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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. Review Inventory turns and Return on Assets.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

The pandemic uncovered the dangers that a global crisis can pose to businesses when supply chains are not equipped to operate during crisis. Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Analytics for Diversifying the Supply Base.

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ToolsGroup Announces Significant Enhancements To SO99+ For Improved Supply Planning

ToolsGroup

The dynamic sourcing capability automatically smooths inventory targets day after day and ensures target service levels are achieved regardless of supplier constraints. Modularization enables engines like Stock-to-Service Curves to be provided as micro-services to other applications in the supply chain ecosystem.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome.

Gartner 235
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What is OTIF? Meaning, Calculation, & How to Improve

Unleashed

OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. However, OTIF measures the delivery performance of complete orders shipped on time, whereas OTD focuses solely on the timeliness of deliveries, regardless of order completeness.

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Vendor Managed Inventory (VMI): Advantages and Examples

Clear Spider

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits. Why Vendor Managed Inventory?