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?
ShipBob
FEBRUARY 3, 2023
As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI?
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ShipBob
JANUARY 28, 2022
Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . For inventory management, KPIs indicate how a retail brands’ stock performs and offers insights into costs of goods sold (COGS), inventory turnover, demand, revenue, internal processes, and more.
Enterra Insights
APRIL 22, 2019
Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. ” Walmart’s latest move is likely to increase supplier angst.
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’.
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.
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.
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