Supply Chain Game Changer

NOVEMBER 9, 2018

One of the top New Year’s resolutions is to start exercising. And I could see some focus on continuous improvement. When I would ask the facilities for some summary of metrics showing progress the results were very inconsistent. Other facilities had no continuous improvement activity at all.

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Lean Six Sigma Optimal Sourcing 55

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. It may take weeks, by some estimates. Lloyd’s estimates that about $5.1B a day goes through the Suez Canal, or ballpark it at around $400M per hour.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Supply Chain Matters

APRIL 28, 2023

When considering what to tackle first, businesses and their supply chain management and manufacturing operational teams should initially have a clear understanding of their supply chain and/or plant level metrics that need to be improved in both current and likely future business and performance needs.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Talking Logistics

JUNE 2, 2016

This begets the need to set the overall strategy for the divestment by way of an exercise, called “capability scoping.” So it is important to have several mechanisms in place to track performance, including: key performance metrics, regular reviews and processes for making adjustments.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

crisp

SEPTEMBER 6, 2023

Environmental Protection Agency (EPA) mandated annual greenhouse gas emissions (GHG) reporting for organizations emitting over 25,000 metric tons of GHGs per year, and those in specific industries like vehicle manufacturing and industrial gas. This allows for easy retrieval and analysis alongside other business metrics.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

Talking Logistics

APRIL 27, 2016

The most common goals of supply chain visibility include the following, but as your company completes this exercise, be sure to include quantifiable metrics: Reduce business and supply chain risk. Improve lead times and performance. Identify shortage and quality problems along the supply chain.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 100

FourKites

JANUARY 7, 2021

They invest in new technologies and data-driven processes that allow them to exercise precise control over the business. In essence, where the agile supply chain is nimble and able to easily handle any surprises that occur, the lean supply chain focuses on continuous improvement and operating with minimal dependencies and safety measures.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Modeling 52

Supply Chain Trend

OCTOBER 31, 2016

During this exercise I was hand-picked to develop and lead the Demand Planning Team for the largest of the two operating divisions. Also, building in S&OP process metrics, not just business operating metrics is critical to success. Jim: This is a classic process, system, people, metrics opportunity/challenge.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 60

Proxima

MAY 2, 2020

What do my rebate, incentive, payment, or continuous improvement clauses look like? The only way to understand total cost is to digest quantitative and qualitative metrics about goods and services procured, but also about the suppliers providing them. Are we achieving value against the total cost of ownership?

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Training Sourcing Strategies 52

SCMDOJO

JULY 3, 2023

Take into account elements like the length of the course, the mode of delivery (in-person, online, or mixed), the presence of interactive exercises or case studies, and the availability of opportunities for hands-on practice. Effective learning requires a well-structured curriculum that has a healthy mix of theory and practical practice.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

synchrono

DECEMBER 18, 2017

Over the course of the exercise, we found multiple variations in the current, 66-step process that produced excess waste. The exercise exceeded expectations, providing all team members with quantifiable value of the project. Metrics typically associated with eKanban projects include: Inventory turns/Inventory cost.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

Intelligent Audit

OCTOBER 27, 2022

Analytics is an inherently scientific exercise, requiring a certain degree of training and expertise. However, relegating these activities to specialists without creating the workflows, touchpoints, and maximal sharing will not produce the results that a company needs to improve workflows and solve business challenges.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

HICX Solutions

AUGUST 11, 2021

We have clear metrics that talk about payments on time to suppliers, or, if they raise an issue, how quickly is that getting resolved. We have clear metrics and a good sense of how in sync we are with our supplier base.”. And we are going the extra mile to make sure that the suppliers know that we are serious about these metrics.”.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Supply Chain Shaman

FEBRUARY 25, 2016

Self-fund the team’s efforts by taking a portion of the funds that you are saving in continuous improvement programs. Eating the same level of a caloric diet and exercising at the same level, the main character in the movie gains 8 kilos in less than six months. Leadership and Driving Continuous Improvement.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

6 River Systems

OCTOBER 19, 2020

Mapping your warehouse Mapping a warehouse is an essential exercise for determining what goes where and how operations are handled. Calculate the cost of carrying inventory with this equation: Cost of carrying inventory = Carrying cost/Overall inventory cost Cost per line This metric is the cost to receive a line item on a purchase order.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

Logistics Bureau

SEPTEMBER 25, 2016

It will also show you the metrics at which those companies excel along with their actual results, giving you the ability to set a new, higher target. By doing so, you will be able to identify metrics highlighting where and how the best supply chains excel, and use those same metrics to measure your own supply chain improvement.

Benchmarking 40

Benchmarking Supply Chain Planning Agile and Lean Supply Chain Supply Chain Strategy 40

EcoVadis

APRIL 18, 2017

Responses have thus become ‘check the box’ exercises as opposed to true representative answers and are often filled out by an account manager aiming to please a client. Simple – because price, quality, and on-time delivery have universal metrics, and sustainability does not (yet).

Survey 40

Survey Resource Reduction Material Savings Vendor Strategies 40

RFgen

JANUARY 18, 2024

When choosing an ERP solution, consider these top three areas: Vendor Reputation: choose a provider known for reliability, support, and continuous improvement of their systems. Adding a continuous learning program can further enhance overall training. ERP software represents a large investment in terms of money and time.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72