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 96

Benchmarking KPI Supply Chain Strategy Supply Chain Software 96

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

Logistics Bureau

JANUARY 14, 2025

Then a cost allocation exercise took place to improve on the allocation methods used within the financial systems. This included site visits, workshops and the collection of financial, transactional and KPI information from GSK, and their third party logistics providers. The first part of the project was the data gathering phase.

Price Reduction 75

Price Reduction Cost Reduction Strategies Negotiate Pricing Sourcing Strategies 75

Logistics Bureau

FEBRUARY 28, 2019

If you want meaningful supply chain KPIs, you need to live with the numbers they reveal. I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. A more meaningful KPI would be to measure how many deliveries take place during the first hour of the time window.

Supply Chain Strategy 75

Supply Chain Strategy KPI Supply Chain Planning Supply Chain Software 75

Logistics Bureau

DECEMBER 6, 2024

Reverse Logistics Strategy 3: Make it Profitable It makes sense to run reverse logistics as a profit centre with corresponding KPI and metrics. Retailers have often been faster than manufacturers to move to the requisite technology. Speed will be an important factor. Design reverse logistics into operations.

Reverse Logistics 74

Reverse Logistics Logistics Network Optimization Software Vendor Strategies Cost Reduction Strategies 74

Zipline Logistics

FEBRUARY 16, 2021

Those who can exercise control and uncover visibility into key supply chain processes have begun to fare better than competitors. Often, healthcare shippers need greater supply chain visibility and KPI monitoring. What Can You Expect from a Logistics Partnership? . There are many benefits to the right logistics partnership.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction Third Party Logistics 90

6 River Systems

OCTOBER 19, 2020

Mapping your warehouse Mapping a warehouse is an essential exercise for determining what goes where and how operations are handled. Here are some of the most valuable KPIs for warehouse operations. If you achieve optimal performance for one KPI, move on to the next and seek other areas to improve.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

Jaggaer

MAY 21, 2025

It is thus an extensive list of risks over which procurement, as guardians of the extended supply chain, must exercise due diligence. Performance review and KPI tracking: Procurement KPIs, supplier audits, news monitoring etc. This cannot be done passively.

Procurement Analytics 52

Procurement Analytics Material Savings Sustainability Waste Reduction 52

Logistics Bureau

OCTOBER 12, 2020

If you want meaningful supply chain KPIs, you need to live with the numbers they reveal. I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. A more meaningful KPI would measure how many deliveries you execute during the first hour of the customer’s given time window.

Supply Chain Strategy 52

Supply Chain Strategy KPI Material Savings Supply Chain Planning 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Contracting / Award Pricing Terms and Agreement Service Level Agreement (SLAs) (E.g.,

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Material Handling & Logistics

DECEMBER 14, 2018

The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation. to anticipate conditions that signal an emerging demand spike.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Logistics Bureau

JULY 18, 2022

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. They can also aid you in identifying and implementing best practices to further your performance objectives.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 98

Taulia

NOVEMBER 2, 2020

In other cases, companies may focus on the second KPI while paying little attention to the first. And if suppliers are confronted with a cumbersome onboarding exercise, they will be less likely to follow the new processes. Consistent messaging across various levels and externally.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

RFgen

MARCH 10, 2025

Benefits of Effective Stock Balancing Effective stock balancing is more than just a logistical exercise; its a strategic lever that can significantly impact a companys bottom line and customer relationships. Inventory Turnover: This KPI measures how efficiently a company utilizes its inventory.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

BlueYonder

OCTOBER 13, 2022

It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases. Knowing your customers will give you greater confidence that you’re focusing on the right KPIs, which inform optimum volumes of products for your B2C operations.

Sourcing Strategies 98

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

SCMDOJO

JULY 3, 2023

Take into account elements like the length of the course, the mode of delivery (in-person, online, or mixed), the presence of interactive exercises or case studies, and the availability of opportunities for hands-on practice. Effective learning requires a well-structured curriculum that has a healthy mix of theory and practical practice.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Logistics Bureau

APRIL 4, 2022

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. As a quick and simple illustration of this, a road freight benchmarking project might require the use of the following KPIs: Freight cost as a percentage of sales.

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

Zipline Logistics

JUNE 15, 2021

Those that can exercise control and uncover visibility into key supply chain processes are shown to fare better than competitors. All consumer brands need increased supply chain visibility, track-and-trace applications, and KPI monitoring. The benefits of the right logistics partnership are numerous.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Optimal Sourcing 52

ThroughPut

MARCH 3, 2020

Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? That exercise should inform your next steps. Looking ahead, you’ll also want to think about where your new tech stack will be located —on-site; in a data warehouse; in a private, hybrid or public cloud; or some combination of those.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

ThroughPut

MARCH 3, 2020

Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? That exercise should inform your next steps. Looking ahead, you’ll also want to think about where your new tech stack will be located —on-site; in a data warehouse; in a private, hybrid or public cloud; or some combination of those.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

Unleashed

FEBRUARY 1, 2023

While this may have traditionally been a time-consuming exercise, AI tools can now use data sets to quickly identify products which are underperforming and should be considered for removal. The KPI can be set monthly, six-monthly, or annually as suits the business.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Supply Chain Game Changer

SEPTEMBER 30, 2020

You should use this KPI building exercise as an opportunity to align common goals within the broader business organization; taking into account the goals/performance indicators of sustainability, quality, risk, supply chain, production, marketing & sales in relation to the broader supplier base.

Procurement Analytics 64

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 64

KEPLER Consulting

NOVEMBER 24, 2017

Through this exercise, we clearly see how the essence of Supply Chain Management (systemic approach, vision sharing, animation principles…) is essential to face all challenges emerging. A simple mapping exercise reveals how complex SC became. And talent acquisition is a challenging exercise. STATEMENTS. #1

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 40

Logistics Bureau

JANUARY 20, 2025

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. They can also aid you in identifying and implementing best practices to further your performance objectives.

Inventory Reduction 40

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 40

Supply Chain Matters

APRIL 28, 2023

The most important consideration in this exercise is identifying, remediating and rationalizing constraints where it has the most influence toward overall plan performance. Once the business has an understanding of what KPI ’s and constraints they want to improve, digital tools can enable rapid optimization of operational processes.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Logistics Bureau

JULY 18, 2018

It makes sense to run reverse logistics as a profit centre with corresponding KPI and metrics. Unfortunately, it did not exercise the same skill and transparency in recalling its Motrin product in 2009, to the extent that congressional investigators became involved to find out what was going on. Speed will be an important factor.

Reverse Logistics 53

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 53

BlueYonder

MAY 14, 2015

A KPI framework supporting cross-functional performance measurement and tying strategic, tactical and operational KPIs impacted by the process changes. Point-of-View, Strategic Assessment and Business Diagnostic are three exercises which help companies embark on this journey, customized to their situation and process maturity level.

Supply Chain Strategy 40

Supply Chain Strategy Price Mitigation Strategies Supply Chain Software Supply Chain Optimization 40

Intelligent Audit

OCTOBER 27, 2022

Analytics is an inherently scientific exercise, requiring a certain degree of training and expertise. Artificial intelligence can detect the slightest new pattern in your transportation—data across any KPI—and makes you aware quickly before spending millions of dollars on a technical glitch or human error. .

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

NC State SCRC

JUNE 27, 2017

While this can be an interesting exercise, it oftens fails to answer the direct of question “how should the procurement process be improved?” They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). This is effectively a “snapshot” in time.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logistics Bureau

MAY 24, 2019

The Path to Cost Reduction: Following a SCOR supply chain benchmarking exercise, AGCO decided to approach its cost reduction and efficiency goals by blending new technology—in the form of a globally integrated transport management system (TMS)—with a commitment to form a partnership with a suitably capable 3PL provider.

Cost Reduction Strategies 77

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 77

ThroughPut

JUNE 24, 2022

Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? That exercise should inform your next steps. Looking ahead, you’ll also want to think about where your new tech stack will be located —on-site; in a data warehouse; in a private, hybrid or public cloud; or some combination of those.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Logistics Bureau

OCTOBER 19, 2020

It’s a strategy worth considering before looking at external benchmarking, because it might allow you to reduce the scope of an external benchmarking exercise, and narrow the gaps between your company and its peers. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Logistics Bureau

NOVEMBER 30, 2024

The major requisites for effective supply chain performance monitoring include: Starting with a benchmarking exercise to understand performance relative to the industry average and best-in-class companies.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Software 40

Infosys Supply Chain Management

JUNE 20, 2013

Following are some of the key considerations which I think an organization should make to reap benefits from an optimization exercise in Asset management. Companys managements view of Asset management as a mere liability creating exercise needs to change. You dont want to spend your energies on unimportant "Lots"!

Optimal Sourcing 25

Optimal Sourcing Asset Management Supply Chain Optimization Optimization Software 25

Logistics Bureau

JANUARY 2, 2025

So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. KPI dashboards and reporting: This is linked to tip #3 above.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Analytics Software Optimization Software Predictive Analytics Software 75

Logistics Bureau

OCTOBER 31, 2016

The major requisites for effective supply chain performance monitoring include: Starting with a benchmarking exercise to understand performance relative to the industry average and best-in-class companies. Creating a customised set of KPIs that will drive relevant improvements. KPI visibility is particularly important.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Strategy 40

Unleashed

NOVEMBER 20, 2023

One of my favorite geeky exercises to do is just to take a brand’s warehouse rate card and their invoice and then apply that to another warehouse’s rate card,” says Alex. “If Contribution margin “A key KPI for our clients is the contribution margin and the different levels of contribution margin that you can track,” Hugh says. “It’s

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52