Remove 2016 Remove Inventory Remove Metrics Remove Shipping
article thumbnail

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

article thumbnail

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B in 2016 and is projected to attain a Compound Annual Growth Rate (CAGR) of 14.1% Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

article thumbnail

5 Recommendations towards a Resilient S&OP

Logistics Viewpoints

In the research conducted by Supply Chain Insights , only 35% of the respondents rated their S&OP process as effective or extremely effective in 2019 compared to 65% for the same in 2016. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. S&OP can serve as a vehicle towards that.

S&OP 247
article thumbnail

Does Perfect Customer Service Make Sense?

Logistics Viewpoints

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. The company has visibility to demand and inventory.

article thumbnail

Why Do We Forget to Define Supply Chain Excellence?

Supply Chain Insights

The implementation of a common ERP system seems to often be thought of as a necessary step to be able to have visibility to the supply chain – how much product is being made/shipped and when, how much product is there on hand at any given time, when did certain transactions happen (root cause investigations), etc. Orbit Chart for Dollar Tree.

article thumbnail

50 warehouse automation stats you should know

6 River Systems

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. feet in 2016. ” 18.