Talking Logistics

JUNE 30, 2015

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Logistics Viewpoints

JULY 19, 2023

In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies. Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions.

Sustainability 210

Sustainability Optimal Sourcing Logistics Material Savings 210

Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

Global 111

Global Scenario Planning Metrics Benchmarking 111

Intelligent Audit

NOVEMBER 3, 2021

The implications of reduced cost in just this one area of processing and freight payment management can have a significant impact on profits. But freight payment remains a very complex and often error-prone process. What Are Freight Payment Services. Freight payment service may also be known as freight audit and payment.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Vendor Strategies Expense Reduction 52

Intelligent Audit

MAY 2, 2022

As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher. One of the essential features of freight analytics is how it impacts forecasting services. They are forecast to grow 2.5% to 3% throughout the year.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

GlobalTranz

JULY 5, 2016

We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Our first post covered the Top 5 Freight Management blogs of 2016. It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Logistics Supply Chain Design Software Modeling Software 132

GlobalTranz

MARCH 30, 2018

Implementing new technology is a complicated process, but it can be simplified as follows: Integrate systems that control both inbound and outbound freight. The most sophisticated of existing systems kneel in comparison to some of the modern, SaaS-based, platforms. Focus on visibility.

Analytics Software 172

Analytics Software Supply Chain Design Software Optimization Software Demand Planning Software 172

Intelligent Audit

MAY 6, 2021

Of course, that’s possible only if a company can visualize the full movement of freight and know when it makes sense, financially and strategically, to take those steps. Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Download the White Paper.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Talking Logistics

AUGUST 28, 2018

They multiplied three commonly-used metrics for measuring truckload performance to identify the Leaders: First tender acceptance (FTA). Next, researchers looked at freight attributes of shippers. Laggards tend to use low-performing suppliers, and many of them use asset carriers across all freight attribute types.

Research 107

Research Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 107

Freightos

JUNE 9, 2018

JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS. Get Air Freight Standardized. Get Air Freight Dynamic. Get Air Freight Connected. Get Air Freight Customer Facing. To date, the industry has a poor track record of creating usable standards. That can’t last.

Cargo 120

Cargo Negotiating Skills Demand Planning Software Supply Chain Software 120

ShipBob

JANUARY 6, 2023

You’ll also get a quick comparison of the top providers to make your search easier. Report on important performance metrics. Transportation management systems also enable you to automate your freight tendering process. You can use it to quickly generate bills of landing, conduct freight auditing, and create invoices.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Intelligent Audit

OCTOBER 26, 2021

Additionally, the normalization of data ensures actual, meaningful comparisons between reporting across platforms relying on different standards for coding and reporting of all shipping surcharges and associated expenses. Leading KPIs to Track Performance Across All Modes, Channels, and Providers.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. The methods of evaluating metrics or developing KPIs vary significantly from company to company. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Talking Logistics

FEBRUARY 18, 2015

If you think about it in terms of Total Cost Management/Spend Management, when you start to talk about things like contract negotiation, having better insight into your spend, and understanding the metrics around it, all of which obviously provides valuable insights and helps you with those negotiations. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Intelligent Audit

NOVEMBER 5, 2021

Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Within the United States, freight transportation price increases get reported 30 days prior to going into effect. Track Cross-Industry Metrics.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Raw Materials, Buyers, Planners, Product Data Management, Commodity Managers, Freight and Logistics, Distributors, Suppliers, Systems (eg. Promoting Supply Chain Value.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

DAT Solutions

NOVEMBER 27, 2017

A net profit of $62 per load is the highest result achieved by mid-sized freight brokers for at least two years. The graph below reveals that October was a record month for brokers' financial performance per load, among other metrics. In October 2016, by comparison, the average profit per load was only $21.71.

Freight 70

Freight Benchmarking Comparison Groups 70

GlobalTranz

APRIL 10, 2017

Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs. Through modern technology, the inbound logistics strategy can be executed easier than believed, and real-time order tracking and metrics prevent overbilling and overpayment. Freight Consolidation Enables Better Rates Through Volume Discounts.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

GlobalTranz

JULY 14, 2017

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. The best-laid plans and metrics to track LTL shipping are only effective when a high on-time performance score exists. Freight Damage.

Data 151

Data Negotiating Skills Vendor Strategies Resource Reduction 151

Zipline Logistics

SEPTEMBER 29, 2020

The past three quarters have been anything but typical for the freight market and the domestic economy at-large. The arrival of COVID-19 sent freight volumes skyrocketing to keep up with panic buying at retailers nationwide. Following the short downturn , the freight market began a rapid recovery that has yet to cool off fully.

Freight 52

Freight Manufacturing Procurement Logistics Network Optimization Software Los Angeles 52

AFFLINK

JUNE 14, 2016

Even more challenging is establishing goals and metrics for this ever-moving target. Once you know your energy usage rates, you can start making comparisons, and find ways that you’re losing money or energy. Less-than-truckload ( LTL ) freight classification is a shipment based on the density of the products shipped.

Waste Reduction 48

Waste Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 48

ThroughPut

FEBRUARY 23, 2024

Your sourcing department can save valuable time because AI tools analyze suppliers with the aid of relevant data points and metrics and match them with the contract opportunities available. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you. All of this at the best price.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver workforces. Business Priorities and Innovative Thinking.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

GlobalTranz

MARCH 24, 2015

Although it is certainly important for carriers and shippers to review industry averages in comparison with their own costs and profits, many may use these averages – or benchmarks – without proper conjunctive analysis and without fully understanding their costs and profits. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver work-forces. Business Priorities and Innovative Thinking.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Parade

JULY 15, 2019

It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight).

Industrial 106

Industrial Industry Logistics Network Optimization Software Tools 106

Parade

JULY 15, 2019

It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight).

Industrial 97

Industrial Industry Logistics Network Optimization Software Tools 97

Parade

JULY 15, 2019

It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years. A typical carrier sales rep’s metrics are: 60 outbound calls per day and 10 loads booked each day (spot freight).

Industrial 60

Industrial Industry Logistics Network Optimization Software Comparison 60

Intelligent Audit

SEPTEMBER 30, 2021

In modern freight transportation services, GRI stands for General Rate Increase. As a shipper, it’s impossible to avoid rate increases at times, and while freight invoice audits help to catch errors, not knowing the facts behind GRIs will only open the doors to risk. FedEx Freight shipping rates will increase by an average of 4.9%

Shipping 52

Shipping Expense Reduction Cost Reduction Strategies Resource Reduction 52

Unleashed

SEPTEMBER 30, 2020

By comparison, the US market is worth almost 10 times more yet only has a 2.7% In a global comparison, the UK has 3 breweries for every 100,000 people, Australia 2 per capita and the United States 1.96. You can also use these metrics to benchmark against similar taprooms in your neighbourhood. profit margin. profit margin.

Price Reduction 104

Price Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 104