Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. can be measured to define this metric. This metric will require investigation of specific processes and functions in order to uncover underlying issues.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? ” Supply Chain Leader.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. For example, there’s a shortage of wheat and oil supplies due to trade disruptions in the region. It will also explore some of the best tactics to better manage this aspect of the supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

GlobalTranz

APRIL 5, 2017

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? This means that a near-majority of companies are faced with the pitfalls of internal, low-guidance systems for managing both inbound and outbound freight. Lack of Trading Partner Understanding.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

TMC

NOVEMBER 18, 2015

Examples of the latter include a latent product defect that wreaks reputational damage, or a cyber bug that steals company secrets. A major freight company employs a team of meteorologists that works closely with its flight dispatchers and contingency coordinators, for example. This post is credited to Dr. Yossi Sheffi.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

Unleashed

MARCH 31, 2021

Let’s take a look at the coffee supply chain as an example. In our example above, it was logistics companies that were transferring coffee beans from growers to roasters, and then on to cafes, and it was logistics companies that were storing the beans between buyers. Inventory days of supply. Inventory days of supply.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

Supply Chain Game Changer

AUGUST 21, 2022

In addition to product management, logistics also includes inventory management. Companies can also cut their inventory by up to 22% and improve their bottom line. In order to measure the efficiency of your supply chain, companies must track certain metrics. Metrics help to prioritize activities and improve processes.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

BlueYonder

JANUARY 24, 2023

Can we use premium freight? Do we need to carry excess inventory? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Mahindra Mahindra is another good example.

Automotive 69

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 69

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Let’s talk about how you calculate the reorder point for your products (with some examples) and how you can use it in your business. Example 1: Becky’s bakery.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. Less price volatility: When you have a good, healthy relationship with a supplier, you can work together to minimize commodity prices, exchanging fixed prices for a longer contract term, for example.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Zipline Logistics

JANUARY 10, 2023

My family is very entrepreneurial and set a great example of what levels of achievement were within reach with the right amount of effort. Can you please share a story or example for each? CPU is an alluring logistics option in which your customer picks up your freight for you. Before we dig in, let’s get to know Andrew.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Unleashed

MAY 1, 2023

The guy that might be replacing or adding to his surfboard quiver on a yearly basis might choose to skip a year, for example.” Protecting profit margins from ALC inflation ALC (Average Landed Cost) is a crucial metric in demand forecasting and inventory valuation. The main contributing factor to that was the cost of freight.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. This may involve freight partners. Returns management is the process which governs returned goods from customers.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

The Logistics of Logistics

APRIL 6, 2013

Inventory Record Accuracy via Cycle Counting and Root Cause analysis. Logistics Management 3pl kpi examples key process indicators KPI kpi logistik KPIs kpis for freight logistics key process indicators logistics metrics examples LTL key process indicators service level agreement SLA SLA/KPI SLA/KPIs'

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

Talking Logistics

MARCH 8, 2019

The latest example is Walmart “raising its delivery goal posts for suppliers, asking them to deliver more goods on time,” as reported by Jennifer Smith and Sarah Nassauer in the Wall Street Journal. Providers of real-time freight visibility solutions. threshold for food consumables. project44 Adds Ocean Visibility to Platform.

Rail Software 101

Rail Software Logistics Network Optimization Software Real-time Visibility Demand Planning Software 101

American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Cargo capacity exacerbated inventory shortages in the first half of 2023.

Russia 52

Russia Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? . Inventory Predictions.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Stord

APRIL 7, 2019

Rail freight volumes continued to fall at the end of March alongside service outages due to flooding in the Midwest. For example, Kansas City Southern has accepted trains from other lines that it usually wouldn’t have to accommodate. Delta reported a dip in air cargo freight last month compared to March of 2018.

Warehousing 60

Warehousing Kansas City Los Angeles New York City 60

Unleashed

MARCH 23, 2021

For example, your materials manager might renegotiate contracts with suppliers, try to trim transport costs, look for higher-quality goods, build a wider network of partners to increase choice … and so on. For example, flour for bread, wood for furniture, hops for beer. Storage and inventory management. Direct materials?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

GlobalTranz

OCTOBER 21, 2015

For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. All KPIS have a target percentage to meet. 3PL/SLA Skills/Knowledge.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

ShipBob

JULY 2, 2021

By using a combination of technologies like AI, machine learning, and predictive analytics, online brands can manage complex supply chains by automating warehouse operations, improving delivery times, easily managing inventory, optimizing third-party communication, and creating new customer experiences that increase satisfaction and boost sales.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

SupplyPike

APRIL 10, 2020

Your buyer may also need to work on directing inventories to more active locations. With demand so high for a lot of key products, you’ll need to closely monitor short-term and long-term demand and inventory. For example, one plan may see the pandemic ending and the quarantine lifting at the end of the second quarter.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

GlobalTranz

APRIL 8, 2015

The transportation management system, or often referred to as TMS, is a great example of how this technology is being used to create a more interconnected space both digitally and physically. This type of highly visible environment also allows data so that performance metrics can operate in a more efficient and powerful way.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

Supply Chain Game Changer

FEBRUARY 19, 2020

For example, if a package originates at Red Stag Fulfillment’s Knoxville warehouse, the origin ZIP code starts with 377. For example, a 5-pound package shipped by FedEx Ground costs $9.87 For example, FedEx has eight different zones for FedEx Ground and FedEx Home Delivery. For example, FedEx Ground charges $9.87

Negotiating Skills 96

Negotiating Skills Price Reduction Cost Reduction Strategies Shipping 96

Resilinc

MARCH 30, 2021

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. Reduction in Freight expediting. Reduced inventory levels. It starts with building a business case. BUILD THE BUSINESS CASE. Team efficiencies.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

Supply Chain Game Changer

OCTOBER 8, 2019

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. Why is this relevant?

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

Talking Logistics

DECEMBER 4, 2017

For example, I learned that there’s a difference between cement and concrete, even though many people use the terms interchangeably. Supplier Managed Inventory — that is, provide suppliers with real-time visibility to material consumption rates and inventory levels and have them manage replenishment automatically.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

BlueYonder

JANUARY 31, 2023

Salim: Because resilience is not about just carrying boatloads of inventory, we advise these companies to design their network and stage inventory at the right places in the network to minimize working capital and cash flow. Based on the disruptive events that we are seeing – from tariffs, NAFTA, Brexit, COVID-19, etc.

Automotive 85

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 85

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120