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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Promise time, lead time, cycle time, transit time, delivery time, unloading time, processing time, queue time, quality assurance time, processing time, turnaround time, receiving time, and shipping time to the customer, (and I bet you could think of more "times" to measure!). 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? In addition, Jim says many retailers are facing inventory management challenges in the realm of “ship from store” and “pickup at store” fulfillment models.

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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. This measures the number of orders or order lines shipped on time and without backorders or shortages. This is calculated by dividing the total number shipped in full and on time by the total number scheduled. Choosing Metrics. Everything has a cost, and every decision affects multiple metrics.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations.

Last Mile Metrics: 11 Metrics to Measure in Last Mile Logistics

Cerasis

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? The answer to this question lies in using last mile metrics to track key performance indicators and target levels of service to ensure accountability, visibility and continued reduction of costs in last mile delivery. Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

While we live in an age where same-day delivery and free shipping have become customer expectations, we also live in an age where dimensional weighting and quarterly accessorial increases have become a reality from the carrier. Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Use the Correct Metrics.

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. Be sure not to penalize or reward suppliers based on your choice of shipping method. Specific Quality Metrics.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

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. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc).

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

What’s my shipping strategy? Source your products. Before you build an online store, you need to source your products. There are several avenues you can take to source products from working with local stores or suppliers to wholesale distributor options.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. This is difficult for the average company since only one in two supply chains have source, make and deliver reporting through the same organization (reference Figure 1).

What is SKU? A complete guide to Stock Keeping Units

Unleashed

For example SKUs in Unleashed are used in the Product Code field and can be added manually, or uploaded in bulk from an external source. Other useful SKU metrics. Understanding this metric helps you identify products that are soaking up costs sitting in your warehouse too long.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

The result is expensive; using faster shipping methods to get the part back on the shop floor. Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment. Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider.

Food Trends That Could Have an Impact in 2021

Zipline Logistics

Those cutting-edge technologies are enabling companies to create personalized nutrition plans for users based on biological metrics. Increased Sourcing Transparency . Consumers have shifted purchasing trends to favor products that use more sustainably sourced food ingredients.

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Overall Costs of Less Than Truckload Freight Shipping. For an organization to justify the cost of using Less than truckload freight shipping, the topic of return on investment usually crops up.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. Michael answered his own question by pointing out that most companies have some combination of transportation management systems (TMS), warehouse management systems (WMS), order management systems (OMS) or an ERP that contain tremendous amounts of data that they can use to better understand service levels, freight spend, profitability, and many other metrics.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

These are a la carte, or per service, and outside of standard shipping and receiving. Carriage — In maritime shipping, carriage refers to the movement of cargo on a vessel after loading and before unloading. Collect Shipping — A type of billing that charges the consignee with freight costs rather than the consignor. Consignor — The originator of shipped products. Container — A large box used to transport freight via maritime shipping methods.

Walmart Sales Analytics – Inside the Insights

SupplyPike

Therefore, each retailer tends to use similar sales metrics with a few exceptions. Those new to retail metrics may not know what critical sales or metrics are or why they are so critical for Walmart sales analytics. These metrics represent the sum of dollars sold at the register and the sum of units sold at the register, respectively. Necessarily, these metrics inform every part of Walmart sales analytics- from the simple to the advanced. Ships and Sales.

Countdown to Black Friday: It’s the Final Countdown, So Get Your Shipments Up in the Air

CH Robinson Transportfolio

Understand the metrics of air cargo: time and money. In addition, consider the ancillary services that happen behind the scenes, such as customs clearance and distribution/delivery sourcing. Global Transportation Air Black Friday ShippingIt’s not too late to get your product to store shelves in time for Black Friday, thanks to the swift performance of air cargo service.

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5 Steps to Supply Chain Orchestration Success

OneSCM

Receivers know when items have shipped and what size shipment to expect and when. Opening up the relationship and sharing information and metrics across all critical departments gives trading partners insight and allows them to understand where they can best improve the quality of their products and services. Can you see and manage your entire global supply network from one single source? We call it a single source of “data truth.”

Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

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. Data Variety The more different types of data sources you factor in (e.g.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

To create flexible and balanced supply chain organisation, it is necessary to integrate strategy, processes, metrics, and technology enterprise wide and across customers, suppliers, and service providers. Identify sourcing plant/s which can back-up each other in times of disruptions.

Making Supply Chains Fit for Function

Enterra Insights

”[2] The staff at Advanced Transportation Systems (ATS) adds, “Supply chain management deals with the procedures encompassing sourcing components a company requires to develop its products or service to deliver the end product to customers. Sourcing. “Each supply chain manager needs to supervise the taking in of raw materials, making and testing of the product or service and shipping it.

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Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. 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. However, to use these data sources, we must break paradigms and focus on the use of non-relational techniques. We finished dinner.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Sustainable Logistics Practices Can Serve as a Differentiator for CPG Brands

Zipline Logistics

Sustainability is an often-discussed concept that can be a reliable source of differentiation for CPG manufacturers. Now, when most think of sustainability, they think of ethical sourcing or environmentally friendly packaging. Tracking Key Metrics to Drive Performance Improvement .

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global.

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used. Sometimes a third party source outside of the company needs to be accessed for data.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Every decision becomes more impactful based on these metrics. By aligning elements of a supply chain to various geographies, it’s simple to drive efficiency and reduce shipping timelines. With foodservice providers shuttered, it’s been an uncertain year for many.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Source ID. It will allow for the automation of more complex warehousing tasks, such as unloading shipping containers and picking packets or individual e-commerce orders. Source ID. Source ID. The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Source ID. Source ID. Source ID. Source ID.

How Gen Z's Consumer Expectations Drive New Supply Chain Trends

AFFLINK

Gen Z has grown up with two-day and same-day shipping. This has driven many companies to engage in last mile shipping services: rather than shipping to stores, more companies are having to ship directly to consumers. Many companies have started using resources such as Amazon FBA (Fulfillment-by-Amazon) as a way to offload these last mile shipping needs. This is increasing purchasing of bespoke, ethically sourced goods rather than generic mass market products.

Defining Your Own Logistics Competitive Weapon

Talking Logistics

Source: “Tech in Asia” – https://www.techinasia.com. What is the impact of Prime’s service offerings, including fast and free shipping, on Amazon’s top-line growth? Of course, Amazon’s ever-growing shipping and logistics costs are a drag on profitability, which the company offsets in part with its highly-profitable cloud computing business.