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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

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Inventory Management Solutions & Strategies [Ultimate Guide]

Unleashed

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions? Here are some examples to consider for your business.

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The State of the Trucking Market in 2021

GlobalTranz

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL. transportation metrics ?that are liable?network

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. In a way, this model is a win-win as it saves return logistics costs for retail businesses.

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The Backorder: May 15, 2024

Unleashed

UK & US manufacturing sectors shrink as costs rise, new orders fall. Unstable market conditions, client destocking, and the Red Sea crisis – in combination with the rise of average purchasing costs – are responsible for the recent drop in manufacturing PMI , according to data provider S&P Global. Forecast demand.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.