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Manufacturing KPIs: 28 Production Metrics to Start Tracking Today

Unleashed

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.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

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How to Build an Ideal Supplier Scorecard

EC Sourcing Group

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

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ERP inventory management – how advanced is your ERP?

EazyStock

ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. Many ERP inventory management modules lack the necessary analytical tools to recommend what and how much stock you should actually carry.

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From Manual to Automated: 9 Steps to Updating Your Warehouse in 2024

Locus Robotics

You should also track productivity metrics now (if you aren’t already) so you’ll have them for comparison post-automation. Instead, set measurable targets like: Increase picking speed by …% Cut training time by …% Reduce shipping errors by …% Let your objectives guide your technology selection process and implementation roadmap.

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23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line.