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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.) Understanding this relationship requires modeling. (A A Case Study.
Wikipedia In 2014, I was exploring methods to publish what is now the Supply Chains To Admire report. The use of orbit charts allowed me to see the patterns of performance at the intersection of metrics over time. We purchase data from Y charts. (A We have archived corporate reporting from Y charts for 1982-2023.
The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.
I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list. This complexity is occurring in many forms.
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.
We normally do our Talking Logistics episodes on Tuesdays and Thursdays, but we have one today at 12 ET with Alaster Love from Transplace, where we are going to discuss “ Big Data and Analytics in Oil and Gas Transportation.” September 2014 Freight Transportation Services Index (TSI). Cass Freight Index Report – October 2014.
Manifesting this trend is the terminology and concept of Digital Path to Purchase — the omni-channel, tech-focused approach to supporting and acting on a consumer’s purchase. Supporting an efficient digital path to purchase requires comprehensive digital collaboration. from the global economy by 2022.
Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). For related commentary, see Insights from Ryder Innovate 2014.
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. Why It Matters.
Supply chain leaders are feeling the squeeze on multiple fronts: costs and interest rates remain high, tariff rates are rising (then falling, then rising again), and consumer demand feels about as solid as consumer confidence which is to say, shaky at best. The future of yard operations is AI-powered its time for CSCOs to take the leap.
ARC Advisory Group began conducting formalized research on the global warehouse automation market in 2014. In my own defense, things kind of took off after 2014. KION is a publicly-traded company and reports on the Supply Chain Solutions (SCS) segment. SWISSLOG is a business and reportable segment of the KUKA Group.
This source of channel data is very industry specific to the high tech market. It is a larger acquisition than the prior purchases of Terra Technology , Steelwedge , or SCM-Icon. The focus was on automating procurement. The historic buyer of the E2open solution is procurement. Procurement does not equal supply chain.
According to a survey by Deloitte from 2014, 79% of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Conversely, just 8% of businesses with less capable supply chains report above-average growth. The Top 7 Supply Chain Points to Address for Business Success 1.
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 ). Cost of quality. The definition of this metric is similar to the way it sounds.
The network senses, translates, and orchestrates market changes (buy and sell-side markets) bi-directionally with near-real time data to align sell, deliver, make and sourcing organizations outside-in. Thoma Bravo purchased Elemica in June 2016. E2open, following a rough 2014, was purchased by Insight Venture Partners in 2015.
This January the company reported that its annual recurring revenue grew at over 84% year-over-year. The company launched their platform in 2014. Planners in China rely on different data sources and operate with different business practices than those in North America. Gottemukkala exclaimed, “it is still not rich enough.”
Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement at the pivot point. using a total cost of ownership strategy) and identify key risks (and related costs) to avoid.
On Monday, November 27th, Logility announced the purchase of privately-held Halo Business Intelligence. A significant source of revenue for the company is maintenance renewals. MID Retail, 2014, assortment planning, price undisclosed. It is a no-nonsense visual analytics capability for business users. A Look Back .
The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Oil prices jumped, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia Attacks Ukraine.
Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. In 2014 Thoma Bravo acquired GHX, a Supply Chain Operating Network for healthcare. In 2014 OpenText acquired GXS. Together, we built this model.
The procurement Summit 2016. Building on the huge success of eWorld Procurement & Supply – which has been running bi-annually in London since 2001 – the new Procurement Summit will bring together 150 purchasing and finance professionals from across the commercial, public and third sectors. Procurement Automation.
As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. The Company has a checkered past. It is a new buyer.
They may lack resources required to meet programmatic and financial reporting requirements or mitigate the many risks of non-compliance. The Procurement Link. Developed natively on Ivalua’s industry leading procurement platform , the grants package provides grant managers: Full and unmatched visibility into the grants process.
If you have an efficient ERP system, information can flow freely between your source-to-pay applications and the companys central IT infrastructure. It was not until 2007 that SAP made its first major acquisition, purchasing BusinessObjects to enhance its business intelligence (BI) capabilities. So, we have skin in this game!
Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Over this period of 2013-2014 Shell made good progress on inventory, but faced unprecedented supply price volatility. Shell operates as a single-instance of SAP Enterprise Resource Planning (ERP). The reason?
A recent report by Frost & Sullivan, “The Future of Parts and Service Retailing in the Automotive Aftermarket” , predicts that by 2025, 10 to 15 percent of all global parts sales will be made online. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table. Increasing Equipment Uptime.
attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing. If so, in my (imperfect?)
attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing. If so, in my (imperfect?)
And on the subject of sustainability, SCDigest.com covered Walmart’s 2015 Sustainability report : Walmart, the world’s largest corporation, is fresh out with its 2015 sustainability report, the eighth such document it has produced. Sources: “Annual Financials for Wal-Mart Stores Inc.” ” Walmart states early on.
It is surprising then that despite the hundreds of millions of RFID tags sold this year alone that, according to results from the 2014 GS1 US Standards Usage Survey, finally saw the technology living up to the hype in the logistics industry in the last few years. Source: Morai Logistics. Source: SupplyChainOpz.com.
The projections are from BTS’ and FHWA’s latest version of the Freight Analysis Framework (FAF) , “which integrates data from a variety of sources to create a comprehensive picture of freight movement among states and major metropolitan areas by all modes of transportation.”. trillion in 2015).
Last year around this time I made a lot of predictions about what 2014 would hold in store…Let’s revisit some of these, and see what has happened (or what hasn’t!) Here are my predictions from 2014, and an update on what I think will happen in these areas. Cost Pressures Will Continue to Escalate.
Using AI driven product nature of being and smart attributes, data can be structured to support the needs of ERP applications as well as strategic sourcing and Value Analysis activities , all from one data set. These super-intelligent machines are already taking over factory workers, stock traders, data processors, even news reporters.
Source: Dictionary.com. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Orbit Chart for SanDisk for 2006-2014.
No Purchase Orders were used. There was no inventory carrying costs or concern for inventory turns. Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process. There should be metrics involved to monitor these objectives to ensure success across the supply chain.
But the question is, what are the other main challenges in procurement being faced today? This survey was done on 324 senior procurement lea ders fr om 33 countries offering a deep insight into current procurement preoccupations. Cost Reduction. Unsurprisingly, number one on the list is Cost Reduction.
Check out ProcurementReport Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. Subscribe Here! Email Address.
Whether it’s agile sourcing of hoverboards or finding the perfect gift for the person who has everything, technology is fixing the problem for good. Production Freight Receiving Purchasing Retail Logistics Production: Santa’s little helpers. Source: Soar Boards, via Flickr. But it comes at a price.
Most leaders do not know the cost of complexity with the increase of items; and instead of introducing variety to the shopper, many companies have confused the shopper resulting in the purchase of more compelling, less complex product portfolios. This requires analytics that can learn and adapt as markets shift.
Yesterday we had said we concluded our most popular blog posts by category for the blog posts written from our major categories for 2014. We featured out of our 200 plus blog posts in 2014, over 50 blog posts in the manufacturing category. Top 11 thru 20 Most Popular Manufacturing Blog Posts of 2014. Read the Full Blog Post.
As reported in the Wall Street Journal last week: “Automotive value chains are international. An interruption in delivery of parts from a partner in Europe can therefore also have implications in China,” said [Markus Duesmann, BMW board member in charge of purchasing and supplier network]. View Results. Total Answers 11.
The inaugural post appeared on March 4, 2014, and was about the rising status of the supply chain profession. Some events and trends driving the supply chain’s standing back in 2014 remain just as influential in 2023. Decisive phase But some of the 2014 challenges we still witness today have become more urgent.
Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.
Big data is both wide and deep and skimming the surface never provides the insights that can be obtained through advanced analytics. ”[3] To ensure companies don’t drown in an ocean of data, they recommend using advanced analytics. .”[3] The usefulness of advanced analytics. The growing ocean of data.
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