KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. Supply Chain KPI. What’s a KPI, Anyway? You will use a KPI in the same way as your car’s speedometer.

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FMCG Supply Chain: KPI Scorecards - Don’t look back in anger

Enchange Supply Chain Consultancy

FMCG Performance Improvement KPI S&OP IBPFor 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.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

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. . It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. 9 Key Topics to Understand to Frame A Shipper's Mind for Effective KPI Management. Effective KPI Management Requires Periodic SLA/KPI Review.

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An Introduction to Some Supply Chain KPI Fundamentals

Logistics Bureau

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. Some KPI Examples. DIFOT (delivery in full and on time) is a typical example of a supply chain customer service KPI.

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The Best LTL KPI for Measuring Cost

The Logistics of Logistics

The best LTL KPI for measuring cost performance is cost per pound. The less than truckload (LTL) cost per pound KPI is easy to calculate (see below). LTL KPI – Cost per Pound Calculation. To calculate the cost per pound KPI, take the cost of the shipment and divide it by the shipment weight (pounds). The KPI gives the shipper an objective measure to compare freight rates, different weights, freight class, carriers and shipping locations.

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Change Supply Chain KPI’s to Drive Competitive Advantage

Logility

As companies mature and become more demand driven I think the nature of the departmental KPI will change. Use KPI’s as a key part of moving to a ‘demand driven’ process. ” Define how the KPI set connects vertically in the organization as well as horizontally.

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The Best LTL KPI for Measuring Freight Damage

The Logistics of Logistics

The best LTL KPI for measuring damaged shipments is simply the percentage of damage free shipments delivered. To minimize freight damage, begin measuring it with the damage free shipments KPI. LTL KPI – Damage Free Shipments. To calculate the damage free shipments KPI, simply divide the number of damage free shipments by the total number of shipments. Insights from Damage Free Shipment KPI. The higher chance for freight damage drives the need for this LTL KPI.

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The Best LTL KPI for Measuring On Time Performance

The Logistics of Logistics

The best LTL KPI for measuring on time performance is simply the percentage of on time shipments. LTL KPI – On Time Performance Calculation. To calculate the on time performance KPI, simply divide the number of on time shipments by the total number of shipments. Insights from On Time Performance KPI. The on time performance KPI will flag the late deliveries. Does your company use the KPI described above?

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The Best LTL KPI for Measuring Billing Accuracy

The Logistics of Logistics

The best LTL KPI for measuring billing accuracy is simply the percentage of accurate bills. Regardless of who does the freight bill auditing, shippers should measure billing accuracy with the LTL KPI described in this article. LTL KPI – Calculating Billing Accuracy. Insights from Billing Accuracy KPI. The post The Best LTL KPI for Measuring Billing Accuracy appeared first on The Logistics of Logistics.

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

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. You should also have a Modification Clause wherein you can modify the SLA/KPI/ Contract and Prices in 30-60-90 days. 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.

Supply Chain Performance: Budget Airlines and KPIs……

Enchange Supply Chain Consultancy

FMCG Dave Jordan Humour Performance Improvement Pharma KPI Supply Chain Supply Chain AnalyticsI have never been a fan of budget airlines and certainly not since one left me sleeping overnight in the back of beyond that is Luton Airport.

What's your KPI?

Infosys Supply Chain Management

Give personal bias a rest: Devising a KPI is a challenging affair, overcoming bias adds to the challenge. Be latest, context driven and improve continuously: A must thing I must say, gives you a chance to introspect and evaluate, something which is critical factor in success of any KPI. A continuous improvement plan will not only ensure the validity of the KPI in the changing business context but will ensure sustainable and credible model to follow.

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Global FMCG Supply Chain Transformed by Analytics

Enchange Supply Chain Consultancy

Customer service FMCG KPI Supply Chain Inventory Management & Stock Control Supply Chain AnalyticsThe Challenge A leading global FMCG company undertook an aggressive supply chain improvement programme across 150 markets.

FMCG Turn-around Intensive Care Recovery KPIs

Enchange Supply Chain Consultancy

FMCG KPI Supply Chain Cost Reduction Inventory Management & Stock Control balanced scorecard RecoveryOn a daily basis the amount of care we give to the human body is remarkably little.

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Service Level Agreement Defined

The Logistics of Logistics

Sometimes, the Logistics provider has their own SLA/KPI that they want to use with any customer, but negotiation is still in order. Some Logistics providers use time/percentages to implement the SLA/KPI based on the customer’s volume. An SLA/KPI is typically used when there is a Logistics provider contract to co-sign. How do you write an SLA/KPI? What sections are typically in an SLA/KPI?

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Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

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. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A Key Performance Indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for improvement.

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Supply Chains – A second look: What do all those initials really mean?

Enchange Supply Chain Consultancy

SKU FMCG Route to Market Dave Jordan KPI Traditional Trade S&OP Logistics Management Distribution Inventory Management & Stock Control

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FMCG Supply Chain Scorecard Performance Measurement: Del-Boy Style.

Enchange Supply Chain Consultancy

This is how the Trotters Independent Traders KPI Balanced Scorecard might look. FMCG Dave Jordan Humour Performance Improvement KPI Supply Chain

Supply Chain: Communication teases out scorecard improvement

Enchange Supply Chain Consultancy

FMCG Performance Improvement KPI CommunicationWhen I used to spend far too much of my life flying around the globe I did my best to avoid cabin chat with fellow passengers. That may sound a bit miserable but I just needed some sleep before arriving at the next FMCG supply chain challenge.

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Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

Much like the “in the green”/”in the red” problem cited above, if they feel like they’re getting called out for every KPI discussion, they’re not going to be very forthcoming. KPI discussion needs to be an ongoing conversation, not a once-a-month meeting fraught with concern and disappointment. Guest Commentary Guest Commentary - Kenco Group Warehouse Management continuous improvement Kenco Group KPI supply chain metrics warehouse management

Do Returns Impact My Forecast Error Calculation Negatively?

Arkieva

Forecasting forecast accuracy kpi forecast bias calculation Forecast error calculation how to calculate mape in excel measuring forecast accuracy best practices types of forecasting errors what is a good mapeShould you factor returns in your forecast error calculation? In this article, we’ll use a sample data set, to demonstrate if you should consider returns when calculating your forecast errors. Do Returns Impact My Forecast Error Calculation Negatively?

MIssion Critical KPI’s: How to Keep a TMS Implementation on Track

Logistics Viewpoints

We determined that the providers must use a set of criteria and KPI’s to make sure that the project stays on time and on budget. […]. I have been conducting a lot of research around TMS applications recently, and my colleague Steve Banker and I began to discuss how TMS providers keep their implementations on track. Just for Fun Transportation Management Systems

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The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

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. Logistics Key Process Indicators (KPI). Highly effective 3PLs have developed the right habits, culture and processes to deliver excellent service to their clients. Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling.

Sales & Operations Planning (S&OP) KPI Scorecard Improvement

Enchange Supply Chain Consultancy

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Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

Guest Commentary Guest Commentary - BluJay Solutions Transportation Management benchmarking global trade network KPI logistics routing guide tender acceptance transportation managementYour supply chain’s key performance indicators support tactical, day-to-day business decisions, so ensuring you are reading them correctly is imperative. The question becomes, “how are you comparing your transportation metrics to what’s happening around you?”

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Editor’s Pick: Updating Your Planning Strategies to Industry 4.0

Talking Logistics

KPI QuintiqNote: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. Today’s post is by Kris Kosmala from Quintiq where he shares four takeaways and recommendations to succeed in today’s more digital and automated business environment. In “ It’s the era of Industry 4.0.

FMCG Performance Scorecard: Not seeing the wood for the trees!

Enchange Supply Chain Consultancy

This week I have been helping a regional FMCG company define a corporate KPI Performance Scorecard. FMCG Dave Jordan Performance Improvement KPI Supply ChainWhen travelling, my personal preference is to take only one plane to my final destination.

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LTL Carrier Scorecard with Key Process Indicators (KPIs)

The Logistics of Logistics

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. A key process indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for improvement. To measure success in these four areas, a simple, transparent KPI is created for each attribute. The KPI information should be sorted by the carriers used.

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Webinar: Using LTL Key Process Indicators (February 27, 2013)

The Logistics of Logistics

In this free webinar, participants will learn a methodology for using LTL key process indicators (KPIs). The LTL key process indicators are used to measure and then improve LTL carrier performance. Participants will learn specific actions for reducing costs, billing errors, and damaged shipments. The webinar will also cover ways to improve the number or on time shipments and improving customer service. Webinar topics will include: 1.)

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Webinar: How to Measure LTL Carrier Performance and Save Money (November 21, 2012)

The Logistics of Logistics

Key process indicators (KPI) for the most important aspects of LTL shipping. In this free webinar, participants will learn a methodology for measuring LTL carrier performance. They will also learn specific actions for reducing LTL carrier shipping costs. Webinar topics will include: 1.) Actions to improve on time performance, and billing accuracy while reducing cost and damaged shipments. The methodologies that will be described in the webinar will be simple and proven.

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How to Establish Early Warning Supply Chain Metrics

Arkieva

Supply Chain Supply Chain Metrics Metric used to measure Supply Chain Performance Supply Chain KPI List Supply Chain Metrics DashboardIn recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains. The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics.

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

Demand-Driven Manufacturing Metrics demand-driven manufacturing KPI measurement operating expense production dataPart one of a multi-part series to help you measure your production efforts wisely.

Beyond Operational Metrics: Why Measuring Employee Interpersonal Performance is Also Important

Talking Logistics

Leadership Development Past Episode balanced scorecards dashboards Decision Wise interpersonal performance KPI operational metrics performance reviews Tracy Maylett Companies spend a lot of time and energy measuring operational metrics, the “what” of supply chain performance, but they generally fail to measure the “how” aspects of performance –i.e., the interpersonal skills of employees that also play a critical role. In this episode, Tracy Maylett , Ed.D,

5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System

Arkieva

Supply Chain Supply Planning importance of supply chain performance measurement supply chain kpi performance indicators supply chain performance indicators supply chain performance management supply chain performance measurement supply chain performance metricsSetting up a supply chain performance measurement system? Here are 5 things to know 5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System was first posted on August 14, 2017 at 2:45 pm. ©2017

The Top Supply Chain KPIs to Know

Cerasis

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. Calculate the perfect order KPI by multiplying the , the complete order percentage, damage-free percentage and accurate invoicing percentage together. To calculate the perfect order percentage, one must understand the on-time KPI.

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5 Keys to Implementing Improvement Initiatives

The Logistics of Logistics

Logistics Management 5 keys to Implementing Improvement Initiatives continuous improvement Implementing Improvement Initiatives improving logistics improving operations improving supply chain Joe Lynch KPI lean lean six sigma Matt Fouts metrics six sigma successful change transformation Every industry seems to have its silver bullet for creating improvement.

Unilever wants to improve its planning and differentiation

Supply Chain Movement

Growth as a KPI. Trends collaboration Differentiation Harm van Tongeren KPI’s Nestlé planning Procter & Gamble SAP Unilever Vincent WeijersA supply chain is never ‘finished’, and especially not at Unilever.

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