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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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Parts Are Not Parts

Supply Chain Shaman

Yes, companies need the right materials at the right time to drive customer service. A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Cross Site Analytics. Order Policy Optimization.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. What is a Service Level Agreement (SLA)? Effective KPI Management Goals.

KPI 120
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Assemble-to-Order manufacturing Part 2: ERP solutions to improve operations

SYSPRO Smarter ERP

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Managers should be able to analyze the costs of customized orders to identify where improvements can be made in labor hours worked, and other areas where costs can be lowered, such as reducing waste.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. This may also impact customer service levels. Not having accurate inventory tracking and reporting to measure tangibles as well as intangibles can impact inventory optimization efforts.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

By understanding carrying costs, businesses can make informed decisions about inventory levels to mitigate these risks. Customer service and satisfaction: 37% of consumers who encounter a stockout will choose to shop with another business, and nearly 10% will buy nothing at all.

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Fueling Success: Career in Supply Chain Guide

SCMDOJO

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.