The Logistics of Logistics

JANUARY 26, 2016

Inventory tracking software is an excellent way to keep a close eye on inventory and measure it as a KPI. To meet your KPI goal, do periodic inventory audits to see how they measure against routine tracking. Similarly, storage itself is an important KPI for improving warehouse management practices. Employee Turnover.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Precoro

FEBRUARY 27, 2023

Streamlines Internal Procedures Spending data analysis sheds light on similar purchases between different departments. It enables them to cooperate even more closely to create fewer purchase orders and get things done faster by grouping multiple items and services into one purchase. There are plenty of KPI categories and types.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Taulia

NOVEMBER 28, 2021

By regularly monitoring the average amount of inventory you hold, perhaps monthly, you can determine whether you’re over- or under-buying and iron out the spikes and drops to make your approach to inventory management more efficient. You can calculate inventory turnover using the following formula: Cost of goods sold / average inventory.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. With our customizable Logistics KPI Dashboard Excel Template , you can obtain a detailed view of your business’s Current Performance versus Target and the Previous Year’s performance.

Purchasing Skills 97

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 97

ShipBob

APRIL 13, 2021

What are ecommerce KPIs? Sales KPIs. Marketing KPIs. Customer service KPIs. Shipping & logistics KPIs. Ecommerce KPI examples. How ShipBob helps retailers track and achieve ecommerce KPIs. What are ecommerce KPIs? COGS = Beginning inventory + Purchases during the period – Ending inventory.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. This time I’m going to share some warehouse-specific insights into KPI selection and use. For Goods Receiving. For Putaway.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

Synovos

MARCH 11, 2024

The carbon footprint of the products they buy is affecting their choices and trends are favoring longer product life and lower energy usage.” RS Integrated Supply also prioritizes operational excellence so client maintenance and engineering teams can quickly and easily access the products they require.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

Logistics Bureau

DECEMBER 20, 2021

The inventory turns KPI is the metric that provides this information. The inventory to sales ratio is another helpful KPI to track turnover. Measured as a percentage of total inventory, the out of stock items KPI formula is straightforward, and looks like this: (Number of items out of stock / Number of items shipped) x 100.

Inventory Reduction 86

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 86

Unleashed

AUGUST 15, 2024

The case for Zoho Inventory alternatives Zoho Inventory can be a useful tool for managing stock and purchasing, but it’s not suitable for every business. Key features include warehouse management, inventory management, direct EDI, KPI tracking, data mining, custom dashboards, and mobile compatibility.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 52

SCMDOJO

MARCH 19, 2024

This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. If you are responsible for the sourcing process, our course The Sourcing Process taught by our expert Maryna Trepova is all you need to learn from make or buy decisions to the key process for obtaining quotations.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

QAD

JUNE 26, 2024

Obtaining organizational buy-in requires understanding how S&OP can help reach Sales and Marketing goals and, ultimately, the company’s overall objectives. The Sales and Marketing leader needs to wisely manage these competing KPI. Sales and Marketing both need to realize the value of S&OP for their individual objectives.

S&OP 52

S&OP Supply and Demand Forecasting Supply Chain Planning Software 52

SupplyShift

JUNE 17, 2021

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Secure Buy-In Finally, companies must communicate their ESG scope, metrics, and strategies to the stakeholders who will make or break their initiatives. How will you improve supplier buy-in?

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. These goals fall into one of two primary types: Absolute goals , which only take KPIs into account—for example, reducing GHG emissions 30% by 2025. Secure Buy-In. Source: sasb.org.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

QAD

OCTOBER 5, 2021

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

Supply Chain Game Changer

SEPTEMBER 30, 2020

Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Sure, you can try and shuffle through the rows and columns of your Excel Hell, build custom algorithms, and visualize a bar chart.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

ThroughPut

OCTOBER 16, 2022

An inventory manager aims at ensuring the key performance indicators (KPIs) are aligned to the available inventory and works on identifying key areas that are performing well or those aspects which require attention. Key Pillars of Supply Chain Inventory Optimization. LACK OF AUTOMATION.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Supply Chain Movement

MAY 19, 2016

In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. By Helen Armstrong. It’s a one-stop shop.”.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

Provenance

OCTOBER 1, 2018

At Provenance, we envision a future where every great product comes with accessible, verifiable information about the people, places and materials behind its creation, helping us all make positive choices about the things we buy. You must be contextually articulate with excellent copywriting skills. More on our mission here.

Supply Chain Planning Software 40

Supply Chain Planning Software Analytics Software Supply Chain Network Software Negotiating Skills 40

Supply Chain View from the Field

NOVEMBER 25, 2013

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. They were able to derive an R-squared of 0.80, which is excellent given the number of data points they started with.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

ThroughPut

JUNE 4, 2020

Also, since online and offline store channels operate differently with different KPI targets, creating optimum inventory levels to manage all of this could be a challenge. . These manufacturers achieve JIT & supply chain efficiency in inventory optimization by streamlining their inventory purchasing and delivery operations.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

Also, since online and offline store channels operate differently with different KPI targets, creating optimum inventory levels to manage all of this could be a challenge. . These manufacturers achieve JIT & supply chain efficiency in inventory optimization by streamlining their inventory purchasing and delivery operations.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. In general it’s preferred to choose just a few KPIs (say 3 or 4) to focus on.

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

Logistics Bureau

OCTOBER 19, 2020

For example, are you sure that you don’t have one or two business units that excel in a performance element which, otherwise, is proving to be a weakness for your supply chain operations? Sometimes the solution to a performance problem can be right under your nose.

Benchmarking 52

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

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment. Click To Tweet.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers realize that purchasing decisions should be based on value, not just cost. The best value combines a good price, with excellent on time performance and great service. Excellent communication. Highly effective shippers see a well-run shipping function as a competitive advantage.

Logistics Network Optimization Software 226

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 226

SCMDOJO

APRIL 4, 2023

With its ability to provide real-time insights and a comprehensive understanding of operations, businesses can make better-informed decisions and achieve greater efficiency and profitability. These BI tools allow businesses to link customer data with internal information such as operations, sales, and finance.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Supply Chain Game Changer

NOVEMBER 16, 2022

Digital procurement practices are a significant factor in achieving company excellence. Direct purchase requests from employees are possible with varying levels of auto-approval. It helps establish a KPI framework on cost, quality, and on-time performance of the suppliers. But there is the reality of automation in Procurement.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. In modern manufacturing and transportation, savings are everything.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

ShipBob

APRIL 30, 2023

An eye-popping 94% of customers say that positive customer service experiences make them more likely to buy again. This can lead to a frustrating customer experience and prevent shoppers from buying from your store again. To calculate this KPI, you need to ask customers “How would you rate the help [Agent] gave you?”

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. What is procurement and purchasing Lesson 2. Procurement and Purchasing Cycle Lesson 7. Make or Buy decision Lesson 3. Trends and tendencies in procurement Lesson 3.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

synchrono

JANUARY 31, 2017

The goal is to provide real clarity around the elements that drive organizational excellence and enhance demand-driven results. Customer Centric If there is no data in your company’s systems measuring what your customers are actually buying directly, then you’re working with a derivative measurement.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

ThroughPut

JUNE 24, 2022

This has severely affected the smooth supply chain functioning across the globe due to the “panic buying” ripple effect. Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? 3) DIVE INTO YOUR DATA. Benefits associated with agile AI strategies: 1. MAXIMISED DATA.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Logistics Bureau

NOVEMBER 27, 2016

So in order to perhaps spawn some ideas for your supply chain excellence efforts, I thought I’d offer a brief overview of how four leading organisations are achieving their successes and cementing their mastery of the 21 st century supply chain. Few consumers are currently attracted to online purchases of household consumables.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Infosys Supply Chain Management

APRIL 8, 2014

« Gamification - An EAM perspective | Main | Whats your KPI? Cloud Simple meaning of Cloud in context of SMAC is using software applications as a service without buying them. New application purchases are being evaluated to be cloud deployable. » Impact of SMAC on Enterprise Software Applications.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Supply Chain Trend

DECEMBER 13, 2016

As the business’s system tech guru and naive about the requirements for a successful S&OP, I focused on building the different key performance indicator (KPI) tools for the VP’s objectives thinking they would the primary requirements for each of the meetings and everything else would fall into place. Just keep moving forward.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

Unleashed

FEBRUARY 7, 2019

Inventory KPIs. KPIs help you gauge how your inventory is performing compared with how you want your inventory to perform. There are three different classes of inventory KPI: sales (e.g. the stock to sales ratio); receiving (e.g. how long it takes to process incoming inventory); and operational (e.g.

Inventory Management Software 40

Inventory Management Software Procurement Solutions Demand Planning Software Inventory Management 40