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Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
Erika Voss and Joe Lynch discuss taking the uncertainty and risk out of freight. Erika is Vice President of Information Security at DAT Freight & Analytics, the largest truckload freight marketplace in North America. Erika holds a Ph.D.
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. Source capacity with precision using supply and demand metrics and forecasts.
In early 2020, the market forecast for freight looked bright. The post What Are the Most Important 2020 FreightMetrics to Know? The post What Are the Most Important 2020 FreightMetrics to Know? The turmoil of the U.S.-China Then, coronavirus happened to spread, and now, it will impact global supply chains.
Similarly, shifting freight from road to rail or waterways offers lower-emission alternatives for long-haul transport. Metrics like carbon emissions, waste diversion rates, worker safety incidents, and supplier compliance scores provide clear indicators of success and help build trust with stakeholders.
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.
Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.
Organizations that have made these shifts are better able to keep delivery schedules, avoid emergency freight costs, and protect margin when external conditions change. Metrics must reflect the new priorities. These adjustments are not theoretical. Theyre operational decisions grounded in recent experience.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight.
The past two years of volatility have many logistics leaders evolving from an annual Request for Proposal or freight (RFP) event to quarterly or more frequently to accommodate the changing supply chain landscape. 10 Freight RFP Components for Success. Company background. Introduce your company and your unique shipping needs.
The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. As a leader, you need many tools to eliminate this mindset.
More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic. Next Steps.
Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? ” Supply Chain Leader.
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.
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.
IT hardware is non-standard freight, meaning it is difficult to move due to its size and sensitivity. They achieved significant carbon reductions in their cloud supply chain by creating a model that looked at the forward positioning of inventory, freight consolidation opportunities, and where to build the distribution centers.
Achieving end-to-end supply chain visibility has always been (and remains) a top priority for companies, but over the past few years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. How does freight visibility impact OTIF? What’s driving this demand? What’s driving this demand?
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. This is why it’s important to map out your entire freight operation. What is Supply Chain Efficiency?
Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . Big data drives everything,” Michael says.
In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Opportunities to leverage network size to enable freight consolidation. Reduced risk for damage to the freight.
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.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The ride is uphill, but the visibility is low. What is normalcy? Tougher than most understand.
That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. It's the view from outside that allows 3PLs to orchestrate all aspects of freight management from within the network through transportation optimization.
Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark.
When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 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.
Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.
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.
To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.
DB Schenker Singapore has also cemented the position as a key pillar in Singapore’s logistics ecosystem, being the number one air exporter (for freight forwarding) and attaining market leadership in ocean freight as well. The contributions of DB Schenker Singapore toward Singapore’s status as a global trade hub have not gone unnoticed.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Download the White Paper: Over the Road Freight Management Trends. Identify and Apply Freight Consolidation Opportunities. Track Carrier Performance Data. a shipment?doesn’t
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. And now on to this week’s logistics news.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. to less and 0.5%.
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. Finally, the top 10 list was rounded out safety and metrics. These will only contain posts written in 2014. Read Full Post.
temperature, shock, and humidity) are available through the GLN for over-the-road transportation via Descartes MacroPoint and global air freight via Descartes BLE for high-value shipments for major airlines and ground handling agents at 450 airports worldwide. Real-time location and IoT data such as condition statuses (e.g.,
The traditional metrics of excellence cost efficiency, on-time delivery while still important, are no longer sufficient in an era defined by volatility, complexity and political changes. Supply chain and logistics teams today face a pivotal moment in their evolution.
Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. We hope you enjoy “The Freight Project Podcast.” We hope you enjoy! Download eBook.
Running procurement and supply chain without metrics is like driving blindfolded. Decoding the Metrics: What Are They Telling You? This metric is used to measure the efficiency and reliability of carriers in meeting their pickup commitments. Why You Need Visibility of Supply Chain and Procurement KPIs? Supplier lateness?
Lackluster insight into freight spend and poor freight management controls. Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs). How Surface Mode Shippers Can Compete in E-Commerce Logistics.
Jonathon is not only a strategist but also a dynamic facilitator, conducting nationwide workshops on employee engagement, customer loyalty, leadership development, and growth metrics. These workshops provide practical insights for organizational success. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.
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