Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

EazyStock

JANUARY 31, 2022

Ensure KPIs all contribute towards your organization’s strategic goals whether these are customer service targets, growth strategies or profitability objectives. Don’t forget once your KPIs are in place, they need to be tracked and communicated on a regular basis across your business. Backorder rate. Order cycle time. Rate of return.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Unleashed

FEBRUARY 1, 2023

Effective demand planning should also help avoid the so-called ‘bullwhip’ effect, which occurs when there are unexpected fluctuations in retail demand , which then ricochets down the supply chain and potentially creates major flow-on problems. Actual sales vs forecasts This metric is also known as ‘forecast error’.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ShipBob

SEPTEMBER 24, 2021

In this article, learn how to track warehouse performance by monitoring the right KPIs. What are warehouse key performance indicators (KPIs)? Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. Saves retailers money. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Zipline Logistics

JUNE 15, 2021

Because of the changes to the retail and CPG industries, forward-thinking sporting goods shippers are looking to logistics as a differentiation strategy. Successful consumer goods organizations of all varieties now have a common attribute—a retail optimized supply chain. They can deliver several advantages to sporting goods shippers.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Optimal Sourcing 52

GlobalTranz

JUNE 14, 2017

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. Other Critical OmniChannel Supply Chain Metrics to Track.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. As with B2C distribution, orders from retailers and other B2B customers will feed into the 3PL’s WMS. Two areas that should be of interest are continuous improvement and KPI management.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Supply Chain Matters

APRIL 28, 2023

When considering what to tackle first, businesses and their supply chain management and manufacturing operational teams should initially have a clear understanding of their supply chain and/or plant level metrics that need to be improved in both current and likely future business and performance needs.

Supply Chain Planning Software 52

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ThroughPut

OCTOBER 16, 2022

All essential data points including product, suppliers, procurement, purchases and sales can be tracked from the inventory management system and the inventory goals can be further used to categorize inventory metrics. Key Pillars of Supply Chain Inventory Optimization. DEMAND FORECASTING. LACK OF AUTOMATION.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Unleashed

JANUARY 10, 2023

Or, if you’re a middle-man retailer or wholesaler, how you manage your warehouse. Either way, the first thing you should do is establish metrics and KPIs. Production optimisation Production optimisation is where you look at the internal supply chain. That’s right: your own production process.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Opz

JUNE 1, 2014

The last supply chain case study in the fashion retailing industry is Adidas. Supply chain strategy of the fashion retailing industry is summarized as below, Supply Chain Strategy in Fashion Retailing Industry FMCG industry is typically the products sold to customers at a low cost and will be completely consumed within 1 year.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

ShipBob

APRIL 13, 2021

However, there is a wide range of metrics that you should be tracking to help your online store grow. In this article, gain a deeper understanding of the ecommerce KPIs that every online store needs to track to achieve specific strategic goals. What are ecommerce KPIs? Why ecommerce performance metrics are important.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Collaborate Cloud

FEBRUARY 23, 2016

With its constant focus on increasing sales and retaining customers, retail is one of the most competitive sectors in business. That’s why retail organizations need to know the ins-and-outs of their day-to-day business to stay ahead of the game. Revenue and growth. Business performance is about managing budgets and expectations.

Retail 40

Retail Pricing Training Predictive Analytics Software Procurement Analytics 40

Logistics Bureau

JULY 18, 2018

They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. US retail pioneers Sears and J.C. In addition, returns typically cost more to handle than outbound shipments – 3 to 4 times more for traditional retail companies, for example. Forecast demand better.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

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. How to measure OTIF: OTIF measurements pose challenges for organizations regardless of their type or industry.

Supply Chain Software 189

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 189

Vinculum

DECEMBER 27, 2021

It’s pretty baffling to look into each KPI to have a note of it. To avoid such a lengthy process, we have jotted down a few KPIs to figure out the multi-channel sales pattern and strategies. Let’s explore each metric in detail and get a brief idea about the same. Channel-wise performance. GMV regularly.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Strategy Price Mitigation Strategies 52

6 River Systems

OCTOBER 19, 2020

In fact, the National Retail Federation (NRF) found that 75% of consumers expect delivery to be free even for orders under $50. Shipping costs are such an influential factor in buying decisions that 65% of consumers look up an online retailer’s free shipping thresholds before adding a single item to their shopping carts.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

ShipBob

MARCH 2, 2022

Every ecommerce business needs to keep a close eye on their performance metrics to see where they stand and what needs improving. However, the essential KPIs can also vary depending on the business model. You can use this KPI to see if you need to reevaluate your product or plan pricing to boost profitability.

Optimal Sourcing 52

Optimal Sourcing Price Reduction Inventory Reduction Cost Reduction Strategies 52

Unleashed

SEPTEMBER 10, 2020

In this article we’ll first look at practical ways to measure productivity in the workplace, and then at some of the practical metrics and KPIs that help business owners and managers lift productivity. Our toy makers now have a valuable metric for understanding productivity in their factory. 6 practical productivity KPIs.

Material Savings 86

Material Savings Expense Reduction Waste Reduction Cost Reduction Strategies 86

Unleashed

JANUARY 5, 2021

Let’s take a closer look at this important metric. Inventory turnover is a metric you can use to calculate how quickly your business completely sells through and replaces the goods in its inventory, within a set time period. A Retailing Industry Perspective ”, published in 2014. What is inventory turnover?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

Logistics Viewpoints

MARCH 4, 2021

Third step: Explore how you can expand supply chain visibility to your suppliers and logistics providers, and retail channel partners so you can start getting signals of unusual events that will impact your plans. . Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. and Europe.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

BlueYonder

MARCH 25, 2022

End-to-end supply chain visibility is the ability to track raw materials, finished goods and key assets as they move through your supply chain from suppliers, to manufacturers, to omni-channel retailers, to the end consumer. How to Align Supply Chain Action to Your Business Strategy.

Modeling 94

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 94

BlueYonder

OCTOBER 13, 2022

It’s also hardly a revelation that retailers have responded by rethinking their strategies around inventory management and fulfillment options. As a result, brands need to find a more direct way to mimic retailers and catch people’s attention. Most CPG companies are used to moving pallets of goods for the satisfaction of retailers.

Sourcing Strategies 74

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Logistics Bureau

NOVEMBER 27, 2016

Suppliers are measured using factual performance indicators covering pricing, quality, innovation, and reliability , to name but a few of the measurement components included in the “McDonalds Supplier Performance Index,” as the suite of metrics is known. Boxes Within Boxes. Zara’s Supply Chain: Lean, Fast, and Agile.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Supply Chain Game Changer

SEPTEMBER 8, 2021

What is Procurement’s North Star Metric? The North Star Metric (NSM). As published by Forbes in a 2017 article, “The North Star metric concept originally emerged from Silicon Valley and is best utilized by companies that invest in long-term sustainable growth. These sub-metrics should be your own mini-North Star Metrics.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Alloy

APRIL 29, 2021

That’s the highest percentage out of all metrics we asked about, including On Shelf Availability (37%) and forecast accuracy (34%). Even the highest levels of the organization recognize its importance: 60% of C-level executives consider OTIF a top three KPI. . Understanding retailer OTIF.

Alloy 52

Alloy Forecasting Metrics Just-in-Time 52

Unleashed

MARCH 6, 2023

Measure your success A marketing plan also offers clear KPIs as a measure of its success. The highest-level KPI for a marketing plan would generally be around brand awareness, assessed through regular brand surveys. However, other KPIs can be measured such as social reach, media coverage, and customer gains.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Locus

SEPTEMBER 21, 2023

In fields as varied as logistics, retail, and FMCG, companies fall into either the SMB (Small and Medium-sized Business) or enterprise categories. The dashboard offers an overview of over 200 operational metrics, including costs, CO2 emissions, and returns.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Analytics Software Optimization Software Demand Planning Software 52

Infosys Supply Chain Management

JUNE 20, 2013

IT enablement in areas like Mobile work management, Health and Safety, Metrics monitoring (KPI) etc. Industrial Manufacturing. Logistics and Distribution. Media and Entertainment. Medical Devices. Pharmaceutical and Biotech. Public Sector. Publishing Resources Industries. Business Services. Business Applications. Management Consulting.

Optimal Sourcing 25

Optimal Sourcing Asset Management Supply Chain Optimization Optimization Software 25

Arkieva

SEPTEMBER 15, 2015

While there are many different things that make up the overall customer experience, one of the key performance indicators (KPIs) that companies measure is the timely delivery of goods to the customer. Imagine a B2C business such as a retailer. In terms of a customer service metric, that is a negative score.

Modeling 60

Modeling Modeling Software Demand Planning Software Customer Service 60

ShipBob

DECEMBER 28, 2022

Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. With inflation still on the rise , budget-friendly alternatives, often from retailers’ private labels, are also gaining traction.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Zipline Logistics

JUNE 30, 2020

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Compliance — In retail logistics, the term that refers to the regulations set by retailers for delivery of goods into their supply chain. The metric is used to establish pricing for a transported order.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

Supply Chain Management and Analytics

MARCH 5, 2021

Third step: Explore how you can expand supply chain visibility to your suppliers and logistics providers, and retail channel partners so you can start getting signals of unusual events that will impact your plans. . Fourth Step: Benchmark KPIs to understand limitations and discover opportunities.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

ShipBob

APRIL 30, 2023

Plus, you establish and regularly check metric-driven goals (around speed and quality) for your team. Moving to the “Stellar” level requires a shift in your goals from just meeting demands to further optimizing processes and delighting customers with: Regular reporting on holistic metrics, as well as variances.

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

GlobalTranz

DECEMBER 28, 2015

The Most Important Distribution Center Metrics to Track and Understand. Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. 7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Third Party Logistics 3PL 120

Logility

MAY 2, 2021

From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs. This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149