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.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. Supply Chain KPI. What’s a KPI, Anyway? You will use a KPI in the same way as your car’s speedometer.

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An Introduction to Some Supply Chain KPI Fundamentals

Logistics Bureau

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. Some KPI Examples. DIFOT (delivery in full and on time) is a typical example of a supply chain customer service KPI.

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Warehousing KPIs

The Logistics of Logistics

To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. KPI is an acronym for key performance indicators (or key process indicators). A key performance indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for continuous improvement. Selecting Warehousing KPIs. Types of Warehousing KPIs.

Real-World Scenario: Best Practices for Warehouse Contracts: Part One

Cerasis

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. Currently they incur a annual spend of USD 380-420 Million for their warehousing needs, of which ~60% spend is for brand new six warehouses (average space of 1.5

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. You should also have a Modification Clause wherein you can modify the SLA/KPI/ Contract and Prices in 30-60-90 days. When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL.

A Day in the Life: Warehouse Operations Manager

3PL Insights

The warehouse operations manager oversees all activities in the warehouse on a daily basis. Day to Day: Every day is different for a warehouse operations manager. Reviewing warehouse financials and KPI reports to improve operations.

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Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

Once you hit your monthly warehouse goals, there can be a pull toward maintaining rather than gaining on your goals. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Brevity isn’t only the soul of wit; It’s also the starting point of a well-run warehouse floor. KPI discussion needs to be an ongoing conversation, not a once-a-month meeting fraught with concern and disappointment.

Tracking Warehouse KPIs for Maximum Optimisation

20Cube Logistics

A warehouse is a world of its own, loaded with complex tasks, but in recent times, the inclusion of technology to all the areas of the warehouse makes the tasks easier with increased efficiency and productivity. KPI#1- Inward. KPI#2 – Picking. KPI# 4 – Inventory turnover.

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What Are the Top Warehouse Management KPIs Every Supply Chain Exec Should Measure

Cerasis

Warehouse managers face many challenges. These challenges can be overwhelming, but supply chain executives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). The Top Warehouse Management KPIs: Receiving and Put-Away KPIs.

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What are the Top Warehouse KPIs to Succeed?

Supply Chain Game Changer

8 Ways to Improve Your Warehouse Fulfillment Efficiency! Supply chain leaders that wish to remain proactive to risks of disruption and improve operations need to understand the top warehouse KPIs and how they can mean the difference between success and failure. Subscribe Here!

Top Warehouse KPIs to Succeed in 2020

Veridian Solutions

Key performance indicators (KPIs) provide an invaluable way to judge the efficacy of operations, determine opportunities for improvement, improve customer experiences , and better manage supply chain functions, including warehouse management.

The Top Supply Chain KPIs to Know

Cerasis

The perfect order KPI tracks the overall accuracy and timeliness of each shipment. Perfect Order KPI = On-Time Delivery and Shipment KPI x Complete Order Percentage x Damage-Free Percentage x Accurate Invoicing Percentage. Calculate the perfect order KPI by multiplying the , the complete order percentage, damage-free percentage and accurate invoicing percentage together. To calculate the perfect order percentage, one must understand the on-time KPI.

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Patterson Pope’s 5 KPIs for Managing a Warehouse

The Logistics of Logistics

The warehouse is one of the most important links of the supply chain. It’s crucial to optimize warehouse management operations in order to compete with other businesses. The better you can quantify warehouse functions, the more you can increase output and improve the bottom line. Below are five KPIs to closely monitor in your warehouse: 1. Further, the whole warehouse management team can reduce man hours spent hunting for inventory that isn’t there.

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Walmart OTIF Fundamentals

SupplyPike

This means a Walmart truck or third party carrier dispatched by Walmart picks up the product at your warehouse and Walmart takes the responsibility of getting your product to the Walmart DC. Freight Shipping freight shipping KPI otif Walmart OTIF

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Supply Chain is not Only About the Money

DynaSys

This meant all invoices from the warehouse to the client were in accordance with the active service contract and returned from the client.

Are your warehouse and transport teams on ‘speaking’ terms?

DELMIA Quintiq

Not convinced that your warehouse and transport teams need to collaborate? Steve, the head of transport at a large retailer and Eddie, the head of warehouse operations both look at their daily operations from a very different angle.

Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

Cerasis

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. . Cerasis is squarely focused on transportation management through technology and managed services , however, there are logistics companies who offer fulfillment, warehousing, freight forwarding, and more.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

This is a simple key performance indicator (KPI), another name for metrics, to track. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. In any warehouse, tracking the product cycle time is essential to managing inventory.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

How to overcome distribution challenges with WMS features: 6 Tips

SCJunction

A common KPI in a growing business is to improve the bottom line of your distribution centre. A good Warehouse Management System can make a huge difference to your growth. Warehouse Best Practice

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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.

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Why demand sensing is value-based performance management

The Network Effect

Layering a demand sensing capability onto the overall demand management process will generate significant improvements to a company’s core KPI’s. Got Credit/Flickr. Pursuing improved forecasts is certainly not an academic exercise.

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WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Efficiency and accuracy should be tracked through a common KPI.

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Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

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.

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. Warehouse Management System.

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ToolsGroup’s COVID-19 Action Center Offers Support for Swift and Efficient Response to Supply Chain Disruptions

ToolsGroup

Highlights enhanced customer support including scenario simulation and KPI monitoring and benchmarking to help companies to be ready for anything. With ToolsGroup, the company can see all inventory by warehouse, location and item, in near real time.

Product News Update: April 2020

EazyStock

Fill Rate KPI. Service level is an important KPI for every stock-carrying company, but some companies don’t have enough data available to measure this properly. The fill rate data can be aggregated and displayed in different ways, for example by warehouse location or certain suppliers.

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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.

Walmart again Raises Chargeback Stakes

Enterra Insights

Whether you KPI them on Turnover or Profit Margin, having them buy into OTIF is crucial to managing the customers’ expectations.” ” Purchasing – “The KPI most used in Purchasing Departments is Stock Turn. ” Warehousing – “[Warehousing] finds Stock Accuracy and OTIF combined a winning combination!” ” Dispatch – “This is undoubtedly the area where OTIF is owned and this KPI alone is enough to keep this department focused.”

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Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. After benchmarking the average transit time from your warehouse, you can precise it more easily.

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. A presentation by Ed Smith from DHL resulted in a lot of interest, especially around emerging technologies related to use of “Google glasses” in the warehouse, the productivity tools (such as the follow-along cart), and pallet building visioning tools that could help warehouse workers build a safer and more solid pallet in real time.

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Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. After benchmarking the average transit time from your warehouse, you can precise it more easily.

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

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).

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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