Unmanned Package Delivery Market: The Future of Transportation & Logistics

| July 8, 2019

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Of late, the global market for unmanned package delivery has been registering a significant upsurge in its valuation and size. The increasing trend of automation has been the key factor behind the growth of this market. With the advancements in technology and rising uptake of drones, this market is likely to remain reporting high growth in the near future.

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Tippmann Group / Interstate Warehousing / Tippmann Construction

Tippmann Group offers more than 50 years of experience in the refrigeration industry, specializing in cold storage construction and management of refrigerated / frozen distribution centers. Interstate Warehousing, a Tippmann Group company, owns and operates 8 public refrigerated warehouse facilities located throughout the U.S. in Indianapolis, Franklin (IN), Cincinnati, Chicago, Nashville, Denver, and Newport News (VA).

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3 Ways to Benchmark to Boost Supply Chain Performance

Article | April 20, 2021

You might be wondering what the benefits are of benchmarking. Well, imagine you are training for a 100 metre sprint in your district. What would be the key number, or metric that you would need to know? It would, of course, be what the winning time was when this race was last run in your district. Without that information, you don’t know what you’re trying to target. It would be impossible to know if you’ll have any chance at all of winning the race. It’s exactly the same in business. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry. A few years ago, I was working with an automotive parts business. They had a little issue with their picking productivity in the warehouse. They wondered how good it was, whether they could improve it. They actually thought it was okay. We looked at the figures and compared them with other businesses. This helped us realise that their picking productivity should be three times better than it was. And believe it or not, over a few months they did begin to improve their productivity. Why? Because benchmarking opened their eyes to the fact that they were at a level quite far below others in the industry. That’s the beauty of benchmarking. Until you know what others are doing, you can’t be sure how good your performance is. If you’ve never tried benchmarking, there are three ways you could do it. 1. Informal Benchmarking This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business. Let’s say you have a warehouse operating in one city and another operating in another city. You might start to measure the same metrics and see which one is performing better. You might know other people in the industry who are also operating warehouses so you might agree to share some data with them. This is probably the easiest way to start off, but it has some downsides: You’re only measuring against a very small sample size. If all of you in the pool are not that good, how would you know what good is? You have to make sure that the businesses are similar and you are measuring things in exactly the same way. It’s very important in benchmarking to have a standard way of applying the metric. 2. Formal Benchmarking This can work for much larger businesses. Perhaps you have operations in many different countries. You could agree a formal structure for how you are going to measure performance. You could do monthly or quarterly benchmarks with all the parts of your international organisation. You could learn from each other and share best practice. This method is okay but you’re not getting access to a very large pool of results to measure yourself against. You will find that companies are very reluctant to give out benchmarking data. You might also be operating in an environment where the performance is quite low right across the business. 3. Hire a Professional Benchmarking Firm This is the ultimate way to do it, although there are not a lot of professional benchmarking firms such as ours around. If you do manage to find one, you will quickly realise that there are significant benefits to be had by bringing in the professionals: The metrics are put together in exactly the same way: When we do a benchmarking exercise for our consulting clients, we go through a very robust data-gathering process and then make sure all the costs, for example, are in the same buckets as everyone else’s in the database. You gain access to a big pool of results: Professionals have measured hundreds, if not thousands, of companies. This enables you to say, ‘Our company is this size, it operates in this industry, these are the characteristics of our supply chain, who else in that pool of results is like us? We want to be measured against them.” It’s no good measuring the performance of a grocery retailer, for example, against an industrial product supplier. They have different supply chains. You need to be measuring like with like.

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Shipping Barcodes: What They Are & How 3PLs Use Various Barcodes

Article | February 17, 2020

Barcodes are important for any business selling physical goods. They are used in brick-and-mortar stores as part of the purchase and returns process, in warehouses to track inventory and packages, by shipping carriers to locate and track shipments, and sometimes on invoices to assist with accounting. Without barcodes, modern shipping and logistics processes would be more inefficient and much more error-prone. Third-party logistics companies rely on barcodes to efficiently run their warehouses so they can better serve the companies for whom they perform fulfillment services.

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Supply Chain Sustainability: If a leopard can’t change its spots, can supply chains ever be sustainable?

Article | March 9, 2020

They say a leopard can’t change its spots but if they could, how would they change them? What color would the spots be? Would they even want to change them at all? While these are purely hypothetical questions, the phrase “a leopard can never change its spots” has got me thinking how this also applies to world of supply chains. However, let’s start by addressing what supply chains have in common with leopards. While the shape, size and how many spots a leopard has varies from leopard to leopard, all leopards have spots. The same applies to the supply chain.

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Tracking Fixed Assets Across the Modern Supply Chain

Article | February 13, 2020

Fixed assets, comprised of high value, long-term use inventory, can cost $260,000 per hour in unplanned production downtime if mismanaged. Common enterprise asset management challenges include inaccurate data, lack of visibility, timeliness, costly downtime and inability to scale. Modern asset tracking software can drive operational efficiency and oversight, even across dispersed geographies.

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Spotlight

Tippmann Group / Interstate Warehousing / Tippmann Construction

Tippmann Group offers more than 50 years of experience in the refrigeration industry, specializing in cold storage construction and management of refrigerated / frozen distribution centers. Interstate Warehousing, a Tippmann Group company, owns and operates 8 public refrigerated warehouse facilities located throughout the U.S. in Indianapolis, Franklin (IN), Cincinnati, Chicago, Nashville, Denver, and Newport News (VA).

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