Data and analytics derived from your daily supply chain operations can give your business insight into what areas are performing above expectations, at acceptable levels and those that are underperforming. Once any pain points have been identified, warehouse operators and other key players can develop new supply chain strategies to increase operational effectiveness, reduce costs and improve labor productivity. As there is no one area of the business that is more important than another, it is critical to focus on metrics across all business units. A functionally robust WMS will provide your business with data and analytics for all units including warehousing, distribution, production/kitting/assembly, procurement, transportation, customer service and accounting.

The accuracy of data provided is the most important factor. Data riddled with errors does not provide your team with the accurate view needed to make operational improvements. To help improve data reliability warehouse operators are implementing automated data collection technologies. These tools help to reduce manual data entry, where most errors originate.

Each supply chain operation places varying levels of importance on data elements, called key performance indicators (KPIs). Using KPIs allows your business to compare current performance against historical data or industry best practices and make any adjustments that may be needed. The top KPIs used in the supply chain and logistics industries include: inventory carrying costs, inventory turnover rates, order fulfillment accuracy, fill rates and more.

Once top KPIs have been identified for your supply chain business, custom reports can be generated, simplifying data analysis and keeping staff focused on top job functions. Using these reports to evaluate business relationships can help your supply chain to reduce costs and save time related to poor partner performance.

To learn more about how supply chain data, analytics and reporting can impact your operation’s continuous improvement strategy contact Datex experts today at , or 800.933.2839 ext 243.

Featured Content

The Friday Report: June 14th, 2019

Beyond Meat Burgers Finally Fixed for Fast Food After the April announcement that Burger King would test the vegan burger Beyond Meat in 59 locations in the St. Louis area and successful sales by Carl’s Jr. in 1000 locations since January, Beyond Meat CEO Ethan Brown...

The Friday Report: June 7th, 2019

Target Tempts Shoppers with Same-Day Delivery Target now offers same-day delivery service in 47 U.S. States, facilitated by the Shipt same-day delivery platform.  Although a Shipt account is no longer required, the service costs $9.99 per order or a $99 annual...

The Friday Report: May 31st, 2019

FedEx Ground to Debut New 7 Day a Week Residential Delivery Service In an effort to keep pace with Amazon Prime’s one day delivery service, FedEx recently announced that FedEx Ground will begin seven day a week residential delivery service for most of the United...

© Copyright 2019 - Datex Corporation. All rights reserved.

Pin It on Pinterest

Share This
/* intercom chat goes here */