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. Calculate the cost of carrying inventory with this equation: Cost of carrying inventory = Carrying cost/Overall inventory cost Cost per line This metric is the cost to receive a line item on a purchase order.

Warehousing 98

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

Jaggaer

MAY 21, 2025

These include drawing up policies, actions, targets, anticipated financial effects, metrics and risk assessment. The aims include reversing biodiversity loss through forest degradation within and beyond the EU and reducing CO 2 emissions caused by EU consumption and production by at least 32 million metric tonnes a year.

Procurement Analytics 52

Procurement Analytics Material Savings Sustainability Waste Reduction 52

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. Like all benchmarking and performance measurement processes, freight benchmarking can utilise a wide range of metrics, and the sheer abundance of KPIs can be overwhelming.

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

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

OCTOBER 12, 2020

In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.

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

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. These metrics provide quantifiable data that reveals the impact of stock balancing efforts and identifies areas for improvement.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

Taulia

NOVEMBER 2, 2020

While not exhaustive, together these two KPIs can give companies a clear picture of the level of invoice automation they have achieved. Two KPIs are better than one Often, companies only look at one of these two metrics – but in practice, it is important to measure progress in both of these areas.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

BlueYonder

OCTOBER 13, 2022

CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share. It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases.

Sourcing Strategies 98

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

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. Maybe you already have some supply chain KPIs , but are they aligned with your new strategy?

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 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

Unleashed

FEBRUARY 1, 2023

Demand planning must include a determination and recording of key metrics to track throughout the year. This ensures demand planning KPIs are achievable, particularly given the unstable current macro environment. Actual sales vs forecasts This metric is also known as ‘forecast error’. It’s the key reason for demand planning.

Supply and Demand 52

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

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

Logistics Bureau

OCTOBER 19, 2020

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Good Data is Key to Success with SCOR. Sometimes it’s Good to Look Inward Too. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

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

Supply Chain Matters

APRIL 28, 2023

When considering what to tackle first, businesses and their supply chain management and manufacturing operational teams should initially have a clear understanding of their supply chain and/or plant level metrics that need to be improved in both current and likely future business and performance needs.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 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). > Procurement – Metrics – Cost of proc/TC of raw materials. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

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.

Reverse Logistics 53

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 53

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

Intelligent Audit

OCTOBER 27, 2022

Analytics is an inherently scientific exercise, requiring a certain degree of training and expertise. Most shippers have metrics to monitor the standard Key Performance Indicators (KPIs) – spend, volumes, cost/shipment, cost/kg, cost/mile, etc. In short, do not restrict big data analysis to siloes.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Logistics Bureau

NOVEMBER 30, 2024

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. Some businesses overlook just how important their supply chain is to customer satisfaction.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Software 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 Order cycle time “Order cycle time is a great metric for businesses to track,” says Hugh. You have to be able to react to that.”

Manufacturing Procurement 52

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

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. Creating a customised set of KPIs that will drive relevant improvements. Tying employee performance management and incentives to the KPIs.

Supply Chain Design Software 40

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

Unleashed

SEPTEMBER 10, 2020

In this article we’ll first look at practical ways to measure productivity in the workplace, and then at some of the practical metrics and KPIs that help business owners and managers lift productivity. Our toy makers now have a valuable metric for understanding productivity in their factory. 6 practical productivity KPIs.

Material Savings 86

Material Savings Expense Reduction Waste Reduction Cost Reduction Strategies 86