ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Supply Chain Shaman

FEBRUARY 18, 2021

More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. Dwell times grow as more and more ships sit in the ocean waiting to unload. Watermelon Metrics Don’t Drive The Right Results.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 267

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. Marshalling can reduce returns caused by either the incorrect goods being shipped or the goods being faulty. It also includes pick confirmation to make sure that the items allocated to the order are the ones being shipped.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Supply Chain Shaman

APRIL 18, 2023

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. A planning master data layer measures and tracks shifts in lead times, conversion rates, and quality.

Supply Chain Planning Software 362

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 362

Logistics Viewpoints

JUNE 19, 2023

In dynamic slotting, goods for which there is high demand are located nearer to the shipping docks to minimize travel. It is better to receive inventory on a loading dock, take the inventory needed for a hot shot shipment, and move that inventory through the DC to a shipping dock where it is loaded on a truck. It doesn’t.

Supply Chain Design Software 237

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 237

OptiProERP

APRIL 9, 2024

Quality control measures are integrated at various checkpoints to ensure compliance with specifications and standards. Quality Assurance Quality assurance ensures that products meet predefined quality criteria. Continuous improvement initiatives help enhance product quality and customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

SYSPRO Smarter ERP

NOVEMBER 2, 2023

Quality management (QM) ensures products are delivered to a specific quality standard and that processes maintain those standards. Smart machines enable better monitoring of production equipment and real-time reporting in case of quality issues and machine problems. It can also help to reduce costs, rework and scrap.

Quality 106

Quality Manufacturing Metrics Analytics Software 106

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Generative AI and LLMs have potential benefits but face challenges such as data quality across large data sets and ethical implications with bias, fairness, and transparency. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

SYSPRO Smarter ERP

APRIL 24, 2023

This process involves multiple stages, including receiving the order, getting parts and materials, manufacturing or assembling the items, picking and packing in the warehouse, shipping, and tracking the shipment to ensure successful delivery. Returns processing involves quality control checks and sorting returned products accordingly.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logistics Viewpoints

MAY 19, 2022

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Inbound Supplier Quality Levels : The quality of products produced depends heavily on the quality of products delivered by the inbound suppliers. Therefore, it is important to measure how well these suppliers meet the expected high level of quality. can be measured to define this metric. Manufacturing KPIs.

Manufacturing Procurement 105

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

Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Fill rates, Perfect Order, Delivery Quality, Inventory turns, Order Status. Bankruptcy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Shaman

MARCH 18, 2018

Financial Reengineering is the radical redesign of business processes and organizational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Sounds good? Think again.

Optimal Sourcing 168

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 168

ToolsGroup

DECEMBER 16, 2021

Fulfilling customer orders in the most optimal way possible for both the customer and retailer, keeping costs low while still meeting customer expectations for speed and quality of service.This may include in-store or curbside pickup of online orders (also called click-and-collect, or BOPIS) or shipping from stores.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail. It enables companies to understand their suppliers.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

GlobalTranz

OCTOBER 2, 2017

According to Mitchell’s NY , last mile logistics is seen as the least efficient leg of shipping, and it accounts for up to 20 percent of the total shipping cost of a product. Performance measurement goes back to cutting costs wherever possible, without sacrificing quality or service. Be Consumer-Centric. Measure Performance.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

Intelligent Audit

SEPTEMBER 30, 2021

The GRI shipping term refers to the usual increase in fees that are applied to container shipping rates. To help your company keep total costs in check, this blog will dig into the fundamentals behind GRI shipping increases, what a GRI surcharge is and a few other things to know. What GRI Stands for in Shipping.

Shipping 52

Shipping Expense Reduction Cost Reduction Strategies Resource Reduction 52

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery. MORE FROM THIS EDITION.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Kinaxis

SEPTEMBER 6, 2016

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. Any such event will cause congestion in the ports.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

ThroughPut

DECEMBER 3, 2019

Nothing was really in our control, and we had to make it work with existing teams & existing resources in our existing situations (during invasions, offshore on a ship, knee-deep in Oklahoma mud & the usual). The only real metric that ticks for an Entrepreneur is burn rate. Entrepreneurship was and is no different.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Quality Manufacturing 52

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Elementum

AUGUST 31, 2022

The manufacturing responsibilities of the supply chain manager could include organizing raw material deliveries, testing production quality, and implementing recycling programs or returns for excess or substandard materials. The post Elements of Supply Chain Management appeared first on Elementum.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Locus

NOVEMBER 28, 2023

Incorrect Order Shipped: 41% of customers returned their order due to it being a wrong one. Shipping the wrong product can be fixed by optimizing the package sorting process. It is vital that shippers optimize the below metric to success in their overall growth. Better product handling should be done to reduce this issue.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

SCMDOJO

JUNE 14, 2023

Implement a Quality Control Process Implementing a quality control process can help ensure that all shipments meet your company’s standards and requirements. Implement Performance Metrics Implementing performance metrics can help you track the efficiency and effectiveness of your “money zone” and identify areas for improvement.

Supply Chain Optimization 96

Supply Chain Optimization Supply Chain Planning Software Supply Chain Planning Supply Chain Software 96

Supply Chain Game Changer

NOVEMBER 3, 2022

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). This systematic approach helps organizations ensure that they’re receiving high-quality materials at a reasonable price from their vendors. Procurement Management. Key Takeaway.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Unleashed

APRIL 11, 2024

That’s why AOV is an essential metric to improve. Consider offering volume discounts and free shipping incentives to lift AOV. Seaweed is an emerging industry in New Zealand, so finding local seaweeds at food grade quality is an ongoing challenge.” Other tactics include upsell, cross-sell, and product bundling.

Waste Reduction 52

Waste Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Elementum

AUGUST 3, 2022

A plan and a set of metrics are developed to monitor and assess all activities. At this point, companies must find reliable suppliers and different methods for other functions, such as shipping, delivery and payment. Development After planning, the next step is the development of products or services.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Planning 78

Enterra Insights

DECEMBER 12, 2019

He noted, “Additive Manufacturing will eliminate or enhance tooling allowing for the quick development of custom tools, fixtures, and jigs to improve quality and through-put. … Advanced Robotics will help to reduce quality problems, lower worker’s compensation costs and reduce repetitive stress injuries.

Analytics Software 100

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 100

crisp

DECEMBER 15, 2021

These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Reduced OOS is our outcome, but we still need to build out the driver metrics to understand steps leading up to it. Is the warehouse shipping goods on time? Before the warehouse, the supplier has to ship the product or raw material.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Supply Chain Shaman

MARCH 5, 2019

I was at a customer last week that shipped to distributors and did not know the site of customer facilities. The focus is on functional metrics, but are unable to get to overall supply chain metrics. Quality data. This is a control center to mine consumer review data to control supplier part quality. Master data.

Supply Chain Design Software 272

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 272

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Demand Solutions

DECEMBER 30, 2014

And let’s say that we have seven line items in stock and can ship them complete. To fill the 8th line item complete we had to ship the product from a DC across the country. For the 9th line item we ran an overtime production shift to get the order shipped complete on time.

Forecasting 190

Forecasting Supply Chain Planning Supply and Demand Scenario Planning 190