GlobalTranz

OCTOBER 23, 2015

We continue our series on understanding the 3PL KPIs (Key performance indicators) from 3PL consultant, Chuck Intrieri of The Lean Supply Chain as it relates to the engagement with a 3PL. We began our series first writing about the 9 key broad and somewhat soft topics to understand in effective KPI Management. What is lacking?

KPI 120

KPI 3PL Supply Chain Planning Software Resource Reduction 120

Logistics Bureau

FEBRUARY 22, 2021

Delivered in full & on time (DIFOT) is a very important key performance indicator (KPI) but most people measure it the wrong way and that’s why I am going to explain what I think is the best measure. This KPI was the one that gave them the focus and the cross-functional collaboration that they needed. Order Entry Accuracy.

KPI 52

KPI Warehousing Benchmarking Inventory 52

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.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Brain

MARCH 13, 2024

Half of supply chain leaders surveyed say they’re already working on plans to implement GenAI in the next 12 months.

KPI 111

KPI Report Survey Supply Chain Planning 111

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."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Amware Logistics and Fulfillment

NOVEMBER 7, 2023

In this article, we look at why the order accuracy KPI is so critical, current standards for order accuracy, and how technology plays a role in driving this metric up and to the right. Order accuracy is a critical metric, but it’s far more than that. It's a pivotal factor in the overall customer experience.

KPI 117

KPI Metrics Warehousing 117

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.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 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.

Supply Chain Planning Software 296

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

ToolsGroup

DECEMBER 11, 2023

Perhaps the costliest data granularity mistake merely is focusing so much on optimizing the granularity of KPIs you currently measure that you fail to realize they are the wrong KPIs entirely. His primary KPI was product availability, and according to internal numbers, that had never changed.

Purchasing Skills 156

Purchasing Skills Optimal Sourcing Data Modeling 156

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 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Amware Logistics and Fulfillment

NOVEMBER 7, 2023

In this article, we look at why the order accuracy KPI is so critical, current standards for order accuracy, and how technology plays a role in driving this metric up and to the right. Order accuracy is a critical metric, but it’s far more than that. It's a pivotal factor in the overall customer experience.

KPI 62

KPI Metrics Warehousing 62

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

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 Network Optimization Optimization Software 287

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 KPI Supply Chain Design 170

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 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

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 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

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 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Silvon Software

APRIL 11, 2024

Here we outline a blueprint for developing an effective data analytics strategy, beginning with the careful selection and assessment of Key Performance Indicators (KPIs), the adoption of a centralized data hub to streamline data management, and a thoughtful, gradual expansion of data capabilities tailored to the organization’s strategic needs.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Silvon Software

SEPTEMBER 26, 2023

In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives. While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

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 Analytics Software Just-in-Time Modeling Software 40

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

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 Metrics Inventory Reduction 52

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 Scenario Planning 287

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.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

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.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

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.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

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 Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

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 Predictive Analytics Software KPI Optimization Software 88

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.

KPI 80

KPI Supply Chain Supply and Demand S&OP 80

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.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

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.

Benchmarking 74

Benchmarking KPI Supply Chain Supply Chain Performance 74

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.

Benchmarking 67

Benchmarking KPI Supply Chain Strategy Supply Chain Software 67

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. .

KPI 52

KPI Global Benchmarking Metrics 52

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.

Optimal Sourcing 296

Optimal Sourcing Supply Chain Planning Software Scenario Planning Global 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 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

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?

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

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.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194