Supply Chain Power 50: Best Supply Chain Blogs of 2014

Supply Chain Opz

Then, blogging and web contents have become the primary source of business ideas for many working professionals. Please drop us a line to bloggeradmin [at] supplychainopz [dot] com with the subject " Blog Nomination " by the end of March 2014. At the beginning of each year, many supply chain blogs/sites publish the articles about their most popular contents of the year or make the predictions for things that might happen in the coming year.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. With China already a source for semiconductor raw materials and the China/India end consumer market growing, there will be pressure to supply chips and hard drives to local China/India OEM’s first. by CJ Wehlage.

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Let the Qs Begin

Supply Chain Shaman

Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. How do you balance the trade-offs between source, make and deliver? Last week was the Supply Chain Insights Global Summit. It was great to see old faces at the kick-off. 110 supply chain leaders attended.

Q&A on the Supply Chains to Admire

Supply Chain Shaman

Here we share the answers to the questions that we get the most often about this research: What is the source of data? We placed them in the industry that they were the most like, e.g., the primary source of revenue. I am surprised at how many companies are raising improvement in one of the three metrics, but not driving performance improvements in the total portfolio. We find that companies will establish metric targets in isolation and throw the supply chain out of balance.

Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. Instead, we found that the companies with the lowest total supply chain cost (a total of source, make and deliver) had average costs in manufacturing and distribution. Today, 60% of sourcing organizations and 45% of manufacturing organizations report through the supply chain organization.” When all functions are jointly focused on improving these metrics, then we can have one team.

Throwing Down the Gauntlet

Supply Chain Shaman

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. This is the clear articulation of when and how to make, source, and deliver for the community. “We live in a world where supply chains, not companies, compete for market dominance.

Time for a Mea Culpa?

Supply Chain Shaman

I have taken myself off the road to write the book Metrics That Matter. We often find that companies have better performance in the management of regional supply chains where the sources of supply are in the same market versus the management of products across borders. You just do not see the patterns of the interrelationships of metrics in an Excel spreadsheet. It is a slow week. Most of my friends are on vacation.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. Thanks to changes in technology and digital storage capabilities, companies are now able to collect and amass a huge amount of data from many disparate sources.

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. I spread my Supply Chain wings at an Aerospace company and since Aerospace and Defense is a key vertical market for Kinaxis, the recent Supply Chain Metrics That Matter: A Focus on Aerospace & Defense report was downloaded on my laptop to read on my next flight. Think about those design, sourcing and delivery challenges. by Bill DuBois.

Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. They use their knowledge of how planning systems work to peg up to find the source of the change and determine that someone changed the wrong record causing the change and confirm with the planner that the change was intended. One very good source of supply chain training is APICs (American Production and Inventory Control Society).

Supply Chain’s New World Order: How Companies can go from From Good To Great

The Network Effect

Key elements that must be brought together as part of this holistic approach are overall network assets, demand and supply information, market demographics, financial data, trading contracts, material sourcing, commodity pricing, and any relevant standards bodies, statutory, or regulatory requirements. As today’s practitioners know, supply networks appear to be straightforward on the surface, using normalizations such as SCOR’s Plan, Source, Make, Deliver and Return.

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence. Quality Metrics Defining the Future of Manufacturing.

3 Components to a Complete Lean Transportation Management System

LeanCor

We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. In addition, they need to commit to create daily route designs, complete real-time track and trace, generate real-time metrics, and complete daily problem solving. When we hear “transportation management system” at LeanCor, we don’t just think of software.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. The result is that the forecast accuracy is improved because a demand planner has an additional source data to make a better decision.

Q&A on the Supply Chains to Admire

Supply Chain Insights

Here we share the answers to the questions that we get the most often about this research: What is the source of data? The data analyzed to compile the Supply Chains to Admire 2014 report came from publicly-available information from balance sheets and income statements. We placed them in the industry that they were the most like, e.g., the primary source of revenue. Today we published a new report, Supply Chains to Admire.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.

Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Choosing the right target means defining your metrics, such as measuring carrier performance. Here are some general questions to ask when sourcing supply chain management services: Does the 3PL provide the services required? 3 Tips in Choosing Supply Chain Management Services.

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Raise a Toast to Digital Business!

Supply Chain Shaman

At the end of 2014, many leaders that I work with are preparing their 2015 strategies. Here are some insights from our recent research: Digital Path to Purchase: In a study on trade promotion management in early 2014, we find that 60% of marketing teams within consumer packaged goods companies are working on a digital path to purchase strategy. Too few companies understand the differences between syndicated data sources and the use of channel data.

Do No Harm…

Supply Chain Shaman

I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. Recently, I spoke to a major European retailer that lost 5% of their grocery revenues to Amazon in the first quarter of 2014. These tools allow us to look at sell, source, make, and deliver together.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

I was attending the Zycus Horizons 2014 conference at Amelia Island today, listening to speakers. And we follow a pattern: you do an assessment, a sourcing wave, build a process, and do it over and over. A second response was provided by Niklas Hamnstedt Chief Procurement Officer at TE Connectivity: “I would like to see a stronger rating of supply risk and a supply risk metric.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Hau Lee, October 2014. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Global Luxury Management “Lifestyle” brands require push supply chain design customization

Supply Chain View from the Field

This is a challenging sourcing base, and global luxury brands must also pay attention to general labor and supply chain compliance policies. The entire apparel supply chain is driven by these financial metrics. A lot of the supply chain behaviors are driven by these financial measures, compensation systems, and bonuses are based on that metric.

SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. NC State kicked off classes last week, and as usual our incoming group of MBA students were lined up with projects as part of their entry class into supply chain management, MBA 541.

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The Most Popular Supply Chain Cowboy Articles of 2014

Supply Chain Cowboy

Number 4 – Startups, Sourcing, and Sustainability with Mark Dwight of Rickshaw Bagworks – Interview Part 1 of 2. Check it out here: Startups, Sourcing, and Sustainability with Mark Dwight of Rickshaw Bagworks – Interview Part 1 of 2. Number 1, the Most Popular Article in 2014 – Build an Awesome Vendor Scorecard Program in 4 Easy Steps. This vendor scorecard how-to article won by a wide margin, attracting one in every four visitors during 2014.

Data Cleansing as the Foundation for Supply Chain Analytics

Supply Chain View from the Field

The DRL is a rigorous metrics-based assessment of the value of data in various states of readiness. The aggregate change in DRL associated with a piece of data from raw input signal to finished product will contribute to the characterization of a given analytic flow in terms of accuracy, efficiency, and other performance metrics. First, the user is contacted and the “raw” data is collected from different sources.

The impact of big data on the value chain

Supply Chain Movement

On 12 May 2014 IMD organized a one-day open event in Lausanne that analyzed big data and its impact on value chains. edge websites started to analyze the information collected from their users, in order to create metrics and patterns that allowed companies to better know them and their behaviour. Measures and metrics validate the learning that is helping tune the product with the information obtained.

Defining and Measuring Fast Fashion

The UCLA Anderson Global Supply Chain Blog

  In a previous blog we looked at online sources to determine which retailers are fast fashion and which are not. These last two elements are particularly important from an operations and supply chain perspective and we postulate metrics to measure their effectiveness. Note that he GMROI metric is largely used among retailers but several other ratios could serve the same purpose. Felipe Caro and Victor Martínez-de-Albéniz.

Recasting the Retail Supply Chain

Supply Chain Nation

In research conducted by respected sources, key metrics such as product availability at the consumption point, the supporting inventory across the network and taming the ripple effect of demand variability have seen little improvement over years. While the advent and use of the human baby incubator is immediately evident, outside of Neonatology it is likely less well known how enormous an impact the technology has made on infant mortality rates.

‘The Johnny Tightlips’ and Two Other Popular Approaches to Supplier Relations

Supply Chain Cowboy

Share your thoughts in a comment , and be sure to check out our recent podcast where we talk with the former VP of Operations at Skullcandy about vendor relationships and metrics. Image Sources: Johnny Tightlips (modified) | Open Book | Castle ]. Process Improvement Supply Chain Strategy Challenges Company Culture People purchasing Sourcing Suppliers Wild West “Before you send that email, there are a few lines I want to take out.

New Survey Says Alignment of Supply Chain and Business Strategies Is Critical to Success

Tompkins Blog

RALEIGH, NC, April 15, 2014 — Is it important to connect your supply chain strategy with your business strategy? We found that the better the level of alignment, the more likely it is that companies are achieving their objectives for cost reduction, customer service, and other metrics,” explains Bruce Tompkins, executive director of the Consortium and author of the report.

How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

There are some important metrics which help make informed decisions on improvement initiatives. A basic yet powerful metric that usually is a good indicator of operating performance of a manufacturing business is the cycle time. This metric serves to enhance overall customer experience which comprises other key metrics - some of which are discussed here. A simple metric to start with would be to determine the On-time delivery to commit.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […].

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Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Leveraging AI for Industrial IoT (27 pp.,

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor.

Made in “I Really Don’t Know”

Talking Logistics

As first reported by Fairfax Media , a factory in North Korea has been making high-priced surf and snow gear for Australian surfwear company Rip Curl since at least 2014, with the garments labeled “Made in China.” As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them.