GlobalTranz

OCTOBER 23, 2015

We continue our series on understanding the 3PL KPIs (Key performance indicators) from 3PL consultant, Chuck Intrieri of The Lean Supply Chain as it relates to the engagement with a 3PL. We began our series first writing about the 9 key broad and somewhat soft topics to understand in effective KPI Management. What is lacking?

KPI 120

KPI 3PL Supply Chain Planning Software Resource Reduction 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

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

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 328

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 328

Logistics Viewpoints

JUNE 22, 2023

Adding this key performance indicator (KPI) to your supply chain allows businesses to measure themselves while being able to evaluate the performance of all the participants in the commerce ecosystem. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. How can an OMS help improve OTIF?

Supply Chain Software 263

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 263

ToolsGroup

JUNE 15, 2023

Andrea Fabro, Demand & Operations Planning Manager, illycaffè noted – “Our long-time partnership with ToolsGroup helped us deliver a superior consumer experience, even in the midst of the pandemic, and continues to sustain our high standards for customer satisfaction and efficient inventory management across our network.”

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 298

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 298

DELMIA Quintiq

JANUARY 11, 2021

In addition, vendor-managed inventory can be actioned where planners, suppliers and customers are connected to allow for more effective and collaborative planning and decision-making. This ensures that planners end up with the most optimal and efficient plan.

Modeling 268

Modeling Scenario Planning Optimization Modeling Supply Chain Optimization 268

Logistics Viewpoints

MAY 23, 2024

This involves setting up numerous parameters like lead times, inventory levels, production capacities, and demand forecasts, all of which must be adjusted for different scenarios. APS are complex, live production environments requiring extensive configuration to accurately model a business’s operational reality.

Modeling 313

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 313

GlobalTranz

JANUARY 4, 2017

Lean is DAILY continuous improvement, pull systems to reduce inventories (versus push that increases inventory), Lean Six Sigma to improve quality to.003 Leading/lagging indicators: KPIS for continuous improvement in problem/process issues; collaboration, transparency, and partnering. KPIs Question 4.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

ToolsGroup

MAY 16, 2023

Balancing Inventory Remains the Key to Customer Service and Profitability Although fast expansion remains a priority for some segments (like medical equipment), many of the supply chain executives we spoke to named inventory levels as their main concern. Fortunately, “service-driven planning” is already a proven theory.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

AIMMS

FEBRUARY 16, 2021

The top 3 bottlenecks companies experience tend to be poor internal alignment between departments, raw material and product availability, and inventory levels and management. Our solution enabled them to make KPI-based decisions, implement resilient optimization and smoothen exception management.

Modeling 311

Modeling Scenario Planning Supply Chain Planning Software S&OP 311

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Arkieva

JULY 9, 2020

Inventory management (IM) typically has a dual reality in any organization. Stand Alone Inventory Management (SAIM) is the traditional inventory management that immediately comes to mind which includes tasks such as good inventory data and reporting, safety stock, reorder, and measuring the inventory position against KPI.

Inventory Management Software 97

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 97

DELMIA Quintiq

AUGUST 13, 2014

Next, he translates the financial metrics into three measurements applicable to production: throughput, inventory and operational expense. He realizes that as long as throughput increases while inventory and operational costs decrease, the production plant will be profitable.

Scenario Planning 214

Scenario Planning Supply Chain Planning Software Predictive Analytics Software Expense Reduction 214

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Logistics Viewpoints

FEBRUARY 22, 2021

Govindarajan : Our previous Supply Chain Purchasing and Inventory Management tools were not enabling us to solve business challenges, we pivoted to Manhattan’s Demand Forecasting and Inventory Optimization software. Through Demand Forecasting and Inventory Optimization (DFIO), the tool provided all the capabilities in one spot.

Forecasting Software 48

Forecasting Software Supply Chain Planning Software Optimization Software Supply Chain Design Software 48

ToolsGroup

NOVEMBER 2, 2020

Ultimately, they were able to increase their statistical forecast accuracy by 3.2% (KPI: WMAPE) within six months of the French pilot project’s beginning. Read the full Melitta case study below. Read Case Study. Gartner: Keys to Solving the Top S&OP Challenges; Refreshed 29 October 2019, Published 12 June 2018.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

ToolsGroup

JULY 6, 2023

IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Logistics Bureau

FEBRUARY 22, 2021

Delivered in full & on time (DIFOT) is a very important key performance indicator (KPI) but most people measure it the wrong way and that’s why I am going to explain what I think is the best measure. Inventory Availability. The inventory people. Can you see why I absolutely love this KPI? Order Entry Accuracy.

KPI 59

KPI Warehousing Benchmarking Inventory 59

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

RFgen

MARCH 27, 2024

For any business that handles materials or fixed assets, inventory control is central to operational efficiency and customer satisfaction. To manage inventory efficiently requires technology. However, efficiency and optimization only come from advanced inventory control software. It’s a delicate balancing act.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Supply Chain Planning Software Resource Reduction 98

The Logistics of Logistics

JANUARY 26, 2016

Below are five KPIs to closely monitor in your warehouse: 1. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. When you can account for inventory down to the item, you can better respond to customer needs. Are you backlogged?

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 105

ThroughPut

MAY 7, 2025

Inability to Bridge the Gap Between Supply, Capacity, and Demand Legacy systems relied heavily on manual forecasts, leading to inventory misalignment, excess costs, and missed targets. Retail Planning Challenges Faced by the Client: Why AI Was Essential 1. Bottlenecks were identified early – before they escalated into problems.

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Case Study Waste Reduction Vendor Strategies Inventory Reduction 52

The Smart Software

JULY 16, 2024

In this blog, we will explore how organizations can achieve exceptional efficiency and accuracy with AI-driven inventory optimization. Traditional inventory management methods often fall short due to their reactive nature and reliance on manual processes.

Optimization Software 105

Optimization Software Supply Chain Optimization Inventory Reduction Price Mitigation Strategies 105

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. The post How to forecast inventory requirements appeared first on Smart Software. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate.

Forecasting 105

Forecasting Forecasting Software Inventory How To 105

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Silvon Software

JUNE 23, 2020

Remember that the KPI you want to measure today, may not be the one you want to measure tomorrow. Inventory Turns and Sales-to-Inventory Ratio. DSO also is part of the Cash-to-Cash Cycle Time KPI – a more complex KPI featured in many supply chain dashboards. DSO – Days Sales Outstanding. Perfect Order Rate.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

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.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 98

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. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 158

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 158

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 105

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 105

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. Molex Realizes it Needs Better Visibility. Molex has achieved a high level of maturity in this area.

Agile and Lean Supply Chain 277

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 277

The Smart Software

MARCH 26, 2024

This video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium.

Inventory 105

Inventory Inventory Management Software Video Supply Chain Planning Software 105

Supply Chain Opz

AUGUST 3, 2014

Suppose you want to buy the steel sheet products, the simplest KPI is "thickness tolerance" (say 0.5 4) Personal Metrics : Inventory Turnover Ratio is always assigned to an inventory controller (why not? 4) Personal Metrics : Inventory Turnover Ratio is always assigned to an inventory controller (why not?

Procurement Analytics 157

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Planning 157

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. It covers KPI selection, data analysis, and performance improvement strategies. However, another fantastic thing about this course is that it is FREE.

Optimal Sourcing 98

Optimal Sourcing Course Negotiating Skills Purchasing Skills 98