Logistics Viewpoints

JANUARY 18, 2024

Supporting optimal strategies for inventory investment and allocation to support your sustainability goals. Evaluating multiple strategy scenarios in multiple dimensions to determine whether the differences among them are significant (i.e., Supporting what-if scenarios by estimating transportation rates on lanes (i.e.,

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 246

SCMDOJO

JUNE 6, 2023

As a result, identifying effective strategies for inventory reduction and optimization becomes vital for professionals in supply chain and operations. One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Also, keep in mind that aligning your S&OP KPIs with business strategy is an iterative process.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

DELMIA Quintiq

DECEMBER 9, 2020

Trane Technologies faces these unprecedented global challenges with a bold strategy and a commitment to building a healthier planet and a sustainable world. Trane Technologies embraces a business strategy called “The Gigaton Challenge,” which is the commitment to reduce the customer carbon footprint by one gigaton of CO 2 e by 2030.

Waste Reduction 317

Waste Reduction Cost Reduction Strategies Supply Chain Design Software Resource Reduction 317

Precoro

JULY 16, 2023

This individual also ensures that established purchasing practices align with the general company financial strategy and business objectives. We have selected 5 fundamental KPIs that purchasing managers should consider. It’s important to realize that emergency purchases are bound to happen at some point.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Logility

AUGUST 18, 2023

However, achieving this critical alignment often stumbles over familiar hurdles: A limited understanding of supply chain operations at the executive level, objectives that diverge between strategy and operations, gaps in communication, a lack of shared KPIs, and the relentless pace of market changes.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

ToolsGroup

MAY 16, 2023

With a clear directive and KPIs to measure the real impact of new intiatives, they understand the concrete steps to take next in their global supply chain journeys. More companies are looking to develop and adopt inventory strategies that guarantee high service levels while reducing the overall strain of inventory on working capital.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

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

Logistics Bureau

AUGUST 2, 2021

Nevertheless, each of them has a valuable part to play in customer-focused performance measurement and is therefore worth including in your KPI portfolio. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on. Other Supply Chain KPIs Procurement Teams Should Track. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

DELMIA Quintiq

JANUARY 14, 2014

In an article entitled ‘ Metric Strategies and Supply Chain Performance ’ Gilmore suggests that many companies have KPI targets that are too low. Assuming that all the right supply chain KPIs are in place, what kind of result should you be aiming for? It’s one thing to say that the present KPI targets are too low.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 222

BlueYonder

APRIL 9, 2024

The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. Nearly all strategies put forward by organizations, including Carlsberg, come with a 2030 or 2040 asterisk. Connected Automation Automation is pivotal in addressing the speed aspect of sustainability goals.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

Logistics Bureau

NOVEMBER 8, 2021

But perhaps surprisingly, in our work, we come across a substantial number of businesses that struggle with KPI selection and use. If yours is not one of those businesses, and you’re confident in your KPI suite and the relevance of the data it provides, congratulations! What Makes a “Right” KPI? You’re in a good place.

Benchmarking 67

Benchmarking KPI Supply Chain Strategy Supply Chain Software 67

The Logistics & Supply Chain Management Society

MARCH 14, 2023

CARRIERS SCORECARDS: PERFORMANCE INDICATORS Recognising the need and the importance of such measures, the shippers’ council launched the KPI in 2021. The KPI is a qualitative index (not a definitive scorecard) that provides an unbiased perspective to shape our logistics service providers’ mindset and actions.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

GlobalTranz

JANUARY 4, 2017

Metric: Goal/KPI: Zero quality reports upon the receipt of goods at Warehouse or ultimate consumer; Embedded 3PL rep to help improve 3PL service by monitoring 3PL deliveries and daily service. Leading/lagging indicators: KPIS for continuous improvement in problem/process issues; collaboration, transparency, and partnering.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Intelligent Audit

DECEMBER 10, 2020

That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. We will take a closer look at the leading throughput supply chain KPIs needed for success for this two-part series. The so-called perfect order metric is the ideal supply chain KPI.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. I address this particular KPI is more detail later below. Perfect Order Rate.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

BlueYonder

MARCH 22, 2024

This strategy might be obvious, but the key lies in “how” a company puts the shopper at the center while maintaining profitability, employee satisfaction and shareholder values. Making the best decisions to optimize and balance all dimensions of KPI is the retail holy grail. Customer centricity is alive and well.

Optimal Sourcing 98

Optimal Sourcing Trends Las Vegas Supply Chain Software 98

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logility

NOVEMBER 15, 2013

As companies mature and become more demand driven I think the nature of the departmental KPI will change. The KPIs themselves have to become more demand driven and global. Use KPI’s as a key part of moving to a ‘demand driven’ process. Define appropriate local KPIs (measures, frequency of measure, goals).

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Strategy KPI Supply Chain Planning 101

Logistics Bureau

DECEMBER 14, 2021

Watch this: Related articles on this topic have appeared throughout our website, check them out: KPIs for Your Warehouse: How to Choose and Use Them. KPI Key Performance Indicators in Supply Chain & Logistics. 11 Golden Rules for Meaningful Supply Chain KPIs.

Supply Chain Strategy 78

Supply Chain Strategy How To Supply Chain Optimal Sourcing 78

Logility

NOVEMBER 15, 2013

As companies mature and become more demand driven I think the nature of the departmental KPI will change. The KPIs themselves have to become more demand driven and global. Use KPI’s as a key part of moving to a ‘demand driven’ process. Define appropriate local KPIs (measures, frequency of measure, goals).

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Strategy KPI Supply Chain Planning 100

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. But simply putting an S&OP strategy in place isn’t enough.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

ivalua

OCTOBER 22, 2020

digitization Procurement processes from sourcing to accounts payable is a key strategy. More advanced Procurement organizations are regularly measuring this as a KPI and good Procure-to-Pay systems are a must. As work has shifted from the office to the home, ensuring productivity while remote is essential.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147

Talking Logistics

MARCH 30, 2017

Are you on board? ” — I shared strategies to digitalize the planning office with advanced planning technology to keep abreast with in an industry that is increasingly replacing the human workforce with robotics to gain better efficiency, increase cost-savings and build higher agility. In “ It’s the era of Industry 4.0.

Cost Reduction Strategies 100

Cost Reduction Strategies Supply Chain Planning Software Price Mitigation Strategies Supply Chain Strategy 100

Logistics Bureau

OCTOBER 20, 2020

Robobyrne: Supply Chain Strategy & KPI. Supply Chain Secrets: Supply Chain and Logistics KPIs – Keep it Simple. Benchmarking Success: Supply Chain Performance Dashboards: 6 KPIs to Keep Them Simple. You can check it out right here: [link]. Best Regards, Rob O’Byrne.

Supply Chain Strategy 55

Supply Chain Strategy Supply Chain KPI Benchmarking 55

EazyStock

JANUARY 31, 2022

Ensure KPIs all contribute towards your organization’s strategic goals whether these are customer service targets, growth strategies or profitability objectives. This KPI analyzes how accurate your forecast was against actual sales. This inventory KPI keeps track of the number of delayed orders due to stockouts.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

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. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

BlueYonder

MARCH 15, 2024

Accelerated Planning Every area in the supply chain is invested in accelerating its own plans and meeting its own KPIs already, but there’s no point in innovating and optimizing one area of planning if stakeholders are not considering the ripple effect in other areas. Schedule your strategy call with a Blue Yonder expert.

Agile and Lean Supply Chain 52

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

DELMIA Quintiq

MAY 14, 2018

This is done through KPI (key performance indicators) tracking, advanced mapping as well as data integration & propagation. For an idea of the KPI improvements that can be achieved with Quintiq’s optimization solution, check out this article that features DHL Express Germany. What’s next?

Sustainability 136

Sustainability Resource Reduction Vendor Strategies Retail 136

Logistics Bureau

MARCH 19, 2019

Have you got a Supply Chain Strategy? Let me show you how I help my consulting clients put together a One-Page Supply Chain Strategy. If you don’t have one, don’t feel bad because 60% of businesses don’t. Watch the full video below for a quick run through. Subscribe to our Youtube Channel. Best Regards, Rob O’Byrne.

Supply Chain Strategy 45

Supply Chain Strategy Strategy Price Mitigation Strategies Supply Chain 45

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Taulia

JULY 21, 2022

That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy. With that in mind, let’s look at eight supplier KPI examples that can be used to measure how well your vendors are helping your business meet its commercial objectives. Defect rate.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Supply Chain Game Changer

JULY 14, 2021

High-performing procurement organizations follow up on sustainable procurement goals, ensuring that these are taken into account within KPI measurements. High-performing procurement organizations don’t fear change but embrace it as a core part of their business culture and strategy. Sustainability KPIs & Reporting.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

crisp

DECEMBER 15, 2021

Step 1: Set the strategy. A good KPI to track for this goal might be a low out of stock (OOS) rate. This is an inherent trade off, and therefore a decision to consider when you set your strategy. With clear reporting on your new outcome and driver metrics, you can now map roles and teams to each KPI.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

BlueYonder

MARCH 28, 2023

The following are the insights gained from the recently held ProMat 2023 event and my discussion with Ann Marie Jonkman , who leads Blue Yonder’s 3PL Industry Strategy. Sustainability will become an active KPI as consumers demand it. For example, consumers are now used to getting deliveries within a four-hour window or two days.

Logistics Network Optimization Software 70

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Logistics 70

SYSPRO Smarter ERP

NOVEMBER 3, 2021

This may lead to any number of follow-up actions, for example: Redesigning sourcing or material strategies. Our advice is to not have too many KPIs, and always include a KPI to ensure that you are not going backwards. Re-assess safety stock levels regularly to take account of changing global conditions.

Manufacturing Procurement 105

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