Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The goal is to keep inventory levels at a minimum to meet customer needs. It is the main measurement benchmark in measuring supply chain performance, isn’t it? 10 Soft Metric Considerations in Measuring Supply Chain Performance. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Talking Logistics

SEPTEMBER 12, 2017

A sense of complacency can lurk behind benchmarks. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. If your team isn’t challenged to meet their goals, your bar is likely set too low. As a leader, you need many tools to eliminate this mindset.

Metrics 106

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 106

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

Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. APQC – a benchmarking, best practices, and performance improvement organization – is one place you can get these numbers. Companies need to understand how much it is realistically possible to improve their forecasts.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Armed with a good understanding of the scope of transportation services required, the Procurement Team can proceed to conduct Market Research to identify potential service providers who are able to meet the transportation services required. Regular review and report on service providers’ performance against these benchmarks.,

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Bureau

FEBRUARY 13, 2018

He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. Steven, you were a customer of Benchmarking Success with three different companies, most recently as Supply Chain Director with Ingram Micro, the world’s largest IT distributor.

Benchmarking 40

Benchmarking Thailand Asia Indonesia 40

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome. The result? The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

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

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Learn more about transportation optimization and how it can help you drive operative advantage while meeting customer expectations and delivery requirements. Learn More.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

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

Logility

AUGUST 4, 2023

Getting Started: Make Value Your North Star When it comes to selecting supply chain planning & operations solutions partners, the focus on delivering value should start even before the first vendor meeting. They’re not coming to all the meetings and they’re not involved in all the micro-decisions that get made.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

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

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. They had seen my videos on the website and needed a speaker for their global kick-off meeting. When we started benchmarking companies, Deborah and I had a friendly wager. It was a large multinational company.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. It includes pick quality to ensure that the quality of the goods being dispatched meets standards and that what has been picked is correct to what was ordered. This in turn will update available stock quantities within the Warehouse.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

ToolsGroup

MAY 4, 2020

Whether you’re unable to meet escalating demand with your existing inventory, or concerned about spoilage, ToolsGroup solutions including demand forecasting, demand sensing and inventory optimization help companies assess changing demand and re-evaluate service levels and stocking decisions to combat both scarcity and spoilage.

Supply Chain Planning Software 120

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

ToolsGroup

DECEMBER 16, 2021

Open-to-buy planning software is the first step to ensuring you have the right amount of stock available to satisfy demand while ensuring you meet your financial objectives. Reach Optimal Inventory Levels by Having the Right Amount of Stock Available. Building Retailer Success with Open-to-Buy.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

Supply Chain Planning Software 179

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

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. You don’t necessarily need to use all the following metrics in your procurement department.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

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

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. McKinsey & Co., What is OTIF?

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. Coordinate with various departments to meet production and delivery targets. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Optimize inventory levels to meet demand efficiently.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Precoro

DECEMBER 11, 2023

Finally, the sourcing team creates a portfolio of potential suppliers and vendors that have the potential to meet the company needs. Benchmarks, analysis, and improvements. That means engaging in open communication, setting clear expectations, establishing supplier performance metrics and milestones, and promoting mutual success.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

APRIL 2, 2020

A good KPI will be measurable against some benchmark or criteria. 3 Get the metrics right. Supplier metrics should be captured about monthly. But it’s important to carefully craft that scorecard to meet a few critical needs. Lastly, develop Key Performance Indicators (KPIs) around those measures.

Negotiating Skills 157

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

Logility

MARCH 12, 2021

Pulling data into a business intelligence tool in each department, the company started generating a new series of reports designed to meet the requirements of each department. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.) Here’s where they help.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

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

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. That’s why the supply chain team proactively kicked off a series of meetings. Their on-time in-full (OTIF) performance, at 99.5%, was very good. Ipsen also need to reduce their lead times.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

DynaSys

AUGUST 17, 2021

Now it’s time to walk through the importance of Performance evaluation in the Demand Planning Cycle by setting metrics and KPIs. Demand planning strikes the balance between having sufficient stock levels to meet demand without having surplus as the end goal.

Supply and Demand 52

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

Unleashed

FEBRUARY 1, 2023

This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. The business has the products available to meet the demands of consumers. Demand planning must include a determination and recording of key metrics to track throughout the year.

Supply and Demand 52

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

Unleashed

MARCH 28, 2023

This article looks at nine crucial order management performance metrics to start tracking in your organisation. Learn more: 12 Powerful Tips for Improving Online Order Fulfilment Order management performance metrics allow businesses to measure and track the success of their current processes. What is order management? Optimised sales.

Procurement Analytics 52

Procurement Analytics Metrics Purchasing Skills Cost Reduction Strategies 52

Supply Chain View from the Field

AUGUST 24, 2015

We also have to work around their schedules, to ensure that they can meet every week with the practicum advisors! John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Unleashed

JANUARY 29, 2024

This helps them to meet the changing consumer demands for healthier and more sustainable products. 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. Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Talking Logistics

AUGUST 21, 2018

Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Key Trends Driving Change.

Cost Reduction Strategies 101

Cost Reduction Strategies Resource Reduction Logistics Network Optimization Software Supply Chain Planning Software 101

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

GlobalTranz

OCTOBER 16, 2015

In-person meetings with a director of pricing or pricing analyst let shippers see the carrier's level of commitment, professionalism, and interest; discuss the service map; and explore detailed carrier capabilities prior to competitive rebidding. Meet with senior operations personnel at each contracted carrier.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120