May 10, 2012
Shippers often buy freight transportation on the spot market as a last resort when they have exhausted all of their route guide options or capacity is in short supply. Does that mean that these movements can’t be tracked and managed in much the same way that more regular shipments are managed? The answer is no – particularly if you are using a comprehensive transportation management system (TMS). Read More...
Tags: global logistics management global trade management information technology metrics tms technology TMS transportation savings
Categories: Business Intelligence TMS Technology Transportation Management
April 5, 2012
In our last post we looked at the cultural barriers that prevent shippers from using advanced transportation management systems (TMS) to reengineer their supply chains, and capture impressive cost savings (Developing a Managed TMS® Culture). This week we consider how you can become a more effective user of high-power TMS technology.
First, let’s take a step back to appreciate what you already have under the hood. Implementing a TMS solution such as Managed TMS® is not a trivial exercise (for more on this see Capturing the Hidden Value of TMS Solutions). And one of the big payoffs is that this carefully planned process equips your organization to perform sophisticated network analyses. Read More...
Tags: global logistics management inbound transportation MIT metrics
Categories: Business Intelligence Performance Management Research Sustainability TMS Technology
December 1, 2011
There are many ways to check the pulse of a transportation network. One of these vital signs is depth of tender, which, with the right analytics, can reveal much about the wellbeing of your network.
Some leading transportation management systems (TMS) support the routing guide on several levels. Take, for example a situation where for some reason your primary providers are unable to accept a load. A TMS-based spot bid tool will send out a notification to a preset carrier base that the business is available, and that you are requesting rates for the load. Another example is the need to locate capacity for a short-lead shipment. The usual approach to finding a provider by cascading the tender through the carriers in your routing guide is often too limiting in these situations. The TMS helps you to secure capacity quickly by alerting all carriers that an urgent shipment is up for grabs. Read More...
Tags: business intelligence metrics rate negotiation transportation savings
Categories: Business Intelligence Carrier Management Performance Management Procurement Savings
June 24, 2010
What is the difference between a baseline and a benchmark? The answer might seem obvious, but the distinction can get blurred or even lost in the frenetic pursuit of profit and loss goals. When this happens, the consequences go way beyond mere word play. Misconstruing these terms confuses the targeting and measurement of key performance indicators and that leads to poor decisions, sub-par networks, and ultimately disappointing P&L statements. Read More...
Tags: baseline benchmark metrics operational excellence
Categories: Performance Management Transportation Management