ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? In this article, learn how to track warehouse performance by monitoring the right KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir. “In Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

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. When it’s time to track OTIF as a KPI.

Optimal Sourcing 52

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

SCMDOJO

JUNE 1, 2023

You may well have procurement or warehousing experience, but if that’s not what you are applying for, don’t go at a tangent to mention that – not only are you wasting CV space, but also the time of the reader – you will have plenty of time when progressing to the interview stage to mention these in terms of transferable skills.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 111

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. Establish a set of KPIs and set performance targets to measure your progress. . For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Veridian Solutions

SEPTEMBER 20, 2018

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Failure to track replenishment and procurement activities. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Which Inventory Management KPIs Are the Best?

Inventory Management Software 45

Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 45

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc.

Supply Chain Planning Software 70

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

RFgen

MAY 16, 2023

These insights are critical to procurement and warehouse management. Using Data Analytics in Warehouse KPI Tracking Understanding and monitoring Key Performance Indicators (KPIs) is a vital aspect of managing warehouse operations effectively.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

SCMDOJO

APRIL 4, 2023

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. Examples of such analyses include the performance of a supply chain or the inventory levels of a warehouse.

Prescriptive Analytics Software 110

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

EazyStock

SEPTEMBER 25, 2018

EazyStock in a cloud-based inventory optimization tool that systematically reduces excess and obsolete stock levels (bad inventory) from your warehouse locations to reduce costs while increasing the availability of your faster turning more profitable items (healthy inventory). Veeqo – Warehouse Management System.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

GlobalTranz

JULY 7, 2015

As most warehouse strategies are formed to combat issues of product shortage or provide important accounting data regarding a product, technology has been created to help reverse supply chains and drive larger recovery by serving the business needs for selling surplus. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

ThroughPut

OCTOBER 20, 2022

Accelerate Material Movement: Geospatial maps enable faster decision-making at micro as well as macro levels with a deeper insight of the links and interactions among suppliers, plants, warehouses, and point-of-sale locations as goods and materials are shipped from origin to destination. ThroughPut.ai

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

ThroughPut

OCTOBER 16, 2022

An inventory manager aims at ensuring the key performance indicators (KPIs) are aligned to the available inventory and works on identifying key areas that are performing well or those aspects which require attention. Also,they need to keep a track of the goods which are in transit and not just those which are in stock at the warehouse.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 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

Unleashed

JANUARY 10, 2023

Or, if you’re a middle-man retailer or wholesaler, how you manage your warehouse. Supplier optimisation Supplier optimisation involves sourcing and procuring the best vendors for the various parts, products, software, and services you need to run your business. The first step is to optimise your warehouse processes.

Supply Chain Planning Software 52

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

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI). Intrieri Consulting.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

RFgen

NOVEMBER 8, 2018

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. Physical warehouse automation is costly. High warehouse turnover.

Warehousing 59

Warehousing Supply Chain Software Supply Chain Planning Software Inventory Management Software 59

RFgen

NOVEMBER 8, 2018

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. Physical warehouse automation is costly. High warehouse turnover.

Warehousing 59

Warehousing Supply Chain Software Supply Chain Planning Software Inventory Management Software 59

Cathy Roberson

APRIL 6, 2022

Plus #warehouse. Supply Chain @Mr_Supply_Chain Deep customs insights, landed cost analysis, customs delays, ports, product level analysis Chris rubio @cm_rubio Transparency Complete transparency of Available To Promise Date, Landed Cost, and ESG metrics for the entire Procure-To-Pay lifecycle at the piece level.

Real-time Visibility 52

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

ThroughPut

JUNE 4, 2020

Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Inventory Optimization can easily help manufacturers overcome warehouse management and stocking problems. Stock replenishment. Challenges to Inventory Optimization. Demand forecasting challenges.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Inventory Optimization can easily help manufacturers overcome warehouse management and stocking problems. Stock replenishment. Challenges to Inventory Optimization. Demand forecasting challenges.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. DC procurement is also automated by aggregating the needs of the MFCs.

Supply Chain Planning Software 219

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 219

Logistics Bureau

DECEMBER 20, 2016

Is your supply planning optimised to get the best performance from manufacturing (if applicable), purchasing, warehouse, and transportation functions? Warehouse operational costs. Procurement costs. It’s also about the trade-off between warehouse and transportation costs. Warehouse Costs.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Requis

JANUARY 9, 2020

Digital twins promise more accurate and effective KPI reporting and have the potential to dramatically alter how businesses plan and adapt to change. In the past few years we’ve seen the rise of new leadership roles in the C-suite, including the chief procurement officer and chief supply chain officer.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 52

Logistics Bureau

JULY 27, 2016

These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. Example: ASNs received (current month) = 17, ASNs which are 100% matched to physical goods receipts (current month) = 16.

Procurement Analytics 40

Procurement Analytics Metrics Procurement Solutions Analytics Software 40

SCMDOJO

OCTOBER 7, 2022

Warehouse Space Utilization = Total warehouse ares occupied by activities / total warehouse capacity floor (m2) * 100. One drawback of Cost KPIs is that it is inversely proportionate to Quality KPIs. We should also note that there is a thin line between quality KPI and productivity KPI. To conclude.

Optimal Sourcing 109

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 109

Silvon Software

APRIL 29, 2022

In an effective KPI strategy, we always recommend that leading indicators that help provide insight into future performance should be balanced with lagging indicators that tell companies how they’ve done. Every inventory KPI needs a clearly defined goal. Ideally, the average time to sell should be as low as possible.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

The Logistics of Logistics

JUNE 7, 2019

Asset based 3PLs own physical assets like trucks, planes, warehouses, etc. Pros: If the 3PL is good at procurement, they can build a large network of partners / carriers. 3PLs that specialize in other services like air freight, sea freight, warehousing, etc. Metrics / Key Performance Indicators (KPI). Specialization.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Unleashed

JULY 23, 2023

You can calculate order cycle time using the formula: (Delivery Date – Order Received Date) / Total Number of Orders Shipped = Order Cycle Time This KPI reveals where you need to develop new strategies to improve the speed of your order fulfilment. Takt time Takt time is a KPI that helps set the pace of your manufacturing process.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Silvon Software

APRIL 1, 2024

Procurement Purchase Order Cycle Time – The average time taken from the creation of a purchase order until its fulfillment. Do I have enough warehouse capacity and resources? Efficiency Rate – The ratio of the actual output to the standard output expected.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

ShipBob

MARCH 2, 2022

Average revenue per unit or ARPU is an important ecommerce and inventory management KPI that measures how much you’re earning on average from selling one unit of inventory. You can use this KPI to see if you need to reevaluate your product or plan pricing to boost profitability. Let’s get started. Optimizing your pricing strategy.

Optimal Sourcing 52

Optimal Sourcing Price Reduction Inventory Reduction Cost Reduction Strategies 52

Logistics Bureau

OCTOBER 19, 2020

So as a prelude to external benchmarking, why not take a look across your company’s warehouses, transport operations, and procurement functions, benchmark internal performance, and make use of the underutilised innovations driving performance leaders inside your business. Ready to SCOR with External Benchmarking?

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Logistics Bureau

NOVEMBER 27, 2016

Unilever has sustainability at the very heart of its business model, extending all the way through the supply chain from distribution to procurement. The measurements however, are just a means to an end , with the KPI-driven conversations being considered more important than the actual metrics. The Sustainability Drive.

Agile and Lean Supply Chain 40

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

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. With our customizable Logistics KPI Dashboard Excel Template , you can obtain a detailed view of your business’s Current Performance versus Target and the Previous Year’s performance. raw materials) between its sites.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

Logistics Bureau

DECEMBER 20, 2021

10 Invaluable KPIs to Track Inventory Management Performance. The following KPIs comprise those commonly used across all warehouse operation types, along with some that are less ubiquitous but which your business might benefit from monitoring. The inventory turns KPI is the metric that provides this information.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76