Monday, November 10, 2008

In Search of the Perfect Order Webinar

As I mentioned in a previous post, the Value Chain Group was kind enough to host one of my webinars - this time, an overview of Perfect Order Fulfillment. In the one hour that we devoted to the topic, we were able to discuss how perfect orders are calculated and some of the issues associated with capturing and using the measurements.

As a special note, in the webinar I mentioned a survey that Louisiana State University at Shreveport's Sanjay Menon, PhD, and I are conducting on metrics, supply chain management, and human resources. If you are interested in this research please feel free to send him (or me) a note.

The webinar introduces the use of a powerful metric that has been termed a Key Performance Indicator (KPI) by practitioners, research organizations, academics, and consultants. While the measurement of Perfect Order Fulfillment may be the state of the art in fulfillment measures, it can be difficult to implement. Failing to reach consensus on the definition of the order, the required delivery times (what constitutes early/late), or quantities (e.g.,blanket order agreements, call-offs) can make any measurement impossible. Imperfect execution (inconsistent purchase order agreements, failure to collect delivery information, or an inability to link invoice accuracy with the on time in full delivery of a customer's order) can make it impossible to measure perfect order fulfillment but other measures (On Time In Full, Fill Rate, etc.) may provide acceptable alternatives.

The VCG recorded the webinar and has passed along a link to for those who may have missed the original broadcast. The recording includes the PowerPoint presentation and an audio recording of the event. The link to In Search of the Perfect Order uses GoToMeeting and will ask for an email address prior to launching a Windows Media file that will play the audio recording and show the accompanying PowerPoint presentation.

No comments: