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

GlobalTranz

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.

Insiders

Sign Up for our Newsletter

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

The 10 Procurement Metrics that Matter in 2021

Unleashed

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement?

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.

How to Optimize Shipping Costs Across All Modes With Analytics

Intelligent Audit

Many factors play into shipping costs within the supply chain network. Optimizing shipping costs and examining the budget and current spending will help improve operations across the supply chain network. . Maximize Savings on Shipping Costs With the Right Analytics Partner.

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.

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.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

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).

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.

5 Ways Real-Time Freight Analytics Create Competitive Advantages

Turvo

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. It also is making shipping managers change the way they operate. Today’s Changing Shipping Industry Requires Adaptability And Versatility.

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).

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.

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.

KPI 69

How Can Green Logistics Foster Growth for CPG Brands?

Zipline Logistics

Maintaining positive public perception has become a powerful source of differentiation for CPG brands. When most recall images of corporate sustainability, eco-conscious consumer packaging or material sourcing are likely some of what comes to mind.

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.

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.

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

GlobalTranz

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.

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.

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. Consignor — The originator of shipped products.

How Pure Storage Withstood the Pandemic

Logistics Viewpoints

Shipping of finished products is done from the manufacturing sites. The factory then builds, tests, and ships product – often within 24 hours. Dual sourcing has also helped with partner responsiveness. This gives Pure real-time visibility to core performance metrics.

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.

4 Ways to Optimize Your Transportation Network Strategy

Intelligent Audit

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics.

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.

Cargo 43

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.”

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.

SCM 109

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.

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.

Data 276

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.

6 Tips to Reduce Total Logistics Cost Using Freight Data & Analytics

Intelligent Audit

This process uses real time dashboards to monitor and streamline shipping optimization, which lowers costs and increases team efficiency by reducing time needed to designate to a project. . Track the Right Metrics Based on Unique Operations. than measuring what’s happened.

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.

New IMO 2020 Regulations Help Reduce Marine Sulphur Emissions

CH Robinson Transportfolio

This bold initiative, which goes into effect on January 1, 2020, will help reduce the environmental impact of the international shipping industry. . Ocean shipping , an efficient and cost-effective means for transporting international goods, accounts for more than 80% of global trade.

The Important Role of Data Mining in Supply Chain Operations

USC Consulting Group

By collecting, sorting, and analyzing large amounts of data from various sources all at once, data mining helps companies discover valuable patterns and trends in their business operations.

Data 52