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From an industrial engineering standpoint, takt time is an expression of how much capacity you need. The whole goal of an ideal “Just-in-Time” system is that we have only the capacity required to meet the demand. If the system is even able to run faster than the takt time, we have excess capacity. Why Takt Time?
Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. As the global freight market continues to evolve, so too will the tools that drive it.
For example, route optimization algorithms help logistics companies reduce travel distances and fuel consumption by determining the most efficient paths based on real-time data, such as traffic and weather conditions.
An iGPU (integrated graphic processing unit) is a current example. We have complete visibility of the performance of the entire supply chain in one tool. As an example, if we have congested lanes, the system will automatically flag that we have a potential risk of delay based. This was meant to be an internal tool for Lenovo.
An example is that of Evergreen Line which has publicly declared its capabilities in this respect. Mediterranean shipping company’s new self-serve tool. The German line Hapag-Lloyd was first to market with an instant quoting tool called Quick Quotes. Wrapping up.
Do we have a demand forecasting tool in place and, if so, how good is that forecast? For example, we can have “Texas Small Volume” customers and “Florida Peak Season” customers, or “East Coast High Margin” customers and “Carolinas High Priority” customers. First comes the data and how well we understand it.
Consumer buying behavior has tightened capacity in all modes of transportation. In a 2021 study by Inbound Logistics, logistics technology providers said that 58% of their shippers were concerned with capacity constraints, triggering 68% of shippers worried about how they were currently optimizing their transportation resources.
As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. Mostly, this reflects the skills and actual working capacity of employees. Since employees represent one of the largest expenses, n organization may face.
Or they may have expertise in manufacturing processes and have flexible capacity to allow contract manufacturing for new product introduction. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.
Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.
In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days.
Strong Carrier Relationships : Our long-standing relationships with ocean carriers ensure that we secure priority space for your shipments, even when capacity is tight due to hurricane-related rerouting or congestion. This proactive approach helps you avoid costly delays and keep your operations running smoothly.
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. The best examples of shippers of choice provide services along several trucking routes. Focus on dock experiences for drivers. Provide driver shipping route choices.
With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job. The structural designs were far more tolerant of production variation, for example.
Warehouse capacity: The storage capacity and utilisation of existing facilities. Throughput rates: The processing capacity of distribution centres. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it.
The ocean freight sector is facing a particularly high amount of uncertainty right now thanks to ongoing container shortages, port congestion and lack of capacity. At the end of August, for example, 44 container ships were stuck outside of the ports of Los Angeles and Long Beach in California. Covering the Demand.
A fleet management system is a fundamental tool in the planning and operational control of the logistics sector. All in all , this tool helps automate fleet management, simplifying day-to-day operations and facilitating the creation of performance parameters for better decision-making by managers.
Black Friday only works as a great opportunity to offload discounted stock, for example, if the fulfilment process is super-efficient. Tools such as real-time shipment tracking can release knowledge workers from time wasted chasing information to focus on the analysis and planning required to optimise the business.
Understanding the types of forklift attachments and the vital role they play is necessary to turn a standard forklift into a multi-functional tool. Whether you’re managing a warehouse, construction site, or manufacturing facility, understanding these tools can help you choose the best equipment.
Supply chain automation refers to the tools and technologies we can use to make manual tasks automated, reducing the need for human workers. Supply chain automation tools allow you to create a more resilient, efficient, and competitive business. What are some examples of Supply Chain Automation? What is Supply Chain Automation?
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post was written in collaboration with , OpenEnvoy , a leading automated invoice reconciliation tool. Digitize Invoicing to Eliminate Errors and Guard Cash Flow.
Network Design tools that are fueled by powerful mathematical optimization in the back end, and intuitive scenario analysis capabilities at the front, empower you to create flexible plans and expose hidden risks in your network. Let’s explore some example s. . This leads to insightful and resilient thinking. .
For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. Considering higher capacity, with reduced demand, these tools have barely any impact. increase from 2020.
The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Companies may not be able to adequately ramp up capacity and lose sales. Capacity shutdown in S&OP Navigator. Understand Exposure .
When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available. A classic example of this is a heijunka or load-leveling box. They do nothing. On the Shop Floor.
An example can be seen the Los Angeles market. Capacity Declining Six months ago, I would have taken a bet with anyone that the spread between contract and spot rates would not be greater than $0.50 It will be important for shippers, carriers, and brokers to keep an eye on activity around U.S. As seen in Figure 1.2,
Growing businesses will sooner or later need more capacity in their supply chain to fulfil larger sales volumes. Using WMS to increase factors such as occupancy, throughput, and data and task accuracy can all help to increase the capacity of an existing warehouse. Some businesses find that creating a new warehouse is the best option.
Managing transportation costs is a top challenge for shippers, while another challenge that goes in hand is sourcing consistent and reliable capacity. Some believe the spot market is the way for shippers to save money and stay on top of capacity, while others think it’s contract. Here enters the contract and spot markets. Pickup date.
Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity.
Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent. Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools.
To truly help manage delivery operations end-to-end, businesses should explore tools that improve efficiency and the customer experience across the entire supply chain. Here are 9 examples of how a centralized platform approach—as opposed to a ‘targeted’ software approach — can broaden the impact of improvements and efficiencies.
These days we’ve got much better tools for the job, but the goal’s still the same: getting your deliveries to the right place, at the right time, without driving your costs through the roof or running your drivers into the ground. I guess thats why we called it route planning and not route optimisation.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing.
The sudden drop in retail store sales in conjunction with the rapid increase in e-commerce caused a shortage of direct-to-consumer fulfillment capacity and a surplus of retail store replenishment capabilities. For example, Made4Net noted the increase in direct-to-consumer fulfillment of seafood, steaks and other gourmet foods.
Real-World Example By integrating AI-driven predictive analytics, UniUni helped Shein shorten North American delivery times from 10-14 days to 4-5 days. Similarly, Bettermiles coordination tools streamline driver-recipient communication, saving both time and money.
In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Key Uses of Truckload Pricing Tools. Pinpoint Market Rates.
In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Key Uses of Truckload Pricing Tools. Pinpoint Market Rates.
In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. Key Uses of Truckload Pricing Tools. Pinpoint Market Rates.
The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. This is a great example of how machine learning can improve productivity and free up resources from time-consuming tasks. . Firefighting is the norm.
According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough. In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking.
There are different tools, goals, and market dynamics. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price. We did not have a great spot tool.”
Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility. They look to see which lanes their carriers have capacity. It all comes down to data.
Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility. They look to see which lanes their carriers have capacity. It all comes down to data.
As an analogy, DHL has established parameters that enable these technologies to be used like “a tool in a toolbox.” Brian provided me with insights into some specific warehouse automation and robotics examples. DHL has defined twelve technologies with clear benefits to the company and its customers. Autonomous Mobile Robots and AGVs.
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