QAD

JULY 23, 2020

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important?

Benchmarking 132

Benchmarking Metrics Manufacturing Six Sigma 132

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. It is the main measurement benchmark in measuring supply chain performance, isn’t it? 10 Soft Metric Considerations in Measuring Supply Chain Performance. View our Trends Category to stay up to speed. . Cost reduction is still very important.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

QAD

JULY 23, 2020

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important?

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

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

Logility

JANUARY 12, 2021

There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Benchmarking. An analytics platform for the supply chain also allows for benchmarking. Reporting and Score carding. Dashboarding. Take freight rates, for example.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 131

Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. Do you feel your supply chain management team is tracking too many metrics? If so, it’s probably true, and what’s more, most of them are probably not KPIs at all (that’s why we said “metrics”). Are You Sure All Your Indicators are KEY?

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

The Logistics & Supply Chain Management Society

MARCH 14, 2023

What tools we can use to benchmark ocean freight and carriers’ service reliability? Types of Ocean Freight Contract POSSIBLE TOOLS FOR BENCHMARKING RATES Like in any industry, we gather market Intelligence through our own network. This network could be customers, other shippers and also carriers, and 3PLs.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. You need to explore the metric relationships to see the full story.

Global 109

Global Scenario Planning Metrics Benchmarking 109

Logility

MARCH 6, 2020

Stakeholders who care about forecasting in demand planning care about accuracy, and usually will not accept a new forecasting method unless it is rigorously validated against known forecasting benchmarks with proven accuracy. In this way, forecast accuracy trends can be leveraged in adjusting demand planning.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Talking Logistics

NOVEMBER 17, 2015

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

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. The global pandemic has accelerated this trend, and along the way unveiled some major gaps in the world’s supply chains. McKinsey & Co., What is OTIF? According to McKinsey & Co.,

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Precoro

DECEMBER 11, 2023

Such research helps them to better understand the vendors and suppliers operating on the market, as well as the competition, available prices and price development trends, and potential risks. Benchmarks, analysis, and improvements. 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

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

Logility

MARCH 12, 2021

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. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.)

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Focus on the Metrics. Several essential supply chain KPIs and metrics can provide supply chain managers with the data they need to communicate network value to executive leaders effectively.

Supply Chain Software 52

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

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Demand planners / S&OP Lead Analyze historical data and market trends to forecast customer demand. Enroll Now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

TMC

MARCH 31, 2016

Do you have the right metrics? Metrics show how your supply chain is performing—providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indictors of performance in terms of these goals?

Supply Chain Software 69

Supply Chain Software Supply Chain Optimization Supply Chain Network Software Network Optimization Software 69

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? You can see pricing trends geographically, which allows you to set realistic prices for individual lanes. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Identify Regional Trends. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? You can see pricing trends geographically, which allows you to set realistic prices for individual lanes. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Identify Regional Trends. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Why Do Truckload Rate Benchmarks Matter? You can see pricing trends geographically, which allows you to set realistic prices for individual lanes. Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Identify Regional Trends. As a freight brokerage, you live and die by your pricing.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Unleashed

FEBRUARY 1, 2023

Demand planning also considers factors such as: Your marketing strategy Seasonality Market trends Demand planning teams need to constantly be alert to technology advances such as in Artificial Intelligence or software tools which can be utilised to their advantage. They must draw on all these factors to create a ‘demand plan’.

Supply and Demand 52

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

Locus

SEPTEMBER 19, 2023

One key factor for this is consumer expectations continue to reach higher benchmarks. 49% of global organizations lack confidence in tracking sustainability metrics to reduce emissions and fuel consumption. Shippers are already aware that the last mile is the most complex and expensive in the entire supply chain operations.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post I share industry trends. For each metric we show the averages and the percent change from the beginning and end of the period. Metric Performance for Discrete Industries. Tonight I am writing the Supply Chain Metrics That Matter report on the High-Tech Industry, and the Research in Review for 2015.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

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. In the OnDemand platform, some brands can also access a Supply Chain Scorecard that shows metrics including Days of Supply and Days of Supply Goal.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post, I share industry trends. For each metric was show the averages and the percent change from the beginning and end of the period. Table 1: Metric Performance for Discrete Industries. Metrics cannot be managed in isolation and realistic targets drive career success. Revenue-per-Employee.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Talking Logistics

AUGUST 21, 2018

Key Trends Driving Change. 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.

Cost Reduction Strategies 101

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

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. Days Inventory Outstanding (DIO) is a liquidity metric which measures the average number of days inventory is held in a business before it is sold. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. 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.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

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

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

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. It requires work.

Supply Chain Planning Software 150

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

SupplyShift

JUNE 2, 2021

The recent uptick of sustainability bonds from global companies like Wells Fargo, Bank of America, and most recently Amazon sends a strong market signal that focus on corporate Environmental, Social, and Governance (ESG) is no longer just a trend – it’s the new business imperative. Corporate ESG Reporting Today .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 52

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. When I go in to help a company, I first benchmark their supply chain ratios. As I work with these companies, I am noting a trend. In the modeling, my recommendation is to look at the cost metrics in aggregate. It constantly amazes me.

Manufacturing Procurement 183

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 183