This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Finally, rigid fulfillment networks compound the problem. Fulfillment networks are being evaluated based on responsiveness, not just throughput. Metrics must reflect the new priorities.
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.
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. Network Analytics: Understand past, present, and future market conditions.
Continuous networkoptimization recognizes that supply chains are complex organisms. Continuous networkoptimization creates an environment where supply chain planning operates at the next level. World class organizations can sustain living models of their networks and keep them tuned to small, frequent changes.
There are many working parts, network partners, and opportunities for things to go wrong that some are often overlooked. Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. Defining Transportation Optimization.
Continuous networkoptimization recognizes that supply chains are complex organisms. Continuous networkoptimization creates an environment where supply chain planning operates at the next level. World class organizations can sustain living models of their networks and keep them tuned to small, frequent changes.
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. The convergence of artificial intelligence and digital networking technologies is fundamentally reshaping our operating models.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Carrier Vetting for OTR Freight . Download the White Paper: Over the Road Freight Management Trends.
Given these disruptions, supply chain resiliency will be a critical factor in ensuring the success of your network. 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.
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. Yes, better optimizers are a blessing, but now, focus small to visualize and align on alternatives.)
Outdated transportation management methods relied on manual processes, physical phone calls, and the hope that your network partners would be available. It was difficult to see where the optimization opportunity was and what was necessary to achieve the best result. . A TMS platform can track movements and optimize routes.? .
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. Transport Fleet Optimization Fleet optimisation is one of those areas where companies leave money on the table.
High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. transportation management optimization ?to
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.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Analytics provides visibility into your transportation network and operations. Download the White Paper: Over the Road Freight Management Trends. Forecast Demand?with?Analytics.
Transportation Networks and Modal Shifts A good transportation strategy is one of the best ways to reduce emissions. Through networkoptimization. This means consolidating shipments to max out load factors, using route optimization algorithms to minimize distance travelled, and shifting to lower emission transport modes.
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.
While I like his optimism, I’ll believe it when I see it. 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. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5
This critical aspect of optimization is often overshadowed by flashier supply chain trends. By ensuring optimal stock levels where demand exists, businesses can minimize holding costs, prevent lost sales due to stockouts, and ultimately, keep customers happy. The problem lies in effectively balancing inventory across the supply chain.
A few ways companies can begin to offset their carbon footprint is to take a deeper look at product packaging, energy efficiency, alternative fuels, route optimization, and returns and recycling programs. Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions.
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.
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.
However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). Freight Consolidation. Optimization for All Employees’ Duties. Mobile Access to KPIs and Metrics.
Additionally, through network strategies, be sure to design your warehouses for flows. Agile Transportation and Distribution Networks: The use of alternate routing and mode, cross-docking, yard management and warehouse management to absorb changes in volume and the shifts in tasks. These should be evaluated together frequently.).
Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China. Very little freight is moving with prices skyrocketing and many rerouting containers to Ningbo. Yet, transportation optimization products focus on managing price, not constraints. There is a need for an overhaul.
Transportation networkoptim ization is a leading goal for supply chains around the globe. However, unpredictable environments and rising consumer demands require unprecedented efficiency and agility to react to changing network conditions with dynamic decisions. Track the Right Performance Metrics. Industry 4.0
I knew nothing about the world of logistics, inventory management and order optimization. Today, three out of four companies greater than 10B$ have a network design group that averages seven people. The work can use multiple technologies and combine cognitive learning, simulation and optimization. The year was 1985.
The high priority focus on RFPs and carrier networkoptimization will continue to impact services and shipping protocols well into 2022 and beyond. What Is Carrier Contract Optimization? The heart and soul of a successful transportation company is its ability to master carrier networkoptimization across the board.
Kinaxis is a proponent of using network planners for both supply and demand planning rather than having the planners operate in silos. In terms of finding a 4PL solution provider, Mars wanted a company that could engage in truck loading and route optimization, and schedule shipments into and out of their warehouses.
Of all the details shippers and businesses have to manage and track, transportation costs and freight audits can be the most overlooked and impactful. Optimizingfreight transport and hauling services with freight contracts can be done by taking the following steps to ensure accuracy in auditing and management. ?Unify
This is why transportation networkoptimization is important. What Is Transportation NetworkOptimization? Transportation networkoptimization is simply streamlining your network of logistics carriers, the methods for shipping, and the processes for managing the network.
To create flexible and balanced supply chain organisation, it is necessary to integrate strategy, processes, metrics, and technology enterprise wide and across customers, suppliers, and service providers. Optimize global manufacturing capacities : Carry out a structured view of Mfg capacities by each plant, self as well as outsourced.
The TMC merges technology, organization and processes to establish a set of services leveraging the scale and efficiency of consolidated network planning, procurement and unified metrics with the agility of localized execution. But these systems are seldom robust enough to take you to the next level of agility and optimization.
Factors such as on-time delivery, freight cost per unit shipped, and transit time are assigned metrics and weighted averages to help users determine how well carriers are performing overall. Take freight rates, for example. Dashboarding. This supports them to make proactive decisions to remedy problems as they occur.
We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). We were an early adopter of the E2Open technology and we experimented on building B2B networks early in 2004. What suppliers need help with cost (LEAN, labor, freight,…)?
This will continue to put pressure on international trade routes and complicate logistics thus raising the importance of visibility across the entire supply chain network and continued risk mitigation through diversification strategies. Stabilization in the freight/trucking and warehousing market is a big boon for the logistics industry.
When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer. The product would travel in reverse through the supply chain network in order to retain any use from the defective product. How to Optimize Your Return Logistics Through Integration.
Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery.
Is the current performance of your supply chain networkoptimal? How do you gauge network performance, which numbers are important to you and what do they mean? Here are five supply chain basics that every manager can analyse on an ongoing basis to keep tabs on the health of their supply chain networks.
Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. Effective transportation management strategy takes into account the availability of materials and order fulfillment requirements, ensuring that those resources are optimally utilized and warehouse capacity.
Continued economic growth, customer preferences (especially those of the millennial generation), the rise of ecommerce and the Amazon channel, increased product choices and newer product categories in the marketplace are all driving the need for efficient and effective supply chain networks to support customer demand. Plan for disruptions.
Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content