GlobalTranz

OCTOBER 21, 2015

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . How does an SLA work with Key Performance Indicators (KPIs)? The more KPIs, the more difficult the negotiation process. All KPIS have metrics to measure.

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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."

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Supply Chain Optimization Supply Chain Design Supply Chain Planning Supply Chain 120

Logistics Bureau

OCTOBER 9, 2017

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. You’ll hear a lot in different organisations about KPIs, but that doesn’t mean they are always used effectively. As the name indicates, KPIs concern “key” areas of the business.

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DELMIA Quintiq

DECEMBER 1, 2021

With KPI-based planning, your planners can minimize empty miles and identify the most efficient route plans, enabling your organization to make the same number of deliveries with less resources and fewer drivers. DELMIA’s Last Mile planning solution has helped many logistics companies handle high-volume operations with ease.

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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.

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Procurement Supply Chain Optimization KPI Supply Chain Strategy 117

Silvon Software

APRIL 8, 2022

In an effective KPI strategy, leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell them how they’ve done. I also suggest to our manufacturing clients that they keep the following basic principles in mind relative to their KPI strategies. Machine KPIs.

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Supply Chain Optimization Manufacturing KPI Inventory 111

Silvon Software

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

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DELMIA Quintiq

SEPTEMBER 16, 2021

It considers all your business- and KPI-specific constraints, including capacity planning and respective lead times, and allows your planners to conduct daily dynamic replanning based on all latest information regarding material and work order progress, resource shutdowns, achieved yields and more. “Be Brian Tracy, Author and Public Speaker.

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Silvon Software

APRIL 29, 2022

In an effective KPI strategy, we always recommend that leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell companies how they’ve done. Every inventory KPI needs a clearly defined goal. This KPI varies by company and industry, but in general a rate above 80% is good.

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Inventory Supply Chain Optimization KPI Supply Chain Strategy 111

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.

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Supply Chain Design Supply Chain Warehousing KPI 170

Americold

SEPTEMBER 24, 2020

Last month we detailed the Americold Operating System (AOS) – our unique business ecosystem – and the operational rigor it promotes among and between Americold’s network of integrated temperature-controlled warehouses. Read more here.

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DELMIA Quintiq

JUNE 30, 2020

KPI-specific planning The quality of the generated plan is measured against various company-specific KPIs, ensuring adherence to the most significant business goals. Sustainability-focused planning The solution supports management of electric vehicles and low-emission zones through CO 2 emission-based optimization.

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Supply Chain Planning Supply Chain Optimization Logistics Supply Chain Design 287

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Inventory KPIs and Metrics for Managing Supply Chain Performance.

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Supply Chain Strategy Supply Chain Planning Supply Chain Optimization Supply Chain 73

Requis

NOVEMBER 3, 2022

Enterprises need a KPI t hat transforms supply chain s to be more circular in resource consumption and management . The circularity ratio is the latest KPI which can revolutionize the circular economy. A simple, practical, easy-to-implement KPI is needed that promotes moving from linear waste systems to circular supply chains. .

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Supply Chain KPI Global Benchmarking 52

SupplyOn

JANUARY 23, 2018

Situations can be by far more complex or even worse: Such as when KPIs do not really measure things the way they should with regard to the strategic goals… But let us stop here for the moment. You know better than anyone else in your organization where you stand regarding the KPI Mille-Feuille. appeared first on SupplyOn.

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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.

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Supply Chain Design Supply Chain Planning Supply Chain KPI 74

GlobalTranz

JUNE 14, 2017

This is a simple key performance indicator (KPI), another name for metrics, to track. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. When considering the timeliness of a shipment in this KPI , you can derive an order completion metric. Inventory Accuracy.

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Logistics Bureau

MARCH 15, 2022

Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. KPI Key Performance Indicators in Supply Chain & Logistics. Know Your Supply Chain KPIs – Procurement. The Best KPI: The Probability of a Perfect Order.

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Logistics Bureau

NOVEMBER 8, 2021

But perhaps surprisingly, in our work, we come across a substantial number of businesses that struggle with KPI selection and use. If yours is not one of those businesses, and you’re confident in your KPI suite and the relevance of the data it provides, congratulations! What Makes a “Right” KPI? You’re in a good place.

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Supply Chain Strategy Supply Chain Benchmarking KPI 63

QAD

APRIL 18, 2023

The new feature that pushes supplier quality KPI data to Supplier Relationship Management (SRM) for supplier scorecards is also a major improvement, helping suppliers to track and manage their performance.

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Supply Chain Design Supply Chain Planning Supply Chain Supply Chain Disruption 73

The Logistics & Supply Chain Management Society

MARCH 14, 2023

CARRIERS SCORECARDS: PERFORMANCE INDICATORS Recognising the need and the importance of such measures, the shippers’ council launched the KPI in 2021. The KPI is a qualitative index (not a definitive scorecard) that provides an unbiased perspective to shape our logistics service providers’ mindset and actions.

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Procurement Logistics Supply Chain Optimization Supply Chain Strategy 130

DELMIA Quintiq

MARCH 4, 2021

It offers all supply chain partners new ways of collaborating, smarter methods for managing data, more actionable KPI monitoring and faster decision making based on simulating what-if scenarios, to keep pace with all changes in supply and demand.

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Logistics Bureau

AUGUST 2, 2021

Nevertheless, each of them has a valuable part to play in customer-focused performance measurement and is therefore worth including in your KPI portfolio. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on. Other Supply Chain KPIs Procurement Teams Should Track. Supplier Lead Time.

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Supply Chain Planning Supply Chain Strategy Supply Chain Procurement 96

Supply Chain Game Changer

MARCH 2, 2022

By improving last-mile visibility with cutting-edge analytics software, you can boost your business’ productivity and customer satisfaction and loyalty, as well as benefit from accurate KPI benchmarking. Accurate KPI benchmarking. Strong last-mile visibility also helps your business facilitate accurate KPI benchmarking.

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Precoro

OCTOBER 10, 2022

Procurement KPI Categories. Depending on their purpose, procurement KPIs can be divided into the following categories : Cost-saving KPIs: Procurement ROI, Cost Reduction, Cost Avoidance, Spend Under Management (SUM). Therefore, it works best when correlated with other KPIs to get a complete picture of your team's performance.

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Enchange Supply Chain Consultancy

MARCH 16, 2016

For a change, UK has been my base for a few weeks and even in that short time I have started to genuinely think I must now be a different nationality if not from a different planet. When my denim jeans rip at the knees it is time to throw them out. I do not have a badly drawn and inappropriately placed tattoo.

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Logistics Bureau

AUGUST 23, 2022

KPIs for Your Warehouse: How to Choose and Use Them. KPI Key Performance Indicators in Supply Chain & Logistics. A Concise Guide to Inventory KPIs for Your Business. 11 Golden Rules for Meaningful Supply Chain KPIs.

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ivalua

AUGUST 21, 2022

52% of procurement leaders in our survey point to the fact that their organizations do not provide the profession with incentives to reduce their carbon footprint – to the extent that sustainability is not even considered as a KPI. However, obstacles to meeting such pledges remain.

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Supply Chain Strategy Procurement Sustainability Supply Chain Design 240

GlobalTranz

JANUARY 4, 2017

Metric: Goal/KPI: Zero quality reports upon the receipt of goods at Warehouse or ultimate consumer; Embedded 3PL rep to help improve 3PL service by monitoring 3PL deliveries and daily service. Leading/lagging indicators: KPIS for continuous improvement in problem/process issues; collaboration, transparency, and partnering.

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Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Cash to Cash Cycle Time (Cash).

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Supply Chain Planning Supply Chain Supply Chain Performance 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 *.

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Supply Chain Planning Supply Chain Strategy Supply Chain Design Supply Chain Optimization 222

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.

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Logistics Viewpoints

APRIL 19, 2023

KPI dashboards to start measuring key supply chain KPIs such as excess inventory and stock-outs are important. Also in this step, to address data quality-issues and ensure they stay clean, you must implement master data diagnostics that assesses the fullness, quality and consistency of the data received every day.

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USC Consulting Group

SEPTEMBER 28, 2022

To achieve this, you need to constantly measure the performance of your supply chain using various Key Performance Indicators (KPIs). Thus, the importance of KPI in supply chain. There are several KPIs that a company can choose to measure depending on the crucial aspects of the business that it focuses on. Inventory turnover.

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Supply Chain Optimization Supply Chain Strategy Supply Chain Planning Supply Chain 40

Intelligent Audit

DECEMBER 10, 2020

That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. We will take a closer look at the leading throughput supply chain KPIs needed for success for this two-part series. The so-called perfect order metric is the ideal supply chain KPI.

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Supply Chain Optimization Supply Chain Strategy Supply Chain KPI 52

DELMIA Quintiq

JANUARY 14, 2014

In an article entitled ‘ Metric Strategies and Supply Chain Performance ’ Gilmore suggests that many companies have KPI targets that are too low. Assuming that all the right supply chain KPIs are in place, what kind of result should you be aiming for? It’s one thing to say that the present KPI targets are too low.

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Logistics Bureau

SEPTEMBER 28, 2021

Related articles on this topic have appeared throughout our website, check them out: 11 Golden Rules for Meaningful Supply Chain KPIs. KPI Key Performance Indicators in Supply Chain & Logistics. Those might be the best things to measure. Best Regards, Rob O’Byrne. Email: robyrne@logisticsbureau.com. Phone: +61 417 417 307.

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