article thumbnail

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

article thumbnail

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

article thumbnail

Gaining a Competitive Edge through Advanced Analytics

Enterra Insights

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Organizations are drowning in data but starving for information.

article thumbnail

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

GlobalTranz

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

article thumbnail

6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

GlobalTranz

Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions. Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. What Data Analytics and Business Process Strategy Services Are Offered? What Predictive Analytics Are Available?

article thumbnail

Is the Package Under your Tree?

Supply Chain Shaman

When your phone rings, and you and your supply chain team is called to the corporate office to talk about the expansion of your ecommerce strategy for 2015, here are my recommendations: 1) Embrace the Each. Customer Service Needs to be all the Way to the Last Mile. The proliferation of the business models is exciting.

Packaging 289