The One Must-Have Metric for Warehouse Operations

CHAINalytics

Fortunately, there is one metric that we’ve found is the perfect introduction to data-driven improvements. It’s pretty simple: If you want to improve your warehouse operations and increase efficiency, you need to know where you’re starting from.

How Do You Turn Supply Chain Data Into Actionable Information?

Logility

Factors such as on-time delivery, freight cost per unit shipped, and transit time are assigned metrics and weighted averages to help users determine how well carriers are performing overall.

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Lessons for Business Leaders in 2021

Proxima

Proxima recently hosted a virtual speaking event, “INSIDE THE ‘AMAZON’ WAY: LESSONS FOR BUSINESS LEADERS IN 2021” and welcomed John Rossman, Founder of Rossman Partners and former executive at Amazon, part of the group who launched and scaled the Amazon Marketplace.

What’s Driving ERP Adoption From The Shop Floor To The Top Floor

IQMS

Real-Time Production and RealTime Manufacturing Process Monitoring using a combination of Programmable Logic Controllers, sensors, and IoT-based sensing devices are all part of a manufacturer’s competitive reality in 2021.

Making Supply Chains Fit for Function

Enterra Insights

” Cecere writes, “Align the functional metrics to reliability and drive cross-functional collaboration on a few and meaningful metrics (growth, market share, margin, inventory turns, ROIC, and on time and in full shipments).” With so much being written and discussed about supply chain transformation, it’s good to remind ourselves what supply chain management is fundamentally about.

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10 COVID-19 Lessons for a Resilient Supply Chain

DynaSys

In 2021, COVID-19 and Resilient Supply Chain will not be incompatible. As of this writing, as we enter 2021, between Pfizer and Moderna products more than 4.2 Your Finance department is minding this metric in particular.

Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

Supply Chain Game Changer

For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric? Subscribe Here! Email Address.

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What Customer Success is and How to Implement It

Solvoyo

Research and define which metrics can help your business measure customer satisfaction and success rate. The turnover rate, also known as the Churn Rate, is a metric that allows the identification between new trades and cancellations. Increasing churn, decreasing average ticket?

Supply Chain Scams and Fraud!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 3 Most Common Freight Forwarding Scams (and How to Avoid Them)! Infographic). GET our EBOOK HERE.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

This list should include the business metrics that each procurement project impacts. Although most Procurement teams report supply chain metrics on cost savings, less than 20% measure and report on their contributions to driving revenue.

Supply Chain Management in the New Normal: Predictions for 2021 and Beyond

OneSCM

As we move into 2021, we want to take a look at what has changed, what is likely to remain the same, and, dare we say, what opportunities the “new normal” has created. Smarter metrics for more complete visibility.

Actionable Insights: Inventory Expired and Expiring

QAD

QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. Which KPIs and metrics are most important to your organization? In our previous Actionable Insights blog , we discussed the Revenue by Entity Action Center.

Days Inventory Outstanding: Definition, Formula, Calculation

EMERGE App

Going by the rule of thumb, the automatic interpretation of this metric is that Company A is doing much better than Company B. One of the crucial elements of running any business is how effectively one can monitor its inventory.

How to Calculate Inventory Turnover

Unleashed

Let’s take a closer look at this important metric. Inventory turnover is a metric you can use to calculate how quickly your business completely sells through and replaces the goods in its inventory, within a set time period.

The need to know

EFT

Deutsche Post said on Tuesday it expects operating profits to rise in 2021 and 2022 after a jump by 56% in the fourth quarter as the coronavirus pandemic prompted a surge in ecommerce and parcel shipments. Britain's Hut Group sees stronger 2021 after beauty products lifts Q4.

Food Trends That Could Have an Impact in 2021

Zipline Logistics

Since much of the previous year in business and elsewhere was defined by a global pandemic, we are left asking what will 2021 look like for food and beverage shippers. Here are some things to look out for in 2021.

How to prepare for a transparent supply chain in 2021

SupplyShift

In this post, we’ll go over the most important things you can do this year to set your supply chain transparency efforts up for success in 2021. 2021 Supply Chain Transparency Checklist. Start having conversations about your collaborations for 2021 now.

Wrapping up 2020: 5 key trends in the supply chain

Pivot88

This is why data quality management is so important: A combination of the right people, processes and technologies, all with the common goal of improving the quality of your data and determining the data metrics that matter most to your company.

Upcoming Changes to Walmart On Time in Full (OTIF) Program: What You Need to Know

CH Robinson Transportfolio

Suppliers will be held to the current compliance metrics through September 14, 2020, and new metrics and financial penalties for non-compliance begin on September 15, 2020. In this ever-changing marketplace, consumer and retailer demands are constantly evolving.

Peak Freight Preparedness: Creating New Value Through Performance Management

Intelligent Audit

According to JOC.com , “As the peak pre-holiday shipping season looms over US shippers, businesses are scrambling to secure needed capacity while trying to determine transportation budgets for 2021. Disruption is the new normal in supply chain management.

Top 10 Manufacturing Trends For 2019

IQMS

With the advanced analytics spending predicted to grow from $136B in 2016 to $232B in 2021 , attaining an 11.3% Many manufacturing supply chains will evolve into intelligent networks with real-time track-and-trace, legacy systems integration and greater delivery accuracy and quality metrics than ever before. Due to all of these factors advanced robotics spending is predicted to grow from $92B in 2016 to $225B in 2021, attaining a 19.7%

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

For example, the US Environmental Protection Agency (EPA) is phasing in fuel efficiency standards starting with trailers in 2018, truck standards in 2021, which are estimated to provide 2-4 year payback periods. In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency.

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Bonus season is fast approaching; here’s what the C-suite needs to know:

Proxima

In a recent article, The Financial Times identified changes to bonus plans as adding non-financial metrics to bonus qualifications and excluding months of poor profits increased during the worst of the pandemic.

Walmart OTIF Requirements for Suppliers Increases to 98 Percent

Zipline Logistics

All deliveries in every product category will be expected to hit the 98% on-time and in-full metric or face a fine of 3% of the cost of goods sold. . The program launched in September, but Walmart will not start assessing non-compliance fines until February of 2021. .

Will Consumer Goods Be Stronger from the Pandemic?

Supply Chain Game Changer

No FMCG manufacturer can offer everything to all retailers, but with a dynamic strategy you can offer different resources to each retail client so they have better metrics to manage cost and efficiency. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Get Our EBOOK HERE.

Technology and the Supply Chain: What Does the Future Hold?

Kinaxis

WEF says by 2021, the automated workforce will reach its tipping point into mainstream and become the norm. They say future analytics tools will “help make decisions and seize opportunities” and data-driven organization will be able to access “real-time analytics depicting valuable metrics…” So essentially businesses will have the ability to know sooner and act faster when it comes to critical supply chain decisions. by Alexa Cheater Meet the Jetsons!

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. “ Tractica forecasts that worldwide warehousing and logistics robot unit shipments will increase from 40,000 in 2016 to 620,000 units annually by 2021.

Podcast: Marcia Williams on Supply Chain Optimization and Digital Transformation

Requis

And, no surprises here, I attach metrics so I can measure the baseline. I write a lot about metrics, and change management and the soft aspects that you need to consider, and I provide tools and recommendations that I think will be helpful.

Data is Essential for CPG Success

Enterra Insights

Overall, stats show that 85% of customer interaction will be handled without human agents by 2021. Many companies … are demonstrating improved operating metrics, such as those related to efficiency, inventory management, and supply chain agility, and are differentiating and improving their customer experience.”

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Three Mega Trends Driving Supply Chain Transformations

TMC

In fact, according to Statistica’s research, ecommerce sales are expected to increase 246% by 2021, to $4.5 Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions.

Three Mega Trends Driving Supply Chain Transformations

TMC

In fact, according to Statistica’s research, ecommerce sales are expected to increase 246% by 2021, to $4.5 Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

However, growth is expected to normalise from 2021 onwards.

E-commerce and the Digital Path to Purchase

Enterra Insights

million by 2021, making the U.S. By every big-picture metric, social media and ecommerce should be a match made in heaven. Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. Historically, when consumers needed something, they made their way to a bazaar, a marketplace, or a shopping center.

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

Performance Analysis Software provides accurate metrics at the machine, operations line, plant floor, and factory levels for specific situational or historical analysis. According to IDC , by 2021, 20% of leading manufacturers will rely on embedded intelligence, using AI and IoT to automate processes and boost execution times by up to 25%. What is Manufacturing Operations Management?

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

Performance Analysis Software provides accurate metrics at the machine, operations line, plant floor, and factory levels for specific situational or historical analysis. According to IDC , by 2021, 20% of leading manufacturers will rely on embedded intelligence, using AI and IoT to automate processes and boost execution times by up to 25%. What is Manufacturing Operations Management?