Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

The Logistics of Logistics

OCTOBER 8, 2012

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Unleashed

DECEMBER 11, 2022

When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them?

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

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. KPIs Question 1. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Customer metrics. Of course.everyone.right?

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Intelligent Audit

NOVEMBER 3, 2022

On the transportation end of supply chains, shippers adapt to the transportation needs at any given time to ensure this part of the supply chain continues as well as possible. This is why transportation network optimization is important. What Is Transportation Network Optimization? Ready Your Data.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

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

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

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

Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. ” Purchasing – “The KPI most used in Purchasing Departments is Stock Turn.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

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

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. These metrics would, of course, be aligned and are updated every hour. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

ThroughPut

OCTOBER 20, 2022

Organizations can rapidly identify distribution routes that do not meet OTIF metrics, are congested, or are simply unprofitable – not only at the supplier level but also at the product and store level. to guide appropriate regional capacity requirements for both individual location and point-to-point requirements.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

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. Key Process Indicators vs. Metrics.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

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. Multi – channel capabilities : The WMS can manage inventory and orders related to both B2B and B2C simultaneously. The modern warehouse offers much more than basic storage.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Intelligent Audit

OCTOBER 27, 2022

To harness the power of big data analytics in transportation , companies also must integrate it with current systems. Inventory Predictions. Big data enables shippers to determine what and how much inventory they need to avoid stockouts or over-ordering. Transportation Spend Anomaly Detection. Behavior Analysis.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Locus Robotics

AUGUST 31, 2021

the ability to meet performance metrics, . Person-to-Goods (P2G) models are largely used for moving racks of inventory on a QR code-based grid to a human picker. The ability to effectively manage cycle times is a crucial KPI that collaborative robotics solutions can help achieve. the flexibility to scale to changes in demand, .

eBook 52

eBook Warehousing Modeling Vendor Strategies 52

QAD

SEPTEMBER 17, 2020

Next, we will provide an overview of the Purchasing Inventory Effectiveness Action Center as well as the associated key performance indicators (KPIs). Inventory is one of the most important assets a manufacturing company has to manage. KPIs on the Purchasing Inventory Effectiveness Action Center.

Procurement Analytics 65

Procurement Analytics Manufacturing Procurement Purchasing Skills Procurement Solutions 65

GlobalTranz

JUNE 14, 2017

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. 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. Vendor Fill Rate.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

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 168

Warehousing KPI Just-in-Time Inventory 168

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. Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). On time performance, 2.)

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. We will start by plotting that frontier per 2 dimensions.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

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

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Bureau

DECEMBER 20, 2016

It’s not that complicated, but there are three component areas that require a laser focus; inventory, policies, and planning. Let’s be clear about one thing; your company’s customers don’t care one little bit about your internal costs associated with inventory.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Logistics Bureau

NOVEMBER 15, 2021

Is your business one that operates distribution centres and other warehouse facilities to maintain control of inventory? As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

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.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement. What is receiving efficiency?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

The Lean Supply Chain

AUGUST 5, 2015

There are many more KPIs that can be added to this basic SLA agreement. There are many more KPIs that can be added to this basic SLA agreement. The more KPIs, the more difficult the negotiation process. Both parties will know how the partnership is moving along based on hitting the targets in this SLA/KPI document.

Negotiating Skills 40

Negotiating Skills Logistics Network Optimization Software KPI Six Sigma 40

BlueYonder

MARCH 25, 2022

Simply put you can’t manage what you can’t see and with the current environment not only do supply chains professionals need to see aspects like inventory and orders but also disruptions to predict their impact on the supply chain and be in a position to take mitigating actions. . How to Align Supply Chain Action to Your Business Strategy.

Modeling 94

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 94

Logistics Bureau

NOVEMBER 27, 2016

Suppliers are measured using factual performance indicators covering pricing, quality, innovation, and reliability , to name but a few of the measurement components included in the “McDonalds Supplier Performance Index,” as the suite of metrics is known. The Incredible Value of Crumbs.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Logistics Viewpoints

MARCH 4, 2021

On-time-in-full performance of suppliers and scorecards where multiple KPIs are combined. Customer Satisfaction scores side by side with the service level and availability metrics. On-time-in-full performance of distribution centers. Therefore autonomous planning should not be treated as just a black box running your operations.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Arkieva

MARCH 29, 2016

Over the last 5 years I have seen many companies launching inventory reduction programs. When launching an inventory reduction program, companies should be aware that inventory, as a part of Cash, should always be balanced with Cost and Service. They can increase the inventory and as such require more cash.

Cost Reduction Strategies 60

Cost Reduction Strategies Purchasing Skills Inventory Reduction Supply Chain Planning 60

Precoro

FEBRUARY 27, 2023

For instance, Spending as a Percentage of Revenue is an important metric that can showcase whether an organization spends more money while getting the same or even worse results than similar companies in the industry. There are plenty of KPI categories and types. Let's consider other relevant KPIs for spending analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52