Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

Cerasis

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. Also monitored were Whirlpool supplier SLA/KPI agreements.

Supplier Co-Innovation: The Next Source for Economic Growth

NC State SCRC

We hear the words “innovation” as a source for growth in the economy over and over again. But what will be the true source of innovation? To generate such forms of value creation, procurement will need to tap into a key source of new ideas and creativity: their suppliers.

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Procurement Cockpit – Strategic Sourcing KPIs

EC Sourcing Group

Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. Each KPI should have a benchmark or reference point of comparison.

Five Steps to Launch a Supplier Scorecard

Logility

A good KPI will be measurable against some benchmark or criteria. If you can’t identify an outcome and a strategy to relate to the KPI, then you’ll be wasting time on data collection and analysis. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID.

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3 Signs It’s Time To Change Your Delivery Practice

Abivin

We just missed the KPI, didn’t we” Scary, isn’t it? During the process, especially in the fields that KPI is extremely important to measure production, costs, and quality rates of a team, missing a KPI becomes a nightmare of every logistics manager.

KPI 83

Health Check Your Supply Chain for Inefficiencies

Talking Logistics

Are trustworthy KPI’s available and analyzed with appropriate business intelligence tools that allow a solid grip on the supply chain, and your logistics providers? What are your supply chain, sourcing, visibility, and transparency challenges?

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

However, technology can be used to turn what seemed as losses into standby sources of revenue. Pulling data from KPI helps your reverse supply chain system run fast and effectively when embarking on the disposition process.

How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag (pt 2)

OneSCM

In part one , I provided two key steps to help mid-market companies evaluate their existing measurement tools and data sources.

Student projects focus on supply management segmentation, risk analytics, and predictive cost models.

Supply Chain View from the Field

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. Analytics Commodities forecasting Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply chain analytics Supply Chain Management My MBA 541 students presented results from their projects this semester.

For Your Supply Chain KPIs to be Meaningful, Apply Some Golden Rules

Logistics Bureau

I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. A more meaningful KPI would be to measure how many deliveries take place during the first hour of the time window. Golden Rule #8: A Meaningful KPI Has an Owner.

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Is this the most perfect FMCG or Pharma or Drinks Supply Chain ever?

Enchange Supply Chain Consultancy

Across the Source, Plan, Make and Deliver Supply Chain disciplines we can see excellence and leading edge systems and performance. Source. Overall Supply Chain efficiency is monitored through a short list of highly relevant and stretching KPI targets. I will not reveal the name of the organisation for obvious reasons but their Supply Chain is one very impressive, slick machine.

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FMCG: The most perfect Supply Chain in the history of the universe?

Enchange Supply Chain Consultancy

Across the Source, Plan, Make and Deliver Supply Chain disciplines we can see excellence and leading edge systems and performance. Source. Overall Supply Chain efficiency is monitored through a short list of highly relevant and stretching KPI targets.

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How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag

OneSCM

Existing KPI measurements. If you already have formalized KPI measurements such as a balance score card—even if compiling them requires a good deal of manual data gathering, comparison and chart building—your current reports can serve as an initial benchmark.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

” Based on that feedback, Chris asked a different question: “Looking out to 2025 –will we be using the same KPI’s as we do today? And we follow a pattern: you do an assessment, a sourcing wave, build a process, and do it over and over. But vendor management and KPI’s will be impacted – and we need to evolve beyond saving money. Branching into process reengineering and KPI’s will be important.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

To start you must have the KPI's visual along 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).

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The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

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.

KPI 89

More Insights on Deploying the Digital Supply Chain

NC State SCRC

The vision of the “LIVING” Supply Chain was shared, and the idea behind development of a centralized control room with commonly shared KPI’s was discussed. With respect to “big data” as a source of decision-making, participants expressed the need to get beyond the “so what” stage, and how to bring in the right KPI’s to manage the extreme nature of complexity driven by ever increasing numbers of SKU’s, customers who make last minute decisions, and volatile demand.

KPI 40

Your Trade War Survival Secret: Sales and Operations Planning – Part 2

DynaSys

ST was able to run and consider dozens of potential outputs for each critical KPI such as lead time, and many more modular scenarios focusing on specific geos, routes, and key accounts, within hours.

KPI 66

Balancing Cash, Cost and Service: The Supply Chain Triangle

Arkieva

Sourcing in Asia, the leveling of production and rounding to full trucks are measures that lower the cost but they increase inventory. When making decisions, e.g. low cost sourcing from Asia, we need to look at operational costs, but also at the inventory costs.

KPI 91

Is Your Supply Chain Ready For Artificial Intelligence?

ThroughPut

That data allows them to establish KPI-led operations at the micro and macro levels and minimize the time and labor investment required to reconcile inefficiencies. ( Editor’s note: This is the first of a two-part series on readying your supply chain for artificial intelligence (AI).

KPI 52

Is Your Supply Chain Ready For Artificial Intelligence?

ThroughPut

That data allows them to establish KPI-led operations at the micro and macro levels and minimize the time and labor investment required to reconcile inefficiencies. ( Editor’s note: This is the first of a two-part series on readying your supply chain for artificial intelligence (AI).

KPI 52

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

During sourcing projects, compliance is a valued attribute from the side of a supplier. Word to the wise… standardization in your governance activities will return better results when gauging supplier base compliance as a KPI. Subscribe Here! Email Address.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction.

Suppy Chain Dashboard: What are the key features of a top notch dashboard?

EV Cargo Technology

However, a good starting point is to understand what your ‘own’ businesses KPI’s are. Once you have determined your KPI’s you should aim to have real-time analytical dashboards based around them so that even the most complex data can be quickly and easily interpreted. Get your supply chain dashboards to draw data directly from source such as an ERP system. Information should be customised to your individual businesses KPI’s.

KPI 40

Supply Chain Dashboard: What are the key features of a top notch dashboard?

EV Cargo Technology

However, a good starting point is to understand what your ‘own’ businesses KPI’s are. Once you have determined your KPI’s you should aim to have real-time analytical dashboards based around them so that even the most complex data can be quickly and easily interpreted. Get your supply chain dashboards to draw data directly from source such as an ERP system. Information should be customised to your individual businesses KPI’s.

KPI 40

What is the meat of the matter for manufacturers of meat products?

DELMIA Quintiq

So remember: never underestimate the importance of your customer order fulfillment KPI. With millions of animals being processed in one single production plant, meat is definitely a complex business. Whether you’re processing pork, beef or poultry, the challenges are very similar.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

One of the items we address with a shipper is to ask what their goals are (related to the event or transportation in general) and what their sourcing philosophies are around the number of carriers that they would ultimately like in their carrier base (not to exceed “x”), or x carrier not to represent more than x% of overall spend / revenue (yours or theirs). We also ask about Asset/Broker % goals, KPI’s, etc. KPI’s.

The path of a future CPO

Proxima

Progress into the role of CPO will no longer be defined by being a better and better sourcing specialist. Stage two: Develop a personal KPI to be measured based on where your team comes from and goes to.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation.

Think Tank 2020: Answering the Tough Questions with Transparency and the Right Data at the Right Time

Transplace

The goal is to access the best possible data from a variety of different sources in near real-time and provide value with that transparency—using it to fuel data-driven decision-making, unparalleled support, and best-in-class tools for our customers.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

In many organizations the challenge of multiple systems and disparate data sources is overcome through a combination of custom reporting tools, data warehouses and dashboards. Just as the modelling exercise can be approached from a multitude of dimensions, so too the measurement of performance; ensuring alignment and common buy in is as critical as is designing the right KPI’s to monitor progress.

Readying Your Supply Chain for Artificial Intelligence

ThroughPut

To what extent are we leveraging open-source technologies? Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? ( Editor’s note: This is the second of a two-part series on readying your supply chain for artificial intelligence (AI).

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Readying Your Supply Chain for Artificial Intelligence

ThroughPut

To what extent are we leveraging open-source technologies? Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? ( Editor’s note: This is the second of a two-part series on readying your supply chain for artificial intelligence (AI).

KPI 52

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). However, I’d like to suggest that different KPI’s could be applied in different situations. Supplier innovation and improved market intelligence leads to better sourcing decisions, and category strategies are more closely linked to business unit and functional outcomes that drive overall organizational financial performance. Source.

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Global Supply Chain Visibility is No Easy Task

Talking Logistics

Let us take a look at how visibility in your supply chain can extend from the sourcing of raw material all the way to the delivery of finished goods to a consumer. First look at sourcing, then the purchase order process, order management, track and trace, all the way through to reconciliation. Supply chain visibility is no easy task – in fact, defining what it means can be a challenge in itself. What is your definition of supply chain visibility?