quarter, impacting freight movements. The National Weather Service advises people to stay indoors, but if you must go out, " avoid taking deep breaths and minimize talking," according to a report in USA Today. CNN reports that " 75% of the U.S.

Minneapolis 79

Minneapolis Nashville Chicago Charlotte 79

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. Eventually it is “widely used, overused, and possibly abused” and applied indiscriminately, he says.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Shipchain

OCTOBER 25, 2019

We’ve been busy fine-tuning our platform, nailing our pitch, bringing on new customers, demoing for clients, and speaking at and attending different freight and logistics conferences. After successful alpha and beta tests, the Gamma network has been deployed, marking the third iteration of our test network for us to begin running benchmarks.

Las Vegas 48

Las Vegas Logistics Network Optimization Software Procurement Analytics Supply Chain Planning Software 48

GlobalTranz

MARCH 24, 2015

Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Payments on leased/purchased trucks and trailers represent 11% of costs.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

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. Air Freight — Transportation of products via air transportation methods. 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

Supply Chain Game Changer

JANUARY 14, 2020

suggests that it is more likely that the business model is driving the high ROA, not Supply Chain per se. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries?

Gartner 10

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 10

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. OTIF metrics are not universal.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. At the very least, they should see a message indicating that the products are out of stock before they make the purchase. This is just good customer service.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Supply Chain Game Changer

NOVEMBER 28, 2019

Given the expectations around speed, convenience and cost, shippers and 3PLs that service them should focus on improving these delivery factors while maintaining the related logistics costs to a minimum. 94% of people making business purchases expect the same customer experience as when they make personal purchases.

Logistics Network Optimization Software 83

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 83

Logistics Viewpoints

JANUARY 3, 2022

When it comes to the movement of freight, one megatrend driving the need for better technology is the driver shortage. The ATA has a National Private Truck Council that allows for benchmarking on driver turnover. In the last benchmark, truckload carriers with more than $30 million in annual revenue averaged 90% driver turnover.

Predictive Analytics Software 289

Predictive Analytics Software Supply Chain Network Software Logistics Network Optimization Software Analytics Software 289

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52