Logistics Bureau

DECEMBER 22, 2024

Thats where KPIs come in. Whats a KPI Anyway? KPI stands for Key Performance Indicator. You will use a KPI in the same way as your car’s speedometer. As a similar and perhaps more accurate example, if your car has a fuel consumption gauge and you use this to try to drive economically, you are using a bona fide KPI.

KPI 74

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

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 290

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. Consider using software to automate data integration.

Negotiating Skills 157

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

Unleashed

MARCH 9, 2021

What is procurement? 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. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Silvon Software

SEPTEMBER 26, 2023

In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives. While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures.

Procurement Analytics 105

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 105

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Silvon Software

APRIL 16, 2025

These KPIs are based on Silvons long-time experience working with manufacturers and distributors to enhance their sales and operational performance analysis and reporting capabilities. Weve even included some examples of these KPIs using pre-built views for inventory reporting from our Stratum business intelligence solution.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 40

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Procurement Cost. Total Supply Chain Cost.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Logistics Bureau

OCTOBER 20, 2021

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. In full delivery: This KPI tracks the percentage of sales orders that are delivered completely, meaning that the customer receives the correct items, in the right quantities. x 0.96 = 0.8661.

Supply Chain Design Software 98

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

SCMDOJO

OCTOBER 7, 2022

Logistics KPIs (Key Performance Indicators) measure how well an organization logistics function is performing. Logistics KPIs examples can vary from Basic 5 Logistics KPIs to a detailed list of 47 , which you can get from here. One drawback of Cost KPIs is that it is inversely proportionate to Quality KPIs.

Optimal Sourcing 137

Optimal Sourcing Logistics Network Optimization Software Logistics Supply Chain Design Software 137

ToolsGroup

DECEMBER 11, 2023

Measuring yearly transactions across all stores in a country would have low granularity, as you would know very little about when and where customers make those purchases. In my supply chain work at Evo , for example, it’s still impossible to forecast daily sales per SKU. Take an example from my colleague.

Purchasing Skills 156

Purchasing Skills Data Optimal Sourcing Modeling 156

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

GlobalTranz

MARCH 23, 2016

Then, the team assigns responsibility for the action required to reach the desired solution. When Lean culture takes hold, the teams are self-managed, managers are no longer reactionary, and they become strategic, proactive thinkers providing sustainable solutions. Practices and learns how to apply Lean tools. that has no end.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

DELMIA Quintiq

MAY 17, 2023

For example, a route that is optimized such that a truck needs less travelled distance to deliver the same number of packages, or a production system that saves energy by more efficient batching of products in furnaces. Improving sustainability of a process starts by quantifying and measuring indicators, for example the amount of CO2 emitted.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

Supply Chain Opz

JUNE 1, 2014

In order to streamline the delivery, Coca-Cola implemented a vehicle routing software. The reason is that is the software vendor has a very good relationship with Coca-Cola''s legacy ERP software vendor. In reality, HP has more production facilities than the example above so there are so many scenarios to work with.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. Number of emergency purchases.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

GlobalTranz

OCTOBER 27, 2015

In our first post in the series, we set the mindset of the shipper by going over the 9 key topics to understand about effective KPI management and followed that post with the 7 strategic performance business practices to track and 4 KPI problems to solve. . At times, an audit of the percentage behind KPIs will be necessary.

Six Sigma 120

Six Sigma Logistics Network Optimization Software Company KPI 120

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ShipBob

JANUARY 28, 2022

You can easily track these KPIs in an inventory management system (IMS) or enterprise resource planner (ERP). With the right technology solutions and processes, your internal team can quickly identify which initiatives will improve supply chain efficiency by reducing time and costs. . 15 most valuable inventory KPIs to keep track of.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

RFgen

APRIL 22, 2020

You’ve done your research, built a strong business plan, found the right vendor and received the green light from your management team to implement new mobile barcoding software in your warehouse. An intensive, hands-on program to gain a complete understanding of the solution, learn master concepts and pick up nuances and shortcuts.

Purchasing Training 75

Purchasing Training Supply Chain Planning Software Supply Chain Network Software Supply Chain Software 75

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? 32 ecommerce KPIs to track for your online store.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

ThroughPut

NOVEMBER 28, 2023

This piece will unveil the top 18 supply chain analytics solutions currently shaking up the market. These aren’t just tools but potential game-changers for your bottom line in the long run. What is Supply Chain Analytics Software? So, what features should you look for in your supply chain analytics tool?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Logistics Bureau

APRIL 4, 2022

It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. 2: Take Care in Identifying the KPIs to Use.

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Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

Silvon Software

FEBRUARY 23, 2023

As powerful tools to support these initiatives, both Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) are metrics that can be used to monitor business performance and track potential risks. As you can see, a decreased value in a KPI may increase the value of a related KRI if a company goal is not achieved.

Procurement Analytics 77

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 77

6 River Systems

OCTOBER 19, 2020

According to research conducted by BigCommerce , the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping. What is the current solution employed? What is the cost of the current solution? What are the delivery times with the current solution?

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

EazyStock

NOVEMBER 17, 2020

ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. Inventory management teams will begin to see limitations with their ERP system when they want more sophisticated inventory optimization solutions.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? What are some examples of Supply Chain Analytics?

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

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Unleashed

JUNE 28, 2024

Today there are countless software solutions for automating the manufacturing process. From product design through to production planning, nearly every aspect of building and selling products can be streamlined with modern tools. The best ERP software for manufacturers offers real-time data processing and reporting features.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 52

Silvon Software

MARCH 3, 2023

Following are just a few examples of how measuring on-time delivery can be difficult: Volume of ordered goods. If customers purchase five different items in the same order, should you transport all five goods on schedule to obtain a 100% OTD delivery? logistics firms). Quantity of goods in the order.

S&OP 89

S&OP Procurement Analytics Supply and Demand Analytics Software 89

Enterra Insights

APRIL 22, 2019

3] They further explain: “For example, a milk delivery containing 19 of the 20 cases ordered would get a 95% in full rating, below Walmart’s 97.5% ” To help suppliers deal with this challenge, Enterra Solutions ® developed the Compliance Management System (CMS). threshold for food consumables.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. Using supplier management software , supplier performance against these KPIs can be monitored over time. Customer service. Defect rate.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Invata Intralogistics

MAY 6, 2022

And in the process, it will provide you with the basis to formulate your own strategic plan for ensuring you get the solution best suited for your unique business. And the challenge facing many adapters today is in integrating and orchestrating heterogeneous robotic solutions in the same automation solution. So start there.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Analytics Software 98

RFgen

AUGUST 5, 2020

With mobile barcoding solutions , businesses lower costs while increasing accuracy, visibility, efficiency and productivity, along with many more benefits. In this article, we will do a deep dive into what mobile barcoding is, how it fits into your enterprise, and what results you can expect in terms of KPI improvements and future growth.

Supply Chain Design Software 98

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

Unleashed

DECEMBER 11, 2022

Put simply, Warehouse KPIs measure how efficiently your warehouse is performing. For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. How to improve order lead times: Procure reliable carriers and suppliers.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98