The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

My Take: Metrics that Matter

Supply Chain Shaman

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics. Last week, I held my new book in my hand.

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Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

Tomorrow, I present the Supply Chains To Admire 2015 Analysis at the Supply Chain Insights Global Summit in Scottsdale, AZ. At the event, we will also announce the winners of the Supply Chains to Admire methodology for 2015. It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics.

Inventory Metrics: From Insight to Action

Kinaxis

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. When determining the metrics required for any business process, the first question you need to ask yourself is, “What are the business goals of the process?” The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Energy used in handling returns : This metric is used in sustainability programs.

Supply Chain Spotlight on Mexico: Takeaways from Logistic Summit & Expo 2015

Talking Logistics

A clear sign that Mexico is currently in the supply chain spotlight was last month’s Logistic Summit & Expo 2015 in Mexico City, which attracted over 10,000 attendees and almost 200 exhibitors, including leading 3PLs, software vendors, and other supply chain and logistics companies from both the United States and Mexico. The post Supply Chain Spotlight on Mexico: Takeaways from Logistic Summit & Expo 2015 appeared first on Talking Logistics with Adrian Gonzalez.

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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.

How Supply Chain Best Practice Metrics Can Predict the NFL Super Bowl

Kinaxis

So, I decided to use supply chain best practice metrics to predict the Super Bowl participants, and the ultimate winner. This is a simple equation, but yet very effective when used as an end-to-end metric. For this metric, I searched for the best indicator of “does this team provide its customers with a high level of service” and “are the customers willing to “go above and beyond” in support of their team”? Speed is the metric that pulls all the functional areas together.

“1+1=3? Opportunities in Logistics (Takeaways from Descartes Evolution 2015 Conference)

Talking Logistics

The theme of this year’s Descartes Evolution 2015 Global User & Partner Conference , held in May in Miami, Florida, was “Logistics Integration — What’s Next?” Important metrics include On Time Delivery from a customer’s perspective; Team Performance in the home; and Point of Sale experience. The post “1+1=3″ Opportunities in Logistics (Takeaways from Descartes Evolution 2015 Conference) appeared first on Talking Logistics with Adrian Gonzalez.

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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. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

Sustainable Purchasing & Supply Summit 2015

Supply Chain Movement

Sustainable Purchasing & Supply Summit 2015. Date: 22 September 2015. The 2015 event will again offer two complementary SPSS Masterclasses, available as separate half-day sessions or together as a full-day programme, the conference is chaired and supported by Carbon Trust. The Latest Thinking on Metrics, Reporting & Compliance. Venue: QEII Centre, London. Organization: Revolution Events. URL: www.spssummit.com .

Lora Cecere: ‘All the metrics must be in balance’

Supply Chain Movement

But in fact, all the metrics must be in balance,” says Lora Cecere from Supply Chain Insights. The analyst was joined by Bram Desmet, managing director of Solventure, to present her latest book, Supply Chain Metrics that Matter, in Brussels on 18 March 2015. They are often measuring individual metrics versus the whole,” states Cecere. Supply Chain Metrics that Matter.

This Week in Logistics News (September 7-11, 2015)

Talking Logistics

They also lack process controls and metrics. Based on XPO’s share price (down 40% from their May 2015 high, including an 11% drop on Thursday) and news that Moody’s Investor Service might downgrade the company’s credit rating (which is already classified as high risk), it seems like investors are concerned not only about the size and pace of these large acquisitions, but also in the company’s strategy shift from an asset-light model to an “asset heavier” one.

Three Metrics for Managing Truckload Capacity in a Volatile Market

CHAINalytics

The post Three Metrics for Managing Truckload Capacity in a Volatile Market appeared first on Chainalytics. By Matt Harding | Principal, Transportation For-hire truckload spend accounts for roughly $300 billion of economic activity across the United States. For shippers managing day-to-day costs and dealing with service issues in volatile markets, managing carrier performance can be one of the more difficult jobs in supply chain management today.

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). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics.

Wanted: Supply Chain Architects!

Supply Chain Shaman

I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design.

Top Logistics Articles of 2015

Cerasis

We continue our top articles from each of our main 5 categories today by covering the top 10 logistics articles that were the most viewed in 2015. Top Logistics Articles of 2015. So, with all of that said, when it comes to the logistics category and the top logistics articles of 2015, we are getting closer and closer to where we live and breath every day to provide value for our shippers. The Most Important Distribution Center Metrics to Track and Understand.

Don’t Perpetuate the Hoax of the Gartner Top 25

Supply Chain Shaman

Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Year-over-year Improvement at the Intersections of the Metrics. It is for this reason, that we are hard at work on the analysis of the Supply Chain Metrics That Matter series of reports. It is a study of performance patterns at the intersection of the metrics.

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

For each metric we show the averages and the percent change from the beginning and end of the period. Metric Performance for Discrete Industries. Tonight I am writing the Supply Chain Metrics That Matter report on the High-Tech Industry, and the Research in Review for 2015. We are heads-down on reports for our last newsletter for 2015. Metrics cannot be managed in isolation and realistic targets drive career success. 2016 is around the corner.

Guest Post: Ignoring this Performance Metric is Risky

TMC

As I explain in my book, The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press, October 2015), companies can improve their disruption detection capabilities in a number of ways. His new book, The Power of Resilience: How the Best Companies Manage the Unexpected (MIT Press, October 2015), is available from Amazon.com and MIT Press. The post Guest Post: Ignoring this Performance Metric is Risky appeared first on Connect Blog by TMC, a division of C.H.

Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . We hope you have been able to learn a few things from the 232 blogs published in 2015. Top 10 Supply Chain Articles from 2015. These metrics should be reviewed frequently to ensure supply chain success.

Most Read Manufacturing Articles of 2015

Cerasis

We will list the articles based on the number of views, featuring the top 10 from each of these 6 categories that were published in 2015. In 2015, we have already published 232 articles in several different categories. Most Read Manufacturing Articles of 2015. We will first start with the top Manufacturing Articles that were published in 2015. Without further ado, here are the top manufacturing articles in 2015 from the tenth most read to the first most read.

Let’s Fail Forward….

Supply Chain Shaman

Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics. Functions within the organization struggle for alignment and functional metrics are more clearly understood. They connect functional and corporate metrics in defining what is possible. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

For each metric was show the averages and the percent change from the beginning and end of the period. Table 1: Metric Performance for Discrete Industries. Tonight, I am writing the Supply Chain Metrics That Matter Report on the High-tech Industry and the Research in Review for 2015. We are heads down on reports for our last newsletter for 2015. Metrics cannot be managed in isolation and realistic targets drive career success. 2016 is around the corner.

My Supply Chain Resolutions

Logistics Viewpoints

One way to do this is to use a Perfect Order metric as a key way of measuring the supply chain organization. What resolutions should you make in the New Year to improve your supply chain? Here are mine: To remember that supply chains should be built backward from the customer. But the question remains […]. Learning & Leadership Supply Chain Risk Management

Access The Big Benefits of an Effective Reverse Logistics Webinar Replay

Cerasis

Cerasis put on a 75-minute webinar entitled, The "Big Benefits of Effective Reverse Logistics" Webinar on September 30th, 2015 at 2:00 PM CST. The 9 Core RevLog Metrics to Track. We had a great turnout with over 170 logistics managers, supply chain officers, and those in the transportation world registering and attending the webinar.

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Order accuracy from 61% to 66%; Inventory is reduced by 5 percent; Order fill rate from 60% to 66% (Capgemini Consulting: 2015 3PL Study). Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation.

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Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

It is for this reason, that we asked companies participating in our 2015 Supply Chain Planning Benchmarking to share raw data. This is our first year of completing a structured benchmarking activity, and it is my goal to broaden this analysis with more industries and companies in 2015. Debra built the Gartner Hierarchy of supply chain metrics. In this work, there were over 85 companies and Debra looked at correlations between the metrics to determine the relationships.

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

Cerasis

Using data in logistics to improve your processes does not necessarily require existing orders and information from KPIs and metrics. Metrics and KPIs. However, data in logistics can be further simplified by organizing it into KPIs and metrics. Metrics and KPIs should reflect real-time information about your shipping processes. Basically, metrics and KPIs are a means of preventing and addressing distressed shipments.

The 5 Most Popular Logistics Blog Posts for 2015….So Far

Cerasis

We are a bit past the halfway mark for 2015, but since this marketing manager's vacation is this week, we have decided to make sure we still have our usual "Top Posts for the first half of the year" annual event (read, these are easier to schedule while we are out!). . On June 23, 2015, the Council of Supply Chain Management Professionals ( CSCMP ) released the “State of Logistics Report,” which happens to be in its 26 th year. >>> Read More & View the Metrics.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Creating an Effective Transportation Management Program Run by Metrics. Speaking of metrics.Utilizing the right metrics to monitor the health of your transportation footprint and network are critical. Transportation management systems provide a wealth of information , but it can be overwhelming finding the right metrics to manage your business. It’s also important to have flexibility in generating metrics. As your business changes, so will your metrics requirements.

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Insufficient metrics employed by many business leaders often reflect only on areas like production labor efficiency and equipment usages—focusing inordinate amounts of emphasis on improvement in these isolated areas and failing to identify performance issues throughout the company. In addition, establishing a well-rounded set of metrics, set up self-monitoring metrics that hold individuals accountable for tracking their own levels of participation in the lean program.

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