The Network Effect

MAY 15, 2015

At higher levels in an organization these workbench analytics can aggregate to show performance measurement based on annual goals, market outcomes, customer service levels, revenue performance, price performance, cost targets, etc., The post What role should logistics providers play in supply chain performance and benchmarking?

Supply Chain Performance 100

Supply Chain Performance Supply Chain Design Software Benchmarking Logistics Network Optimization Software 100

Logility

MARCH 12, 2021

Descriptive, predictive and prescriptive analytics should be combined to optimize your demand planning processes. To really exploit your new data to gain an advantage, you need a clear analytical plan, specific metrics tailored to your situation, and an understanding of what analytics and reporting will help you the best.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Logility

NOVEMBER 30, 2020

There is a growing awareness within senior executives that transforming supply chain capabilities to take advantage of the emerging areas of “Big Data,” “Artificial Intelligence,” “Advanced Analytics” and “Cloud Computing” provides a competitive advantage and reduces risk due to disruptions.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Logistics Viewpoints

SEPTEMBER 4, 2023

A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Further, the Emerge solution goes beyond just helping with RFP management to providing rate analytics. The solution can be used to benchmark whether Simmons is paying below, above, or at market for their moves on a particular lane.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Helping Supply Chain Leaders Elevate Their Role Through Financial Measurements, Data, and Analytics. Focus on the Metrics. Customers drive the market. Delivery tracking and real-time updates.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

Supply Chain Insights

JULY 23, 2017

Benchmarking. The first step to building a guiding a coalition is benchmarking. We are offering three types of benchmarking: planning, financial and organizational. Use our Metrics That Matter methodology to look at improvement and performance. The seven on-line classes are: Supply Chain Metrics That Matter.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Logistics Viewpoints

APRIL 21, 2023

But I believe that more efficient packaging is the area with the greatest potential to improve sustainability metrics within the warehouse. My typical response is that more efficient operations are typically more sustainable operations.

Logistics Network Optimization Software 207

Logistics Network Optimization Software Logistics Kenya Supply Chain Planning Software 207

Supply Chain View from the Field

JUNE 10, 2014

Many organizations are focused on driving analytics as a foundation for competitive advantage. Often overlooked in this discussion is the importance of establishing a foundation for analytics through the process of data readiness and data cleansing. It can be envisioned as the data version of the Technology Readiness Level (TRL).

Analytics Software 89

Analytics Software Procurement Analytics Supply Chain Software Analytics 89

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. They are all essential parts of Kroger’s analytics capabilities and, if leveraged correctly, can provide crucial insights to improve business operations.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Taulia

DECEMBER 17, 2021

As such, AP should be treated in the same way as any other department, with a continuing focus on looking at benchmarks to identify opportunities for improvement, and optimizing processes with greater efficiency and automation. Why should you track accounts payable metrics? 10 accounts payable KPIs to track. Average cost per invoice.

Metrics 98

Metrics Optimal Sourcing Optimization Software Analytics Software 98

Locus

SEPTEMBER 19, 2023

One key factor for this is consumer expectations continue to reach higher benchmarks. On the flip side, it is a leader in its extensive use of Data Analytics to spot hidden inefficiencies and capture new growth opportunities. According to Statista, 68% of online shoppers expect free shipping/delivery and 37% expect next-day delivery.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Precoro

DECEMBER 11, 2023

Benchmarks, analysis, and improvements. The sourcing team, in cooperation with procurement specialists and management, establishes performance metrics (KPIs, key performance metrics) and monitors sourcing success. The metrics also serve as guidelines for evaluating potential partners to purchase from.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy. 2% reduction in transportation costs (percent of sales).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? And you can lean on predictive analytics to forecast future rates across the board. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? And you can lean on predictive analytics to forecast future rates across the board. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? And you can lean on predictive analytics to forecast future rates across the board. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Supply Chain Shaman

MAY 19, 2016

We believe that supply chain excellence is driving improvement while averaging a higher level of performance in the Supply Chain Metrics That Matter. Understanding the methodologies is key to enable benchmarking. Experience the difference between traditional inside-out and outside-in processes through the use of new forms of analytics.

Gartner 158

Gartner Pharmaceutical Predictive Analytics Modeling Software 158

Logility

APRIL 3, 2018

There is a growing awareness within senior executives that transforming supply chain planning capabilities to take advantage of the emerging areas of “Big Data,” “Artificial Intelligence,” “Advanced Analytics,” and “Cloud Computing” is a competitive imperative. Additional Reading.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100

Talking Logistics

NOVEMBER 10, 2016

Powerful Analytics and Peer-based Benchmarking – The ability to aggregate data and uncover insights is drastically simplified in the multi-tenant deployment model.

Supply Chain Software 154

Supply Chain Software Supply Chain Network Software Optimization Software Analytics Software 154

Supply Chain Insights

MAY 17, 2016

This is especially true in the areas of big data analytics, supply chain planning, and staffing centers of excellence. Online Benchmarking. Supply Chain Metrics That Matter. One in three companies have open jobs that are taking nine to twelve months to fill. Talent is scarce and a new constraint. Making the Digital Pivot.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Price Mitigation Strategies 191

Supply Chain Shaman

MAY 17, 2015

Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. When I heard a comment by a supply chain leader in a qualitative interview last week participating in the Supply Chain Insights supply chain planning benchmarking work, I winced.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

Supply Chain Shaman

JUNE 9, 2016

With the evolution of big data analytics, these Supply Chain Operating Network architectures are evolving: prescriptive and cognitive analytics enhanced by more advanced visualization and benchmarking. Experience the difference between traditional inside-out and new outside-in processes through the use of new forms of analytics.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. 2) Advanced Analytics. Most of the analytics today in B2b networks are descriptive and operate with latency of days and hours. Let’s first examine the opportunity to deepenen analytics. . Figure 2: Evolution of Analytics.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Unleashed

FEBRUARY 1, 2023

The demand planning process can be extremely complex as it requires the analysis of numerous factors, including historic and current datasets and internal analytics. Demand planning must include a determination and recording of key metrics to track throughout the year. It’s the key reason for demand planning.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Supply Chain Shaman

JULY 21, 2015

In the recent research that we have just completed on supply chain planning benchmarking, we surveyed 430 planners. The companies that rated the highest were the larger in size, and more mature on the use of analytics. And, let us know if there is interest to participate in our benchmarking efforts in 2015.

Supply Chain Planning Software 150

Supply Chain Planning Software Demand Planning Software Supply Chain Software Analytics Software 150

GlobalTranz

JUNE 15, 2017

In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items. IT and technology literacy. A Management information system is usually in place in every organizations or firm.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU? Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Intelligent Audit

JANUARY 28, 2021

Here are some key areas that transportation leaders can benefit from monitoring: On-time delivery measurements— The number one metric to track and record is how many orders overall are delivered on time and without issue. Maximize Profitability With Logistics KPIs Scorecards , Expert Insight, and Analytic Support.

Logistics Network Optimization Software 59

Logistics Network Optimization Software Logistics KPI Optimization Software 59