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A Guide to Supply Chain Key Performance Indicators (KPIs)

Logistics Bureau

A KPI is a practical and objective measurement of progress, either: Towards a predetermined goal, or Against a required standard of performance It might help to think of a KPI as something like an instrument on a car dashboarda speedometer, for example. Why Are KPIs Important?

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How WMS Suppliers Helped Their Customers Hit the Covid-19 Curveball

Logistics Viewpoints

I thought of this analogy when speaking with warehouse management system (WMS) suppliers during this year’s global WMS market study. Omni-channel retailers have facilities dedicated to direct-to-consumer fulfillment and others responsible for retail store replenishment. Most notably, picking processes were changed significantly.

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Advanced Matrix Applications in Supply Chains

Log-hub

For example, a global retailer can use a tensor-based approach to manage product demand across multiple warehouses, optimizing stock levels dynamically. For example, a 3D graph can map supplier networks, showing how inventory moves across multiple locations. This helps companies stay efficient while meeting customer expectations.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. AI/ML technology will help with many aspects of your supply chain planning both on the demand and supply side. and Europe.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1

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The Secret of Getting Ahead (Takeaways from Command Alkon ELEVATE 2018 Conference)

Talking Logistics

According to a McKinsey Global Institute study , the construction industry is among the least digitized, ranking 21 out of 22 industries (only Agriculture and hunting ranked lower). As reported in MarketWatch , “The global construction industry has a chronic productivity problem. Getting Started with Digital Transformation.

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5 Tips for Improving Your Inventory Management in 2021

ShipLilly

For example, a previously unpopular product may suddenly receive a sales boost due to a celebrity endorsement. For example, an offer may attract more attention than anticipated which means that your stock will deplete faster than you can replenish them.