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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. A pull system is better than a push system.

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Pharmaceutical Supply Chains Need Supply Chain Visibility Tools

Savi

And in cases where medicine is needed for humanitarian crises, the importance of pharmaceutical supply chain efficiency is magnified. Avoiding disruption and reducing costs are two very compelling business reasons for pharmaceutical companies to invest in tools to improve their supply chain visibility.

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The Importance of Visibility In the Supply Chain

Precoro

This can be achieved by improving supply chain visibility. In this blog post, we'll answer the following questions: What is supply chain visibility? What do high-visibility supply chains look like? How can supply chain visibility be achieved?

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The Missing Step to Most Supply Chains that Increases Efficiency

SCMDOJO

But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain.

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6 Ways Energy Companies Can Benefit from Procurement Technology

EC Sourcing Group

Simfoni’s procurement technology provides real-time visibility into the entire supply chain, enabling companies to track and monitor suppliers, inventory levels, and deliveries. This visibility helps identify potential bottlenecks, mitigate risks, and optimize the overall supply chain performance.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

The pandemic uncovered the dangers that a global crisis can pose to businesses when supply chains are not equipped to operate during crisis. Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Analytics for Diversifying the Supply Base.

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What is OTIF? Meaning, Calculation, & How to Improve

Unleashed

OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. It measures inventory availability and the ability to meet customer orders as they come in. Vendor performance OTIF can be used to assess vendor performance.