Remove Logistics Remove Procurement Analytics Remove Sourcing Remove Supply Chain Performance
article thumbnail

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

GlobalTranz

Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. Cost reduction is still very important.

article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

article thumbnail

Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

article thumbnail

Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like?

Logistics Viewpoints

Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. The only bright note is that shipping costs will be a fraction of what they were over the last several years. Source: Descartes Datamyne. Figure 1: U.S.

article thumbnail

Report from Food Marketing Institute Highlights CPG Logistics Challenges

Zipline Logistics

The past 12 months have been a year unlike any other for suppliers and providers in the CPG logistics world. Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods.

article thumbnail

Changing Winds in Supply Chain

Supply Chain Shaman

The building of the global supply chain over the last seven decades evolved based on three assumptions: Number 1. Logistics is available. With availability assumed, the traditional focus of supply chain practices was on negotiating the lowest price. Shippers pushed cost and waste backward in the supply chain.