๐พ๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐๐ ๐ด๐๐๐๐๐๐
Continuing from yesterday’s metrics let’s look at some more of them today which can turn our warehouse operations into state of the art thus giving desired deliverables for our businesses.
7. ๐ช๐๐๐ ๐ท๐๐ ๐ณ๐๐๐ ๐ฐ๐๐๐ ๐บ๐๐๐๐๐๐ – The cost per line item shipped examines the microeconomics of logistics operation. This metric measures how much it costs to handle and ship one item out of the warehouse. Itโs a good bit of data to have on hand because shipping one item means people, computer systems and how your warehouse moves products. Any increases in metric need a closer look so you can keep costs and prices down.
8. ๐ป๐๐๐ ๐๐ ๐น๐๐๐๐๐๐๐๐ ๐๐๐ ๐ท๐๐๐ ๐ณ๐๐๐๐๐๐๐ – How long do you need to intake inventory? This metric measures the speed and efficiency with which your staff unloads something and gets product to its place in the warehouse. This ties into your truck time in the dock and days on hand.
9. ๐ซ๐๐๐ ๐๐ ๐ฏ๐๐๐ – Days on hand is part of inventory turnover because it measures how much your storage costs build up over time. When products sit there for several days, it costs you money.
10. ๐ท๐๐๐๐๐๐ ๐ถ๐๐ ๐๐ ๐ด๐๐๐๐๐๐๐๐๐ – Perfect order management indicates which links in the chain are broken, whether itโs procurement, production, transportation, labor or any stage of the warehouse process.
11. ๐ญ๐๐๐ ๐น๐๐๐ – The fill rate shows what percentage of orders you fill on the first shipment. This metric combines customer satisfaction and transportation efficiency.
12. ๐บ๐๐๐๐๐ ๐ช๐๐๐๐ ๐ช๐๐๐๐ ๐ป๐๐๐ – This metric measures what would possibly happen if you had no inventory on hand whatsoever. Then you determine how long it takes you to fill an order. When this time is shorter, you have better supply chain management.
13. ๐ช๐๐๐๐๐๐๐ ๐ถ๐๐ ๐๐ ๐ช๐๐๐๐ ๐ป๐๐๐ – Your customer order cycle time examines how quickly a customer gets an order. The faster, the better, in this instance. If this changes, figure it out quickly.
14. ๐ซ๐๐๐๐๐ ๐ญ๐๐๐๐๐๐๐ – Demand forecast is hard to predict, but analytics software helps. When you have accurate demand forecasts, you prevent bumps in the road with regards to pricing, capacity and whether to expand your operations.
15. ๐ช๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐๐ ๐ฐ๐๐๐๐๐๐๐๐ – In the big picture, your entire warehouse makes money based on this KPI. The carrying cost of inventory measures how much it costs to store inventory over a period of time. This factors in energy costs, labor, down time, shipping, freight and insurance.
Continued tomorrow as well. Till then for all your warehousing issues and supports for them do connect withย Synergeze Consultants Private Limitedย as we are the doctors of warehouses and will enable you to get rid of any issue and improve all metrices.
