Logility

AUGUST 5, 2021

But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. Inventory-based KPIs probably make sense for you, but how will you benchmark results? That’s a trap.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics. ’ I answered that I did not know.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

QAD

JUNE 25, 2019

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. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. It is the main measurement benchmark in measuring supply chain performance, isn’t it? 10 Soft Metric Considerations in Measuring Supply Chain Performance. Cost reduction is still very important. We just can’t forget cost reduction. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Bureau

DECEMBER 14, 2020

Business benchmarking is recognised as one of the best management tools around. But what exactly is supply chain benchmarking and why is it so important? In business, a benchmark is a measure of performance. How to benchmark? The What, Why, How of Supply Chain Benchmarking. The Origins of Benchmarking.

Benchmarking 98

Benchmarking Supply Chain Software Supply Chain Warehousing 98

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. And how can consumer goods companies learn from their performance in this pandemic to prepare for the future?

Inventory Reduction 255

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 255

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. What is Freight Benchmarking?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

Logistics Viewpoints

AUGUST 15, 2022

Networks and Benchmarking. Companies seek to benchmark their performance against peers. This data can be used to help procurement departments benchmark their performance. For benchmarking metrics to be valid, they need to be based on a large sample. Coupa calls this community intelligence.

Supply Chain Network Software 255

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 255

Kinaxis

JULY 18, 2014

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. by Bill DuBois. Are you looking for some reading material to pass the time on your next flight?

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Aerospace Supply Chain Strategy 224

The Logistics of Logistics

NOVEMBER 5, 2024

Trusted by over 1,400 shippers—including 13 of the Gartner Supply Chain Top 25 and 78 Fortune 500 companies—DAT iQ delivers real-time insights, benchmarking, and forecasting tools that optimize operations, mitigate risk, and improve profitability for supply chain shippers.

Optimal Sourcing 205

Optimal Sourcing Freight Analytics Software Forecasting 205

Logistics Viewpoints

JANUARY 17, 2022

That data can be mined in a manner that protects their customer’s identity but allows their users to benchmark their spend behavior and better run their supply chains. The Rule of 40 was popularized by venture capitalists in recent years as a key performance metric for SaaS firms. on this metric. million on sales of $541.6

Logistics Network Optimization Software 252

Logistics Network Optimization Software Modeling Software Optimization Software Supply Chain Software 252

Supply Chain Shaman

JULY 6, 2020

Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The first step in the development of a strategy is benchmarking. The second step is to align metrics to the strategy. The So What? ” I share it because it is real life.

Agile and Lean Supply Chain 297

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 297

Logistics Bureau

APRIL 19, 2021

I have benchmarked supply chains for businesses all over the world for 25 years or so and have seen some incredible results. If you’ve never done a benchmarking exercise before, read on. The Benefits of Benchmarking. The Benefits of Benchmarking. You might be wondering what the benefits are of benchmarking.

Benchmarking 76

Benchmarking Supply Chain Performance Supply Chain Exercises 76

Logistics Bureau

NOVEMBER 8, 2021

Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. They will also provide valuable guidance in the use of key performance indicators for performance benchmarking. The Right KPI Mix: Cost and Service-Centric Metrics. The Right KPIs Are Metrics You Can Act Upon.

Benchmarking 76

Benchmarking KPI Supply Chain Strategy Supply Chain Software 76

Logility

MARCH 6, 2020

Stakeholders who care about forecasting in demand planning care about accuracy, and usually will not accept a new forecasting method unless it is rigorously validated against known forecasting benchmarks with proven accuracy. In this way, forecast accuracy trends can be leveraged in adjusting demand planning.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

NOVEMBER 3, 2022

The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.

Supply Chain Design Software 238

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 238

Supply Chain Insights

DECEMBER 7, 2014

In 2014, we launched the Supply Chains to Admire methodology: evolved the Supply Chain Index ( a method to judge supply chain improvement); and launched the Supply Chain Benchmarking methodology. We also published our third book, Metrics that Matter (available on December 22 nd ) and successfully produced our second Global Summit.

Modeling 203

Modeling Benchmarking Metrics Survey 203

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. True optimization applies data to ensure all decisions and processes are carried out to their fullest potential.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

CHAINalytics

JANUARY 12, 2021

Fortunately, there is one metric that we’ve found is the perfect introduction to data-driven improvements. Every time a client asks us to help them diagnose their warehouse operations, we start the only way … The post The One Must-Have Metric for Warehouse Operations appeared first on Chainalytics.

Metrics 102

Metrics Warehousing Data Supply Chain Design 102

Logistics Viewpoints

MARCH 4, 2021

Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. . On-time-in-full performance of distribution centers.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

Unleashed

DECEMBER 15, 2021

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. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

DELMIA Quintiq

NOVEMBER 29, 2013

First, you need to create metrics that can be used to determine how good or bad a production schedule is. But breaking down high-level financial goals into measurable benchmarks raises more questions. Once the right operational KPIs are in place, you need a way to benchmark schedules. What maximizes profit?

Scenario Planning 201

Scenario Planning Supply Chain Optimization Benchmarking Supply Chain Planning 201

Supply Chain Opz

SEPTEMBER 5, 2013

2) Don''t be distracted by the competition : many companies focus on benchmarking performance against competitors but this is not the case for Amazon. 3) Keep an eye on the ball : "culture of metrics" is the word used to described the obsession over the performance measurement. This is something remarkable!

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 260

Supply Chain Shaman

SEPTEMBER 24, 2017

We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns. Due to popular demand, we are kicking-off an organizational benchmarking effort.

Cost Reduction Strategies 202

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 202

Logistics Viewpoints

SEPTEMBER 13, 2022

Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Understanding the data, metrics and benchmarks can help the organization collaborate with suppliers to set meaningful, actionable and quantifiable goals. Next, the enterprise can set targets.

Cost Reduction Strategies 237

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 237

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Shaman

JULY 9, 2013

This research was the backbone of the Supply Chain Metrics that Matter series of reports. Instead, they have measured functional metrics or focused on projects. I believe that customer service is a critical metric and a key element of managing a complex supply chain system. The Building of the Index. What do I mean?

Supply Chain Software 210

Supply Chain Software Supply Chain Modeling Modeling Software 210

The Logistics of Logistics

SEPTEMBER 15, 2023

Jonathon is not only a strategist but also a dynamic facilitator, conducting nationwide workshops on employee engagement, customer loyalty, leadership development, and growth metrics. These workshops provide practical insights for organizational success.

Price Reduction 225

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 225

Kinaxis

JUNE 9, 2017

In this area, Gartner should push the metrics benchmark. I recommend Gartner have the top 50 supply chains enter their metrics benchmark data and create a category that uses a combination of these best-in-class benchmarks. I do love the concept of elevating the supply chain through a Top 25 ranking.

Gartner 166

Gartner Supply Chain Software Supply Chain Benchmarking 166

Talking Logistics

OCTOBER 6, 2016

Based on a benchmark study¹ of retailers using home delivery technology in diverse industries worldwide, here’s what companies are actually doing in five key areas to capitalize on the home delivery opportunity. Blending Traditional + Customer-focused Metrics. Uncovering the Potential of Dynamic Booking.

Price Reduction 164

Price Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 164

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. A recent report from Gartner agrees, focusing specifically on the challenge of building a better business case for improved forecast accuracy. 2% reduction in transportation costs (percent of sales).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. APQC – a benchmarking, best practices, and performance improvement organization – is one place you can get these numbers. Companies need to understand how much it is realistically possible to improve their forecasts.

Forecasting 218

Forecasting Forecasting Software Modeling Optimal Sourcing 218

Supply Chain Shaman

SEPTEMBER 9, 2015

It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain 150

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

JUNE 13, 2017

If the arrow is red, the industry is moving backwards on a metric. While we agree that each of these companies are leaders with significant contributions to the industry, we do not find these companies outperforming when compared against their peer groups on a balanced portfolio of metrics. If the arrow is green, progress was made.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 0