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Performance Management

April 5, 2012

Analytics in Action

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...

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Categories: Business Intelligence Performance Management Research Sustainability TMS Technology
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March 29, 2012

Developing a Managed TMS® Culture

Transportation management systems (TMS) technology has advanced rapidly over recent years, but can the same be said for TMS users?

Some logistics teams are using the powerful analytics that come with leading edge systems such as TMC's Managed TMS® to find new ways to improve network efficiency. Others still struggle to break free of traditional approaches to managing transportation and utilizing TMS technology. Read More...

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Categories: Market Trends Performance Management TMS Technology Transportation Management
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March 8, 2012

Misreading the Market

Last week we looked at some of the flaws in performance benchmarks that transportation professionals need to watch out for when applying these important management tools. In this week’s post we explore how benchmarks can lead to misunderstandings about the performance of freight networks and, ultimately, to wrong management decisions.

As an indicator of how your network stacks up against those of your competitors, benchmarks play a key role in setting performance expectations. This is fine as long as the data is sound and interpreted correctly. Unfortunately, this is not always the case and can be a flaw leading to undesired outcomes. Read More...

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Categories: Business Intelligence Market Trends Performance Management Research
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March 1, 2012

Benchmarking the Benchmarks

It is one of the most widely used freight network management tools, yet benchmarking is often misinterpreted and/or misapplied.

Understanding the application of benchmarking can help managers to avoid these pitfalls, and evaluate the performance of their supply chains more effectively.

In this post we take a look at some of the issues managers need to be aware of when assessing and using benchmarking tools. Next week we’ll delve more deeply into how these analyses can be misconstrued. Read More...

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Categories: Business Intelligence Market Trends Performance Management Risk Management TMS Technology Transportation Management
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February 2, 2012

Carrier Friendly Policies – A Savings Boost?

Can you save money by making it easier for carriers to do business with you? It’s not a new topic, but as a community, have we reached a definitive answer?

It may not be the most politically correct analogy, but I once had a customer describe this philosophy as “the beauty pageant of freight.”  From his perspective, the more attractive his freight was to the carrier community, the more apt he was to gain capacity at a fair price, and thus achieve his financial objectives. Read More...

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Categories: Market Trends Performance Management Research Savings TMS Technology
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