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

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. 7 Procurement KPIs You Should be Using. Emergency Purchase Rate. Purchase Order Cycle Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability? What About Supply Chain Entities That Have Time-Sensitive Products?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers.

Forecasting 276

Forecasting Forecasting Software Modeling Optimal Sourcing 276

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

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? To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.

Logistics Network Optimization Software 232

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

RFgen

DECEMBER 5, 2024

Barcode and RFID scanning drastically reduce errors and accelerate processes like receiving, picking, and shipping. Lastly, customizable digital forms streamline reporting, document generation, and label printing, adding another layer of efficiency to your warehouse operations.

Inventory Management Software 97

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

Supply Chain Network

AUGUST 6, 2012

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks.

Optimal Sourcing 92

Optimal Sourcing Procurement Solutions Supply Chain Planning Software Procurement Analytics 92

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

Logistics Viewpoints

MAY 3, 2022

But it’s important to remember that while customers want their purchases fast, sometimes even the next day, many care about the environmental impact of that delivery as well. In response to these rising complexities, late last year, Körber commissioned its first ever Supply Chain Benchmarking report. Rethink Partnerships.

Waste Reduction 277

Waste Reduction Sustainability Vendor Strategies Supply Chain Design Software 277

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Increased Prices Resulting from Shortages and Supply Chain Issues.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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.”. Ipsen purchased the RapidResponse supply chain planning product from Kinaxis. Further, border disruptions occurred making shipping into a nation with high infection rates much more difficult.

Customer Service 246

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

QAD

MARCH 5, 2020

Unfortunately, many companies involved in M&A simply hand down a benchmark driven task. According to collated research and a Harvard Business Review report, the “failure rate for mergers and acquisitions (M&A) sits between 70 percent and 90 percent.” And along with Purchasing, there was Supply Chain.

Vendor Strategies 145

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 145

Silvon Software

APRIL 16, 2025

Striking the perfect balance between available stock and cost efficiency is key. By leveraging analytics and key performance indicators (KPIs), manufacturers can optimize inventory, reduce waste, and boost profitability. Benchmark against your industry average for best insight. Thats where data-driven decision-making comes in!

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 40

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%). Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

MAY 26, 2017

With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. According to a recent study, reports Material Handling and Logistics , only 3 percent of respondents believe their existing technology supports an improved customer-focused logistics experience.

Cost Reduction Strategies 166

Cost Reduction Strategies Logistics Network Optimization Software Expense Reduction Negotiating Skills 166

Logistics Bureau

OCTOBER 26, 2020

As legislation focuses ever more heavily on environmental protection though, and consumers increasingly consider sustainability in their purchasing decisions, all supply chain organisations will need to find the way forward. Meanwhile, Big Data analytics, AI, and machine learning can have a significant impact on supply chains.

Supply Chain Planning Software 98

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

ToolsGroup

JANUARY 8, 2019

According to Gartner’s benchmarking service, average forecast error for most companies is in the low 70s (MAPE, Unit-Location level, 30 day lag) and even “good” forecasting rarely gets beyond the high 70s (using the same criteria). In short, any capturable element that influences how customers purchase, whether in B2B or B2C environments.

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

Supply Chain Opz

NOVEMBER 9, 2014

In an uncertain environment, affordability and predictability are at a premium, and a supply-chain organization can deliver these through effective management and oversight of its suppliers. Work with your broker to see if you can get priority on unloading the ship and inland transport.

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 98

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 98

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? Costs of goods sold (COGS). Shipping fees. Sales KPIs.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

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

Talking Logistics

JUNE 2, 2016

The potential opportunity to convert a significant portion of operating costs from fixed to variable. This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

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

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Turvo

MARCH 31, 2021

Businesses need to ensure that their shipping and logistics protocols and customer communications are more integrated than they ever have been before —this is now known as the “Amazon Effect.” As an exchange for survey participants’ time, Turvo will provide a complimentary report to those who complete the poll.

Survey 89

Survey Supply Chain Procurement Analytics Benchmarking 89

BlueYonder

MARCH 30, 2023

Have you had a chance to check out the Incisiv 2023 Omni-Channel Experience Index report ? Let’s briefly look at the four key areas: Inventory Visibility and Accuracy With digital becoming the first point of customer interaction in more than 90% of purchases, inventory visibility and accuracy are the top experience priorities for retailers.

Real-time Visibility 98

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 98

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. Explore our live inventory calculators and formulas page.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Supply Chain Game Changer

NOVEMBER 19, 2018

Financial losses or declining profitability certainly make cost cutting a priority. And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. And the reality is that Supply Chain must be cost-effective. Promoting Supply Chain Value.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Veridian Solutions

JANUARY 15, 2020

It is time your organization has decided to purchase order management software and reap its benefits. Supply chain leaders need to understand the following points to ensure they purchase the right software on the first try. Justify the Need to Purchase Order Management Software. Are routes efficiently designed?

Procurement Solutions 49

Procurement Solutions Purchasing Skills Supply Chain Design Software Supply Chain Planning Software 49

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. Besides reducing fuel costs and emissions, consolidation also helps brands hit key retailer benchmarks like OTIF and MABDs, improving customer relationships. . million cars from U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Your capacity to meet customer demands hinges on your ability to accurately report inventory. Your KPI goal should be to reduce receiving costs (labor, etc.) Equally important to proper warehouse management is shipping. Accuracy of Inventory Records.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Enterra Insights

DECEMBER 17, 2018

If consumers ever think about supply chains and how the items they desire manage to find their way into their homes, they likely picture fleets of trucks, trains, airplanes, and cargo ships — the logistics part of supply chains. Two-day shipping is rapidly becoming a standard and that may be replaced by same day shipping.

Innovation 100

Innovation Logistics Network Optimization Software Logistics Analytics Software 100

Freightos

JULY 23, 2015

Movers marketplace matching shipping requirement with freelance student drivers. Supply chain platform matching drop-ship retailers, manufacturers, distributors and freight forwarders. An information Service providing ocean freight rates and transit times, useful for benchmarking by shippers and freight forwarders. Cargomatic.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Design Software San Francisco Predictive Analytics Software 120

Bristlecone

JANUARY 11, 2021

Our research indicates that COVID-19 impacted 98% of businesses, with 60% reporting an ‘extreme’ impact. According to a pre-COVID report published by the Federal Emergency Management Agency ( FEMA ), 40% of businesses do not reopen following a natural disaster. On top of that, another 25% fail within one year. Delivering Value.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Supply Chain Design Software Procurement Solutions 52

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. These tools can help research competitors’ SEO and content strategies to benchmark performance.

Supply Chain Visibility 98

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