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

Transportation Metrics That Matter Most to Track and Improve Performance

GlobalTranz

As supply chains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Why Monitor Transportation Metrics. Start Tracking the Right Metrics by Choosing the Right 3PL.

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Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

GlobalTranz

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

GlobalTranz

But, how do supply chain leaders and managers ensure their omnichannel supply chain is working. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

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.

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

GlobalTranz

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

IoT Benefits for Supply Chain Operations

Enterra Insights

Many experts believe the Internet of Things (IoT) is poised to revolutionize supply chain operations. Steven Manifold, Chief Marketing Officer at Ubisense, believes the revolution has also been slowed by a lack of understanding on the part of supply chain professionals.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

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). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

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? On-Time Shipping.

Total Manufacturing Cost Formula: Metrics that Matter

QAD

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. Why is it Important to Calculate Total Manufacturing Costs for Supply Chain Efficiency? Maybe you could reduce shipping costs by making more bulk purchases or buying more locally.

A new path forward in supply chain technology

Logistics Viewpoints

Supply chain is an industry slow to change. The evolving logistics issues brought on by the coronavirus pandemic, increasing port congestion and the continued acceleration of significant and devastating weather events are wreaking havoc on supply chains around the globe.

6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. In supply chain, oftentimes when you focus your efforts on one part of your supply chain, another part of it could suffer.

A New Decade: Give Science A Chance

Supply Chain Shaman

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade.

CSR Initiatives in the Global Supply Chain

The Logistics & Supply Chain Management Society

The global supply chain industry has by default, a large environmental impact, through its carbon footprint. We are committed to preparing the supply chains of the future. LogiSYM Supply Chain Magazine – September 2021.

The 10 Procurement Metrics that Matter in 2021

Unleashed

Purchase management improves profitability by helping to reduce raw material costs, streamline processes, and identify better sources of supply. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities. Supply chain cycle time.

Know Your Supply Chain KPIs – Procurement

Logistics Bureau

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. Cycle times are critical in the supply chain.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. Supply chains are not the same.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Cash-to-cash is a compound metric.

[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

GlobalTranz

Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. We hope you enjoy this comprehensive look into data, business intelligence, metrics, and the CORE KPIs every shipper and manufacturing or supply chain professional should know in order to continually improve business practices and reduce overall costs.

Making Supply Chains Fit for Function

Enterra Insights

With so much being written and discussed about supply chain transformation, it’s good to remind ourselves what supply chain management is fundamentally about. Lora Cecere ( @lcecere ), Founder and CEO of Supply Chain Insights, bluntly states, “The best supply chains are fit for function.”[1] ”[1] She goes on to note that today’s supply chains need leadership not management.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Supply Chain Index.

Why Do We Forget to Define Supply Chain Excellence?

Supply Chain Insights

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Throughout the great discussions within these courses, I couldn’t help but notice a general theme – people are forgetting to define (or ask) what supply chain excellence looks like for their companies! End-to-End Supply Chain Maturity Stages.

Consumers Priorities Driving Major Supply Chain Changes

Kinaxis

Free shipping? How about completely changing the way you operate your supply chain? The rules around supply chain management are changing, and customers are sitting firmly in the driver’s seat. More and more companies are making big, public announcements on how they’re changing their supply chain practices to better align with what their customers care about.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge.

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. The Customer-Centric Supply Chain Strategy needs both.). Supply Chain Alignment.

5 Steps to Supply Chain Orchestration Success

OneSCM

Supply chain orchestration functions much the same way, with business systems from all trading partners and all transactions connected and working efficiently to create a seamless business. Receivers know when items have shipped and what size shipment to expect and when. The optimum supply chain orchestration systems encourage collaboration with suppliers of varying volume, technology and integration levels. Automation Supply Chain Efficiency

Supply Chain KPIs You’ll Want Every Morning

Logility

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Supply chain cost per unit sold. Your Supply Chain Type.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Improving supply chain processes can be a strategic way to free up time to focus on the most important aspect of the restaurant business—happy customers. Key to this opportunity is working with a credible, aligned outsource supply chain provider.

Preparing Skills for the Future of Supply Chain Management

Kinaxis

by Bob Ferrari The following guest blog commentary is contributed by Bob Ferrari, Founder and Executive Editor of the Supply Chain Matters blog and Managing Director of the Ferrari Consulting and Research Group LLC. My topic was: Positioning Your Skills for the Future Needs of Supply Chain Management , and in this 21 st Century Supply Chain guest blog, I wanted to share some of my key messages to this audience as well, since this is a topic frequently brought up.

Building the Business Case for Supply Chain Risk Management

GlobalTranz

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Financial balance sheet improvements cannot be driven by traditional supply chain processes. In the words of a supply chain leader yesterday, “Lora, please give me stories of success. I will write the case studies here, and share the dialogue with the supply chain leaders in our podcast series, Straight Talk with Supply Chain Insights. When I first met Nick, he was driving a supply chain transformation at VTech Communications.

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.

The importance of reverse logistics in your supply chain network

Kinaxis

In supply chain networks, materials flow from suppliers through to end customers. Supply chain executives measure the effectiveness of that flow using the on-time delivery (OTD) metric. It’s a common supply chain measurement, focused on ensuring delivery to the end customer is fast and efficient from the time the customer puts his or her order in place. All these processes require the product travel in reverse through your supply chain network.

The Supply Chain Workload Iceberg!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization. This can be analogous to the work done in Supply Chain. The Supply Chain Workload Iceberg.