Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. 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. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

A good way to decide which KPIs to use is to look at how the supply chain is broken down into different processes. The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. can be measured to define this metric.

Manufacturing Procurement 105

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

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

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.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. Some key metrics for this category can include non-conformance and invoice errors. Some of the most common invoice errors include charging the wrong item price or for the wrong quantity, or charging freight which is not contractually allowed.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

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.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

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? Step 3: Collect your Data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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).

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Silvon Software

APRIL 1, 2024

Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub. The analytics help to improve a business process by analyzing a predetermined set of metrics relevant to the process and providing historical context of the data.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

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

Taulia

OCTOBER 7, 2021

The procurement process that they oversee includes sourcing, selecting and negotiating with vendors, creating purchase orders and tracking the receipt of goods. And that means monitoring performance against pre-set procurement key performance indicators (KPIs) and procurement metrics. Metrics: Invoice dispute rates.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

Unleashed

MAY 2, 2022

These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. If you want to make objective, evidence-based strategic decisions about what to do with your business, you need to be using real inventory KPIs. There are a lot of inventory performance measures you could track.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

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. Review data from relevant sources This step requires an understanding of what data will be useful , and what should be left out. Doing it well creates significant advantages for the business.

Supply and Demand 52

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

Precoro

MAY 27, 2021

By building an excellent Supplier Management Process, a successful company can mitigate those risks and ensure that their supply chain is undisrupted and meets the KPI's. Source: Forbes: What Is The Kraljic Matrix? Source: Supply Chain Quarterly 8. Increased workload due to complex and ineffective process.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Intelligent Audit

OCTOBER 27, 2022

One solution is to turn to big shipping data. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source. Gain Clarity into Shipping Data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

BlueYonder

OCTOBER 13, 2022

CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share. Additionally with marketplaces, companies need to also offer drop shipping so they can get goods into the hands of all B2C consumers.

Sourcing Strategies 74

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 74

Zipline Logistics

JUNE 30, 2020

These are a la carte, or per service, and outside of standard shipping and receiving. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Carriage — In maritime shipping, carriage refers to the movement of cargo on a vessel after loading and before unloading.

Supply Chain Planning Software 52

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

Unleashed

JANUARY 10, 2023

Set up supply chain mapping and event planning Supply chain mapping is the process of documenting all of the individuals and companies involved in your supply chain, from manufacturing components to shipping out the finished product. Continue to optimise until your entire production ship is firing on all cylinders.

Supply Chain Planning Software 52

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

synchrono

JUNE 19, 2017

The result is expensive; using faster shipping methods to get the part back on the shop floor. Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment.

Real-time Visibility 83

Real-time Visibility Supply Chain Software Manufacturing Procurement Agile and Lean Supply Chain 83

QAD

AUGUST 15, 2019

The CFO Action Center spans six areas, including financial analysis, revenue analysis and shipping and sales performance analysis. This blog focuses specifically on the Financial Analysis KPIs. KPIs for Financial Analysis . QAD Action Centers provide analytics to help managers and users to monitor metrics and KPIs.

Analysis 89

Analysis KPI Expense Reduction Sourcing Strategies 89

Turvo

FEBRUARY 17, 2021

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. It also is making shipping managers change the way they operate. Today’s Changing Shipping Industry Requires Adaptability And Versatility. Analytics provides supply chain ecosystem clarity.

Real-time Visibility 56

Real-time Visibility Prescriptive Analytics Software Predictive Analytics Analytics Software 56

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. This freight management KPIs measures a broad scale of maintenance as well.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. Moreover, products can be shipped to stores in-time then lost sales is minimal.

Case Study 239

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

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

6 River Systems

FEBRUARY 25, 2019

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. How can companies get to know their supply chain? Foundations like Global Witness and Changing Markets.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

Intelligent Audit

AUGUST 26, 2021

Their strength rests in how shippers leverage technology and how they apply the data from myriad data sources to make sense of what’s happening and how it all affects transportation spend. These ideals aren’t just pretty words. Use Electronic Invoicing. With advancements in technology, all processes and functions have a digital twin.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. The inbound shipments themselves should ideally be preceded by advanced shipping notifications , sent electronically from your suppliers.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

Logistics Bureau

NOVEMBER 27, 2016

For example, by 2020, Unilever expects to sustainably source 100% of its raw materials, even those used for packaging. The measurements however, are just a means to an end , with the KPI-driven conversations being considered more important than the actual metrics.

Agile and Lean Supply Chain 40

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

Unleashed

FEBRUARY 21, 2021

Order fulfilment is quicker, freshness is guaranteed, financial gains can be made through a reduction in shipping costs and you lower your environmental impact by brewing where your market is. A crucial KPI that brewery software should monitor is gross margin by revenue centre. Influencer marketing. Five Boroughs Brewing Co.

Cost Reduction Strategies 85

Cost Reduction Strategies Inventory Reduction Material Savings Expense Reduction 85