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? Transportation is measured just as a cost rather than what it does for the rest of the organization. Ensuring that lost sales are minimized. We still focus on costs.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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 Bureau

DECEMBER 22, 2024

Using KPIs for performance measurement ensures that you are continuously evaluating your business activity against a static benchmark. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Why Are KPIs Important?

KPI 74

KPI Agile and Lean Supply Chain Supply Chain Strategy Supply Chain 74

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

Logistics Bureau

JANUARY 21, 2025

An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Transport Fleet Optimization Fleet optimisation is one of those areas where companies leave money on the table.

Supply Chain Design Software 98

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

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 264

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 264

Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. You need to explore the metric relationships to see the full story.

Global 163

Global Scenario Planning Metrics Benchmarking 163

SCMDOJO

JUNE 25, 2024

In the fast-paced world of logistics, efficient transportation is paramount. To stay competitive and sustainable, businesses must maximize their transportation vehicle utilization. References: Department for the Environment, Transport and the Regions. Road Freight Transport and the Environment. Kearney, A. Mackie, P.

Transportation 105

Transportation Cost Reduction Strategies Warehousing Netherlands 105

Logistics Viewpoints

APRIL 21, 2023

And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5 The vehicle will make its inaugural trip from Indiana to California, where it will be featured at the Advanced Clean Transportation Expo. CMA CGM is offering 5 billion euros ($5.48

Logistics Network Optimization Software 289

Logistics Network Optimization Software Logistics Kenya Supply Chain Planning Software 289

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 290

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 290

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 Viewpoints

SEPTEMBER 4, 2023

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Speed is of the essence.

Procurement Solutions 289

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 289

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. Visibility also gets worse in the absence of a single transportation platform to manage disparate delivery modes.

Price Reduction 162

Price Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 162

Unleashed

MARCH 9, 2021

For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. 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.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

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. 2% reduction in transportation costs (percent of sales). 2% reduction in transportation costs (percent of sales). 9% reduction in inventory obsolescence (percent of inventory value).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

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

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. What’s the first step in that process?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Price Mitigation Strategies 100

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

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

Talking Logistics

JANUARY 28, 2015

Building a strong transportation management foundation is a critical prerequisite for companies to execute their supply chain strategies and achieve their growth and financial objectives. When it comes to transportation management, what are the attributes or components of a solid foundation? Then look at how to deploy the strategy.

Transportation Management 100

Transportation Management Price Reduction Transportation Cost Reduction Strategies 100

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

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). 3-9% reduction in transportation costs as a percentage of sales (overhead costs and profitability).

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

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

Talking Logistics

FEBRUARY 1, 2019

Uber Freight: Transportation Facility Brand Managers. As reported by Transport Topics , “Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities.” req’d) New Job for Robots: Taking Stock for Retailers (WSJ – sub.

Logistics Network Optimization Software 146

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 146

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. For instance, a modern report for a manufacturer might display all the data about transportation providers as usable information, in a scorecard format. Benchmarking.

Prescriptive Analytics Software 130

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

Talking Logistics

NOVEMBER 17, 2015

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

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 with that, have a happy weekend! Song of the Week: “Safe and Sound” by Capital Cities.

Logistics Network Optimization Software 149

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 149

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. With the rising costs of commodities and transportation, reducing ROA can often increase operating margin. When I go in to help a company, I first benchmark their supply chain ratios. It constantly amazes me. Something that no one wants.).

Manufacturing Procurement 190

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 190

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. Companies participating in the planning study will be able to benchmark the number of planners needed by supply chain complexity and better evaluate the rate of implementation.

Supply Chain Design Software 288

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 288

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. This includes procurement, production, transportation, warehousing, and distribution.

S&OP 111

S&OP Supply and Demand Supply Chain Planning Software Optimal Sourcing 111

Talking Logistics

NOVEMBER 10, 2016

Powerful Analytics and Peer-based Benchmarking – The ability to aggregate data and uncover insights is drastically simplified in the multi-tenant deployment model.

Supply Chain Software 197

Supply Chain Software Supply Chain Network Software Optimization Software Analytics Software 197

Logistics Bureau

OCTOBER 19, 2020

Well, I asked Steven Thacker, one of our benchmarking management experts, exactly that question! What is Benchmarking? Benchmarking is essentially comparing; comparing one against another. Those levels are “benchmarks”. Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Talking Logistics

JUNE 28, 2017

Technically, Free Time is not free; you pay for it in your transportation costs. This is where metrics can get a little fuzzy. For example, I worked with a customer recently who budgeted demurrage at 4% of their transportation spend. However, the reality was that the 4% metric was misleading. Control Tower Visibility.

Supply Chain Design Software 140

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 140

MIT Supply Chain

APRIL 3, 2014

Robinson (CHR), the world’s largest provider of truckload transportation services, visited MIT CTL recently to give his view of the changing face of logistics. New benchmarks for excellence. Most people thought of transportation as a part of their overhead.” Here are some highlights from his talk.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 98

Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. Do you feel your supply chain management team is tracking too many metrics? If so, it’s probably true, and what’s more, most of them are probably not KPIs at all (that’s why we said “metrics”). Are You Sure All Your Indicators are KEY?

KPI 98

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 98

Supply Chain Shaman

DECEMBER 29, 2016

As I study research methods, and the market, I realize the lies I’ve spun for prior employers (Gartner and AMR Research) are untrue: The AMR Research Hierarchy of Supply Chain Metrics. This research, released in 2005, gives a compelling view of a metrics hierarchy. The issue? I think there was causality, but never correlation.

Supply Chain Planning Software 0

Supply Chain Planning Software Inventory Reduction Forecasting Gartner 0

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.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210