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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KPI 3PL Agile and Lean Supply Chain Negotiating Skills 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."

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization Agile and Lean 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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KPI Supply Chain Planning Supply Chain Supply and Demand 40

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.

Logistics Network Optimization Software 296

Logistics Network Optimization Software Supply Chain Planning Software Logistics Scenario Planning 296

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 115

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 115

SCMDOJO

JUNE 6, 2023

One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement. This customizable Excel tool provides a clear definition and measurement of KPIs, helping you keep your targets SMART and drive continuous improvement.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 90

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.

Optimal Sourcing 110

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Price Mitigation Strategies 110

Unleashed

JULY 23, 2023

You can calculate order cycle time using the formula: (Delivery Date – Order Received Date) / Total Number of Orders Shipped = Order Cycle Time This KPI reveals where you need to develop new strategies to improve the speed of your order fulfilment. Takt time Takt time is a KPI that helps set the pace of your manufacturing process.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Inventory Reduction Manufacturing 52

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.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Manufacturing Procurement Supply Chain Planning Software 287

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.

Optimal Sourcing 109

Optimal Sourcing Inventory Reduction Inventory Supply Chain Optimization 109

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 Supply Chain Design Supply Chain 170

ToolsGroup

JUNE 15, 2023

Seems our European attendees were much more interested in what our SCM wheel was predicting their top KPI might be! The ToolsGroup SCM wheel launched many great discussions around which KPIs attendees were most focused on to improve in 2023 and into 2024. In fact, on Tuesday the SCM wheel exactly matched the KPI goals for 18 attendees.

Gartner 293

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

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Also, establish regular reporting cycles and automated data capture to ensure timely and accurate KPI monitoring.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply and Demand Supply Chain Software Supply Chain Optimization 100

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.

KPI 76

KPI Supply Chain Network Software System Warehousing 76

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.

Supply Chain Planning Software 61

Supply Chain Planning Software Procurement Analytics KPI Supply Chain Software 61

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.

Supply Chain Planning Software 287

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Logistics Network Optimization Software 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.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Supply Chain Optimization 75

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.

Real-time Visibility 88

Real-time Visibility Supply Chain Software Supply Chain Optimization Supply Chain 88

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.

KPI 40

KPI Supply Chain Performance Supply Chain Software Analytics Software 40

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. .

Supply Chain 52

Supply Chain KPI Global Supply and Demand 52

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 Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 76

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.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Software Supply Chain Optimization Supply Chain Design 191

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 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.

Supply Chain Software 190

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain 190

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.

Supply Chain Strategy 65

Supply Chain Strategy Supply Chain Software Supply Chain Benchmarking 65

Precoro

JULY 16, 2023

Performance and Reliability of Contracted Suppliers This KPI is a reflection of how efficiently the company cooperates with the contracted suppliers. Emergency Purchase Rate This KPI helps purchasing managers measure how successful they are at handling unforeseen procurement needs. Is the budget negotiable?

Procurement Analytics 75

Procurement Analytics Pricing Training Purchasing Skills Purchasing Training 75

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.

Supply Chain Planning Software 296

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Agile and Lean Supply Chain 296

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.

Procurement Analytics 97

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 97

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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KPI Supply Chain Supply and Demand S&OP 80

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.

Warehousing 194

Warehousing Negotiating Skills Cost Reduction Strategies Inventory Reduction 194

Logistics Viewpoints

JUNE 7, 2023

Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies. And finally, how can retailers and logistics providers accurately capture data and act upon the insights they generate? Here are the key points from our discussion. You can watch the full interview below.

Cost Reduction Strategies 188

Cost Reduction Strategies Logistics Network Optimization Software Purchasing Skills Predictive Analytics Software 188

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 146

Third Party Logistics Logistics Network Optimization Software Negotiating Skills Logistics 146

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).

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 98

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.

Supply Chain 76

Supply Chain KPI Warehousing Supply and Demand 76

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.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

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.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

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.

Supply Chain Software 52

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain 52