Logistics Bureau

OCTOBER 20, 2021

While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action. The 6 Most Useful Supply Chain KPIs.

Supply Chain Design Software 80

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. This can include examining everything from inventory management and order fulfilment to warehousing, delivery, and customer service. Optimizing inventory can also be achieved by leveraging technology and data analytics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Unleashed

DECEMBER 11, 2022

When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them? High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

GlobalTranz

JANUARY 19, 2018

You need to monitor inventory turnover, the carrying cost of inventory and the average inventory value, explains Paul Trujillo of Business 2 Community. The dependent values in these KPIs are derived from the following formulas: Inventory Turnover = The Cost of Total Goods Sold During a Period / Average Inventory Value.

Supply Chain Design Software 143

Supply Chain Design Software Supply Chain Planning Software Warehousing Supply Chain Software 143

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. Lean is DAILY continuous improvement, pull systems to reduce inventories (versus push that increases inventory), Lean Six Sigma to improve quality to.003

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

crisp

DECEMBER 15, 2021

A good KPI to track for this goal might be a low out of stock (OOS) rate. But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. Once you’ve set your strategy and KPIs, it’s time to use process mapping to define the steps that will help you achieve those goals.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Examples of such analyses include the performance of a supply chain or the inventory levels of a warehouse.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Intelligent Audit

OCTOBER 27, 2022

But companies can also mine data for meaningful insights and use the information gleaned from it to make better business decisions. To harness the power of big data analytics in transportation , companies also must integrate it with current systems. Inventory Predictions. Transportation Spend Anomaly Detection.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

ThroughPut

OCTOBER 20, 2022

“With our new geospatial capabilities, you effectively get a prioritized plan of action that helps you accomplish more with less to free-up precious capital and physical room for smoother material flow and better inventory turns of what actually sells well at the most profitable levels. PR Contact. Tina Jacobs. pr@throughput.ai.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands. What is demand planning?

Supply and Demand 52

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

Savi

OCTOBER 29, 2019

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. This shift is hard to handle because the CPG industry spends at least 5% of revenue on transportation.

Packaging 45

Packaging Real-time Visibility Analytics Software Internet of things 45

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. Transportation is measured just as a cost rather than what it does for the rest of the organization.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Order status : As orders are received, their shipment status and parcel tracking information can be viewed in real-time. The modern warehouse offers much more than basic storage.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

EazyStock

SEPTEMBER 25, 2018

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. EazyStock – Inventory Optimization Software. Fancy KPI dashboards show you how you are stacking up month to month and call out areas where there is room to cut costs.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

The Logistics of Logistics

JANUARY 24, 2013

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). 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. Check out another great KPI definition at About.com.

Logistics Network Optimization Software 176

Logistics Network Optimization Software KPI Logistics Metrics 176

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

The Logistics of Logistics

JULY 14, 2013

To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. KPI is an acronym for key performance indicators (or key process indicators). Ideally, the KPIs chosen will align to the most important deliverables in your warehouse. Transportation.

Warehousing 169

Warehousing KPI Just-in-Time Inventory 169

Supply Chain Opz

JUNE 1, 2014

The reason why they can do this is that customized products are sold directly to customers so they have the higher profit margin to compensate the higher transportation cost. Managing transportation at this scale is the absolute challenge. The answer is that they use the multi-echelon inventory model to solve the problem.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

GlobalTranz

FEBRUARY 16, 2015

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years.

Transportation Management 120

Transportation Management Supply Chain Network Software Expense Reduction System 120

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

RFgen

AUGUST 10, 2023

In a fast-paced warehouse, the need for real-time information extends to every aspect of operations. Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS).

Real-time Visibility 82

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 82

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). The best KPIs for measuring these four attributes are: 1.)

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

DELMIA Quintiq

SEPTEMBER 16, 2021

When disruptions like unexpected shortages, scheduling slip-ups or inefficient resource allocations occur, MPS offers the ability to quickly react to changes in inventory and evaluate different alternatives for optimal production scheduling. DELMIA Quintiq Master Production Scheduling (MPS).

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Requis

JANUARY 9, 2020

In most of the supply chain trends articles you’ll read this month, there’s a lot of excitement about technologies like AI, IoT, blockchain, and in some sectors, BIM (building information modelling). Imagine a production line in which every piece of equipment transmits information about its current status.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 52

6 River Systems

FEBRUARY 22, 2019

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system. Once the method is working, standardize it. Robin Schwartz, PHR.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Logistics Bureau

JULY 18, 2018

They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. It makes sense to run reverse logistics as a profit centre with corresponding KPI and metrics. They may have ordered more than they need. They may have simply changed their mind. Speed will be an important factor.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

Logistics Bureau

JANUARY 3, 2018

It’s been less than a decade since big-budget, rugged mobile devices began to penetrate the warehouse and transport operations of large enterprises. Pressure from employees who desire mobile access to business information systems. Enterprise mobility has come a long way in just a few short years.

Supply Chain Design Software 64

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 64

GlobalTranz

JUNE 14, 2017

Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. Forecasting Accuracy KPIs.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

The Logistics of Logistics

NOVEMBER 12, 2021

Matt is the VP of Sustainability and Innovation at Covenant Transport Services , a premium service provider of transportation services with focus on temperature controlled products, regional, and long haul delivery. Covenant Logistics provides transportation and logistics services in the United States. About Matt McLelland.

Sustainability 130

Sustainability Logistics Network Optimization Software Inventory Reduction Supply Chain Software 130

SCMDOJO

MARCH 25, 2022

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. The First: The Transportation Era (1950s). The Fourth: Transportation, Deregulation, Physical Distribution and Business Logistics (1980s). The 1950s – The Transportation Era. .

Supply Chain Planning Software 131

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 131