The Most Important Distribution Center Metrics to Track and Understand

Cerasis

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? Data Distribution Logistics Supply Chain distribution center metric

Modern Metrics

synchrono

Modern manufacturers have the ability to connect their software systems and machines; pulling, aggregating and analyzing data from these resources in real-time and making it visible to all. 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. White Paper: Demand-Driven Manufacturing Metrics that Drive Action.

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Metrics that Matter: Inventory Effectiveness

QAD

Excess and obsolete inventory is a drain on resources, as is excessive safety stock. 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. Tracking, Managing, and Choosing Metrics.

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.

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. All these initiatives create competition for scarce resources and even more scarce time for change. See the Operations Metrics for Action Guide ).

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. When the forecast is accurate, you don’t waste resources manufacturing unneeded product, and priorities are clearer throughout the organization. Choosing Metrics.

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. But are employees being rewarded for metrics that do not in turn reward demand-driven flow and the customer signal (both real and imagined)? Metrics for Action.

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

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. While most metrics stop at the output level, multiple layers of metrics in a Hoshin Plan actually determine if you’re even focusing on the right targets. A sense of complacency can lurk behind benchmarks.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

As a finite but clearly valuable resource locked mostly in countries with difficult-to-track labor standards, cobalt’s supply chain has fallen under intense scrutiny in recent months, and companies are rushing to get their share. million metric tons (or 60% of the world’s supply). million metric tons. Companies are moving to secure as much of the resource as they can before the economic battle over it enters full swing.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

As a finite but clearly valuable resource locked mostly in countries with difficult-to-track labor standards, cobalt’s supply chain has fallen under intense scrutiny in recent months, and companies are rushing to get their share. million metric tons (or 60% of the world’s supply).

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

Logistics Metrics You Didn’t Know You Should Be Watching

Supply Chain Collaborator

The critical metrics managed with YMS for improved resource planning include: Inbound and outbound dock door scheduling. The post Logistics Metrics You Didn’t Know You Should Be Watching appeared first on UltraShipTMS. What if I told you were unwittingly undermining all the time, cost and effort your organization has invested in logistics IT solutions like TMS and optimization tools?

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

The Insight Hub doesn’t just give us an opportunity, for the first time, to house all this industry leading content in one place, it also gives us the scope, resources and platform to create, commission and curate a far broader collection of business-critical intelligence than ever before. This means if success for you is getting your content in front of fifty spot-on people then we’ll target them directly and use these lead generation metrics to measure success.

Are Your Manufacturing Metrics Meaningless?

synchrono

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Making Manufacturing Metrics Meaningful Again. Creating a common definition for key metrics and then letting a system, such as SyncView from Synchrono, serve that KPI up in a dashboard helps ensure everyone is working from the same version of the truth.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

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. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

Why Demand-Driven Manufacturing is Focused on Metrics for Action

synchrono

Demand-driven managers know that having too many metrics leads to conflicting measurements. We call these Metrics for Action. Metrics for Action. Metrics for Action are not intended for overall business analysis or for simply reporting. Rather, they are metrics grounded in Lean Manufacturing , Constraints Management, and Six Sigma principles that serve as operational indicators that can be acted on to improve production flow and ultimately, Throughput.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics.

No Trash Talk Allowed

Supply Chain Shaman

A resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. While all leaders can agree that they want more assets and less trash, there is confusion about the best metric. ROIC: Colgate and other consumer products companies swear by the Return on Invested Capital (ROIC) metric. The more work that I do on metrics, the more I become a fan of ROIC. Definition of Asset.

Increase Throughput by Replacing Manufacturing Productivity and Efficiency Metrics with These Two KPIs

synchrono

Manufacturing productivity is a useful metric for measuring the health of manufacturing at a national or global level because it tells us something about whether our factories, in general, are working or sitting idle. Automation helps us get more done, in less time, with fewer resources.

Tracking Metrics That Matter in Project Manufacturing

Supply Chain Brain

Generating the right resource forecasting, labor-hour scheduling or resource allocation information can be a challenge for project-oriented manufacturers

Do Supply Chain Planning systems generate any value?

Kinaxis

The issue is that none of their IT investments in the last 10 years have moved the needle on operational metrics such as inventory levels, case fill rates, and other operational metrics. As technologies evolved over the course of the last decade, there was a promise that investments in software like Enterprise Resource Planning (ERP), Supply Chain Planning (SCP) or Business Intelligence (BI) would improve corporate performance.

New Freight Broker Resource Guides Available from TIA

DAT Solutions

The Transportation Intermediaries Association (TIA) has released three new resource guides this year and has updated several of its sample contracts. New guides published in 2017 include: FDA Food Safety Modernization Act Resource & Guide - An overview of the new requirements for the transportation of human and animal food in the U.S. Intermodal Resource. TIA/TMSA 2016 Sales & Marketing Metrics Study.

Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

Local resources, in the countries of final distribution, manage demand and inventory planning. Supply chain excellence Supply Chain Talent Supply Chains to Admire cold chain healthcare Metrics That Matter Novo NordiskWith more than 90 years of innovation in diabetes care, Novo Nordisk is a global pharmaceutical leader. The logo to the left showcases the evolution of the brand over time.) The Company’s goal is to defeat diabetes and drive better patient outcomes.

Insights into ERP systems in supply chain planning and implementation

Kinaxis

In my interview we discuss how to define enterprise resource planning (ERP) systems in supply chain planning, the reasons why we need ERP systems, problems faced with implementation and how to successfully implement a new ERP system in a corporation. So you go through and implement general ledger, ARAP, the human resource type modules. ” Best practices Enterprise resource planning (ERP) ERP ERP systems Implementationby Dustin Mattison.

System 133

Sage Advice? Only for Turkeys.

Supply Chain Shaman

” Or twisting the arm of the COO to use an Enterprise Resource Planning system to build the “right house of best practice ” to drive supply chain excellence. The only metric that we have improved through ten years of IT investments is the revenue/employee number. Bricks Matter Demand Market-Driven supply chain community Supply chain excellence supply chain execution Supply Chain Index supply chain management supply chain metrics that matter

Turkey 196

Demand Planning – We Must Grow our own Garden

DynaSys

These are the metrics a demand planner needs to know and understand to confirm their assumptions. This will focus the resources and optimize the processes of your company, making it more agile. Featured Market trends data Demand Planner Demand Planning Forecast Forecasting Garden Gardening Lezenven Ludovic Lezenven Metrics Nurturing Product Life Cycle Promotional effects Shortage Supply Chain VoltaireIn my backyard I have a garden where I grow fruits and vegetables.

Supply Chain is not Only About the Money

DynaSys

In other words, these are projects with benefits that are not visible in short-term financial metrics, but extremely important from a long-term perspective. To think a bit more globally – why do we need to destroy something that can be reused again with less resource than to produce a new one? Indeed, financially-oriented metrics do not show everything that is important.

9 More Warehouse Key Performance Indicators for 2020

Veridian Solutions

Internal Operations—Inventory Carrying Costs: Calculating inventory carrying costs is perhaps the most important metric of all. Suppliers—Backorder Rate: The backorder rate is an equally important metric and warehouse key performance indicator for supply chain management. Suppliers—Lead Time: While the lead time may not seem like an important metric to track, insights into supplier lead-times help supply chain leaders better plan replenishment.

Your supply chain is costing you money – Reason #8: Keeping supply chain information in silos (and preventing your users from making the best decisions)

Kinaxis

In today’s competitive manufacturing environment, the only metrics that count are how a change impacts the company’s goals. What if in addition to the late items, the CSR had information about who was responsible for the items or resources that were late. Put this information into the hands of your planners and suddenly they are making decisions based on the impact to the company, not just to their own internal metrics (like expediting costs). by John Westerveld.

Your supply chain is costing you money – Reason #3 Not having end-to-end supply chain visibility

Kinaxis

You cannot look at aggregated data without running specialized reports or extracting the data and loading it into a BI tool.Visibility also means understanding the impact of your decisions on key corporate metrics. Demand management General News Supply chain management Business Business intelligence Enterprise resource planning (ERP) ERP Friday Lead time Manufacturing Sales and operations planning Supply chain by John Westerveld. Not having end-to-end supply chain visibility.

You are Here!

synchrono

Waiting – Time spent waiting for the resources or materials needed to complete the next step. Here are a couple of recently published resources that can help you get started: How SyncKanban Addresses the 8 Types of Waste in Lean. Each of these types of waste has at least one metric associated with it. While there isn’t always a clear 1:1 correlation, the chart below shows just some of the most common metrics impacted when improvements are made.

The Rewards of Supply Chain Transformation: Avaya’s Journey

Kinaxis

This meant a lot of resources were going into gathering, sorting and translating data , leaving little time to garner any intelligence or make any change or improvements for the business. It not only impacted key operational metrics (like reducing gross inventory levels, improving inventory turns and reducing cash-to-carry cycles) but also had a huge impact on corporate culture. by Meranda Powers Change, even under the most ideal circumstances, is difficult.

[INFOGRAPHIC] Optimize Manufacturing Operations with these 5 Golden Manufacturing Metrics

Cerasis

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality. However, effectively measuring, analyzing, and improving upon those manufacturing metrics is more complicated than it may seem.

Change Leadership – Attack on all Fronts for Success!

Supply Chain Game Changer

For very high impact, Game Changing projects it is usually the case that there is a large ecosystem of factors and resources at play that have varying degrees of influence on what you are trying to achieve. Resources. Metrics. Subscribe Here! Email Address.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Misguided performance isn’t helpful, it’s just resources spent. Gathering an insight into the availability of a supplier will allow you to allocate resources intelligently; knowing which suppliers you can rely on, and which you can not. Gauging the ability to develop suppliers by measuring resources and time spent is a fairly good indicator of your ROI from a supplier relationship. procurement #purchasing #metrics #highperformance. Subscribe Here! Email Address.