Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Supply Chain Shaman

FEBRUARY 18, 2021

While the industry is flush with terms like digital twin and what-if modeling, current applications were not equal to the need. Most of the industry makes most of the visibility solutions from third-party logistics providers and technologists obsolete. Watermelon Metrics Don’t Drive The Right Results. Next Steps.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

QAD

JULY 1, 2021

Improving communication between departments and comparing metrics across them. Optimizing operations for better efficiency, productivity and customer service. Our solutions are designed and implemented with manufacturing industry best practices in mind, such as: Lean manufacturing and process optimization.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Supply Chain Shaman

SEPTEMBER 28, 2022

Ford, historically has been an industry laggard in the automotive sector and, with this focus, will continue to be a laggard in the future. Results in the Automotive Industry for the period of 2012-2021. During the pandemic, transportation costs skyrocketed, creating increasing tension between customer service and price.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

JUNE 7, 2018

Putting a stick in the eye of the industry is hard work. The industry has too many events. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. An orbit chart is a plotting of data at the intersection of two metrics. Change is hard.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

Supply Chain Shaman

DECEMBER 28, 2020

Orbit Chart for Henkel versus Consumer Non-Durable Industry for the Period of 2010-2019. Pre-pandemic performance across industries was worse than the performance pre-recession. ” I grow weary of industry doubletalk and over-used superlatives. Help Me Improve Customer Service. What can we learn?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ThroughPut

MARCH 27, 2024

While on one hand, predictive analytics analyzes historical data and market trends for accurate demand forecasting, on the other, customers are being offered personalized experiences based on their preferences, purchase history and behavior. Another way of ensuring greater customer satisfaction!

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Kinaxis

JUNE 22, 2015

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. Cycle Times.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Talking Logistics

SEPTEMBER 12, 2017

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. As a leader, you need many tools to eliminate this mindset.

Metrics 106

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 106

Unleashed

OCTOBER 31, 2023

It provides manufacturers with greater efficiency, fewer compliance issues, reduced costs, empowered employees, and better customer service satisfaction. Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Here’s how.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Stord

APRIL 24, 2024

The opportunities lie in leveraging these technologies to optimize inventory management, ensure transparency, and provide personalized customer experiences , ultimately leading to increased operational efficiency and competitiveness. Customer service also could likely see improvements as this technology becomes more widespread (e.g.,

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. When implemented in an organization, we add customer service (orders shipped complete and in full).

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

GlobalTranz

JULY 20, 2015

Increased service market share. Greater customer service and higher retention levels. Importance of Metrics in Reverse Logistics Management. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. How much value is recaptured?

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

Logistics Viewpoints

MARCH 25, 2024

This in turn rests on developing solutions far more industry-focused than their competitors. Several top executives laid out Infor’s strategy for differentiating their solutions based on their technology, product development, and customer service. But it would not be as good for our customers.” Infor does as well.

Vendor Strategies 225

Vendor Strategies Material Savings Resource Reduction Supply Chain Design Software 225

Enterra Insights

AUGUST 20, 2019

There is continued buzz about Industry 4.0 — the nickname adopted for the ongoing fourth industrial revolution. We are at the cusp of a fourth industrial revolution driven by artificial intelligence, robotics, and web services. 1] One element of Industry 4.0 The key to success in the Industry 4.0

Supply Chain Design Software 100

Supply Chain Design Software Analytics Software Optimization Software Demand Planning Software 100

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Elementum

JANUARY 16, 2024

By utilizing technology to automate complex business processes—such as production, employee onboarding, and customer service—companies can enhance productivity, efficiency, and promote innovation. Research industry-specific solutions that cater to the unique demands of your business.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

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. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 93

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

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” Nine times out of ten improving customer service requires different management of the budget cycle and a rethinking of financial planning. Background. The River of Demand. #3 The reason why?

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Functional metrics need to be abandoned to focus on balanced scorecard outputs. Digital Transformation.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. Cash-to-cash is a compound metric. We see this in industry after industry.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Silvon Software

SEPTEMBER 26, 2023

While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures. In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

Supply Chain Shaman

APRIL 25, 2013

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. When I started writing the book, I believed that supply chain process improvements had reduced costs, improved customer service, and increased invetnory turns.

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 257

Supply Chain Shaman

MAY 1, 2023

Increasing Need for Strategy Clarity The evolution of GPT and AI crazes the industry. Educate on the importance of designing flows and aligning metrics. Clarify the required reliability for customer service for each flow. Move from functional metrics to a balanced scorecard. I hope this helps.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

Supply Chain Shaman

FEBRUARY 1, 2024

I will share insights as we go along) The Word Salad Shuffle In the industry, I feel that there is a lot of word salad–consultants and technologists spinning words with little meaning to drive leads. Optimization engines to improve functional metric performance resulted in an exploding number of planners.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Logility

NOVEMBER 30, 2020

Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from a traditional, analog supply chain to a more digital supply chain. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. This has never been truer than it is today.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

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

OptiProERP

APRIL 17, 2022

In this blog, you will learn how a Manufacturing Execution System (MES), also known as a Shop Floor Execution System (SFES), embedded in an ERP (Enterprise Resource Planning) system transformed an industrial machinery manufacturer’s shop floor to help grow their business. Improved Quality for Enhanced Customer Satisfaction.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Manufacturing Demand Planning Software 52

Talking Logistics

OCTOBER 18, 2016

This has created what some in the industry are referring to as “supply chain impatience.”. Some systems can even help predict the future and alert shippers of potential disruptions – allowing them to proactively take steps to address those disruptions in order to maintain smooth operations and high levels of customer service.

Demand Planning Software 100

Demand Planning Software Supply Chain Planning Software 3PL Supply Chain Network Software 100

Supply Chain Shaman

JANUARY 31, 2022

The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Current technologies and processes focus on volume trade-offs. Focus on Cost. His response?

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

AUGUST 7, 2019

When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. Analyze Past Results in Customer Service. We draw a timeline on a conference room wall and using customer shipment and compliance data, we plot the issues with customer service and product outages.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Logility

NOVEMBER 15, 2013

The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability. These folks have traditionally provided master rolls of newsprint and book paper to the industry. The market took what was made. In the second phase the focus is lifted to a supply chain level.

Metrics 100

Metrics Expense Reduction Inventory Reduction Cost Reduction Strategies 100

Logility

NOVEMBER 15, 2013

The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability. These folks have traditionally provided master rolls of newsprint and book paper to the industry. The market took what was made. In the second phase the focus is lifted to a supply chain level.

Metrics 100

Metrics Expense Reduction Inventory Reduction Cost Reduction Strategies 100

Supply Chain Shaman

JULY 9, 2013

We started with mining the data on supply chain financial ratios within industry groups. This research was the backbone of the Supply Chain Metrics that Matter series of reports. As we published more and more industry data, I wanted to better define industry leaders. The Building of the Index. Check them out!

Supply Chain Software 203

Supply Chain Software Supply Chain Modeling Modeling Software 203

Supply Chain Shaman

FEBRUARY 7, 2022

The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Current technologies and processes focus on volume trade-offs. Focus on Cost. His response?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195