Remove Examples Remove KPI Remove Warehousing
article thumbnail

Real-World Scenario: Best Practices for Warehouse Contracts: Part One

GlobalTranz

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

Modeling 194
article thumbnail

The Top Supply Chain KPIs to Know

GlobalTranz

The perfect order KPI tracks the overall accuracy and timeliness of each shipment. Perfect Order KPI = On-Time Delivery and Shipment KPI x Complete Order Percentage x Damage-Free Percentage x Accurate Invoicing Percentage. To calculate the perfect order percentage, one must understand the on-time KPI.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Service Level Should Be Your Number One Supply Chain KPI…But What Does It Really Mean?

ToolsGroup

Most use ‘forecast accuracy’ as the main KPI to do this. Therefore it follows logically that filling orders–or order line fill rate (OLFR)–should be the number one KPI that tells you whether you’re meeting service levels. Working in the area of wholesale distribution, I can share a less hypothetical example of what I mean.

KPI 156
article thumbnail

A Guide to Supply Chain Key Performance Indicators (KPIs)

Logistics Bureau

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
article thumbnail

AI and Data-Driven Warehouse Decision Making

Locus Robotics

Home March 12, 2025 AI and Data-Driven Warehouse Decision Making Mary Hart , Sr. Content Marketing Manager Warehouses generate vast amounts of data every day, from fulfillment rates and inventory levels to labor efficiency and stock movement, but that raw data alone isnt enough.

article thumbnail

Managing a Third Party Logistics Partnership

The Logistics of Logistics

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

article thumbnail

The Big List of Supply Chain KPI Mistakes to Avoid

Logistics Bureau

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. What Does a SMART Objective Look Like?

KPI 98