DELMIA Quintiq

NOVEMBER 6, 2019

As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? As a result, this metric is often downplayed or not referenced in the discussion. Artificial Intelligence will soon play a greater role during this exercise.

Supply Chain Design Software 149

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 149

Logistics Viewpoints

JULY 22, 2021

Include and report on Sustainability metrics as part of the S&OP cadence: Given the investor pressures and evolving consumer choices, sustainability is a rising priority with many companies pledging to be Carbon neutral within the next decade. One off recommendations are made about facility locations (i.e.,

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. One example that Steutermann cites are segmentation exercises that identify specific items that could be forecast better.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

Logistics Bureau

APRIL 4, 2022

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. Like all benchmarking and performance measurement processes, freight benchmarking can utilise a wide range of metrics, and the sheer abundance of KPIs can be overwhelming.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. You don’t necessarily need to use all the following metrics in your procurement department. 7 Procurement KPIs You Should be Using.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ToolsGroup

APRIL 27, 2022

And this is something that is especially prevalent in most high-pressure corporate settings, where performance metrics are everything and survival often comes down to how well you perform and how consistently you do what is expected of you. Get Away From Your Desk with a Walk or Meditation. Anthony Martin, CEO and Founder, Choice Mutual.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

Logistics Viewpoints

SEPTEMBER 4, 2023

A 95% on time delivery metric – very high performance – is just not good enough for Simmons. An RFP is a data intensive exercise. That factory also aims to rapidly process the raw materials into product. Then the clock starts ticking again.” Simmons has highly demanding internal and external customers. Speed is of the essence.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Logility

JANUARY 20, 2021

This is much more than a product roadmap exercise or a debate about agile versus waterfall project management methods. Challenge yourself to think beyond the traditional Available-to-Promise metric and ask if an action meets the criterion of profitable-to-promise. We must never let the platform interfere with your success.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Analytics Software Predictive Analytics Software 130

Enterra Insights

JUNE 6, 2023

” Cognitive technology solutions, like the Enterra Global Insights and Decision Superiority System ( EGIDS ), can help companies perform important “what-if” exercises to help them anticipate and plan for the future. ’”[6] If your company hasn’t considered leveraging digital twin technology, the time is right to do so.

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

Kinaxis

NOVEMBER 25, 2016

Competing metrics need to be visible and actionable insights easily accessible. Changing an operation model is not a simple exercise, but it is a necessary step to revolutionize planning bring SCP into the future. My colleague, Trevor Miles, recently explained the concept of this type of supply chain his blog.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Optimal Sourcing 100

QAD

AUGUST 26, 2021

Means Manufacturing in Transition”, QAD’s Glenn Graney, director for the Industrial and High Tech markets, reflects on artificial intelligence: “Artificial Intelligence (AI) is already transitioning from an academic exercise to an impactful business proposition. In his white paper , “ No Matter What You Call It: Industry 4.0

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

GlobalTranz

NOVEMBER 12, 2015

However, you must exercise caution to make sure you do not damage your vendor-shipper relationship. Using data in logistics to improve your processes does not necessarily require existing orders and information from KPIs and metrics. Metrics and KPIs. Furthermore, such methodology can be applied to vendor relationships.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

DELMIA Quintiq

JANUARY 14, 2014

In an article entitled ‘ Metric Strategies and Supply Chain Performance ’ Gilmore suggests that many companies have KPI targets that are too low. The point of this exercise is to arrive at a range of what’s possible. How do supply chains fail even when they appear to succeed? Next, we re-introduce constraints. What are the costs now?

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 222

The Logistics of Logistics

JANUARY 20, 2013

If you wince at the words, you’re not ready for ANY major improvement exercise. It will be tricky to drive change because they are likely the CEO’s “dashboard metrics”. Many measurements are sacred to the board or other metric owners. Learn the principles, apply them as taught, then “remix”. . 3. You’re doing it wrong.

Six Sigma 131

Six Sigma Agile and Lean Supply Chain Lean Logistics Network Optimization Software 131

Taulia

NOVEMBER 2, 2020

Two KPIs are better than one Often, companies only look at one of these two metrics – but in practice, it is important to measure progress in both of these areas. If companies focus on the first metric, which measures the adoption of electronic formats, they will overlook the importance of integration. Fix the problem, not the symptom.

Supply Chain Software 52

Supply Chain Software Optimal Sourcing KPI Optimization Software 52

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. I have spent the last month working with clients that are out of balance. They quickly acknowledge that they are stuck.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Enterra Insights

JULY 16, 2018

”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. If you are an upstream supplier or a downstream retailer, different metrics must also be considered. Having a risk management plan in place and exercising it are essential.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 100

Logistics Bureau

NOVEMBER 8, 2021

Instead, we’re going to look at KPI characteristics and the relationship between different metrics to help you identify KPIs that are “right” for your company’s situation and circumstances. The Right KPI Mix: Cost and Service-Centric Metrics. The Right KPIs Are Metrics You Can Act Upon.

Benchmarking 67

Benchmarking KPI Supply Chain Strategy Supply Chain Software 67

Supply Chain Shaman

OCTOBER 29, 2014

In addition, I am now done with the page proofs for my new book, Metrics that Matter. Instead, he wants to drive supply chain excellence and build the metrics that matter. Attendees will get to participate in the launch of this new simulated exercise. The book is a story. Attendees at our 2015 Global Summit.

Supply Chain Planning Software 309

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 309

DELMIA Quintiq

MARCH 18, 2016

We exercised, we had fun, we supported each other. In supply chain planning, we are driven by metrics. When I formed our team, I had the foresight to include one of the founders of our company – Victor Allis, an avid runner and marathon participant with a keen competitive drive. We took the stairs instead of the elevator.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Optimization 202

Unleashed

FEBRUARY 1, 2023

Demand planning must include a determination and recording of key metrics to track throughout the year. While this may have traditionally been a time-consuming exercise, AI tools can now use data sets to quickly identify products which are underperforming and should be considered for removal. It’s the key reason for demand planning.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

BlueYonder

JANUARY 3, 2023

As a result, we’ve seen a 10% increase in service metrics.”. Sieber’s team at Colgate-Palmolive takes a proactive approach to planning, regularly running exercises to prepare for many different scenarios as disruptions emerge. “On One change we’ve implemented is incorporating customer orders into the supply chain process.

Supply Chain Planning Software 92

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 92

NC State SCRC

FEBRUARY 13, 2021

The index will rely on existing data that illustrate factory conditions, producing a simple and objective indicator, allowing consumers to exercise informed ethical buying behavior in the apparel market. The EAI will provide a third-party metric to generate marketing media (e.g.,

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

Locus

JANUARY 10, 2024

Exercising Cost Control: Lastly, shelf replenishment is all about managing costs efficiently. This essential metric shows how long it takes for a new order to move from the supplier to store shelves. Armed with these critical metrics, businesses can fine-tune stocking and replenishment schedules, resulting in time and cost savings.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

Supply Chain Collaborator

AUGUST 13, 2015

American Shipper advises transportation managers to: 1) Work towards achieving visibility across all modes with an emphasis on the application of metrics to reinforce the value of visibility to all stakeholders in the organization. Sure, cost is a valuable metric for gauging success.

Transportation Management 60

Transportation Management Logistics Network Optimization Software Optimal Sourcing Network Design Software 60

ThroughPut

AUGUST 24, 2021

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems, such as – Trouble Managing Capacity : With high peaks and troughs in demand for goods, capacity management has become a key concern. A common trend underlying these problems is ‘unpredictability’.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Talking Logistics

NOVEMBER 15, 2019

I have a Garmin watch where I can measure my heart rate and other metrics across a variety of different sports and activities, such as cycling, running, and skiing. And when I’m done exercising, it automatically uploads the details to Strava. But there is one activity that is missing from my watch: leaf raking.

Logistics Network Optimization Software 20

Logistics Network Optimization Software Supply Chain Software Supply Chain Logistics 20

Logistics Bureau

OCTOBER 19, 2020

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Good Data is Key to Success with SCOR. Sometimes it’s Good to Look Inward Too. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

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

DynaSys

SEPTEMBER 22, 2021

And this is only one metric where you could be doing a lot better. Taking the time to go through this exercise might seem extraneous, but sometimes you have to slow down to speed up. This is not a unique conversation in your organization because your on time delivery is only about 75%… even among your A customers it’s barely 80%.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Demand Planning Software Optimization Software 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

Supply Chain Opz

AUGUST 2, 2018

While on the surface it is true to say that in most organizations inventory is a highly visible dimension of Supply Chain performance impacting company accounts and a key reportable metric of business performance. This involves getting the buy in and validation of planners who need to own the operational delivery.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

BlueYonder

AUGUST 29, 2018

The Fundamentals: The fundamentals for me include eating, sleeping, meditation and exercise. My exercise routine tends to be around activities on weekends—biking, hiking or yoga. I try and get an exercise routine in sometime around Wednesdays, to provide a mid-week boost. I have the same item for lunch each day.

Demand Planning Software 40

Demand Planning Software System Exercises Material Savings 40