ThroughPut

AUGUST 18, 2023

But what are the Key Performance Indicators (KPI) in supply chain management that you need to look at from a financial lens? But what you can’t miss out are the supply chain metrics outlined on the right hand side which influence these finance metrics. These directly affect business performance. Here’s how.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Material Savings Expense Reduction 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . What are KPIs & why are they important for your inventory management? You can easily track these KPIs in an inventory management system (IMS) or enterprise resource planner (ERP).

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Performance Monitoring (KPI) (Establishing key performance indicators (KPIs) to measure and assess performance., Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial. Contracting / Award Pricing Terms and Agreement Service Level Agreement (SLAs) (E.g.,

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Source: sasb.org. Secure Buy-In.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Intelligent Audit

NOVEMBER 3, 2022

The concept is about maximizing available capacity options while finding the best ways to exceed goals and key performance indicators — which, in turn, leads to more satisfied customers. The top three goals shippers should consider in optimizing the transportation network are price, capacity, and service.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Unleashed

JULY 23, 2023

By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing? Takt time Takt time is a KPI that helps set the pace of your manufacturing process.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. The goal should be formulating the various capacity, materials and resource decisions that influence and drive a more integrative view of business objective needs.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

ShipBob

APRIL 12, 2023

Main KPIs Closely monitoring your warehouse KPIs is the first step to measuring your warehouse productivity. You may be doing this already, but there are certain KPIs that are closely tied to productivity measurement. To measure this, you’ll need to look at your OTIF metric.

Warehousing 52

Warehousing Supply Chain Software Inventory Management Software Demand Planning Software 52

ThroughPut

OCTOBER 20, 2022

Organizations can rapidly identify distribution routes that do not meet OTIF metrics, are congested, or are simply unprofitable – not only at the supplier level but also at the product and store level. to guide appropriate regional capacity requirements for both individual location and point-to-point requirements. ThroughPut.ai

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

synchrono

MAY 7, 2018

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Making Manufacturing Metrics Meaningful Again. Guidebook: Metrics for Action Guide.

Metrics 58

Metrics Manufacturing Resource Reduction Supply and Demand 58

Supply Chain Game Changer

JANUARY 30, 2019

Word to the wise… standardization in your governance activities will return better results when gauging supplier base compliance as a KPI. Again, this could require the convergence of KPIs and technology. Begin to track the responsiveness and capacity of a supplier to respond to demands, especially when the demands are urgent.

Procurement Analytics 56

Procurement Analytics Optimal Sourcing Procurement Negotiating Skills 56

OptiProERP

AUGUST 17, 2022

The difference between KPIs and metrics. What determines a good KPI. Why manufacturers should use KPIs. The top 12 manufacturing KPIs and how to calculate them. How KPIs can be made actionable. Manufacturing KPIs are quantifiable measures of production performance. It aligns with the company’s goals.

Manufacturing 52

Manufacturing KPI Expense Reduction Cost Reduction Strategies 52

Precoro

MAY 27, 2021

By building an excellent Supplier Management Process, a successful company can mitigate those risks and ensure that their supply chain is undisrupted and meets the KPI's. Alternatively, by mapping the workflows and responsibilities, you can evaluate your teams capacity and identify hiring gaps early on.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

OptiProERP

AUGUST 19, 2022

Throughput is an essential KPI , and a lean metric, as it evaluates performance. Lack of machine(s) capacity to meet demand. Throughput is the time it takes for a product to pass through manufacturing processes on a machine-by-machine basis for a defined period. It is key to understanding how your manufacturing team is doing.

Manufacturing 52

Manufacturing Resource Reduction Waste Reduction Expense Reduction 52

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

Unleashed

NOVEMBER 7, 2018

Investigate why companies are able to offer extremely low prices, is it because they may not have updated technology, have low controls and metrics, or have the least amount of customer service? Then work out a process for KPI management. Agree on the key metrics to measure and how often performance reports will be delivered.

Price Reduction 40

Price Reduction Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 40

Kanban Logistics

FEBRUARY 27, 2020

Two areas that should be of interest are continuous improvement and KPI management. Warehouse KPI management. Key performance indicators (KPIs) are the metrics that help you to understand just how well your 3PL is performing. Average Warehouse Capacity Used (80.00 – 95.00%). Continuous improvement.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Unleashed

JANUARY 10, 2023

Either way, the first thing you should do is establish metrics and KPIs. When optimising the vendors in your supply chain, consider: Order lead times Quality of goods or services Potential bulk discounts Credit terms Capacity for scale Are they a good fit? This last point might seem ambiguous, but it’s very important.

Supply Chain Planning Software 52

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

QAD

MAY 19, 2020

KPIs for Effective Equipment Analysis. QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. KPI highlights for the Equipment Analysis Action Center include: Top Percentage of Equipment with Failures. Which KPIs and metrics are most important to your organization?

Analysis 145

Analysis Metrics KPI Predictive Analytics 145

QAD

MAY 19, 2020

KPIs for Effective Equipment Analysis. QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. KPI highlights for the Equipment Analysis Action Center include: Top Percentage of Equipment with Failures. Which KPIs and metrics are most important to your organization?

Analysis 145

Analysis Metrics KPI Predictive Analytics 145

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Opz

JUNE 1, 2014

Boeing and Airbus Supply Chain Strategy Boeing wants to encourage more flight frequency and direct route using a smaller capacity aircraft. They want to utilize high capacity airplane to help airlines drive the operating cost down. However, the overall implementation of strategic sourcing is a bit different between the two companies.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. This time I’m going to share some warehouse-specific insights into KPI selection and use. 1) Speed up the Warehouse.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

Taulia

AUGUST 24, 2022

One such KPI, and a common way of measuring AP performance, is the metric known as the accounts payable turnover ratio. Accounts payable turnover ratio (AP turnover ratio) is the metric that is used to measure AP turnover across a period of time, and one of several common financial ratios. Accounts payable turnover example.

Procurement Analytics 52

Procurement Analytics Metrics Purchasing Skills KPI 52

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. If we assume a fixed inventory, a higher service could come from ‘excess’ or so-called ‘sprint’ capacity, that allows to react quickly to unpredicted demand. In her excellent book ‘Supply Chain Metrics that Matter’ (Cecere, L.M.,

Agile and Lean Supply Chain 60

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

Parade

MARCH 17, 2022

Loads can get covered faster, more loads booked per day, more RFP bids can be placed because brokers know they have capacity and carriers to cover things since the system remembers every carrier. Want to learn more about how Fortune has used Parade and Tai TMS to automate their operations and improve essentially every KPI they measure?

Freight 78

Freight Supply Chain Network Software Demand Planning Software Logistics Network Optimization Software 78

Silvon Software

APRIL 1, 2024

The analytics help to improve a business process by analyzing a predetermined set of metrics relevant to the process and providing historical context of the data. Do I have enough warehouse capacity and resources? Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

Loop Supply Systems

JULY 21, 2016

Crucial information regarding lead-time, demand, demand variability, order quantities/cycles, and space-planning metrics will help your organization to determine the problems in your supply chain leading to excess inventory. View part capacity information from your suppliers months in advance! About loopPFEP & loopTrack.

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40

BlueYonder

MARCH 25, 2022

This includes both external factors such as consumer behavior, channel preference shifts, competition, regulations, and the continued impact of climate change, as well as internal factors like corporate strategy, upcoming NPI launches, labor shortages, and capacity constraints. How to Align Supply Chain Action to Your Business Strategy.

Modeling 94

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 94

Logistics Bureau

NOVEMBER 27, 2016

Suppliers are measured using factual performance indicators covering pricing, quality, innovation, and reliability , to name but a few of the measurement components included in the “McDonalds Supplier Performance Index,” as the suite of metrics is known. The manufacturing operation typically runs at full capacity for 4.5

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Supply Chain Game Changer

SEPTEMBER 8, 2021

What is Procurement’s North Star Metric? The North Star Metric (NSM). As published by Forbes in a 2017 article, “The North Star metric concept originally emerged from Silicon Valley and is best utilized by companies that invest in long-term sustainable growth. These sub-metrics should be your own mini-North Star Metrics.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Locus

SEPTEMBER 21, 2023

KPI & Analytics Dashboard: While SMB solutions offer analytics dashboards with valuable insights, they might not be as comprehensive as their enterprise counterparts, potentially limiting optimization opportunities. No Customized Delivery Solutions: SMBs usually lack smart capacity allocation for personalized delivery windows.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Analytics Software Optimization Software Demand Planning Software 52

o9 Solutions

APRIL 11, 2023

Among those decisions are: commercial decisions related to new products, marketing and sales decisions, supply chain decisions (across the full supply chain and supply chain management, related to positioning of material and capacity and then fulfilling customer demand).

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 52

o9 Solutions

APRIL 11, 2023

Among those decisions are: commercial decisions related to new products, marketing and sales decisions, supply chain decisions (across the full supply chain and supply chain management, related to positioning of material and capacity and then fulfilling customer demand).

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 52

o9 Solutions

JANUARY 30, 2023

Among those decisions are: commercial decisions related to new products, marketing and sales decisions, supply chain decisions (across the full supply chain and supply chain management, related to positioning of material and capacity and then fulfilling customer demand).

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 52