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KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. Here are some KPIs to assist you to get back on track to build an agile, adaptive, and resilient supply chain into the future: Inbound KPIs.

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The Weekly Freight Report for February 11th, 2021

FLS Transport

Of course, there’s a massive need for more capacity right now and that’s largely what’s driving the purchases. More trucks is definitely a step in the right direction. Near-record volumes continue to bury the ports with inbound containers. Class 8 orders clear 40,000 in January. Get the details here.

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What is a routing guide and what are best practices to create one

FreightWaves SONAR

Of course, that is all subjective and again dependent on market stability within individual locations in origin/destination pairings. What is a routing guide : a set of rules and requirements from shippers that set rules for inbound and outbound shipping. That may include both short-term and annual freight contracts.

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Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

As a rough rule of thumb, your safety stock levels should take into account the difference between average and maximum daily sales of a product, and between the average and maximum lead times for inbound delivery of that product. The formula looks like this: Maximum lead time x maximum daily sales – average lead time x average daily sales.

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What Is Free or Freight on Board (FOB), and Why Should Shippers Understand This Term?

GlobalTranz

In the course of international trade, compliance with international trade laws and cultural differences can lead to confusion when interpreting contractual terms and obligations. Although its original definition was used exclusively for seafaring transport, modern use of the term can be applied to all shipment modes of transit.

Freight 82
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What is Reverse Logistics?

GlobalTranz

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. The process runs continuously behind the scenes to eliminate added inbound freight at the brick-and-mortar location. Of course, customers may opt to complete a return in-person.

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The 5 Steps Towards Digital Supply Chain Management

GlobalTranz

In its definition, a real or true digital supply chain management goes beyond the conventional hybrid system and makes use of connectivity, system integration and the information-producing capabilities of its key components. In the course of operation, the business is exposed at multiple points across its stages of supply chain.