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.

Supply Chain Metrics that Matter

Supply Chain Movement

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Peppered with real-world examples from across industries, Supply Chain Metrics That Matter reinforces ideas with evidence.

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Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization.

Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise.

How To Use The Days Sales of Inventory (DSI) Metric

Unleashed

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Business Tips inventory management inventory management software manufacturing

Sales Dashboards: 16 Metrics For Manufacturers

Silvon Software

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. Today’s post focuses on Sales metrics only. Basic Sales Metrics. More Complex Sales Metrics.

Total Manufacturing Cost Formula: Metrics that Matter

QAD

An Enterprise Resource Planning system is software that can help you manage all of the core supply chain, manufacturing, services, financial and other processes related to your organization. Improving communication between departments and comparing metrics across them.

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

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. The typical example is as follows; A company uses complex software to model the supply chain considering a desired customer service level, lead time data, and statistical analysis of supply and demand variability. by John Westerveld.

The 10 Procurement Metrics that Matter in 2021

Unleashed

This is often managed with the help of supplier management software or inventory management software. Accelerating value capture by leveraging digitisation, supplier management software, and spend analytics. What is procurement?

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.

American Software Reports Third Quarterof Fiscal Year 2022 Results

Logility

ATLANTA (February 23, 2022) American Software, Inc. million for the same period last year and software license revenues were up 87% to $1.0 million for the same period last year, while Software license revenues increased 30% to $2.3 About American Software, Inc.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

GlobalTranz

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Energy used in handling returns : This metric is used in sustainability programs.

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. Consider unreimbursed freight as an early warning signal, and then use these other metrics to pinpoint the sources of the problems. Choosing Metrics.

Why a Software Proof of Concept (POC) Is Better than an RFI

ToolsGroup

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. Software selection is risky. 6 Focus on the wrong metric.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). She is the author of the enterprise software blog Supply Chain Shaman , which attracts 5,000 readers weekly. Metrics that Matter became a three year research project. I hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered.

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence. Quality Metrics Defining the Future of Manufacturing.

Planning Software: Insights on User Satisfaction

Supply Chain Shaman

How Happy are Planners with Their Software? Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. As a research analyst, I am studying things that are incredibly difficult to measure. The topics may sound easy, but they are not. In my research, I answer questions like: Which technology systems drive the greatest satisfaction? How satisfied are users with supply chain planning technologies?

17 Wholesale Software Features For SMEs To Look For

Unleashed

For any wholesale business, software has become critical to survival. So what should you keep an eye out for when you’re shopping around for wholesaling software? Learn more: Handle your wholesale orders with confidence Why is dedicated software so crucial for a wholesale SME?

Can you Risk Implementing Enterprise Software from a High Growth Company with Large Losses?

Logistics Viewpoints

When companies consider implementing enterprise software, standard operating procedure would be to look at a public company’s financials before deciding to implement the solution. If the software company is private, the prospective customer often asks for the right to view their financials.

Why You Need an International Freight Audit Software

Intelligent Audit

The continued growth of the TMS market means new software will be available, resulting in more data streams and increased access to data and supply chain management insights. International freight audit software can make it easier to manage freight costs, profits, and budgeting concerns. .

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.

DIFOT: A Metric of Supplier Performance

Unleashed

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. If you are measuring your own DIFOT scores as a distributor, you can use the metrics to promote your own success and ability to fulfil demand.

Onfleet software helps facilitate over 100M deliveries

The Supply Chain Journal

Less than six full years after its launch, last-mile delivery management software company Onfleet has facilitated its 100 millionth delivery and said it has doubled its revenue for the sixth consecutive year.

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

If you wish to enhance your manufacturing throughput using our supply chain management software – ELI you should try a free demo today. The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut.

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

If you wish to enhance your manufacturing throughput using our supply chain management software – ELI you should try a free demo today. . The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut.

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

If you wish to enhance your manufacturing throughput using our supply chain management software – ELI you should try a free demo today. . The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut.

Quantum Inventory Theory?

The Smart Software

appeared first on Smart Software. Blog Demand Planning Inventory Optimization Operational Analytics demand planning implementations efficient stocking ERP forecasting software inventory modeling inventory optimization kpi metrics overstock probabilistic modeling statistical forecasting supply chain analyticsPhysics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life.

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. Selling licenses does not translate into implemented software. ” LLamasoft: Recycled Software Assets Offering Hope? LLamasoft will begin providing software maintenance, support and services to all LogicTools customers effective immediately. It is morning in Orlando. The sun is rising.

9 PLM Software Essentials to Help Advance Your Business

Arena Solutions

If your organization is currently using product lifecycle management (PLM) software or considering it for the near term, you’re part of a growing trend that continues to gain momentum across many industries. What’s Driving the Movement to Adopt PLM Software?

Multi-Carrier Shipping Software Solutions for 2021

ShipBob

Luckily, multi-carrier shipping software solutions for 2021 simplify shipping, so that brands can focus on what’s most important — growing their business. Read on to learn how multi-carrier shipping software can help you grow your brand by taking the complexity out of shipping. .

Logistics Metrics You Didn’t Know You Should Be Watching

Supply Chain Collaborator

Yard Management System (YMS) software is the crucial missing piece of the supply chain automation program. 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.

Riding the Tradeoff Curve

The Smart Software

The post Riding the Tradeoff Curve appeared first on Smart Software. Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand forecast demand planning implementations efficient stocking ERP forecasting forecasting software inventory modeling inventory optimization kpi metrics overstock overstocking probabilistic modeling statistical forecasting stockouts supply chain analytics understock

3 Practical Metrics for Supplier Performance Evaluation

Logistics Bureau

Supplier Performance Metrics for Every Organisation. In this post, you’ll find some suggested metrics for supplier performance evaluation and management. You should be able to realistically track these three KPIs, whether your procurement or inbound logistics functions have access to cutting-edge analytics software or are visualising data via less advanced means. Other Supplier Performance Metrics. Returns rate metrics. Order fill rate metrics.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC. Warehouse Inventory Management Software is seeing increased adoption as manufacturers expand globally through mergers, acquisitions, and regionally-focused manufacturing strategies.