article thumbnail

No Industry Has A Better Success Metric than Baseball

Logistics Viewpoints

In business, and the supply chain realm, no other success metric has this clarity. The post No Industry Has A Better Success Metric than Baseball appeared first on Logistics Viewpoints. Metrics and Standards strategy success

Metrics 262
article thumbnail

How to Combine Diverse Supply Chain Metrics

Arkieva

Learn how to combine very different metrics/KPIs towards a composite score, this is a question that comes up quite often in my conversations with customers. How to Combine Diverse Supply Chain Metrics was first posted on May 4, 2021 at 10:54 am. ©2017

Metrics 158
Insiders

Sign Up for our Newsletter

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

article thumbnail

My Take: Metrics that Matter

Supply Chain Shaman

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics. Last week, I held my new book in my hand.

Metrics 353
article thumbnail

5 More Reverse Logistics Metrics to Track

GlobalTranz

Companies across the globe have taken note of the value of big data analytics in logistics and how tracking key performance indicators (KPIs) and core metrics can dramatically affect supply chain performance. Key Performance Indicators Reverse Logistics reverse logistics metrics

article thumbnail

Become a Walmart On-Time In-Full Guru With the Ultimate Guide to OTIF!

Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF. Download this ebook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores!

article thumbnail

10 Multimodal Metrics to Track for Transportation and Shipping

GlobalTranz

Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference. Uncategorized multimodal metrics

Metrics 218
article thumbnail

Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 67
article thumbnail

Walmart OTIF Metrics

SupplyPike

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric.

Metrics 79
article thumbnail

Modern Metrics

synchrono

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Inventory Turns, On-time Delivery and Fill Rate provide an overall indication of Operations and Supply Chain health, while other metrics such as Schedule Adherence, Supplier Quality and Yield provide more localized insight.

Metrics 66
article thumbnail

Supply Chain Metrics that Matter

Supply Chain Movement

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Peppered with real-world examples from across industries, Supply Chain Metrics That Matter reinforces ideas with evidence.

Metrics 120
article thumbnail

Why You Should Embed Customer Service Metrics in Your Supply Chain

Speaker: Irina Rosca, Founder, sustainSCM and Director of Supply Chain and Customer Success Operations, Helix OpCo

Across industries, 81% of all customers attempt to take care of matters themselves before reaching out to a live representative. When there is so much information in customer feedback, why do supply chain managers leave such expensive insights on the table? Supply chain touches the product from conception until it arrives in the hands of the customer, and sometimes through the recycling process. Join Irina Rosca, Director of Supply Chain and Customer Success at Helix as she walks through the key questions to connecting the supply chain with the voice of the customer.

article thumbnail

Which Supply Chain Metrics Matter the Most?

Talking Logistics

Assuming you can start with a clean slate, are there any guiding principles to selecting the “right” metrics? One is they have way too many metrics. The third thing that [companies often overlook] is having metrics that are skewed to one side or the other — either skewed to the customer perspective or skewed more internally to the shareholder perspective, so it’s not a balanced approach.”. Which supply chain metrics matter the most?

Metrics 145
article thumbnail

What Are the Most Important 2020 Freight Metrics to Know?

GlobalTranz

The post What Are the Most Important 2020 Freight Metrics to Know? Data Freight 2020 freight metricsIn early 2020, the market forecast for freight looked bright. The turmoil of the U.S.-China China trade war appeared at an end, and few disruptions were believed to cause issues in 2020.

Metrics 156
article thumbnail

Inventory Metrics: From Insight to Action

Kinaxis

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. When determining the metrics required for any business process, the first question you need to ask yourself is, “What are the business goals of the process?” The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 250
article thumbnail

KPI Supply Chain: Parcel Metrics to Track and Boost Peak Season Value

GlobalTranz

The post KPI Supply Chain: Parcel Metrics to Track and Boost Peak Season Value appeared first on Transportation Management Company | Cerasis. Carving a successful footprint and managing to boost Peak season value involves the direct application of KPI supply chain best practices.

KPI 348
article thumbnail

Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

article thumbnail

Decision Yield and Other Disruptive Metrics

DELMIA Quintiq

There may be other metrics to describe the new operational world and supply chain we find ourselves in.

Metrics 156
article thumbnail

The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

Metrics 277
article thumbnail

Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore

Talking Logistics

This post from PINC’s blog highlights six warehouse metrics that all companies should be tracking, monitoring, and acting upon. The post Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore appeared first on Talking Logistics with Adrian Gonzalez. Editor's Pick Guest Commentary Guest Commentary - PINC Solutions Industry Trends Warehouse Management PINC Solutions warehouse management warehouse metrics

Metrics 134
article thumbnail

How To Select The Right KPIs & Metrics For Supply Chain

IT Supply Chain

The post How To Select The Right KPIs & Metrics For Supply Chain appeared first on IT Supply Chain. By Dwight J. Lawrence (pictured). Content Writer. Industry Talk

Metrics 92
article thumbnail

Aligning Metrics to Strategy

synchrono

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. And, we often find that when you have too many metrics, at some point they may even work against each other. See the Operations Metrics for Action Guide ).

Metrics 63
article thumbnail

Metrics that Matter: Inventory Effectiveness

QAD

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels. The absolute measure is less informative than the trend in the metrics. Tracking, Managing, and Choosing Metrics.

Metrics 89
article thumbnail

Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

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.

Metrics 92
article thumbnail

Reverse Logistics Companies: Using Metrics to Track Performance

GlobalTranz

The post Reverse Logistics Companies: Using Metrics to Track Performance appeared first on Transportation Management Company | Cerasis. The returns supply chain remains difficult to manage. In the age of e-commerce, that complexity only continues to grow.

article thumbnail

7 Cash Flow Metrics & KPIs You Should Be Tracking

Unleashed

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics?

Metrics 52
article thumbnail

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric? Some of the more likely are; A metric (like inventory performance) is monitored by financial analysts and therefore tied to stock valuation. by John Westerveld.

Metrics 250
article thumbnail

The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

Tracking the Metrics that Matter. While Ardent expects Procurement to rise to and tackle these challenges, tracking the metrics that matter will help them stay focused for full recovery. Inflation Metrics. Risk Metrics. Uncertainty Metrics.

Metrics 130
article thumbnail

The One Must-Have Metric for Warehouse Operations

CHAINalytics

Fortunately, there is one metric that we’ve found is the perfect introduction to data-driven improvements. It’s pretty simple: If you want to improve your warehouse operations and increase efficiency, you need to know where you’re starting from.

Metrics 102
article thumbnail

How To Use The Days Sales of Inventory (DSI) Metric

Unleashed

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is.

Metrics 98
article thumbnail

Sales Dashboards: 16 Metrics For Manufacturers

Silvon Software

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. Today’s post focuses on Sales metrics only. Basic Sales Metrics. More Complex Sales Metrics.

Metrics 77
article thumbnail

Total Manufacturing Cost Formula: Metrics that Matter

QAD

Improving communication between departments and comparing metrics across them. Improving communication between departments and comparing metrics across them. The post Total Manufacturing Cost Formula: Metrics that Matter appeared first on QAD Blog.

Metrics 69
article thumbnail

The 10 Procurement Metrics that Matter in 2021

Unleashed

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter.

Metrics 104
article thumbnail

How to Establish Early Warning Supply Chain Metrics

Arkieva

The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics. How to Establish Early Warning Supply Chain Metrics was first posted on October 11, 2017 at 10:00 am. ©2017 Supply Chain Supply Chain Metrics Metric used to measure Supply Chain Performance Supply Chain KPI List Supply Chain Metrics Dashboard

Metrics 94
article thumbnail

Want to Succeed with IBP? Mind Your Metrics

Logility

But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations.

Metrics 130
article thumbnail

Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization.

Metrics 165
article thumbnail

So Many Metrics, Which Ones Matter the Most?

Talking Logistics

When it comes to supply chain and logistics metrics, companies are either tracking too many of them or they have so many metrics to choose from that figuring out the right approach to performance measurement is a challenge. Are there any guiding principles to selecting the “right” metrics? What metric categories beyond cost and service are also important? The post So Many Metrics, Which Ones Matter the Most? Live Episode: Thursday, July 28, 2016 at 12:00 pm ET.

Metrics 106
article thumbnail

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

Metrics 149