Which Supply Chain Metrics Matter the Most?

Talking Logistics

When it comes to supply chain and logistics, figuring out the right approach to measuring performance is a challenge. Assuming you can start with a clean slate, are there any guiding principles to selecting the “right” metrics? Usually, there are three things that companies do wrong when trying to measure the performance of their organization,” said Jason Minghini, VP Best Practices at Kenco Group in a recent episode of Talking Logistics.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

Simply maintaining your goal patterns instead of gaining on your goals will keep your growth at a standstill if you don’t actively and routinely work to overcome it. As a leader, you need many tools to eliminate this mindset. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. If your team isn’t challenged to meet their goals, your bar is likely set too low. Measure to create value.

Insiders

Sign Up for our Newsletter

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

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. Knowing what and how to measure is the first essential step in management. This can also be applied to the delivery hours.

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Reason #3 Not having end-to-end supply chain visibility. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. You tell them that you expect an A in geography – and you don’t care what happens to their Math grade. Why do companies focus on reducing a specific metric? Find ways to reduce lead time.

Why You Should Embed Customer Service Metrics in Your Supply Chain

Speaker: Irina Rosca, Founder, sustainSCM and Director of Supply Chain and Customer Success Operations, Helix OpCo

Across industries, 81% of all customers attempt to take care of matters themselves before reaching out to a live representative. When there is so much information in customer feedback, why do supply chain managers leave such expensive insights on the table? Supply chain touches the product from conception until it arrives in the hands of the customer, and sometimes through the recycling process. Join Irina Rosca, Director of Supply Chain and Customer Success at Helix as she walks through the key questions to connecting the supply chain with the voice of the customer.

Implementing Omnichannel: How to Get Your Supply Chain Ready to Go Omnichannel

Cerasis

Rather than falling victim to the same problems, your organization should follow these tips to get ready for implementing omnichannel supply chain strategies. This means moving inventory to make it closer to markets where it is sells. Since using a store-as-a-distribution center is integral to keeping storage costs down in omnichannel, retailers should leverage technology and analytics to align inventory correctly.

How to Ship More Freight and Less Air

AFFLINK

Times are tough, which means that it may be time to start looking at how you can cut costs. If your logistics personnel aren't packing shipping and air freight containers effectively, then you're going to pay high shipping rates for nothing more than air.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

Lean 182

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. Knowing what and how to measure is the first essential step in management. This can also be applied to the delivery hours.

How to Capture Full Divestiture Value with a 3PL

Talking Logistics

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. A 3PL provider offers customers with outsourced, or “third party,” logistics services for part or all of their supply chain management functions. This tactic of ‘letting go’, is how many companies are growing, even thriving.

3PL 137

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

In a standard supply chain process, it has been observed by the economists the rising concern on climate change and growing pressure on the firms to decrease the carbon footprint. Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. How can companies enable Green Logistics?

How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. This is expected to widen to 9 to 1 in the years ahead.

Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

According to O*NET OnLine, a supply chain manager earns $103,530 per year in average. That''s why we decided to find out what the experts in the industry will say and the answers are listed in the order they were received in: 1) Bronwen Hann from Argentus Supply Chain Recruiting In my opinion, the single most actionable tip for landing a Supply Chain dream job is to put together an accomplishment-based resume. If you’re an inventory planner, how many SKUs did you manage?

How To 214

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. There are a number of challenges when adopting and deploying a data analytics solution, and it’s important for organizations to clearly define their goals and objectives before embarking on this endeavor. to P.O.D).

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. Knowing what and how to measure is the first essential step in management. Transit Time to Distance.

Is Seamless OmniChannel Possible? How to Avoid Supply Chain Technology Hiccups

Cerasis

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. Unfortunately, a lack of understanding in omnichannel supply chains has also led many companies to experience extreme issues in delivering on their promises. In fact, third-party companies already have the first step in the bag, and you need to understand why. Essentially, this lends itself to intelligent fulfillment.

How to Manage Global Supply Chain Relationships the Right Way

Supply Chain Opz

Companies are also recognizing they are no longer in direct competition with each other, but in a supply chain to supply chain based competition. To compete as an integrated supply chain, companies must better understand how to manage their relationships with their supply chain partners, whether they are suppliers or third-party logistics providers (3PLs). While this is an ideal set-up, in reality it is very hard, if not impossible, to achieve.

Global 152

How to Recruit and Organize Supply Chain Talent to Unlock Your Supply Chain’s Potential

Talking Logistics

Recently it seems that more and more organizations are recognizing that their supply chains are a key component to the organization’s success. From the increasing adoption of a chief supply chain officer at major organizations to discussions of legislative changes , the influence of the supply chain on competitive advantage is more recognized than ever. Not everyone has the necessary skills to be a successful supply chain design analyst.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S. Logistics

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Few events carry the notoriety of black swans, and the COVID-19 pandemic is the most unprecedented and disruptive event to affect supply chains in decades. Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. Everyone has access to some form of data, and every process generates more of it.

Survey: How to benefit from electronic invoicing

SupplyOn

automation and digital transformation, when it comes to invoicing, we still live in a mainly analogue, non-electronic, non-automated world. To gain a clearer picture on the real effects of e-invoicing, we conducted a scientific survey. The majority of the participants was handling invoice creation or processing in the accounting, procurement and logistics departments. Manual data transfer and media disruptions slow down the process and lead to an increasing number of errors.

How to Measure Supply Chain Performance

Material Handling & Logistics

All companies need to employ a performance measurement system to organize and manage their supply chain metrics. The appropriate metrics to manage and measure the success of a company’s operation vary significantly by industry, by individual company, and by the scale of the business. What does not vary, however, is the universal need of all companies to employ a well-structured, hierarchical framework to organize and manage their metrics.

Lean Logistics

LeanCor

Why is PDCA Important in Lean Logistics? In lean logistics (or any field), PDCA (Plan, Do, Check, Act) allows individuals and teams to thoughtfully review an operation for problems or opportunities, and experiment with ways to improve the situation. Most companies typically use metrics such as cost, quality, and delivery to track progress and assess improvements. Procedures: Standard work in lean logistics for how to report and correct problems and waste.

Lean 179

How to Maximize WMS to Increase E-Commerce ROI

Veridian Solutions

A key issue that comes to the forefront of any discussion on handling e-commerce demand will always involve warehouse management system (WMS) or other supply chain system upgrades. System upgrades are a terrific way to enhance productivity, increase efficiency, and provide real benefits to workers and stakeholders. Unfortunately, merely implementing a WMS itself is not enough to truly maximize its value. Changing state of logistics.

How to Benchmark?

Logistics Bureau

When we compare different levels of sophistication and performance in supply chains, we can identify particular levels that we think are important to achieve, or that represent typical performance levels for supply chains as a whole. Suppose you wanted to be the fastest runner in the world, for example. The first thing you’d want to know is “what is the benchmark?” meaning “what speed do I have to beat to be the fastest?” How Can a Business Start Benchmarking?

How to develop a competitive advantage through supply chain planning

6 River Systems

According to the market research firm, Gartner , “Supply chain planning (SCP) is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.” In the 70s and 80s, companies like Walmart and Dell crushed their competition by gaining a competitive edge in supply chain and logistics. How a business handles quick market shifts will determine its longevity.

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

How to Sell on Amazon! The Complete Guide!

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Jake Rheude at [link]. From clothing to electronics to toiletries, you can find almost anything on Amazon. Wondering how you can get in on the action? All you need is a small monetary investment to get started and the knowledge of how to run a successful listing. The benefits of selling on Amazon range from access to millions of customers to the ease of their platform.

How to Fix the Supply Chain Talent Shortage

Elementum

This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage. It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. Professor Richard Wilding spoke about a board game he developed with several companies, which focuses on educating young children about logistics and transportation.

8 Common Warehousing Mistakes and How to Avoid Them

Logistics Bureau

To say there is any one single way in which to manage a warehouse would be folly—much depends on the nature of the supply chain and of the warehouse itself. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. 2: Failing to Optimize Picking Paths. 3: Clinging on to Paper Processes. 4: Lack of Attention to Housekeeping.

Defining Your Own Logistics Competitive Weapon

Talking Logistics

For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center. Today, however, cost management is a given — it’s what every supply chain executive is expected to do. Therefore, how do you differentiate and make a larger impact on the organization? Take Amazon, for example, and how it leverages its Prime membership program as a competitive weapon. Who needs to be involved in the process?

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

Cerasis

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . Think about how your operation functions. Metrics and KPIs.

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. Some cite a lack of visibility or lack of control for reasons to not manage inbound logistics, and while proponents of “increased visibility” argue more information begets more effective inbound logistics strategy, its meaning gets lost in the murky waters of the internet.

3 Practical Metrics for Supplier Performance Evaluation

Logistics Bureau

For many organisations, the reality of supplier performance management is that time and opportunity to track and react to dozens of complex KPIs simply doesn’t exist. Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. Other Supplier Performance Metrics.

How to Fix the Supply Chain Talent Shortage

Elementum

This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage. It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. Professor Richard Wilding spoke about a board game he developed with several companies, which focuses on educating young children about logistics and transportation.