Remove Eliminating Excel in Purchasing Remove KPI Remove Packaging
article thumbnail

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

article thumbnail

Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

Packaging and Unit Loading Packaging plays a pivotal role in logistical efficiency. Optimizing packaging dimensions can significantly impact transportation and storage costs. Consequently, investing in packaging optimization can yield substantial returns for businesses in the supply chain. References: Bullock, S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

32 Ecommerce KPIs That Every Online Store Needs to Track for Growth

ShipBob

What are ecommerce KPIs? Sales KPIs. Marketing KPIs. Customer service KPIs. Shipping & logistics KPIs. Ecommerce KPI examples. How ShipBob helps retailers track and achieve ecommerce KPIs. What are ecommerce KPIs? COGS = Beginning inventory + Purchases during the period – Ending inventory.

article thumbnail

The Renewed Importance of Production Planning and Operational Excellence in the New Normal- Part Two

Supply Chain Matters

Supply Chain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment. Refocusing on Operational Excellence In the previous section, we identified a number of drivers for operational efficiency.

article thumbnail

10 KPIs to measure inventory management performance

Taulia

By regularly monitoring the average amount of inventory you hold, perhaps monthly, you can determine whether you’re over- or under-buying and iron out the spikes and drops to make your approach to inventory management more efficient. You can calculate inventory turnover using the following formula: Cost of goods sold / average inventory.

article thumbnail

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

6 River Systems

Product responsibilities have ranged from medical electrical equipment all the way down to a single wall hypodermic needle, each product with its own logistics and packaging issue. As a result, picking and packaging orders becomes hassle-free and less time-consuming, helping us significantly reduce other costs.

article thumbnail

5 Reliable Zoho Inventory Alternatives

Unleashed

The case for Zoho Inventory alternatives Zoho Inventory can be a useful tool for managing stock and purchasing, but it’s not suitable for every business. eCommerce packages from $205 per month, 3PL packages from $480 per month eCommerce businesses and third-party logistics providers.