Silvon Software

MARCH 3, 2023

A Few Important KPIs for Tracking S&OP Performance As a long-time provider of business intelligence applications for manufacturing and distribution businesses, Silvon has played a key role in helping our clients define and implement performance metrics that align their S&OP initiatives with their corporate goals. Delivery date.

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S&OP Procurement Analytics Supply and Demand Analytics Software 102

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). They are used to measure how effectively the warehouse processes of receiving, replenishment, fulfilment and shipping perform. Outbound KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

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Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. CARRIERS SCORECARDS: PERFORMANCE INDICATORS Recognising the need and the importance of such measures, the shippers’ council launched the KPI in 2021.

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.

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Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

The Logistics of Logistics

FEBRUARY 15, 2013

A highly effective 3PL will use key process indicators (KPIs) to monitor logistics performance. 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).

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KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

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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Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Supply Chain Game Changer

JULY 21, 2021

Product Management KPIs! Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses.

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Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Unleashed

DECEMBER 11, 2022

When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them?

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

EC Sourcing Group

MARCH 12, 2023

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

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Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . What are KPIs & why are they important for your inventory management? You can easily track these KPIs in an inventory management system (IMS) or enterprise resource planner (ERP).

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Inventory Management Software Inventory Management Inventory Reduction Inventory 98

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?

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Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Intelligent Audit

JANUARY 28, 2021

But first, it’s essential to understand its value and why it’s a critical tool in the shipping manager’s playbook. What is a Logistics KPIs Scorecard. This sort of scorecard highlights areas of supplier performance and works to bring attention to potential problem areas within the shipping supply chain.

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Logistics Network Optimization Software Logistics KPI Optimization Software 59

crisp

DECEMBER 15, 2021

Establish a set of KPIs and set performance targets to measure your progress. . A good KPI to track for this goal might be a low out of stock (OOS) rate. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Is the warehouse shipping goods on time?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

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Optimal Sourcing Procurement Sourcing Strategies Freight 130

The Logistics of Logistics

FEBRUARY 16, 2013

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). Logistics Key Process Indicators (KPIs). LTL KPI – Cost per Pound Calculation. LTL KPI – Cost per Pound Calculation. Additional Reading on LTL KPIs.

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KPI Cost Reduction Strategies Third Party Logistics Metrics 100

Taulia

NOVEMBER 28, 2021

A similar KPI to inventory turnover, average days to sell inventory is intended to measure how long, on average, it takes your company to turn inventory into sales. And the first step to avoiding them in future is to understand when (and how) they occur, which is the intention of this inventory management KPI. Supplier quality index.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 52

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. If you are responsible for supply chain KPIs, access our Supply Chain KPIs Dashboard !

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

The Logistics of Logistics

FEBRUARY 18, 2013

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. Insights from Damage Free Shipment KPI. Does your company use the KPI described above?

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KPI Freight Third Party Logistics Metrics 100

The Logistics of Logistics

FEBRUARY 19, 2013

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.

KPI 100

KPI Third Party Logistics Price Reduction Cost Reduction Strategies 100

The Logistics of Logistics

FEBRUARY 17, 2013

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.

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KPI Third Party Logistics Metrics 3PL 100

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. This KPI analyzes how accurate your forecast was against actual sales.

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Inventory Management Software Inventory Management Inventory Reduction Analysis 52

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

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Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Taulia

OCTOBER 7, 2021

And that means monitoring performance against pre-set procurement key performance indicators (KPIs) and procurement metrics. These may include KPIs for measuring the performance of suppliers and the procurement team, as well as the organization as a whole. So which procurement metrics and KPIs should you measure?

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 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. Inventory KPIs. Inventory is the bloodline of your logistics operations.

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Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Enterra Insights

APRIL 22, 2019

After all, shave off $20 here for a short lot, $5 there for a cracked pallet and $10 over here for a mangled shipping label, and before long, it can run into real money. Whether you KPI them on Turnover or Profit Margin, having them buy into OTIF is crucial to managing the customers’ expectations.” Footnotes. [1]

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Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

Veridian Solutions

SEPTEMBER 20, 2018

A Guide to the Warehouse Metrics Supply Chain Execs Should Track. The Right Cycle Count KPIs Make or Break Productivity The right cycle Count KPIs can make or break productivity, and as explained by Shane Starr of Explore WMS, Warehouse Managers need to implement a process known as “skilled cycle counting.”

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Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 45

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

Intelligent Audit

NOVEMBER 3, 2022

Transportation network optimization is simply streamlining your network of logistics carriers, the methods for shipping, and the processes for managing the network. This adaptation allows shippers to find the best choice for each situation and manage the disruptions in the shipping industry. What Is Transportation Network Optimization?

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Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Unleashed

FEBRUARY 1, 2023

It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. Demand planning must include a determination and recording of key metrics to track throughout the year. Actual sales vs forecasts This metric is also known as ‘forecast error’.

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

Unleashed

JULY 23, 2023

By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing? Takt time Takt time is a KPI that helps set the pace of your manufacturing process.

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Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

The Logistics of Logistics

JANUARY 24, 2013

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). 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. Key Process Indicators vs. Metrics.

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Logistics Network Optimization Software KPI Logistics Metrics 175

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. What Are Procurement KPIs, and Why Use Them? Procurement KPI Categories. Enable procurement managers to improve data-driven processes. Cost Reduction. Cost Avoidance.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

ShipBob

APRIL 12, 2023

Main KPIs Closely monitoring your warehouse KPIs is the first step to measuring your warehouse productivity. You may be doing this already, but there are certain KPIs that are closely tied to productivity measurement. To measure this, you’ll need to look at your OTIF metric.

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Warehousing Supply Chain Software Inventory Management Software Demand Planning Software 52

Kanban Logistics

FEBRUARY 27, 2020

Associates then follow the packing instructions generated by the WMS and affix shipping labels (also generated by the WMS). Label generation : eCommerce orders will trigger the creation and printing of shipping labels, while retailer orders will trigger UCC-128 labels and others that comply with individual retailer specifications.

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Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

synchrono

MAY 7, 2018

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Bob in sales promises a customer that their order will be shipped by the 15 th of the month.

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Metrics Manufacturing Resource Reduction Supply and Demand 58