ToolsGroup

DECEMBER 11, 2023

In my supply chain work at Evo , for example, it’s still impossible to forecast daily sales per SKU. We aim to achieve the correct data granularity not to optimize any specific KPI performance but rather to recognize patterns in the data that deliver actionable and valuable insights. Take an example from my colleague.

Purchasing Skills 156

Purchasing Skills Optimal Sourcing Data Modeling 156

Logistics Bureau

OCTOBER 9, 2017

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. You’ll hear a lot in different organisations about KPIs, but that doesn’t mean they are always used effectively. Some KPI Examples. I hope his answers help you.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 40

GlobalTranz

DECEMBER 8, 2017

The perfect order KPI tracks the overall accuracy and timeliness of each shipment. Perfect Order KPI = On-Time Delivery and Shipment KPI x Complete Order Percentage x Damage-Free Percentage x Accurate Invoicing Percentage. To calculate the perfect order percentage, one must understand the on-time KPI.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software KPI Supply Chain Design 170

Silvon Software

SEPTEMBER 26, 2023

In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives. 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.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

Silvon Software

APRIL 8, 2022

In an effective KPI strategy, leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell them how they’ve done. I also suggest to our manufacturing clients that they keep the following basic principles in mind relative to their KPI strategies. Machine KPIs.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

Logistics Bureau

OCTOBER 20, 2021

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. In full delivery: This KPI tracks the percentage of sales orders that are delivered completely, meaning that the customer receives the correct items, in the right quantities. x 0.96 = 0.8661.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Requis

NOVEMBER 3, 2022

Enterprises need a KPI t hat transforms supply chain s to be more circular in resource consumption and management . The circularity ratio is the latest KPI which can revolutionize the circular economy. For example, tremendous rhetoric complicates initiating sustainability programs and avoiding greenwashing.

KPI 52

KPI Global Benchmarking Metrics 52

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Also, establish regular reporting cycles and automated data capture to ensure timely and accurate KPI monitoring.

S&OP 93

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

Logistics Bureau

AUGUST 2, 2021

Nevertheless, each of them has a valuable part to play in customer-focused performance measurement and is therefore worth including in your KPI portfolio. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on. Other Supply Chain KPIs Procurement Teams Should Track. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

DELMIA Quintiq

JANUARY 14, 2014

In an article entitled ‘ Metric Strategies and Supply Chain Performance ’ Gilmore suggests that many companies have KPI targets that are too low. Assuming that all the right supply chain KPIs are in place, what kind of result should you be aiming for? Take, for example, a field service company. Even when it isn’t.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 222

Silvon Software

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

Supply Chain Movement

FEBRUARY 15, 2024

Analyst firm Gartner makes the latter trend more concrete by predicting that half of all companies will adopt generative AI for the supply chain in 2024, in particular for generating additional software code, creating KPI dashboards and utilizing internal chatbots. And what if this prediction does not come true?

Predictive Analytics Software 78

Predictive Analytics Software Gartner Agile and Lean Supply Chain KPI 78

The Logistics of Logistics

OCTOBER 8, 2012

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Logistics Bureau

NOVEMBER 8, 2021

But perhaps surprisingly, in our work, we come across a substantial number of businesses that struggle with KPI selection and use. If yours is not one of those businesses, and you’re confident in your KPI suite and the relevance of the data it provides, congratulations! What Makes a “Right” KPI? You’re in a good place.

Benchmarking 67

Benchmarking KPI Supply Chain Strategy Supply Chain Software 67

Logistics Viewpoints

JANUARY 18, 2024

AI algorithms process this vast amount of data for root-cause analyses and alerts, for example, lower UARs than expected, high forecast bias, and low forecast value-add. These insights result in input data corrections, algorithm enhancements, process improvements, and KPI target changes.

Supply Chain Software 247

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 247

ToolsGroup

NOVEMBER 2, 2020

For example, within an audit workflow multiple stakeholders across various regions can apply detailed market knowledge specific to their regions to the demand baseline forecast for a more accurate result. ToolsGroup supported MSE’s other key priority: seamless collaboration between stakeholders. Read the full Melitta case study below.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Logility

AUGUST 18, 2023

For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. Communication Gap Without an effective communication bridge, crucial insights from the supply chain may not reach the executive suite.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

The Logistics of Logistics

APRIL 6, 2013

It states that certain KPIs in this QBR are to be negotiated/reviewed monthly. Sometimes, the Logistics provider has their own SLA/KPI that they want to use with any customer, but negotiation is still in order. Some Logistics providers use time/percentages to implement the SLA/KPI based on the customer’s volume.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

The Logistics of Logistics

FEBRUARY 15, 2013

A highly effective 3PL will use key process indicators (KPIs) to monitor logistics performance. A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Logistics Key Process Indicators (KPI).

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

SCMDOJO

OCTOBER 7, 2022

Logistics KPIs (Key Performance Indicators) measure how well an organization logistics function is performing. Logistics KPIs examples can vary from Basic 5 Logistics KPIs to a detailed list of 47 , which you can get from here. One drawback of Cost KPIs is that it is inversely proportionate to Quality KPIs.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

DELMIA Quintiq

DECEMBER 23, 2014

KPI-based planning: It’s easier than you think. Tip 7: Optimize plans based on critical KPIs. For example, if a higher yield is required, your planners should be able to tweak the optimizer to achieve that. Tip 8: Define KPIs that link planning decisions with business goals.

Modeling 299

Modeling Supply Chain Planning Software Inventory Reduction Scenario Planning 299

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. CARRIERS SCORECARDS: PERFORMANCE INDICATORS Recognising the need and the importance of such measures, the shippers’ council launched the KPI in 2021.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Total Supply Chain Cost. Procurement Cost. Cash to Cash Cycle Time (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

GlobalTranz

JANUARY 4, 2017

In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. Metric: Goal/KPI: Zero quality reports upon the receipt of goods at Warehouse or ultimate consumer; Embedded 3PL rep to help improve 3PL service by monitoring 3PL deliveries and daily service.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

DELMIA Quintiq

MAY 14, 2018

For example, a company might state that they are aiming to reduce the carbon footprint of their operations by 20% within five years. Two other prominent examples are Target and Zara. This is done through KPI (key performance indicators) tracking, advanced mapping as well as data integration & propagation. What’s next?

Sustainability 136

Sustainability Resource Reduction Vendor Strategies Retail 136

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. KPIs are often based on average performance levels.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

DELMIA Quintiq

MAY 17, 2023

For example, a route that is optimized such that a truck needs less travelled distance to deliver the same number of packages, or a production system that saves energy by more efficient batching of products in furnaces. Improving sustainability of a process starts by quantifying and measuring indicators, for example the amount of CO2 emitted.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

Silvon Software

MARCH 3, 2023

Following are just a few examples of how measuring on-time delivery can be difficult: Volume of ordered goods. For example, if your company is a producer of fresh foods, forecast accuracy is critical to avoiding waste and the costs associated with it. logistics firms).

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

SCMDOJO

JUNE 1, 2023

For example, if you are aiming to become a supply chain manager, focus on that objective, that you want to be an end-to-end supply chain manager – what do you want to gain from this role and what will you bring to it. Every successful candidate will need to be trained and time and money is invested in them. How can you do this? Use S.M.A.R.T.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 111

Logility

AUGUST 14, 2023

Master data, for example, provides a foundation for understanding how and what to measure for a particular supply chain and what is possible to measure for a particular technology implementation. To set achievable expectations, it’s important to identify an accurate and realistic baseline against which to draw KPI measurements.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

The Logistics of Logistics

JANUARY 26, 2016

Inventory tracking software is an excellent way to keep a close eye on inventory and measure it as a KPI. To meet your KPI goal, do periodic inventory audits to see how they measure against routine tracking. Similarly, storage itself is an important KPI for improving warehouse management practices. Employee Turnover.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Precoro

OCTOBER 10, 2022

Procurement KPI Categories. Depending on their purpose, procurement KPIs can be divided into the following categories : Cost-saving KPIs: Procurement ROI, Cost Reduction, Cost Avoidance, Spend Under Management (SUM). Therefore, it works best when correlated with other KPIs to get a complete picture of your team's performance.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Silvon Software

JUNE 23, 2020

Remember that the KPI you want to measure today, may not be the one you want to measure tomorrow. DSO also is part of the Cash-to-Cash Cycle Time KPI – a more complex KPI featured in many supply chain dashboards. I address this particular KPI is more detail later below. Sales to Forecast and Sales to Outlook.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

BlueYonder

APRIL 9, 2024

Each of these individual elements tick the parallel KPI boxes of saved money, lower emissions, and improved customer satisfaction. This reporting capability also informs further investments for the future, knowing with surety that electric trucks, for example, will have a positive effect on overheads, as well as net zero goals.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

The Logistics of Logistics

FEBRUARY 16, 2013

The best LTL KPI for measuring cost performance is cost per pound. The less than truckload (LTL) cost per pound KPI is easy to calculate (see below). Logistics Key Process Indicators (KPIs). LTL KPI – Cost per Pound Calculation. LTL KPI – Cost per Pound Calculation. Example: $507.34 divided by 1440 lbs.

KPI 100

KPI Cost Reduction Strategies Third Party Logistics Metrics 100

EazyStock

JANUARY 31, 2022

Inventory Management KPIs – Examples for Effective Inventory Analysis. This KPI analyzes how accurate your forecast was against actual sales. This inventory KPI keeps track of the number of delayed orders due to stockouts. More efficient warehouse and inventory management processes will help improve this KPI.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

ivalua

OCTOBER 22, 2020

More advanced Procurement organizations are regularly measuring this as a KPI and good Procure-to-Pay systems are a must. For example, successfully meeting CSR objectives such as reducing the coporate carbon footprint or preventing child labor in the supply chain depends on the ability to direct purchases to properly vetted suppliers.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147