This document discusses key performance indicators (KPIs) and metrics for logistics. It lists some of the most important logistics KPIs including shipping time, order accuracy, delivery time, transportation costs, warehousing costs, number of shipments, inventory accuracy, inventory turnover, and inventory to sales ratio. For each KPI, it provides a definition and discusses how tracking it can help optimize logistics processes and identify areas for improvement. The document emphasizes setting targets for KPIs and comparing actual performance to benchmarks.
This document discusses key performance indicators (KPIs) and metrics in logistics. It lists some of the most important logistics KPIs including shipping time, order accuracy, delivery time, transportation costs, warehousing costs, number of shipments, inventory accuracy, inventory turnover, and inventory to sales ratio. For each KPI, it provides a definition and discusses how tracking it can help optimize logistics processes and identify areas for improvement. The goal of measuring KPIs is to enhance supply chain efficiency and customer satisfaction.
This document discusses inventory optimization strategies for companies. It begins by stating that optimal inventory levels balance inventory costs, service levels, and sales. It then explores key drivers of inventory optimization, including sales and operations planning, inventory management, demand planning, vendor management, and key performance indicators. The document emphasizes that inventory optimization requires balancing inventory reduction with maintaining adequate service levels.
This document discusses Key Performance Indicators (KPIs) for measuring warehouse inventory performance. It defines KPIs and lists 10 important warehouse inventory KPIs to monitor, including inventory turnover, inventory accuracy, rate of demand, average days on hand, carrying cost of inventory, rate of return, perfect order rate, back order rate, percentage of out of stock items, and inventory to sales ratio. Each KPI is defined and an example calculation is provided. Monitoring these KPIs can help optimize inventory levels and identify issues impacting operations.
This document discusses supply chain metrics and goals. It states that tracking metrics allows companies to understand performance over time and identify problem areas. Common metrics include inventory turns and cycle time. Setting goals is important, and goals should be specific, measurable, attainable, realistic and have a timeframe. Goals can be set based on benchmarks and a 10% annual improvement target. The document provides examples of supply chain metrics and guidelines for setting effective goals.
The document describes the services offered by Rollingdice Company including ERP solutions, supply chain management, sales management, inventory management, and logistics management. It provides details on each of these services and how they can help businesses manage suppliers, sales, orders, inventory levels, and deliveries in an integrated system. The overall goal is to provide business intelligence and optimization to help companies run efficiently.
Advantages Of Shipment Management Software In Logistics Chain-converted.pdfAromalRajeevan
Shipment management in the cloud ensures on-time delivery by providing users with real-time updates on shipment status. Shipment management is an essential component of every company's supply chain. It ensures that every shipment arrives at its destination on schedule and in a cost-effective manner. Choosing the right shipping, acquiring freight prices, and comparing transit times and other criteria with multiple shipping lines/freight forwarders are all part of shipment management. While each stage of the shipment management life cycle is critical, cargo tracking is the one that has the greatest impact on customer satisfaction and corporate profitability.
Kraft Foods is a large global food and beverage company with over 113,000 employees worldwide. To maintain its market leadership, Kraft must efficiently plan and manage its complex global supply chain. In the early 2000s, Kraft established a Supply Chain department and implemented a management intelligence project with three key modules to improve supply chain performance: a customer service level module to monitor order fulfillment, a cost to serve module to analyze and optimize logistic costs, and a logistics cost budgeting module to facilitate budgeting and scenario planning.
This white paper discusses how companies can improve their inbound supply chain through increased visibility and optimized business processes. It identifies common gaps such as a lack of optimization and carrier selection based on supplier incentives rather than service. The paper recommends taking control of inbound transportation, mapping processes, gaining shipment visibility, consolidating loads, and proactively managing suppliers to identify issues. This can help reduce costs, improve service, and provide accurate cost allocation through greater supply chain performance and control.
This document discusses key performance indicators (KPIs) and metrics in logistics. It lists some of the most important logistics KPIs including shipping time, order accuracy, delivery time, transportation costs, warehousing costs, number of shipments, inventory accuracy, inventory turnover, and inventory to sales ratio. For each KPI, it provides a definition and discusses how tracking it can help optimize logistics processes and identify areas for improvement. The goal of measuring KPIs is to enhance supply chain efficiency and customer satisfaction.
This document discusses inventory optimization strategies for companies. It begins by stating that optimal inventory levels balance inventory costs, service levels, and sales. It then explores key drivers of inventory optimization, including sales and operations planning, inventory management, demand planning, vendor management, and key performance indicators. The document emphasizes that inventory optimization requires balancing inventory reduction with maintaining adequate service levels.
This document discusses Key Performance Indicators (KPIs) for measuring warehouse inventory performance. It defines KPIs and lists 10 important warehouse inventory KPIs to monitor, including inventory turnover, inventory accuracy, rate of demand, average days on hand, carrying cost of inventory, rate of return, perfect order rate, back order rate, percentage of out of stock items, and inventory to sales ratio. Each KPI is defined and an example calculation is provided. Monitoring these KPIs can help optimize inventory levels and identify issues impacting operations.
This document discusses supply chain metrics and goals. It states that tracking metrics allows companies to understand performance over time and identify problem areas. Common metrics include inventory turns and cycle time. Setting goals is important, and goals should be specific, measurable, attainable, realistic and have a timeframe. Goals can be set based on benchmarks and a 10% annual improvement target. The document provides examples of supply chain metrics and guidelines for setting effective goals.
The document describes the services offered by Rollingdice Company including ERP solutions, supply chain management, sales management, inventory management, and logistics management. It provides details on each of these services and how they can help businesses manage suppliers, sales, orders, inventory levels, and deliveries in an integrated system. The overall goal is to provide business intelligence and optimization to help companies run efficiently.
Advantages Of Shipment Management Software In Logistics Chain-converted.pdfAromalRajeevan
Shipment management in the cloud ensures on-time delivery by providing users with real-time updates on shipment status. Shipment management is an essential component of every company's supply chain. It ensures that every shipment arrives at its destination on schedule and in a cost-effective manner. Choosing the right shipping, acquiring freight prices, and comparing transit times and other criteria with multiple shipping lines/freight forwarders are all part of shipment management. While each stage of the shipment management life cycle is critical, cargo tracking is the one that has the greatest impact on customer satisfaction and corporate profitability.
Kraft Foods is a large global food and beverage company with over 113,000 employees worldwide. To maintain its market leadership, Kraft must efficiently plan and manage its complex global supply chain. In the early 2000s, Kraft established a Supply Chain department and implemented a management intelligence project with three key modules to improve supply chain performance: a customer service level module to monitor order fulfillment, a cost to serve module to analyze and optimize logistic costs, and a logistics cost budgeting module to facilitate budgeting and scenario planning.
This white paper discusses how companies can improve their inbound supply chain through increased visibility and optimized business processes. It identifies common gaps such as a lack of optimization and carrier selection based on supplier incentives rather than service. The paper recommends taking control of inbound transportation, mapping processes, gaining shipment visibility, consolidating loads, and proactively managing suppliers to identify issues. This can help reduce costs, improve service, and provide accurate cost allocation through greater supply chain performance and control.
Working Capital_Cash Operating Cycle_Inventory ManagementTonny Bbale
This document discusses various aspects of working capital management including:
- Definitions of working capital and its key components like cash, receivables, inventory, and payables.
- The objectives of working capital management are profitability and liquidity. There is sometimes a conflict between these two objectives when decisions are made.
- Key concepts covered include the cash operating cycle, economic order quantity (EOQ) formula, ABC inventory classification, and just-in-time (JIT) techniques.
- Materials requirements planning (MRP) is introduced as a production planning technique that maintains low inventory levels by ordering only what is needed based on the bill of materials and production schedule.
8 key benefits of effective supply chain managementkunzitegroup
Data-driven supply chain management provides end-to-end visibility across procurement, manufacturing, and delivery to optimize operations. Effective SCM offers numerous benefits, including better collaboration through shared data, improved quality control by monitoring supplier performance, and higher efficiency by enabling backup plans for delays. Additional benefits are keeping up with demand by reducing the bullwhip effect, optimizing shipping costs, reducing overhead through leaner inventory and identifying unnecessary spending, improving risk mitigation with backup plans, and enhancing cash flow by working with reliable suppliers and eliminating waste.
8 key benefits of effective supply chain managementHpm India
Effective supply chain management provides numerous benefits including: improved collaboration through integrated information sharing; improved quality control by setting supplier standards; higher efficiency by enabling backup planning; better demand prediction to reduce costs and bullwhip effect; optimized shipping to lower transportation costs; reduced overhead by stocking less inventory and identifying unnecessary spending; improved risk mitigation by analyzing data to address vulnerabilities; and improved cash flow by working with reliable suppliers and eliminating waste.
The document discusses inbound logistics, which refers to the process of procuring materials and bringing them into a company. It involves activities like sourcing suppliers, purchasing goods, transportation, receiving shipments, and inventory management. The document provides an example of how inbound logistics works for a fashion company procuring fabric and other supplies. It also outlines some common challenges in inbound logistics like shipping inefficiencies, lack of shipment visibility, demand fluctuations, and unreliable suppliers. The document concludes with recommendations for improving inbound logistics such as analyzing processes, developing strategies, strengthening supplier relationships, and implementing transportation and warehouse management systems.
Unleash the Power of the Best Inventory Management SoftwareMirnalini Amrit
In today's competitive business landscape, efficient inventory management is a key factor in driving success and profitability. The best inventory management software is your secret weapon to streamline operations, optimize inventory levels, and stay ahead of the competition.
At FireColours, we offer the industry's leading inventory management software solution designed to meet the unique needs of your business. With our software, you can take control of your inventory, improve order fulfillment, and boost overall operational efficiency.
Our best inventory management software provides real-time inventory tracking, empowering you with up-to-date insights into stock levels, locations, and movements. Say goodbye to manual tracking and data discrepancies, and embrace a streamlined and accurate inventory management process.
With features like order management and fulfillment, you can ensure timely and accurate order processing, leading to satisfied customers and repeat business. Our software also offers demand forecasting and planning capabilities, allowing you to optimize inventory levels, reduce carrying costs, and make data-driven decisions for procurement or production.
Beyond the core features, our best inventory management software provides comprehensive reporting and analytics, giving you deep visibility into inventory performance, turnover rates, and more. With these insights, you can identify inefficiencies, spot trends, and make informed decisions to improve overall business performance.
Partner with FireColours and unlock the full potential of the best inventory management software for your business. Our dedicated team of experts is here to provide exceptional support, training, and ongoing assistance to ensure a seamless and successful implementation.
Don't let inventory management challenges hinder your growth. Experience the power of the best inventory management software and take your business to new heights of efficiency and profitability. Visit our website at www.firecolours.com to learn more and schedule a personalized demonstration today.
Use of Inventory cycle counting is a recommended task that requires continuous monitoring of stock on a weekly, monthly or bimonthly basis. Better results of inventory management can be obtained by acquiring certain knowledge about this scheme which is available at InventorySkills.com
- The Economic Order Quantity (EOQ) model is recommended for ordering fast-moving consumer goods from grocery stores. It helps save money by balancing ordering and holding costs, ensures optimal inventory levels, and improves stock management.
- Little's Law connects average inventory, flow time, and demand rate. It states that average inventory equals average flow time multiplied by average demand rate. Understanding Little's Law helps businesses maintain the right amount of inventory.
- Factors like variability in demand, supplier delays, inaccurate forecasting, and unforeseen events can cause stock-out occurrences and excessive consumption during the lead time between ordering and receiving inventory.
Key Performance Indicators (KPIs) for supply chain management.pdfUmesh Golecha
Key performance indicators (KPIs) are metrics used to measure the effectiveness and efficiency of supply chain processes. The document lists several important KPIs for supply chain management, including order fulfillment rate, on-time delivery, inventory turnover, perfect order rate, supplier on-time delivery, lead time, cash-to-cash cycle time, demand forecast accuracy, fill rate, transportation costs as a percentage of sales, warehouse utilization, return rate, order-to-cash cycle time, supplier quality index, inventory accuracy, cash flow from operations, supplier lead time, and customer churn rate. These KPIs provide insights to help optimize supply chain operations and identify areas for improvement.
Project report on inventory managementAyesha Hamid
This document discusses inventory management. It defines inventory as items or goods that a company uses or will sell. Effective inventory management is important to minimize costs and ensure adequate supply. The document outlines different types of inventory like raw materials and finished goods. It also discusses inventory costs and metrics like turnover ratios that measure how quickly inventory is sold. The goal of inventory management is to provide good customer service while minimizing inventory levels and related costs.
The document describes the order to cash (OTC) process, including taking customer orders, fulfilling orders, shipping, generating invoices, and collecting payments. It discusses the key sub-processes, purpose, process flow, and how improving OTC is a strategic priority for companies. The OTC process touches many departments and applications within a company.
Why Inventory Management is Critical for Your OperationAngela Carver
Supply chain businesses continue to increase in complexity. Manual processes can no longer support these changing operations. Warehouse management system software is a necessary tool to manage these complex businesses. Using warehouse management software can help with inventory management tracking needs and may help to reduce costs, increase staff productivity and improve customer satisfaction. All of these factors are important to customer retention and finding new customers.
Inventory management is critical to many supply chain operations as it allows your team to better analyze patterns in activity, both inside and outside of your facility. Paper-based inventory management does not facilitate the level of reporting needed to determine trends affecting your business. With this information your team can optimize inventory management efforts and facility layout.
Using inventory management software also helps your business to better monitor inventory flow through rates. You will be able to better understand what inventory levels are most appropriate to both reduce inventory carrying costs and reduce out of stock instances. Supply chain businesses utilizing this type of technology typically see an average 7.5% decrease in out of stocks.
Inventory management software can also help in improving the effectiveness of facility order fulfillment. With the real-time data availability created with the use of the software staff can pick, pack and ship orders in record time and with increased accuracy. 95.4% of businesses reported orders are delivered on time and complete when inventory control technology is used.
Managing inventory with technology such as WMS can also help to improve benchmarking capabilities. With access to KPI data your team can compare against industry standards and make adjustments as needed.
WMS also increases asset tracking capabilities and can help to reduce the amount of lost and damaged inventory within your facility. Performing activity such as cycle counts directed by the WMS your team can identify inventory loss patterns, leading to a faster issue resolution.
The data collected using inventory control software also improves communication and decision making capabilities. This, along with the other areas of improvement, lead to a better customer experience and increased customer loyalty. To learn more about how inventory management can benefit your business contact Datex experts today.
The document discusses optimizing inventory to reduce costs and free up cash flow. It outlines several typical inventory holding costs like storage, damage, obsolescence and shipping. These small daily costs can substantially impact the bottom line over time. The document provides tips to manage inventory such as setting metrics to monitor inventory turnover and accuracy, segmenting inventory, collaborating with suppliers, optimizing safety stock levels, using centralized inventory management, and working with suppliers to monitor inventory with accurate metrics and reduce safety stock levels.
This document discusses inventory management policies at PRO MILK. It defines inventory as raw materials, work in process, and finished goods. PRO MILK uses finished goods inventory for exported products and customers in France. The document outlines PRO MILK's inventory cycles including purchase order processing, receiving materials, storage of raw and finished materials, processing items, and storage of finished goods. It emphasizes the importance of accurate inventory information and tracking inputs and outputs to warehouses and production to establish true inventory levels and enable quick decision making.
GwayERP - To be known as a custom erp software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
Developing an own product through any type of module for any type of industry by technological experts to advance the application to attain excellent ERP Software. Realizing a full potential and participation in process to drive in a new era of development, growth and productivity.
we provide customized ERP software for any industry, We have Customized modules for manufacturing companies, and We earn customers through our uniqueness. We are passionate about delivering dedicated customized products for the customers. The customization is based on each industry and we are excited with customers to simplify the complexity.
We realize the potential of the business and we believe in joining hands to satisfy clients' requirements
GwayERP - To be known as a custom software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
GwayERP - To be known as a custom erp software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Contenu connexe
Similaire à LOGISTICS_KEY_PERFORMANCE_INDICATORS_AND.pptx
Working Capital_Cash Operating Cycle_Inventory ManagementTonny Bbale
This document discusses various aspects of working capital management including:
- Definitions of working capital and its key components like cash, receivables, inventory, and payables.
- The objectives of working capital management are profitability and liquidity. There is sometimes a conflict between these two objectives when decisions are made.
- Key concepts covered include the cash operating cycle, economic order quantity (EOQ) formula, ABC inventory classification, and just-in-time (JIT) techniques.
- Materials requirements planning (MRP) is introduced as a production planning technique that maintains low inventory levels by ordering only what is needed based on the bill of materials and production schedule.
8 key benefits of effective supply chain managementkunzitegroup
Data-driven supply chain management provides end-to-end visibility across procurement, manufacturing, and delivery to optimize operations. Effective SCM offers numerous benefits, including better collaboration through shared data, improved quality control by monitoring supplier performance, and higher efficiency by enabling backup plans for delays. Additional benefits are keeping up with demand by reducing the bullwhip effect, optimizing shipping costs, reducing overhead through leaner inventory and identifying unnecessary spending, improving risk mitigation with backup plans, and enhancing cash flow by working with reliable suppliers and eliminating waste.
8 key benefits of effective supply chain managementHpm India
Effective supply chain management provides numerous benefits including: improved collaboration through integrated information sharing; improved quality control by setting supplier standards; higher efficiency by enabling backup planning; better demand prediction to reduce costs and bullwhip effect; optimized shipping to lower transportation costs; reduced overhead by stocking less inventory and identifying unnecessary spending; improved risk mitigation by analyzing data to address vulnerabilities; and improved cash flow by working with reliable suppliers and eliminating waste.
The document discusses inbound logistics, which refers to the process of procuring materials and bringing them into a company. It involves activities like sourcing suppliers, purchasing goods, transportation, receiving shipments, and inventory management. The document provides an example of how inbound logistics works for a fashion company procuring fabric and other supplies. It also outlines some common challenges in inbound logistics like shipping inefficiencies, lack of shipment visibility, demand fluctuations, and unreliable suppliers. The document concludes with recommendations for improving inbound logistics such as analyzing processes, developing strategies, strengthening supplier relationships, and implementing transportation and warehouse management systems.
Unleash the Power of the Best Inventory Management SoftwareMirnalini Amrit
In today's competitive business landscape, efficient inventory management is a key factor in driving success and profitability. The best inventory management software is your secret weapon to streamline operations, optimize inventory levels, and stay ahead of the competition.
At FireColours, we offer the industry's leading inventory management software solution designed to meet the unique needs of your business. With our software, you can take control of your inventory, improve order fulfillment, and boost overall operational efficiency.
Our best inventory management software provides real-time inventory tracking, empowering you with up-to-date insights into stock levels, locations, and movements. Say goodbye to manual tracking and data discrepancies, and embrace a streamlined and accurate inventory management process.
With features like order management and fulfillment, you can ensure timely and accurate order processing, leading to satisfied customers and repeat business. Our software also offers demand forecasting and planning capabilities, allowing you to optimize inventory levels, reduce carrying costs, and make data-driven decisions for procurement or production.
Beyond the core features, our best inventory management software provides comprehensive reporting and analytics, giving you deep visibility into inventory performance, turnover rates, and more. With these insights, you can identify inefficiencies, spot trends, and make informed decisions to improve overall business performance.
Partner with FireColours and unlock the full potential of the best inventory management software for your business. Our dedicated team of experts is here to provide exceptional support, training, and ongoing assistance to ensure a seamless and successful implementation.
Don't let inventory management challenges hinder your growth. Experience the power of the best inventory management software and take your business to new heights of efficiency and profitability. Visit our website at www.firecolours.com to learn more and schedule a personalized demonstration today.
Use of Inventory cycle counting is a recommended task that requires continuous monitoring of stock on a weekly, monthly or bimonthly basis. Better results of inventory management can be obtained by acquiring certain knowledge about this scheme which is available at InventorySkills.com
- The Economic Order Quantity (EOQ) model is recommended for ordering fast-moving consumer goods from grocery stores. It helps save money by balancing ordering and holding costs, ensures optimal inventory levels, and improves stock management.
- Little's Law connects average inventory, flow time, and demand rate. It states that average inventory equals average flow time multiplied by average demand rate. Understanding Little's Law helps businesses maintain the right amount of inventory.
- Factors like variability in demand, supplier delays, inaccurate forecasting, and unforeseen events can cause stock-out occurrences and excessive consumption during the lead time between ordering and receiving inventory.
Key Performance Indicators (KPIs) for supply chain management.pdfUmesh Golecha
Key performance indicators (KPIs) are metrics used to measure the effectiveness and efficiency of supply chain processes. The document lists several important KPIs for supply chain management, including order fulfillment rate, on-time delivery, inventory turnover, perfect order rate, supplier on-time delivery, lead time, cash-to-cash cycle time, demand forecast accuracy, fill rate, transportation costs as a percentage of sales, warehouse utilization, return rate, order-to-cash cycle time, supplier quality index, inventory accuracy, cash flow from operations, supplier lead time, and customer churn rate. These KPIs provide insights to help optimize supply chain operations and identify areas for improvement.
Project report on inventory managementAyesha Hamid
This document discusses inventory management. It defines inventory as items or goods that a company uses or will sell. Effective inventory management is important to minimize costs and ensure adequate supply. The document outlines different types of inventory like raw materials and finished goods. It also discusses inventory costs and metrics like turnover ratios that measure how quickly inventory is sold. The goal of inventory management is to provide good customer service while minimizing inventory levels and related costs.
The document describes the order to cash (OTC) process, including taking customer orders, fulfilling orders, shipping, generating invoices, and collecting payments. It discusses the key sub-processes, purpose, process flow, and how improving OTC is a strategic priority for companies. The OTC process touches many departments and applications within a company.
Why Inventory Management is Critical for Your OperationAngela Carver
Supply chain businesses continue to increase in complexity. Manual processes can no longer support these changing operations. Warehouse management system software is a necessary tool to manage these complex businesses. Using warehouse management software can help with inventory management tracking needs and may help to reduce costs, increase staff productivity and improve customer satisfaction. All of these factors are important to customer retention and finding new customers.
Inventory management is critical to many supply chain operations as it allows your team to better analyze patterns in activity, both inside and outside of your facility. Paper-based inventory management does not facilitate the level of reporting needed to determine trends affecting your business. With this information your team can optimize inventory management efforts and facility layout.
Using inventory management software also helps your business to better monitor inventory flow through rates. You will be able to better understand what inventory levels are most appropriate to both reduce inventory carrying costs and reduce out of stock instances. Supply chain businesses utilizing this type of technology typically see an average 7.5% decrease in out of stocks.
Inventory management software can also help in improving the effectiveness of facility order fulfillment. With the real-time data availability created with the use of the software staff can pick, pack and ship orders in record time and with increased accuracy. 95.4% of businesses reported orders are delivered on time and complete when inventory control technology is used.
Managing inventory with technology such as WMS can also help to improve benchmarking capabilities. With access to KPI data your team can compare against industry standards and make adjustments as needed.
WMS also increases asset tracking capabilities and can help to reduce the amount of lost and damaged inventory within your facility. Performing activity such as cycle counts directed by the WMS your team can identify inventory loss patterns, leading to a faster issue resolution.
The data collected using inventory control software also improves communication and decision making capabilities. This, along with the other areas of improvement, lead to a better customer experience and increased customer loyalty. To learn more about how inventory management can benefit your business contact Datex experts today.
The document discusses optimizing inventory to reduce costs and free up cash flow. It outlines several typical inventory holding costs like storage, damage, obsolescence and shipping. These small daily costs can substantially impact the bottom line over time. The document provides tips to manage inventory such as setting metrics to monitor inventory turnover and accuracy, segmenting inventory, collaborating with suppliers, optimizing safety stock levels, using centralized inventory management, and working with suppliers to monitor inventory with accurate metrics and reduce safety stock levels.
This document discusses inventory management policies at PRO MILK. It defines inventory as raw materials, work in process, and finished goods. PRO MILK uses finished goods inventory for exported products and customers in France. The document outlines PRO MILK's inventory cycles including purchase order processing, receiving materials, storage of raw and finished materials, processing items, and storage of finished goods. It emphasizes the importance of accurate inventory information and tracking inputs and outputs to warehouses and production to establish true inventory levels and enable quick decision making.
GwayERP - To be known as a custom erp software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
Developing an own product through any type of module for any type of industry by technological experts to advance the application to attain excellent ERP Software. Realizing a full potential and participation in process to drive in a new era of development, growth and productivity.
we provide customized ERP software for any industry, We have Customized modules for manufacturing companies, and We earn customers through our uniqueness. We are passionate about delivering dedicated customized products for the customers. The customization is based on each industry and we are excited with customers to simplify the complexity.
We realize the potential of the business and we believe in joining hands to satisfy clients' requirements
GwayERP - To be known as a custom software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
GwayERP - To be known as a custom erp software development company with the best business outcomes. We work with clients to achieve high standards. We deliver the product with enhanced reports to benefit the business and provide it with unique features. We create your own software from scratch based on your specifications. Custom software development alone allows for 100% successful implementation.
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Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
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SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
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3. KEY PERFORMANCE INDICATORS
(KPI) AND METRICS OF LOGISTICS
A logistics KPI or metric is a performance
measurement that is used by logistics managers to
track, visualize and optimize all relevant logistic
processes in an efficient and transparent way.
Among others, these measurements refer to
transportation, warehouse and supply chain aspects.
5. List of the most important
Logistics KPIs and Metrics
Shipping Time: Spot potential issues in your order fulfilment
process
Order Accuracy: Monitor the degree of incidents
Delivery Time: Track your average delivery time in detail
Transportation Costs: Analyze all costs from the order placement
to delivery
Warehousing Costs: Optimize the expenses of your warehouse
Number of Shipments: Understand how many orders are shipped
Inventory Accuracy: Avoid problems because of inaccurate
inventory
Inventory Turnover: Track how many times your entire inventory
is sold
Inventory to Sales Ratio: Identify a potential overstock
6. Shipping Time
Spot Potential Issues in the Order Fulfilment Process
The On-Time Shipping performance refers to “the ratio of orders
that have been shipped on or before the requested ship date
divided by the total number of orders”.
This is a first logistics KPI to help you measure your supply chain
performance.
Indeed, if the amount of time between the moment the customer
placed his order and the moment that order is prepared to be shipped
is too long, that can show some trouble in the process that need to be
fixed.
Whether it is outdated planning processes or disconnected execution
systems too slow to face an increasing demand, the issues need to be
addressed to quickly answer unexpected events.
7.
8. Performance Indicators
After realizing a benchmark of the average time you
need to ship a certain type of order, you can set a target
shipping time relative to each product to achieve.
9. ORDER ACCURACY
Monitor the degree of incidents from the placement to the
delivery of an order
The Perfect Order Rate is another highly important logistics
metric when it comes to your supply chain efficiency.
It measures “the amount of orders that are processed,
shipped and delivered without any incidents on its way”.
The shipping time as well as the delivery time are both respected,
the order is not a wrong one and the goods are not damaged.
It is important as it shows the efficiency of your supply chain and
delivery services, and that leads of course to more satisfied
clients that are willing to come back or recommend your
services.
10.
11. Performance Indicators
The higher is accuracy rate, the better it is for your
business.
You will lose less money with returns of inaccurate or
damaged goods, and increase the level of satisfaction
of your customer base.
12. DELIVERY TIME
Track the time it needs for an order correctly prepared to
arrive at destination
The Average Time Delivery is “measured from the moment the
order is placed to be shipped and the moment it is delivered to
the customer/post office”.
After benchmarking and having an idea of the average delivery time
from your warehouse to anywhere, the goal would be to decrease it
when possible - offering special delivery services for instance - but
more importantly, to precise it.
Saying that an order will arrive in 4-5 business days is better than
saying it will arrive in 1-to-5 business days.
Additionally, if you can precise the delivery hours (between 13h and 15h
rather than between 8h and 18h), it is even better.
That way, your customer knows when he should be home to pick the
package up, increasing your order picking accuracy rate and avoiding
returns.
13.
14.
15. Performance Indicators
This is a typical logistics KPI example to narrow down
and precise as much as possible for a better service.
16. TRANSPORTATION COSTS
Track all costs from the order placement to its delivery
The Average Transportation Costs calculates “an overall of the expenses
involved in processing an order from the beginning to the end”.
It will break down all the costs related to this logistics KPI according to distinct
categories:
the order processing,
the administrative,
the inventory carrying,
the warehousing
the actual transportation costs.
After calculating all these, you can evaluate the percentage each stage of the
process represents and see if that is excessive or in the norms.
You can also calculate the transportation costs relatively to a product and
see how much one item costs compared to how much revenue it brings you.
18. Performance Indicators
The goal is to decrease the transportation costs while
maintaining a high quality of delivery.
19. WAREHOUSING COSTS
Monitor the expenses involved in the management of your warehouse
Warehousing is the management of space and time.
The Warehousing Costs refer to “the money allocated to the goods moved
into or outside the warehouse”.
These expenses cover
Equipment and energy costs
Ordering costs
Storing Costs
Loading/Unloading the goods costs,
Labor Costs
Shipment Costs
Delivery Costs
The warehousing costs are a component of another logistics KPI, the total
transportation costs.
Measuring them is not an easy task, but once it is done it will facilitate your
overall management and add a lot of value, something that senior management
or investors will appreciate.
21. Performance Indicators
Warehouse being the main area of your business, it is
important to measure and review the costs on a regular
basis, so as to improve your operations and evaluate
such improvement.
22. NUMBER OF SHIPMENTS
Evaluate how many orders are shipped out of our
warehouse
Shipping is not only a matter of dispatching goods and packages
in trucks or boats.
Shipments are the showcase of your warehouse;
their quality and the accuracy to primary order will demonstrate
the quality of your service as well.
The same way you measure the number of orders placed ready
on time to be shipped (On-Time Shipping KPI), you can measure
“the number of orders shipped out of your warehouse”.
Analysing the trends over time will provide great insights on
rush hours or rush seasons (such as Christmas time), and enable
you to anticipate and allocate more resources accordingly.
24. Performance Indicators
Breaking down this figure into several categories
(countries, regions, types of products) will provide you
greater information that you can use to optimize other
logistics metrics, like the ones related to delivery.
25. INVENTORY ACCURACY
Avoid problems because of inaccurate inventory
Inventory Accuracy is one of those logistics metrics that can make or
break your warehouse.
Inventory Accuracy “having certain that records of all goods in the
database matching the actual physical inventory”.
Indeed, having a certain record of all your goods in your database that
doesn’t match the actual physical inventory can harm your business
considerably.
If your inventory is inaccurate, that can lead to unexpected backorders
but also unsatisfied customers and more generally, higher overall costs.
A regular inventory checking the existing discrepancies with your
electronic inventory record ensures that bookkeeping practices are in
order and that your business is reliable, avoiding phantom inventory
nightmares.
This ratio will also help you spot issues related to receiving, shipping, or
accounting.
27. Performance Indicators
On a more realistic level, it is also normal to have some
disparities between the record and the warehouse, but
the idea is to maintain that ratio over 92% as much as
possible.
28. INVENTORY TURNOVER
Track how many times your entire inventory is sold
This logistics KPI measures “the number of times your inventory
entirely has been sold over a certain period of time”.
It is a great indicator of efficient production planning, process, as well
as marketing and sales management.
In general, the higher your turnover rate, the better.
A low turnover may translate difficulties in turning your stock into
revenue, and that can come from any stage of your supply chain
process.
There is not one general rate to achieve, as it depends on the industry
your company is evolving:
a car dealership will have a lower turnover than a common groceries
store.
The idea would be to benchmark your industry average rate and try to
reach and exceed that target.
31. INVENTORY TO SALES RATIO
Evaluate how much inventory you carry in comparison
to the number of sales performed
This logistics metric is good at evaluating the overstock.
It measures “the ratio between the available inventory
for sale, versus the actual quantity that is sold”.
This is a great performance indicator that will also tell you
if your company is able to face unexpected situations.
It is an even greater indicator if you measure and use it with
other KPIs such as Inventory turnover, or the Carrying cost
of inventory.
That will let you know about the financial stability of your
business, but also the direction you want to take - selling
your inventory as quickly as possible or not.
32.
33. Performance Indicators
It really depends on your business what your target
ratio should be.
Usually you try to keep it not too high to avoid low
inventory turnover rates.