GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

GlobalTranz

DECEMBER 8, 2017

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.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software KPI Supply Chain Design 170

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. This includes procurement, production, transportation, warehousing, and distribution.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 251

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 251

SCMDOJO

AUGUST 10, 2024

While internet-based transport exchanges offer potential, their effectiveness is still debated due to uncertainties in carrier and shipper participation. Postponement: Strategies like Just-in-Time and postponement can reduce inventory and transportation costs.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 98

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

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.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 83

GlobalTranz

JUNE 14, 2017

Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. Forecasting Accuracy KPIs.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

SCMDOJO

MAY 30, 2024

From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. Let’s explore these functions in more detail: Inventory Management: One of the primary functions of the logistics department is to manage inventory effectively.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

Intelligent Audit

NOVEMBER 3, 2022

On the transportation end of supply chains, shippers adapt to the transportation needs at any given time to ensure this part of the supply chain continues as well as possible. This is why transportation network optimization is important. What Is Transportation Network Optimization? Ready Your Data.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

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. Inventory Turnover (Cash). Procurement Cost.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. This can include examining everything from inventory management and order fulfilment to warehousing, delivery, and customer service. Optimizing inventory can also be achieved by leveraging technology and data analytics.

Inventory Reduction 119

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 119

The Logistics of Logistics

OCTOBER 8, 2012

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.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

GlobalTranz

JANUARY 4, 2017

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. Lean is DAILY continuous improvement, pull systems to reduce inventories (versus push that increases inventory), Lean Six Sigma to improve quality to.003

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

BlueYonder

APRIL 9, 2024

Carlsberg has also introduced electric trucks and established a specialized transportation control tower in Poznan, Poland. The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. In a recent webinar , Carlsberg shared more on this topic.

Optimal Sourcing 113

Optimal Sourcing Sustainability Material Savings Waste Reduction 113

Unleashed

DECEMBER 11, 2022

For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes. High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

GlobalTranz

JANUARY 19, 2018

You need to monitor inventory turnover, the carrying cost of inventory and the average inventory value, explains Paul Trujillo of Business 2 Community. The dependent values in these KPIs are derived from the following formulas: Inventory Turnover = The Cost of Total Goods Sold During a Period / Average Inventory Value.

Supply Chain Design Software 143

Supply Chain Design Software Supply Chain Planning Software Warehousing Supply Chain Software 143

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Logistics Bureau

OCTOBER 6, 2024

They handle activities like warehousing, distribution, and transportation for other businesses. They consider factors like demand forecasts, inventory levels, and production capacities to create efficient production and distribution plans. 3PL 3rd Party Logistics – A company that provides outsourced logistics services.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 70

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.”

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

The Logistics of Logistics

NOVEMBER 12, 2021

Matt is the VP of Sustainability and Innovation at Covenant Transport Services , a premium service provider of transportation services with focus on temperature controlled products, regional, and long haul delivery. Covenant Logistics provides transportation and logistics services in the United States. About Matt McLelland.

Sustainability 130

Sustainability Logistics Network Optimization Software Inventory Reduction Supply Chain Software 130

Logistics Bureau

NOVEMBER 15, 2021

Is your business one that operates distribution centres and other warehouse facilities to maintain control of inventory? 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.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

Logistics Viewpoints

DECEMBER 5, 2022

This involves a lot of long-haul transportation.” Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. First and last mile shipments are usually by truck.

Agile and Lean Supply Chain 222

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 222

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

DiManEx

JUNE 11, 2024

For example, printing your parts can be done in your own city or country, which will significantly reduce CO2 emissions, transportation costs, and lead time. Additionally, you can print the exact number of parts you need, reducing inventory volume & value and stock-keeping costs.

Supply Chain Design Software 52

Supply Chain Design Software Material Savings Supply Chain Design Expense Reduction 52

Silvon Software

MARCH 3, 2023

If customers purchase five different items in the same order, should you transport all five goods on schedule to obtain a 100% OTD delivery? To track your capacity utilization rate, you need to capture and measure data related to your resource capacity, such as data from purchase reports, inventory movements, cycle times, and output capacity.

S&OP 115

S&OP Procurement Analytics Supply and Demand Analytics Software 115

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

SCMDOJO

JANUARY 17, 2024

They can also be in charge of mapping out logistics for transporting the supply and fulfilling orders. A logistics resource planner coordinates workers and transport fleets to fulfill customers’ orders. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g.,

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. ” Purchasing – “The KPI most used in Purchasing Departments is Stock Turn.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

BlueYonder

MARCH 25, 2022

Simply put you can’t manage what you can’t see and with the current environment not only do supply chains professionals need to see aspects like inventory and orders but also disruptions to predict their impact on the supply chain and be in a position to take mitigating actions. .

Modeling 98

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 98

Unleashed

APRIL 9, 2024

OTIF is an important KPI because it directly impacts customer satisfaction and trust in supply chain partnerships. It measures inventory availability and the ability to meet customer orders as they come in. Conversely, a low OTIF rate may force you to maintain higher inventory levels to compensate for uncertainties in supply.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 98

SCMDOJO

OCTOBER 7, 2024

Examples of Cost Efficiency An Abacus Company of Courier and Logistics operates two routes: Route 1 runs with costs of $5,000 per month and transports 1,500 parcels. Whereas, route 2 runs with costs of $4,500 per month and transports the same number of parcels. Which route is Cost-effective?

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 52

Unleashed

FEBRUARY 28, 2023

It can also be an important productivity key performance indicator (KPI), used to track progress and highlight areas where more training or better equipment may be required. Although receiving efficiency is itself a KPI, other metrics can also assist in measuring how optimally your business receives goods.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52