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

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

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

The Logistics of Logistics

NOVEMBER 5, 2024

During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.

Optimal Sourcing 205

Optimal Sourcing Freight Analytics Software Forecasting 205

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

Unleashed

MARCH 9, 2021

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? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

SEPTEMBER 24, 2017

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982. Is talent a cost or an asset?

Cost Reduction Strategies 202

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 202

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

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

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

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. They add that best practice can also include accountability for stakeholder inputs, recognizing sources of error, and measuring performance. 2% reduction in transportation costs (percent of sales).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Logistics Viewpoints

DECEMBER 18, 2024

Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. The industry’s dependency on traditional energy sources necessitates an urgent shift toward cleaner alternatives. Companies like DHL and Amazon are already setting benchmarks by integrating EVs into their logistics operations.

Optimal Sourcing 143

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 143

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

ToolsGroup

JULY 11, 2017

For instance, a Gartner industry benchmarking shows that a 1% increase in forecast accuracy typically achieves: 2-7% reduction in the value of total inventory as a percentage of sales (working capital). Gartner suggests that planners can also nudge finance across the functional divide by correlating their planning KPIs with financial targets.

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

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 215

Sustainability Optimal Sourcing Logistics Material Savings 215

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. When I go in to help a company, I first benchmark their supply chain ratios. In the modeling, my recommendation is to look at the cost metrics in aggregate. It constantly amazes me. My preference is monthly as part of the S&OP process.).

Manufacturing Procurement 189

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 189

Logility

APRIL 2, 2020

A good KPI will be measurable against some benchmark or criteria. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 2 Identify and get access to the right data sources. If you use data quality tools, monitor the amount of clean-up needed and work hard to improve the quality in source data systems.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

Supply Chain Shaman

JUNE 16, 2014

I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. These tools allow us to look at sell, source, make, and deliver together. After three years of research, I have just refined the methodology to start to pull the trends.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Logility

NOVEMBER 30, 2020

Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Supply Chain Insights

JULY 23, 2017

Benchmarking. The first step to building a guiding a coalition is benchmarking. We are offering three types of benchmarking: planning, financial and organizational. Use our Metrics That Matter methodology to look at improvement and performance. The seven on-line classes are: Supply Chain Metrics That Matter.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Logistics Viewpoints

JANUARY 23, 2024

The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers. The data is all anonymous, but retailers can look at metrics such as time to fulfill, pack time, conversions, and ship versus pick-up, to name a few, across hundreds of Active Omni customers.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 246

Talking Logistics

JULY 19, 2013

On the technology front, LLamasoft announced the release of Data Services, “a new offering that provides reference and benchmark data to LLamasoft customers and others in the supply chain design community…[this data] enables significant reduction in model building time and validates model outputs against realistic standards.”

Logistics Network Optimization Software 152

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 152

Supply Chain Shaman

JULY 25, 2016

We think deep research to help companies determine benchmarks and set goals. The source data for the analysis is public reporting of balance sheets and income statements. Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. Background.

Pharmaceutical 210

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 210

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Why else might a company seek a rating? Our customers are finding that high-scoring companies are the ones engaged in creating long-term shared value.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

GlobalTranz

JUNE 15, 2017

In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items. IT and technology literacy. Constant learning capability.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Talking Logistics

FEBRUARY 1, 2019

req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Having greater access to data, particularly benchmarking data, is also empowering shippers.

Logistics Network Optimization Software 144

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 144

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

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 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. 3: Using Overcomplicated KPIs In our work with clients, we often come across KPIs that combine data from several sources and employ complex calculations. You should have a manageable number of metrics to track if you’re genuinely monitoring only key performance indicators.

KPI 93

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 93

ToolsGroup

JUNE 17, 2024

This includes enhancing supply chain transparency using technologies like AI to track and verify sustainability metrics. Stakeholders increasingly demand visibility from sourcing to disposal, prompting companies to explore actionable steps such as optimizing logistics for reduced carbon footprint and adopting circular economy practices.

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 156

ToolsGroup

APRIL 1, 2022

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Deloitte ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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

SupplyPike

MAY 19, 2020

These vendors provide valuable insights into retailers, categories, and benchmarks against other companies. Category Consistency: Application of OVT does away with almost 20% discrepancy between a category advisor’s custom hierarchy metrics and Walmart’s parameters of performance. Check out our full suite of software solutions !

Data 98

Data Procurement Analytics Analytics Software Forecasting Software 98

Talking Logistics

APRIL 20, 2016

How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones? Rather than selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Design 100

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations. Freight Procurement The actual Freight Procurement Stage is the heart of the transportation service sourcing process for shippers.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Bureau

OCTOBER 26, 2020

Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity. This is where sustainability benchmarking can really help you home in on where improvement is most needed. Occasionally you may even need to go back to the drawing board.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 93