Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ToolsGroup

MAY 4, 2020

Along with its AI-driven demand forecasting and inventory planning software, ToolsGroup has introduced new customer support offerings for COVID-19 planning as well as educational resources including the ebook “ COVID-19 Risk: Enable Swift and Efficient Response to Supply Chain Disruptions.” Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Below are five KPIs to closely monitor in your warehouse: 1. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. Fortunately, inventory accuracy is measurable.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Performance Monitoring (KPI) (Establishing key performance indicators (KPIs) to measure and assess performance., Regular review and report on service providers’ performance against these benchmarks., Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.”

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Unleashed

APRIL 9, 2024

OTIF is an important KPI because it directly impacts customer satisfaction and trust in supply chain partnerships. It measures inventory availability and the ability to meet customer orders as they come in. Conversely, a low OTIF rate may force you to maintain higher inventory levels to compensate for uncertainties in supply.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Logistics Bureau

DECEMBER 7, 2017

In case you’re not familiar with all the KPIs in the chart above, just read on for a quick explanation of each one. The term “line” in this KPI refers to a line on the sales order. This KPI can be used to measure inbound deliveries (from your suppliers) or those you make to your customers. Need More KPI Knowledge?

KPI 40

KPI Supply Chain Benchmarking Manufacturing Procurement 40

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands. What is demand planning?

Supply and Demand 52

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

Supply Chain Movement

JULY 18, 2016

KPI, S&OP Dashboard & Scoreboard. Benchmark for Supply Chain Management. Inventory Optimization. Key Practical Learning Points Of The Summit. S&OP Best Practice and Post-Implementation. S&OP Challenges. Forecasting Accuracy. How to Make S&OP More Efficient with Low Cost. Startup of S&OP.

Supply Chain Planning Software 60

Supply Chain Planning Software S&OP Supply Chain Planning Scenario Planning 60

Logistics Bureau

JANUARY 19, 2020

The seminars will cover basic supply chain management, and more advanced elements such as strategy, outsourcing, cost to serve, benchmarking, and so on.”. Inventory management and optimisation. Benchmarking and KPI development. Rob O’Byrne, Founder, Supply Chain Secrets. Supply chain and logistics outsourcing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Cost Reduction Strategies 52

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. It is the main measurement benchmark in measuring supply chain performance, isn’t it? Read more.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. We will start by plotting that frontier per 2 dimensions.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Unleashed

JANUARY 5, 2021

Inventory management is a critical function of any business, with drastic implications on profit margins. Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. What is inventory turnover? Average inventory?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

Logility

JUNE 20, 2017

’ You can read lots of case studies, attend other user presentations, or participate in benchmark surveys to get a bearing on where you are at and some great ideas that can be applied. So those assessments should result in some form of reasonable KPI goal setting. Can it become more effective? The key is momentum.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 119

Unleashed

JULY 23, 2023

In this manufacturing KPIs guide What are KPIs in manufacturing? KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Game Changer

SEPTEMBER 10, 2019

Ensuring deliveries are on time , making sure purchase orders are placed, changed, and acknowledged, keeping track of and reducing inventory levels, managing forecasts and forecast accuracy, and training and retaining resources are just a few of the basics that companies are working vigilantly to address every hour of every day.

Resource Reduction 51

Resource Reduction Cost Reduction Strategies Inventory Reduction Forecasting Software 51

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

NC State SCRC

JUNE 27, 2017

It will not determine the extent of deployment across different business units, but could be used to benchmark performance across business units. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). > Inventory levels. > >Inventory Turns. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

ShipBob

APRIL 13, 2021

What are ecommerce KPIs? Sales KPIs. Marketing KPIs. Customer service KPIs. Shipping & logistics KPIs. Ecommerce KPI examples. How ShipBob helps retailers track and achieve ecommerce KPIs. What are ecommerce KPIs? COGS = Beginning inventory + Purchases during the period – Ending inventory.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Logistics Viewpoints

MARCH 4, 2021

Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. .

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Enchange Supply Chain Consultancy

JULY 23, 2014

Our regional FMCG client did not have any formal planning process and so started from a lowly position on the Enchange Assessment scale which allows benchmarking with the same and other sectors. Amongst many other enhancements the following KPIs have been implemented and are measured monthly: KPI Measurement. The Challenge.

S&OP 173

S&OP Supply and Demand Case Study Study 173

ShipBob

MARCH 2, 2022

Average revenue per unit or ARPU is an important ecommerce and inventory management KPI that measures how much you’re earning on average from selling one unit of inventory. So while it’s an important metric for managing inventory, it’s also useful for calculating performance when individual product sales can’t be measured.

Optimal Sourcing 52

Optimal Sourcing Price Reduction Inventory Reduction Cost Reduction Strategies 52

Logistics Bureau

JULY 18, 2022

Inventory levels. Step 3: External Benchmarking and Competitor Research. Therefore, at this point, it’s a great idea to carry out some external benchmarking , to determine which performance elements you would need to improve to compete successfully, and which ones, if any, are already at a best-in-class level. Reverse logistics.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Unleashed

FEBRUARY 28, 2023

It can also be an important productivity key performance indicator (KPI), used to track progress and highlight areas where more training or better equipment may be required. Although receiving efficiency is itself a KPI, other metrics can also assist in measuring how optimally your business receives goods.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Vinculum

DECEMBER 27, 2021

It’s pretty baffling to look into each KPI to have a note of it. To avoid such a lengthy process, we have jotted down a few KPIs to figure out the multi-channel sales pattern and strategies. These KPIs give a clear picture of the multi-channel sales for a better future and a great market.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Strategy Price Mitigation Strategies 52

Logistics Bureau

JUNE 12, 2017

Very few are actually ‘designed’ What that means of course, is that most Distribution Networks become miss-aligned over time and this leads to excess inventory, excess costs and poor customer service. It’s a question of matching the right level of KPIs, to the management level in the organisation.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Planning Software 40

Precoro

FEBRUARY 27, 2023

Supports Benchmarking Benchmarking is the process of measuring a company's performance against its competitors to identify areas that might need improvement. There are plenty of KPI categories and types. By looking at KPIs regularly, companies can determine how well they are doing in terms of their objectives.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Silvon Software

JANUARY 16, 2023

One of the most effective ways to do this is to employ Key Performance Indicators (KPIs) that measure how effectively your warehouse processes are performing by comparing them to past numbers and benchmarks. Inventory KPIs. Inventory Accuracy. Inventory Accuracy =. physical inventory count.

Warehousing 112

Warehousing KPI Procurement Analytics Purchasing Skills 112

Logility

AUGUST 5, 2021

If your sustainable competitive advantage is centered on strong customer relationships, you may carry more inventory than your peers. Inventory-based KPIs probably make sense for you, but how will you benchmark results? Should you use the same KPIs as everyone else? How do you think about KPI validity?

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Unleashed

SEPTEMBER 10, 2020

They then benchmark their new productivity formula in Q4 at 22,000/366,000 = 0.06. For example our toy makers could: Deploy inventory management software : to reduce stock loss and wastage, reduce admin time, and prevent production stoppages thanks to automated low stock alerts. Technology. Value of Wastage.

Material Savings 86

Material Savings Expense Reduction Waste Reduction Cost Reduction Strategies 86

RFgen

FEBRUARY 29, 2024

Get live monitoring with real-time supply chain KPI dashboards SCHEDULE A DEMO » Focuses on Quality, Safety, and Value Every Pfizer product undergoes rigorous quality control measures to ensure patient safety and efficacy. Innovations developed during this period set new industry benchmarks.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Software 52

Arkieva

MARCH 29, 2016

Over the last 5 years I have seen many companies launching inventory reduction programs. When launching an inventory reduction program, companies should be aware that inventory, as a part of Cash, should always be balanced with Cost and Service. They can increase the inventory and as such require more cash.

Cost Reduction Strategies 60

Cost Reduction Strategies Purchasing Skills Inventory Reduction Supply Chain Planning 60

Unleashed

JUNE 8, 2020

With a working KPI process in place, the second step towards data mastery becomes achievable: empowering the right people in the business with relevant insights at the right time. Working with KPIs is a solid first step towards relevancy, the next is to ensure that workers know which indicators to watch. The right people.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

Supply Chain Management and Analytics

MARCH 5, 2021

Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. .

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52