Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. The problem is that the manufacturing lines are 125% utilized, and there is an ongoing struggle to produce tonnage, much less ship the right product from the production lines to customers based on orders. When compared to pre-recession years, we ended the decade with twenty more days of inventory.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Bureau

APRIL 4, 2022

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 freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

Benchmarking 70

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 70

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. Fifteen actionable steps that mitigate higher shipping rates’ impact.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Logistics Viewpoints

JULY 19, 2023

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. By comparison, 85 percent of orders are accomplished in one delivery for those at the 75th percentile.

Sustainability 210

Sustainability Optimal Sourcing Logistics Material Savings 210

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Intelligent Audit

MAY 2, 2022

As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher. Aggregate Data to Create a Single Source of Truth for Shipping Insight. Actionable analytics rely heavily on visibility into real-time shipping processes.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

SupplyPike

AUGUST 20, 2019

Therefore, each retailer tends to use similar sales metrics with a few exceptions. Those new to retail metrics may not know what critical sales or metrics are or why they are so critical for Walmart sales analytics. Necessarily, these metrics inform every part of Walmart sales analytics- from the simple to the advanced.

Analytics Software 53

Analytics Software Analytics Supply Chain Planning Software Metrics 53

SYSPRO Smarter ERP

JUNE 19, 2023

It encompasses the end-to-end tracking of inventory items, including receipt, put-away, picking, packing, and shipping. In comparison while ERP systems collect and manage data across the business, including inventory management, they lack the comprehensive capabilities of a dedicated WMS.

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Container Import Volume Year-over-Year Comparison. Figure 1: U.S. Source: Descartes Datamyne. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies.

Predictive Analytics Software 228

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 228

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

GlobalTranz

JULY 5, 2016

It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category. e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs. Businesses are often left with questions about the origination of such data.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Logistics Supply Chain Design Software Modeling Software 132

Supply Chain Shaman

OCTOBER 8, 2019

No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Intelligent Audit

MAY 9, 2022

With this service you’ll have valuable insights to accrual reporting capabilities providing visibility to what’s been shipped and not yet funded. Standardize Shipping Cost Audits for Apples-to-Apples Comparisons. Operating from apples-to-apples comparisons is critical for effective network strategy implementation.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Intelligent Audit

DECEMBER 10, 2020

That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. The so-called perfect order metric is the ideal supply chain KPI. But the metric shows how well a warehouse operates. That’s why it’s crucial to track the comparison between the two.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

Intelligent Audit

MAY 6, 2021

Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Performance metrics, or key performance indicators (KPIs) are quantifiable values to track the service level and ability to fulfill obligations across your network partners. Download the White Paper.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Supply Chain Shaman

OCTOBER 2, 2020

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. A Comparison Of Company Performance To Industry Average.

Customer Service 298

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 298

Intelligent Audit

MAY 19, 2022

Successful shipping and transportation operations are at the heart of a strong focus on improving business logistics and daily operations. Implementing changes to consolidated freight shipping and improving operational efficiency can help lower freight costs. Increase Your Lead Time. Know Your Accessorial Costs and When They Apply.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

New Horizon Supply Chain Blog

JUNE 18, 2022

For instance, consider a producer of yogurt, ice cream, and other dairy products shipped directly to individual supermarkets using a direct store delivery model. The table below shows forecast and actual values and then the calculated mean absolute percent error (MAPE), the most common forecast accuracy metric.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52

Supply Chain Shaman

NOVEMBER 28, 2016

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

GlobalTranz

APRIL 10, 2017

Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy. While some vendors might disagree with plans to implement and inbound shipping strategy to reduce your costs, remember that you must look out for your company first. Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

ShipBob

JANUARY 6, 2023

You’ll also get a quick comparison of the top providers to make your search easier. Report on important performance metrics. In general, transportation management systems are mostly used by businesses that need to ship and/or receive physical goods on a regular basis. Quick rate comparison. Quick rate comparison.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

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

Silvon Software

MAY 7, 2018

Webster’s Dictionary defines efficiency as, “effective operation as measured by a comparison of production with cost (as in energy, time, and money).” In simple terms, this means that distributors should strive to achieve the best possible result for every dollar spent relative to purchasing, repackaging, picking, packing and shipping.

Procurement Analytics 85

Procurement Analytics Analytics Optimal Sourcing Vendor Strategies 85

Intelligent Audit

SEPTEMBER 9, 2021

With the growing focus on and demand for two-day and even same-day shipping, consumers want fast and reliable shipping services, which always come at a price. Increased cost savings through zone skipping and streamlined shipping services. Tracking cost by mode, lane, and cargo type for better metrics comparison.

Freight 52

Freight Expense Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

FEBRUARY 18, 2015

Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance. Total cost management is just one part of supply chain visibility, but a very important part based on the financial impact that shipping has on the organization. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

GlobalTranz

NOVEMBER 17, 2016

Transportation modes used in procurement and shipping. In other words, consumers can get practically anything they want at a moment’s notice, and more consumers are expressing a willingness to wait for a product a few days if free shipping is a possibility. Increasing order efficiency. Demand forecasts. The quantity of each product.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Cognira

NOVEMBER 28, 2023

With the intensified omnichannel competition in the retail track, tight-fisted customers seamlessly bounce between multiple online and offline channels, checking reviews and using price comparison websites like Google Shopping to find the best deals. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Each faces four years of deterioration on this important supply chain metric. Another example is the work that we are doing on collaborative shipping.

Supply and Demand 217

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 217

Talking Logistics

JUNE 30, 2015

It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations. If so it may be impossible to conduct an apples-to-apples comparison.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Unleashed

SEPTEMBER 11, 2019

Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. You can use this information to evaluate how they stack up in comparison to your other suppliers. Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation.

How To 63

How To Procurement Analytics Comparison Procurement Solutions 63

Unleashed

JANUARY 4, 2024

The product sourcing process can include: Market research Product research Vendor procurement Price comparison Supplier negotiations Product sourcing acts as the first and most important step in the successful execution of a business’s procurement strategy. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ThroughPut

JUNE 17, 2024

Before we dive first into the solution to your problems, let’s glimpse through your most pressing challenges right now: Supply Chain Visibility : Achieving real-time transparency throughout the supply chain—from receiving inventory to fulfilling orders and shipping—is crucial for timely deliveries but often difficult to attain.

Optimization Software 52

Optimization Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 52

crisp

SEPTEMBER 27, 2022

With challenges like supply chain shortages and shipping delays, having a wealth of retail data available keeps CPG sales teams proactive during the hectic holiday season. One school of thought is to plan for a heightened sales season (in comparison to historical sales data) with increased safety stock. Use data to your advantage.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Logistics Bureau

OCTOBER 10, 2024

In comparison, detailed Slotting is relatively rare in either new or existing operations. If your business supplies a mix of products that sell randomly and others that often ship together, you should try to locate those that ship together in adjacent slots, to speed up the picking process.

Warehousing 72

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 72

ThroughPut

JUNE 5, 2024

It’s particularly useful for companies with extensive product lines that require different handling and shipping conditions. This segmentation helps in aligning supply chain resources, such as expedited shipping or premium handling, to meet varying service expectations.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

Supply Chain Shaman

JULY 29, 2013

Which supply chain metrics correlate to market capitalization by Morningstar sector? Note that the ratios are better than absolute numbers because it helps in the comparison of large and small companies and performance across currencies.) Which companies have made year-over-year improvements? Results of the Supply Chain Index.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 288