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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Editor’s Choice: What Supply Chains Must Overcome to Deliver on the Consumer Promise

Logistics Viewpoints

This article is from Michael Balint at Solvoyo and looks at the fresh produce supply chain. In a Sept 2022 Deloitte article, they maintain that “perishability is still relevant but now more of a pocketbook issue. The same “If” statement was repeated for a host of financial and operational metrics.

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Supply Chain Department – A Typical Structure

SCMDOJO

This article describes a streamlined supply chain department, ultimately leading to increased productivity and profitability. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Analyze performance metrics and implement improvements to enhance efficiency.

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What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

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5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. The Supply Chain Revolution: Innovative Sourcing and Logistics for a Fiercely Competitive World Pros: This book will show you how to plan and execute sourcing strategies like the world's leading companies.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

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Efficiently Picking Your Way to Success: Best Practices for Improving Order Picking Speed and Accuracy in Warehouse Management

RFgen

Order picking is a critical process in warehouse management that involves selecting items from inventory and assembling them into customer orders. The accuracy and speed of this process have a significant impact on warehouse efficiency, customer satisfaction, and ultimately, business profitability. My Warehouse is a Mess!