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. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Tracking, Managing, and Choosing Metrics.

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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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?

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

GlobalTranz

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.

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.

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). Warehouses are complex operations with many moving parts and functions happening simultaneously, so while there are plenty of areas to improve productivity, it’s not always easy to determine where your efforts will pay off. More than 50% of your warehouse labor is in pick and pack, so start there.

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

Requis

People are still worried about having efficiencies in their warehouses, making sure they’re laid out properly, and having the right processes. A lot of companies now will have regional hubs with just smaller satellite warehouses in each country.

Wanted: Supply Chain Architects!

Supply Chain Shaman

So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. Warehouse Management and Transportation Management were in their infancy. 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.

5 Ways Real-Time Freight Analytics Create Competitive Advantages

Turvo

Articles Analytics Data Freight Intelligence KPI MetricsOne of the most significant challenges the shipping industry faces is related to real-time freight analytics. With more competition and increasing customer demands, new and improved data analysis and response methods are needed.

The Reorder Point Formula: Everything You Need to Know

Unleashed

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. This creates one source of truth for data and enables effortless data analysis and collaboration. Source from local suppliers.

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: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively.

What is SKU? A complete guide to Stock Keeping Units

Unleashed

They are absolutely mission-critical in any warehouse, manufacturing or retail environment because they simplify the act of inventory management and analysis by ensuring that your people speak with a common language. Other useful SKU metrics.

How to Achieve the Perfect Delivery

Logistics Viewpoints

What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.

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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. There is no limit to the data sources that can be connected or how the data can be sliced and diced and made visual to accommodate the different layers and levels of the manufacturing enterprise.

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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.

4 Strategies for Finding the Best Warehouse Employees

RFgen

Managers need to reference a variety of data sources to create standards for an open position. warehouse businesses added 5,100 jobs in October, 2015. ALSO READ: Addressing Talent Acquisition in the Warehouse ». Here are five best practices for warehouse staff hiring: 1.

3 Factors Driving Warehouse Management System Growth and What They Mean for You

RFgen

A variety of trends are coming together to transform the modern warehouse. Many of these systems involve warehouse automation. Growth in the e-commerce market is fueling dramatic changes in the warehouse. Supply Chain Warehouse Management

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

The number and locations of required warehouses, distributors, etc. David Bakke David Bakke is a Logistics Expert at National Air Warehouse. Similarly, warehouse usage would decline, as your need for safety stock would drop to near zero. Warehouse Operations

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. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

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How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

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.

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. After all, one of the more difficult aspects of managing warehouses is what to do with excess inventory, so you need to reduce it as much as possible.” Warehouse Operations

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. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. This initially necessitated the expansion of our warehousing provision, revision of our stock rotation and warehousing policies and associated costs, which we had to bear.

How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

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.

Evans Distribution Systems Launches New Business Intelligence Tool: evans365

3PL Insights

The tool provides warehouse customers a holistic view of their account activity based on real-time data. “As Evans365 accesses and analyzes data sets from Evans’ warehouse management system and other data sources and presents findings graphically. MELVINDALE, Mich.,

The evans365 Data Portal Provides Customers with Business Intelligence

3PL Insights

The tool provides warehouse customers a holistic view of their account activity, based on real-time data from Evans’ warehouse management system (WMS) and other data sources. This dashboard is designed to measure how effectively warehouse space is utilized.

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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. Content Summary: Honeywell and Carnegie Mellon Partner to Bring AI to the Warehouse. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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. Implementing warehouse and supply chain automation doesn’t make sense for every type of business; sometimes the human touch is imperative, but accurately assess how technology can improve your operations. Warehousing. Warehouse Operations

The Supply Chain Workload Iceberg!

Supply Chain Game Changer

These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. Warehouse Order Fulfillment. Freight and Logistics Procurement Supply Chain Management Warehouse ManagementSubscribe Here! Email Address.

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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). Choosing the right target means defining your metrics, such as measuring carrier performance. Here are some general questions to ask when sourcing supply chain management services: Does the 3PL provide the services required? 3 Tips in Choosing Supply Chain Management Services.

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7 Incredible Benefits of Cloud-Based Logistics Management

GlobalTranz

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. The ability to administer your cloud supply chain in the real time makes your order processing, warehousing, inventory management, transportation and overall pricing more scalable and thus cheaper.

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.

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.

Supply Chain Manager – A “Green” Superhero

Logility

Source: Nielsen Product Insider, 10/20/2018. What about warehousing, inventory management and the efficient maintenance of your capital equipment?

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.

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