Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

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

RFgen

DECEMBER 5, 2024

Barcode and RFID scanning drastically reduce errors and accelerate processes like receiving, picking, and shipping. Instant Updates: Know immediately when items are received, shipped, or moved within the warehouse, with ERP data ensuring synchronization and accuracy. These benchmarks provide a clear picture of your ROI.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

Logistics Viewpoints

JANUARY 23, 2024

The company can connect all aspects of the execution process, including labor cost and capacity, warehouse capacity, and shipping, and then integrating all of this data into their data cloud platform for a holistic view of OMS, TMS, and WMS. The ongoing issues in the Red Sea are wreaking havoc on ocean shipping.

Supply Chain Planning Software 304

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 304

Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. SCOR Level 1 Metrics are good examples of measures that have longer-ranging focus. Bankruptcy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

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. With expanding drop ship operations, retailers quickly lose control and sight of the order once it gets to the supplier.

Price Reduction 160

Price Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 160

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark.

Logistics Network Optimization Software 232

Logistics Network Optimization Software Expense Reduction Supply Chain Planning Software Modeling Software 232

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. Though service levels were already very good versus external benchmarks, the number of stockouts dropped a further 75% from 2016 levels. The results?

Customer Service 246

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 246

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies.

Sustainability 246

Sustainability Optimal Sourcing Logistics Material Savings 246

Logistics Viewpoints

SEPTEMBER 4, 2023

A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Simmons uses dedicated contract carriers, a private fleet, and brokers for their shipping. The moves span inbound, intracompany, and outbound shipping. That factory also aims to rapidly process the raw materials into product.

Procurement Solutions 289

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 289

Logility

JANUARY 12, 2021

There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Benchmarking. An analytics platform for the supply chain also allows for benchmarking. Reporting and Score carding. Dashboarding. Take freight rates, for example.

Prescriptive Analytics Software 130

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 130

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And finally, UPS raised a red flag by lowering its full-year EPS expectations.

Logistics Network Optimization Software 147

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 147

Logistics Bureau

JANUARY 30, 2025

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your ocean freight prices. The answer is to benchmark your freight, of course.

Benchmarking 40

Benchmarking Negotiating Skills Freight Rail Software 40

The Logistics & Supply Chain Management Society

MARCH 14, 2023

What tools we can use to benchmark ocean freight and carriers’ service reliability? Types of Ocean Freight Contract POSSIBLE TOOLS FOR BENCHMARKING RATES Like in any industry, we gather market Intelligence through our own network. This network could be customers, other shippers and also carriers, and 3PLs.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Supply Chain Collaborator

JUNE 22, 2017

Tendering Metrics. Benchmarking. The post Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS appeared first on UltraShipTMS. Just some of the reports included in the reporting suite of an award-worthy TMS include: Spot Quote Participation. Spot Quotes by Lane. Spot Quote Lost Savings. EDI Errors.

Negotiating Skills 78

Negotiating Skills Report Shipping Supply Chain Software 78

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. Here are some highlights from his talk. Big Data’s big impact.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Logistics Bureau

OCTOBER 26, 2020

Such technology, for example, can help organisations identify the fastest, cheapest, and most sustainable shipping routes. It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 98

GlobalTranz

OCTOBER 16, 2015

Shippers structure a successful RFP when they align themselves with carriers that fit their shipping profile. Routing guides optimize freight lanes and remove excess shipping costs. Carefully select RFP questions. Supply well-written, universally adopted corporate routing guides.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

SupplyPike

APRIL 17, 2020

Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. Get better shipping rates. Access the newest shipping technology.

Shipping 56

Shipping Vendor Strategies Expense Reduction Cargo 56

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. Key metrics that will indicate if marshalling is needed relate to picking and shipping. Marshalling can reduce returns caused by either the incorrect goods being shipped or the goods being faulty.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Supply Chain Shaman

JANUARY 19, 2015

Today, on average, there are 10-25 ships sitting on the water waiting to unload. Supply Chain Metrics That Matter has been selling briskly on Amazon, and we are actively working on the program for the Supply Chain Insights Global Summit on September 9th and 10th, 2015.The Here at home, things are busy. The program is shaping up.

Long Beach 150

Long Beach Supply Chain Planning Software Supply Chain Design Software Buyer Training 150

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

GlobalTranz

MARCH 7, 2016

This is a critical component of seeking improvement in the supply chain, and benchmarking enables a supply chain entity to assess the current condition of such technologies and applications to improve the overall supply chain. What About Supply Chain Entities That Have Time-Sensitive Products?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Silvon Software

APRIL 16, 2025

Available to Promise (ATP) Available to Promise (ATP) is a real-time inventory management metric that tells you how much of a product you can promise to customers without overcommitting. Benchmark against your industry average for best insight. ROP too low can cause stockouts, rushed shipping fees, and lost sales.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 40

Logistics Bureau

AUGUST 2, 2021

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. You don’t necessarily need to use all the following metrics in your procurement department.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Shaman

AUGUST 14, 2016

The use of customer segmentation strategies to define order policies for lead times, discounts, allocation, and shipping priorities. Customer-Centric Benchmarking. Interested in benchmarking your supply chain on customer-centric strategies? Order Policy. Cost-to-Serve. Customer-Driven Available-to-Promise. What do you think?

Material Savings 191

Material Savings Inventory Reduction Price Reduction Vendor Strategies 191

Supply Chain Shaman

AUGUST 7, 2019

Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. Let’s take an example.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

ShipBob

APRIL 13, 2021

However, there is a wide range of metrics that you should be tracking to help your online store grow. Why ecommerce performance metrics are important. Shipping & logistics KPIs. Why are ecommerce performance metrics important to your online store? Shipping fees. Table of Contents. What are ecommerce KPIs?

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Unleashed

MAY 2, 2022

These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Using inventory performance metrics can lead to: Happier customers – who get what they want, when they want it, at the price they’re willing to pay. There are a lot of inventory performance measures you could track.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

GlobalTranz

APRIL 13, 2015

Does the system support all modes of shipping within your operation? If your biggest pain point in transportation management is in LTL freight shipping, our TMS system is perfect. EDI enabled standard format of information exchange builds a benchmark for superiority. Is your organization a small to mid-sized business?

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 120

SCMDOJO

MAY 30, 2024

Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels. Oversees Order Fulfillment: Guarantees accurate and timely order processing, from receiving to shipping.

Optimal Sourcing 98

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 98

GlobalTranz

OCTOBER 21, 2015

All KPIS have metrics to measure. As an example, our shipper customers who come to Cerasis for better and more efficient transportation management , meet with our account managers to review their shipping activity and use our analytics within our TMS to set new benchmarks and update KPIs so the shipper is continuously improving.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Intelligent Audit

OCTOBER 26, 2021

Finding ways to keep costs in check often comes down to understanding the various shipping surcharges and how shippers can best avoid them through stronger shipping audits. A Single Source of Truth for Shipping Surcharges Management. Instability is among the singular constants affecting supply chain management. supply chains.”

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

Logistics Bureau

DECEMBER 3, 2024

Such technology, for example, can help organisations identify the fastest, cheapest, and most sustainable shipping routes. It can also enhance collaboration between companies by pinpointing opportunities for shared shipping, trucking, and warehousing—which in turn can have a significant impact on carbon emissions.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Sustainability Supply Chain Optimization 72