Logility

SEPTEMBER 5, 2013

He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Seeing the Future. He didn’t stop here.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Enchange Supply Chain Consultancy

NOVEMBER 26, 2014

Cost Comparison. You need transparency on your own cost structure in order to make a valid and meaningful comparison. How soon will KPI''s be at the required level? Outsourcing is not always about cost reduction but the costs of the 3PLP contenders will be a major element in the decision. Start-up Phase.

Guinea 127

Guinea Comparison Cost Reduction Strategies KPI 127

BlueYonder

AUGUST 15, 2023

A Better Understanding of Pain Points By beginning the journey with a KPI and value-driven discussion, rather than a tech-based conversation, there are two overarching benefits. Significantly, this data-driven comparison between “now and then” has to be attributed to each individual facet. Or, as we label them, “buckets.”

Inventory Reduction 85

Inventory Reduction Expense Reduction Resource Reduction Price Reduction 85

Logistics Bureau

APRIL 4, 2022

3: Choose Your Comparisons Carefully. Benchmarking is all about comparisons, but results become skewed and lose their value when the comparisons lack relevance. As a quick and simple illustration of this, a road freight benchmarking project might require the use of the following KPIs: Freight cost as a percentage of sales.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

GlobalTranz

APRIL 25, 2016

In comparison, the poorest-performing companies in the lowest quartile had a range of working capital between 23% and 39% as a percentage of revenues. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Freight Plus

MARCH 22, 2019

It's a comparison between one or more things where performance is measured. There's no law that a shipper has to KPI or benchmark themselves against any one particular data set or organization. A typical answer we receive when we ask a perspective client if they've done a supply chain benchmark is, "what is a supply chain benchmark?".

Benchmarking 40

Benchmarking Supply Chain Planning Software Supply Chain Planning Supply Chain 40

Freight Plus

JUNE 11, 2018

It's a comparison between one or more things where performance is measured. There's no law that a shipper has to KPI or benchmark themselves against any one particular data set or organization. A typical answer we receive when we ask a perspective client if they've done a supply chain benchmark is, "what is a supply chain benchmark?".

Benchmarking 40

Benchmarking Supply Chain Planning Software Supply Chain Planning Supply Chain 40

Talking Logistics

JUNE 20, 2017

These network comparisons can also help analysts identify if a change is just part the natural ebb and flow of the supply chain, or points to a unique issue within their business. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

Global 109

Global Scenario Planning Metrics Benchmarking 109

Precoro

AUGUST 26, 2021

Scroll down to find: Procurement and purchasing: side-by-side comparison table ; Procurement and purchasing defined. Upon paying for the order, a procurement manager evaluates the supplier’s performance based on KPI, margins, and contract compliance, and decides whether to continue working with this vendor. What is Purchasing?

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Unleashed

NOVEMBER 17, 2019

A metric while also a quantifiable or measurable value, in contrast, reflects how successful the tactical activities happening in the organisation are supporting the achievement of the KPI. Below is a simple comparison of the two measures: Metrics. KPIs, like metrics, are also quantifiable and must also be well defined.

Metrics 64

Metrics KPI Inventory Reduction Analytics Software 64

Unleashed

JULY 23, 2023

You can calculate order cycle time using the formula: (Delivery Date – Order Received Date) / Total Number of Orders Shipped = Order Cycle Time This KPI reveals where you need to develop new strategies to improve the speed of your order fulfilment. 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

Locus Robotics

DECEMBER 18, 2023

You should also track productivity metrics now (if you aren’t already) so you’ll have them for comparison post-automation. Use measured before-and-after analytics to confirm you’re progressing responsibly towards critical KPI boosts.

Warehousing 52

Warehousing Purchasing Training Expense Reduction Analytics Software 52

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023.

Logistics Network Optimization Software 282

Logistics Network Optimization Software Negotiating Skills Optimization Software Buyer Training 282

Unleashed

SEPTEMBER 29, 2019

Leading indicators are generally harder to measure, but in comparison they are easier to change. Once you’ve down your brainstorming and decided on some KPIs for each goal, take a step back and look at the bigger picture. Not every KPI will be perfect, but you have created stepping stones towards reaching your goals.

Inventory Reduction 53

Inventory Reduction KPI Comparison Just-in-Time 53

EC Sourcing Group

JANUARY 24, 2019

Each KPI should have a benchmark or reference point of comparison. Early in my career, I was able to forecast the profitability of one division based on the price trends of four key raw materials. These materials represented almost 70% of the cost of goods manufactured. If it was always this easy.

Manufacturing Procurement 45

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45

Precoro

FEBRUARY 27, 2023

Many factors may be used for conducting comparisons. It's also possible to conduct internal comparisons between locations and departments to establish a more transparent and nuanced understanding of business operations. There are plenty of KPI categories and types. Let's consider other relevant KPIs for spending analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

SCMDOJO

APRIL 3, 2022

eAuctions save money in comparison to a regular BAFO tendering process. Procurement KPI Dashboard – Customizable Excel Template. . Subscribe from this link to have free test run. . E-auctions were shown to save between 25% and 50% more than traditional face-to-face discussions throughout an RFP process.

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

DELMIA Quintiq

JUNE 8, 2021

In my last post , I wrote about being an agilist and a new KPI that measures one’s ability to be agile. Finally, the decision must be made on the cost since we should start measuring the cost of agility in comparison to the outcome of the decisions made. Taking Action. You now have information, so what’s next? The Cost of Agilibility.

Optimal Sourcing 156

Optimal Sourcing Agile and Lean Supply Chain Modeling Supply Chain Planning Software 156

EcoVadis

FEBRUARY 11, 2016

This research would include a regulatory watch, best practices identification and review, defining KPI’s and scoring model: In-house staff-time measured typically in staff-days per sector. A comparison of approaches should encompass both the direct cost differences, as well as the qualitative value comparison including.

Analysis 40

Analysis Modeling Software Comparison Procurement 40

EazyStock

NOVEMBER 17, 2020

In comparison, an inventory optimization app will consider: Product life cycle: As a product moves through its product life cycle , from market introduction, to maturity and decline, it’s demand patterns will also change. Most inventory optimization add-ons will then set target service levels for each SKU in your portfolio.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

Supply Chain Game Changer

SEPTEMBER 8, 2021

Defining, Refining, Aligning, and working towards a North Star is common practice within Tech ventures (especially SaaS) as it can be a bit simpler (in comparison to retail or manufacturing, for example) to identify value levers and KPI metrics that lead directly to customer value and business success.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Silvon Software

MAY 24, 2022

Sales KPIs are metrics that help you monitor and make decisions about your sales strategies and initiatives. In an effective KPI strategy, I always suggest to our manufacturing and wholesale distribution clients that they keep the following basic principles in mind. Every sales KPI needs a clearly defined goal.

Procurement Analytics 78

Procurement Analytics Manufacturing Procurement Metrics Price Reduction 78

BlueYonder

AUGUST 26, 2014

But store, shelf-level out-of-stocks (OOS), the most critical KPI in this supply chain, barely changed. The JDA solution supports: Scenario creation and comparison , particularly scenarios that support a proactive restructuring of the supply chain. The next wave forward is demand driven supply chain management.

Modeling 64

Modeling Supply Chain Planning Software Forecasting Las Vegas 64

QAD

DECEMBER 19, 2019

KPIs for Effectively Tracking Purchasing Performance. QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. This helps enable budgeting by site and comparisons of spend and commitment policies by site. Together, spend and commitment provide a clear view of purchasing.

Purchasing Skills 130

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 130

ToolsGroup

NOVEMBER 13, 2019

This wasn’t “digital for the sake of digital”, but to support a very specific business KPI. Gartner’s Noha Tohamy used an interesting comparison of Maslov’s hierarchy of needs to SCP analytics. An example is Stitch Fix using machine learning to augment human stylists to ensure the best possible customer service.

Gartner 27

Gartner Supply Chain Planning Software Supply Chain Planning Scenario Planning 27

Logility

MAY 2, 2021

From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs. A frequent conversation on forecasting best practices among demand planners is the growing concern over the use of “one number.”

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149

6 River Systems

OCTOBER 12, 2020

Review haulers and expediters for: Cost comparison — Make sure you know who gives you the best value. Delivery KPIs — Are they on time or late? We operate a ‘sell on the water’ KPI, which simply means we start selling our lights as soon as they leave the dock, using our shipping container as storage as well as transport.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

ToolsGroup

OCTOBER 20, 2020

Before I answer that, let me rewind to my last post, “ Service Level Should Be Your Number One Supply Chain KPI…But What Does It Really Mean? ” – Don’t you have to raise inventory levels to guarantee service levels?” is typical of the reaction I get. But it had a hunch that outcomes could be significantly improved.

Inventory Reduction 177

Inventory Reduction Optimization Software Supply Chain Optimization Inventory 177

6 River Systems

FEBRUARY 25, 2019

Its scalable structure, customizable access and KPI dashboards help supply chain teams maximize efficiency and performance, reducing product launch times, bill of material costs and program launch risks in addition to improving cash flow.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

KEPLER Consulting

NOVEMBER 24, 2017

The comparison between overstepped models and top of the breed actors demonstrates the consistent impact of under performing Supply Chain on company’s performance. KPI definition (calculation method, scope, target, top down cascading…) and dashboard set up are a basis to give Managers the right levers to drive SC efficiency.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 40