ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

GlobalTranz

OCTOBER 23, 2015

We continue our series on understanding the 3PL KPIs (Key performance indicators) from 3PL consultant, Chuck Intrieri of The Lean Supply Chain as it relates to the engagement with a 3PL. We began our series first writing about the 9 key broad and somewhat soft topics to understand in effective KPI Management. What is lacking?

KPI 120

KPI 3PL Supply Chain Planning Software Resource Reduction 120

DELMIA Quintiq

SEPTEMBER 16, 2021

Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules. 1] Inventory Management 101 – The Master Production Schedule Explained, OptiProERP Manufacturing, May 2017.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. After reading, you will be better informed about the most appropriate KPIs for IM and know the more commonly used ones. 10 Invaluable KPIs to Track Inventory Management Performance.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

Logistics Viewpoints

JUNE 22, 2023

Adding this key performance indicator (KPI) to your supply chain allows businesses to measure themselves while being able to evaluate the performance of all the participants in the commerce ecosystem. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. To read the full article, lick HERE.

Supply Chain Software 189

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 189

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

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

ToolsGroup

JUNE 15, 2023

Companies must therefore also invest in intelligent and connected infrastructures to bring it all together. This deeper understanding of customer demand translates into a more effective inventory strategy, especially for items with intermittent demand (which often end up comprising the bulk of excess inventory).

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Logistics Viewpoints

APRIL 19, 2023

Third, is autonomous planning feasible for all companies of all sizes? And finally, how does a company achieve autonomous planning? Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores. Some companies have started this journey with Excel-based manual processes.

Supply Chain Planning Software 220

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 220

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. Inventory Management Efficiency This is an evaluation of how efficiently the purchasing team maintains the right level of inventory.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Logistics Bureau

OCTOBER 9, 2017

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. You’ll hear a lot in different organisations about KPIs, but that doesn’t mean they are always used effectively. As the name indicates, KPIs concern “key” areas of the business.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 40

Silvon Software

APRIL 8, 2022

In an effective KPI strategy, leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell them how they’ve done. I also suggest to our manufacturing clients that they keep the following basic principles in mind relative to their KPI strategies. Machine KPIs.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

Taulia

NOVEMBER 28, 2021

Inventory management is a core procedure in most businesses’ daily operations, ensuring that goods and materials are where they ought to be when they’re needed. But to get the most out of your inventory management process, you need to intelligently monitor performance. Average inventory. Inventory accuracy.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Customer Order Cycle Time. Stocking Cycle Time.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

ToolsGroup

MAY 16, 2023

Balancing Inventory Remains the Key to Customer Service and Profitability Although fast expansion remains a priority for some segments (like medical equipment), many of the supply chain executives we spoke to named inventory levels as their main concern. Fortunately, “service-driven planning” is already a proven theory.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

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

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Regularly review and update your stakeholder-focused KPIs based on changing stakeholder needs or emerging trends.

S&OP 93

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

GlobalTranz

DECEMBER 8, 2017

The perfect order KPI tracks the overall accuracy and timeliness of each shipment. Perfect Order KPI = On-Time Delivery and Shipment KPI x Complete Order Percentage x Damage-Free Percentage x Accurate Invoicing Percentage. To calculate the perfect order percentage, one must understand the on-time KPI.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software KPI Supply Chain Design 170

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. They often use reorder point methods and are struggling to improve on-time delivery, inventory turns, and other KPIs. The post Everybody forecasts to drive inventory planning. It’s just a question of how.

Forecasting 81

Forecasting Forecasting Software Supply Chain Planning Software Inventory 81

ToolsGroup

JULY 6, 2023

Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making. We’re thrilled that so many companies have benefited from our AI-powered capabilities, and we’re grateful to have so many enthusiastic and knowledgeable customers around the globe.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

DELMIA Quintiq

JANUARY 11, 2021

Many cable and wire companies have an S&OP process in place, but few have the right solution to support it. In addition, vendor-managed inventory can be actioned where planners, suppliers and customers are connected to allow for more effective and collaborative planning and decision-making.

Modeling 268

Modeling Scenario Planning Optimization Modeling Supply Chain Optimization 268

GlobalTranz

JUNE 14, 2017

Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. Forecasting Accuracy KPIs.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Supply Chain Game Changer

JULY 21, 2021

Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Logistics Bureau

OCTOBER 20, 2021

It’s not uncommon though, for companies to make the mistake of over-complicating their supply chain performance monitoring. While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action.

Supply Chain Design Software 80

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

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

Silvon Software

APRIL 11, 2024

By leveraging data to create personalized customer experiences, companies can enhance satisfaction and loyalty, which are critical for sustaining growth in competitive markets. By analyzing trends, market conditions, and internal performance data, companies can better anticipate challenges and devise strategies to navigate or mitigate them.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Precoro

OCTOBER 10, 2022

The answer is simple: through KPIs. Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. What Are Procurement KPIs, and Why Use Them? Procurement KPI Categories. Cost-saving KPIs: Procurement ROI.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

AIMMS

FEBRUARY 16, 2021

Many companies struggled to link longer term plans with unexpected short term supply and demand issues. Our research shows that many companies have already embraced S&OE as part of their processes. This makes sense given that S&OE tends to be a very specific process for each company. 2020 was full of surprises.

Modeling 311

Modeling Scenario Planning Supply Chain Planning Software S&OP 311

Unleashed

DECEMBER 11, 2022

For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes. High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Companies must continually evaluate their Distribution Operations to identify areas for improvement and stay competitive in the ever-changing business landscape.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

DELMIA Quintiq

DECEMBER 23, 2014

Tip 5: Close the inventory gap between model and reality. Flawed inventory data leads to plans that are of little practical use. Unfortunately, some companies begin their S&OP process by assuming that their inventory levels are exactly right, or that they have no inventory at all.

Modeling 299

Modeling Supply Chain Planning Software Inventory Reduction Scenario Planning 299

BlueYonder

APRIL 9, 2024

To trigger such widespread improvements without harming other areas of the company, manual intervention is no longer an option. Each of these individual elements tick the parallel KPI boxes of saved money, lower emissions, and improved customer satisfaction.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100