The First Step to Faster Fulfillment: Mastering Dock-to-Stock Cycle Times
For 3PLs, Dock-to-Stock Cycle Time has become an essential KPI, helping them increase throughput, absorb volume, and uphold service standards.
The Future of Manufacturing and Logistics
Operations Leaders
Explore how Veryable helps you tackle operational challenges and meet your objectives with ease as a general manager, director of operations, or operations manager at a manufacturing or distribution facility.
Your Priorities & Objectives
As a director or general/senior manager, you're charged with translating the strategic goals of your business into an operational strategy for you and your team to execute. In the hectic day-to-day life of running operations, it can be easy to lose sight of this - problems and issues detract from short-term goals, and short-term needs can conflict with long term objectives. Trying to bridge the gap between forecast planning and short-term reality is challenging, and any decisions made here will have ripple effects across your entire organization. The only way to balance all of this while also making progress on your operational strategy is to be agile enough to rapidly adapt to whatever comes your way.
Before getting to the solution, here are the Operational and Financial KPIs that you should be familiar with in your business to know how well you are servicing your customers and how well you are running your operations.
Financial KPIs
- Cost of Goods Sold (COGS)
- Operating Expenses
- Labor Productivity
- Production Efficiency:
- Profit Margins:
Operational KPIs
How well you service your customers is a key component of how quick you can grow your sales. How well you run your operations is a key component of how efficiently you manage your costs. Improvements in either one of these will lead to better financial returns and those that can improve both can easily steal market share from the competition.
- On-Time Delivery (OTD)
- Cost Per Unit
- Lead Time
- Cycle Time
- Overall Equipment Effectiveness (OEE)
The Veryable Solution
Veryable’s On-Demand Labor Marketplace
Labor will directly or indirectly impact every aspect of your operational performance. It is also one of the largest expenses on your P&L. Working to eliminate labor waste (having too much, or not enough) in real-time will allow you to move the needle both operationally and financially.
Leveraging Veryable’s On-Demand Labor Marketplace to build a labor pool will enable your team to scale labor up and down in real-time and in lock step with actual daily demand. Having this capability across all areas, all work centers, and all shifts will give your operations at least 3x greater agility. Using this when you need it, and only when you need it will help you drive out excessive overtime costs and poor service during high demand periods and lost productivity during low demand periods. Additionally, by matching headcount to demand on a daily basis, you’ll be able to maintain a lower more constant cost per unit.
Veryable's Workforce Management Tool
Veryable’s Workforce Management Tool ties together multiple systems (ERP, WMS, MES, HRIS, etc.) to use real-time data to automate the labor planning process and guide decision making. This eliminates costly forecasting inaccuracies, and enables performance-based decision making without the need for tedious spreadsheet updates or back-of-the-napkin estimates. Plus, with Veryable's on-demand marketplace accessible within this tool, you can fill any gaps in your operation across all areas and shifts on short notice. The best part is, real-time performance data is visible in just clicks for both full time employees as well as Veryable Operators.
Together these tools will optimize your use of labor and allow you to operate more efficiently and cost effectively. Now, instead of spending hours and hours juggling multiple tools and spreadsheets each week, you can let Workforce Management do the busy work. Then, when things pop up out of nowhere or an opportunity presents itself, you can leverage Veryable’s On-Demand Labor Marketplace to respond in real-time and fuel your desired output. This makes you faster, more efficient, and gives you an edge over the competition.
What You Can Achieve
Leveraging Veryable's On-Demand Labor Marketplace to build a flexible extension of your full-time workforce will enable your team to scale labor capacity up and down in tandem with actual daily demand. This has numerous operational benefits...
Address Production Outliers
Bringing in supplemental on-demand labor will help your team to:
*Tackle stranded or aged orders
*Break work in process bubbles
*Recover from quality issues & material delays
*Eliminate past due backlog
Increase Throughput & Productivity
*Adding support in bottleneck areas means you can stop watering down the output of your skilled workers with non-critical tasks and allow these skilled workers to produce more.
Manage Demand Variation
* Flexing labor capacity daily helps you maintain short lead times
* Unlimited flexible capacity means you can accept new orders that would have previously constrained capacity
* With the ability to respond in real-time, you no longer have to hope and pray that your demand forecasts are 100% accurate
Value Calculator
From the performance tab in your business portal for Veryable's On-Demand Marketplace, you can track the overall bottom line value for your company in real-time.
Fix Labor Gaps
With Veryable's Workforce Management Tool, you can automate labor assignments of full-time employees
and/or request on-demand labor to ensure coverage
with daily fluctuations in business demand.
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Assess Performance
With Veryable's Workforce Management Tool, you have the ability to monitor performance in real-time for your entire facility, or down to a specific shift or worker.
Platform Features
Tools & Features That Help You Get The Job Done
Case Studies
Stories From the Real World
Hear from other operations leaders about how Veryable has helped them exceed their goals
What Operations Leaders Are Saying
Resources
Our Point of View
Explore our thought leadership blog for valuable insights.
How Temp Labor and Flex Schedules Miss the Mark for Seasonal Demand—and What Really Works
Temp labor frequently leaves companies either short-staffed during demand spikes or overstaffed when activity slows, leading to unnecessary costs and workflow disruptions that impact customer satisfaction.
What Kind of Skilled Work Can Veryable Operators Do?
In this article we'll cover what types of work Veryable operators can perform, how much you need to pay them to be competitive in your local market, and how the platform's rating and review system can help you confidently select the right workers.
Getting Started With On-Demand Labor
Take 5 minutes to create your free business profile. Our team of experts will reach out to you shortly
after to answer any questions you may have and ensure that your team is equipped for success.
