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At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) I never calculated and accounted for the inter-dependencies between metrics.
In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. ” I feel like we are riding a gondola in the middle of an intense snowstorm. Tougher than most understand.
As a result, the metrics have to be viewed together as a pattern over time. In the journey, the supply chain leader needs to improve the potential of a portfolio of metrics. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.
Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. General News Products Response Management Sales and operations planning (S&OP) Supply chain management 2008 US beef protest in South Korea Beef Business Business process Cargill Colorado Competitive advantage Customer Supply chain'
Resilience Project, its methods has been tested under many extreme circumstances such as, - 2008: Chengdu Earthquake in China. However, the logic Cisco uses to manage the disruption is very robust and details are summarized into the infographic below, Note: metrics data is for illustrative purpose. And according to the U.S. Discussion.
The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. The period of 2007-2008 was the great recession.
Going back 14 years ago, the logistics industry dramatically reduced capital expenditure in 2008 when the great recession hit. In fact, the outperforming logistics vendors today (based on profitability and revenue growth metrics) are the ones that were extra cautious on capital expenditure in the years following the recession.
For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). In 2018, Rockwell Automation won the Supply Chains to Admire Award.
I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. ILOG was then purchased by IBM for $340 million in 2008. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.
Doing its part, IBM has just released its corporate responsibility report for 2008 and it dedicates a big part of it to its supply chain. By the end of 2008, we had completed a cumulative total of 553 initial audits; including expansion into three additional growth market countries (36 initial audits): Argentina, Malaysia and Vietnam.
For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). In 2018, Rockwell Automation won the Supply Chains to Admire Award.
Sales and Operations Maturity Model from 2005-2008. Organizations can align to drive value despite the allegiance to functional metrics. As long as companies are motivated by functional metrics, inventory management will be an enigma. Transition functional metrics to focus on reliability. Let me explain. Mistake #5.
Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?
Figure 2 contrasts the state of cash-to-cash cycles between 2000-2003 and 2008-2011. Hosting this webinar series is one of the favorite parts of my job as the Founder of Supply Chain Insights. I think both factors are at play. While hospital inventories are falling, the inventories of suppliers are rising.
According to Supply Chain Quarterly , Quarter 4, 2011 issue: “Supply chain scorecards typically focus on operational metrics. Holm MS PCC CPCC is a Professional Certified Coach since 2008, focusing on executive and career development along with personal branding. People skills do matter. October 4, 2017 1pm EDT [link].
The journey began with a one size fits all approach in 2008, and the policies evolved over the course of the last seven years. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. Orbit Chart for SanDisk for 2006-2014.
In studies from the periods of 2006-2008, there was slow adoption of 15-20%, and today, the supply chain leader prefers a cloud-based solution. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. In 2002, there was no interest. The reason?
That was certainly true at Starbucks, which went through some difficult times in 2008. Contrary to what many people believe, investing in employees is not dilutive [to a company’s financial results and shareholder value] — it’s actually accretive,” said Schultz, pointing to the company’s turnaround and growth since 2008 as proof.
Overall Results on the Supply Chain Metrics That Matter. In the period of 2008-2009, both supply chains made some major shifts. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. It is seldom a step change. How Have They Done?
However, in 2008 when the business grew +20%, inventories declined substantially, and part of his team won a Syngenta internal award, it became clear. In 2008 the market was ballistic. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.
General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. in Q1 2017, the lowest since 2008.”
2009 was an exception due to the 2008–2009 recession.) Implement a Transportation Management System (TMS) to comprehensively manage logistics surrounding and including the shipping function as well as related performance metrics. Such a system affords a strong competitive advantage to shippers.
While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. One reason is the increased focus on cost control in the aftermath of the financial meltdown of 2008. “We “When I started customers cared about price and service,” said Wiehoff.
As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Deloitte Global). AlixPartners). Deloitte ).
It’s a Sunday morning in May 2008. Prioritized action lists based on impact to your customers or whatever key metrics drive your business can ensure that planners are working on what matters. It can mean the difference between getting fired and getting a promotion. based electronics manufacturer. Act Faster.
In a highly inspiring key note presentation at the supply chain conference, Fareed Zakaria of CNN spoke about how the jobs recovery following the 2008 recession lagged the economic recovery by as much as 64 months while the same metric for the previous recessions was significantly narrower.
While the rest of the world was deep in a recession in 2008, and manufacturers were struggling with payroll decisions and layoffs, Hadoop innovation was in full swing. In the recession of 2008, it took the average consumer products company three-to-five months to sense the recession and redefine product plans.
The new trend to be sustainable is part of the current category: Revenue Growth, so why add another category like CSR when we should be moving towards the core supply chain metrics of total delivered cost and customer service. This, my friends, is why we need to get back to CORE supply chain metrics when measuring the Top 25.
Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Anyway, the access to this database costs an arm and a leg. Ranking of Supply Chain Books We're sure some of you've been using Google Scholar to find related publications. References - Moed, H. & Tang, C.
The volume of product damage occurring in between manufacturing and retail is substantial - a 2008 study by Deloitte estimated “unsaleable” product cost manufacturers $15 billion annually or 1-2% of gross sales. But that has come at a hidden cost which may obviate all the benefits and is tough to overcome. Among the challenges: .
There are several different greenhouse gases, emissions of which are commonly aggregated into a single metric expressed in terms of an equivalent amount of carbon dioxide (CO 2 ) emissions.) 2008) suggest that, for the average sector, Scope 3 accounts for 74% of its total footprint. 2008), we would expect to see 28.5 2008) does.
In 2008, I was asked to visit DuPont to talk about demand sensing. This was the case for DuPont in 2008. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. like the electric motor)? My answer is disruption.
The volume of product damage occurring in between manufacturing and retail is substantial - a 2008 study by Deloitte estimated “unsaleable” product cost manufacturers $15 billion annually or 1-2% of gross sales. But that has come at a hidden cost which may obviate all the benefits and is tough to overcome.
But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. It’s important to frame the program in strategic terms and to ensure that decision-makers understand the linkages between the tactical objectives of the SCRM and key metrics such as revenue, earnings, brand, and shareholder value.
In the fall of 2008 I attended a major consumer packaged goods company’s global customer team meeting. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. Reflections. My insights on the topic are now a decade old.
According to Statista, the world’s merchant container ship fleet grew from 11 million metric tons (mt) of deadweight tonnage (a measure of a vessel’s weight-carrying capacity) to 275 million mt in 2020—a 2500% increase. Container ships are the backbone of world trade.
significantly improved their ability to generate cash in 2017, producing the strongest working capital performance since 2008. days seen in 2008, which was driven largely in changes made in response to the recession. The 1000 largest non-financial companies in the U.S. This is a significant improvement over the high CCC of 37.3
Managers must tie their efforts to mitigate risk with metrics that will result in the long-term support of higher management. While the planes were supposed to hit markets in 2008, supply chain management problems delayed the production for three years. Poor Framework for Accountability.
metrics that really impact the bottom line; the Leaders in our survey. arviem, founded in 2008, has grown organically to become the leading service provider for real-time cargo monitoring. ► 2008. (7). Supply chain Leaders. deliver on time in full (OTIF) on 95.7% of occasions and have an. impressive 15.3 Post a Comment.
m/m in 2020 was taken way back in 2008 and it got ratified in 2016 in the 17th session of MEPC meeting. Reducing sulphur emissions by utilizing low sulphur fuel oils in shipping vessels will help reduce greenhouse gas emissions by at least 50% by 2050 compared to 2008 requirements. million metric tons annually.
This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Trend One: Labor Metrics Dominate . Every year the WERC report lists the top 12 metrics used by DC and warehouse managers and tracks how those rankings change from year to year. Overtime hours to total hours worked.
the “inventory to sales” ratio (inventory levels divided by a month’s worth of sales) spiked in late 2008/early 2009 as the recession caught companies with way more inventory than needed versus suddenly shrinking demand. “In the US economy, overall inventory levels have been ticking up in recent years. Read Full Article.
In this blog I will focus on first couple of sub process of demand planning cycle - 1) Setting up demand planning objectives and metrics for different business units/customers/key items/locations 2) Setting up the frequency of the forecasting process (create/review/publish) with the time horizons. December 2008. November 2008.
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