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

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

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. Number of emergency purchases.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. Consider using software to automate data integration.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

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. Procurement Cost. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Silvon Software

FEBRUARY 23, 2023

As powerful tools to support these initiatives, both Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) are metrics that can be used to monitor business performance and track potential risks. As you can see, a decreased value in a KPI may increase the value of a related KRI if a company goal is not achieved.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

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

ShipBob

JANUARY 28, 2022

You can easily track these KPIs in an inventory management system (IMS) or enterprise resource planner (ERP). With the right technology solutions and processes, your internal team can quickly identify which initiatives will improve supply chain efficiency by reducing time and costs. . 15 most valuable inventory KPIs to keep track of.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. Using supplier management software , supplier performance against these KPIs can be monitored over time. Customer service. Defect rate.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Silvon Software

MARCH 3, 2023

If customers purchase five different items in the same order, should you transport all five goods on schedule to obtain a 100% OTD delivery? To track your capacity utilization rate, you need to capture and measure data related to your resource capacity, such as data from purchase reports, inventory movements, cycle times, and output capacity.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

RFgen

APRIL 22, 2020

You’ve done your research, built a strong business plan, found the right vendor and received the green light from your management team to implement new mobile barcoding software in your warehouse. An intensive, hands-on program to gain a complete understanding of the solution, learn master concepts and pick up nuances and shortcuts.

Purchasing Training 54

Purchasing Training Supply Chain Planning Software Supply Chain Network Software Supply Chain Software 54

RFgen

APRIL 22, 2020

You’ve done your research, built a strong business plan, found the right vendor and received the green light from your management team to implement new mobile barcoding software in your warehouse. An intensive, hands-on program to gain a complete understanding of the solution, learn master concepts and pick up nuances and shortcuts.

Purchasing Training 52

Purchasing Training Supply Chain Planning Software Supply Chain Network Software Supply Chain Software 52

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Cognitive analytics: Cognitive analytics is a powerful tool that relies on artificial intelligence and machine learning to process vast amounts of data.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

The Logistics of Logistics

JANUARY 26, 2016

Inventory tracking software is an excellent way to keep a close eye on inventory and measure it as a KPI. To meet your KPI goal, do periodic inventory audits to see how they measure against routine tracking. Similarly, storage itself is an important KPI for improving warehouse management practices. Employee Turnover.

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Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Unleashed

FEBRUARY 1, 2023

Demand planning also considers factors such as: Your marketing strategy Seasonality Market trends Demand planning teams need to constantly be alert to technology advances such as in Artificial Intelligence or software tools which can be utilised to their advantage. They must draw on all these factors to create a ‘demand plan’.

Supply and Demand 52

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

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

Logistics Bureau

APRIL 4, 2022

Alternatively, you can procure access to a digital freight benchmarking platform. The range of such tools is growing along with demand, so you should be able to find one that matches your budgetary and capability requirements. The Pros and Cons of Procuring a Benchmarking Tool. 2: Take Care in Identifying the KPIs to Use.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

EcoVadis

FEBRUARY 28, 2016

This is creating a ‘triple-whammy’ of imperatives for procurement teams — and their trading partners — to monitor and manage risk, while at the same time exposing new sources of value that will be the key differentiators in the future. Depth of criteria.

Procurement Solutions 40

Procurement Solutions Supply Chain Network Software Demand Planning Software Logistics Network Optimization Software 40

DELMIA Quintiq

MAY 17, 2023

Therefore, supply chain planning has huge potential to reduce the environmental impact of production and transportation, and DELMIA Supply Chain Solutions play a pivotal role in making this happen. This is where DELMIA Supply Chain Solutions with its planning engines will help. Some suppliers are in Europe, whereas some are in Asia.

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Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

Unleashed

DECEMBER 11, 2022

Put simply, Warehouse KPIs measure how efficiently your warehouse is performing. For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. How to improve order lead times: Procure reliable carriers and suppliers. Carry a sufficient volume of safety stock.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Logility

APRIL 10, 2017

Look at the process enabling tools. Survey after survey points to spreadsheets as one of the primary tools used along with ERP systems and homegrown solutions. In many cases you will discover that processes like demand, inventory, replenishment, and manufacturing planning are limited by a lack of software capability.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 100

Cathy Roberson

APRIL 6, 2022

Despite the number of visibility tools available on the market today, “lack of visibility” continues to be a common complaint in the supply chain market. Are today’s visibility tools missing something? What's missing, if anything, from visibility tools?” But what exactly is visibility?

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. 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. Raise Team expertise.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

ShipBob

FEBRUARY 3, 2023

In this article, we’ll take a closer look at the most important KPIs to track in the retail industry, how to track them, and how to leverage them to benefit your retail business. What is a retail KPI? A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

ShipBob

FEBRUARY 25, 2022

OTIF or On-Time In-Full is a KPI used for measuring how many orders were delivered on time and in full. This metric is mainly used as a delivery KPI, although it can also be applied throughout the supply chain. A good OTIF score starts from the supplier purchasing and procurement process. What is OTIF?

Optimal Sourcing 52

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

ThroughPut

OCTOBER 16, 2022

A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. Accurate demand forecasting is an important element of supply chain inventory optimization solutions. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

GlobalTranz

MARCH 23, 2016

Then, the team assigns responsibility for the action required to reach the desired solution. When Lean culture takes hold, the teams are self-managed, managers are no longer reactionary, and they become strategic, proactive thinkers providing sustainable solutions. Practices and learns how to apply Lean tools. that has no end.

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Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Unleashed

APRIL 18, 2023

What are KPIs for inventory? Key Performance Indicators for inventory , commonly known as KPIs, are measurement tools that allow you to track the performance of various aspects of your business. You should set the KPI with a realistic target so that staff are focused on maximising sales relative to the stock available.

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

EC Sourcing Group

OCTOBER 6, 2020

At one time, all of the steps for procurement management were completed by hand. When a procurement software platform was available, it was just a spreadsheet as part of an overall word processing package. Read on to learn more about how to choose the best procurement software and more about what procurement software is.

Procurement Solutions 40

Procurement Solutions Modeling Software Procurement Software 40

Taulia

JUNE 12, 2023

Order fill rate = (total orders shipped / total orders placed) x 100 This KPI is also known as the demand satisfaction rate because the prompt fulfillment of orders is closely tied to customer satisfaction. As such, it shows how well your business’s supply chain strategy is geared to meet customer demands.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Unleashed

JANUARY 10, 2023

The 5 components of the supply chain planning process: Supply chain visibility Supply chain mapping Production optimisation Product pricing optimisation Implementation of supply chain planning software Combine these and you’ll get an optimised supply chain planning strategy that brings in extra revenue and helps you cut unnecessary business costs.

Supply Chain Planning Software 52

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

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Game Changer

SEPTEMBER 30, 2020

Some procurement professionals can quickly identify their key, or champion, supplier partners. Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Order our EBOOK HERE.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

DELMIA Quintiq

JULY 20, 2018

Can you get supplementary materials by making last-minute purchases from the market? It’s possible, when you have the right planning solution for your meat processing operations. To determine the best next step, you will need to answer a number of questions: Can you address these shortages at this point?

Poland 120

Poland Waste Reduction KPI Resource Reduction 120