Metrics that Matter: Inventory Effectiveness

QAD

Managing inventory effectively is a delicate balancing act, affected by lead times, supply chain efficiency , demand variability, product complexity, product life cycles, warehouse space and practices, among other variables. Using Metrics to Measure the Health of the Business.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes.

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50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. “Warehouse optimization starts with an efficient layout. Upgrade your warehouse equipment.

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? Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. Cross-train your warehouse workforce.

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.

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Honeywell Connected Plant: Analytics and Beyond. (23

Manage and Share Your Sourcing Data Effortlessly with ASO: Data Warehouse

Jaggaer

One small mistake in examining or presenting data points within your sourcing activity could cost you. Businesses need a strategic approach to managing their sourcing data. Within your sourcing events there are dozens of data points you may consider, from pricing to risk level to bandwidth and schedule availability. Providing curated data to team members prevents them from becoming overwhelmed and allows you to focus the conversation on the exact metrics you want to address.

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

synchrono

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.

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The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Break down your supply chain functional silos. This advice is not new.

50 expert tips on logistics planning and strategy

6 River Systems

“Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. Or, can Amazon use their data collected at their website, the warehouses and the points of delivery to identify the areas where costs can be reduced?

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. The second step is to align metrics to the strategy.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Click the links below to compare this year's innovations to those from previous years: Top 10 Supply Chain Innovations of 2017 : exoskeletons, autonomous forklifts, flying warehouses, last-mile delivery, and more. Warehouse Automation. Source ID. Source ID. Source ID.

Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Focus on total logistics cost reduction (transportation, warehousing, and inventory). 3 Tips in Choosing Supply Chain Management Services.

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7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

More findings on the cloud cargo transportation and warehouse management systems you may discover on the web. The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources?

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. The focus is on functional metrics, but are unable to get to overall supply chain metrics. We finished dinner.

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5 Steps to Supply Chain Orchestration Success

OneSCM

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.” The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. If not, what actions are you taking to consolidate formats, sources and tools? How should our warehouses be designed and operated?

50 expert tips on supply chain management

6 River Systems

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. Develop alternative sources and diversify value chains. Consider a dual-supplier sourcing strategy.

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Moving on, here’s the supply chain and logistics news that caught my attention this week: Amazon to invest in French firm’s technology for self-driving forklifts (Reuters) Warehouses Test a New Breed of AI Robots (WSJ – sub. Robots in the Warehouse.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. BASF creates chemistry.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Every decision becomes more impactful based on these metrics. Moving and storing product inventory at warehouses close to restaurant locations can reduce transit time and ensure that as business ramps up, your supply management will be aligned to increasing volume needs.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The design of the conference includes tours of several modern warehouses and centers of excellence. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. It has been awhile.

3 Tips to Win the Last-Mile Delivery Planning Battle in Disruptive Times

DELMIA Quintiq

It is essential to use a planning system that can integrate with other systems such as enterprise resource planning (ERP), warehouse management systems (WMS) and e-commerce platforms. Select a planning solution that can incorporate intelligent metrics and optimization technology.

How Can Manufacturers Manage Disruption and Improve Productivity?

Halo

Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales.

KPIs That Purchasing Executives Need

Silvon Software

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level. These metrics are noted in the following sections below.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

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The Logistics Linchpin with Andrew Clark

Aborn and Co.

That is where he learned his foundation in warehousing and distribution as well as logistics. Now that people have dealt with the availability crisis what is a good metric to measure where their slobs are? . In the future Andrew believes we are going to see more crowd-sourced freight.

Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure.

Improving Supply Chain Collaboration: Connecting Data

Kinaxis

Often, departments take a vertical approach to reporting, whereby individual, functional metrics are tracked, instead of taking a horizontal view that gives insight into the health of the supply chain network and interdependencies of the individual functions.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Cumulative Lead Time — The total time needed to source material, produce goods, and ship a product to its destination. The metric is used to establish pricing for a transported order. They are designed to analyze warehousing, transportation, and other means of distribution.