Remove 2017 Remove Inventory Remove Manufacturing Remove Metrics

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. I have found this to be true when working with many different manufacturers. Metrics for Action. Guide: Operations Metrics for Action.

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.

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

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. When it comes to supply chain metrics, “beauty is in the eye of the beholder.”

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable.

Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

I keep seeing the word efficiency in the manufacturing media. When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics).

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. These will only contain posts written in 2017.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. By understanding how the industry will evolve throughout 2017, you can prepare your organization for the challenges and opportunities that will come. Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog.

Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance.

Mining Supply Chain Data for Insights

Supply Chain Shaman

These are mainly North American-based manufacturers, distributors and retailers.) We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. Mine sweeping is essential to warfare.

Data 223

The Top 10 Logistics Blog Posts from 2017

Cerasis

Today is day three of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation , Freight. These will only contain posts written in 2017. The Top 10 Logistics Blog Posts from 2017.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Supply Chain Market reported the closest any manufacturer can get to the magic bullet of efficiency (collaboration) is through greater supply chain visibility.

KPI 89

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. To get more information on how logistics may change within the next couple of years, you may read the article Supply Chain Trends To Follow In 2017 by Steve Banker at Forbes.

Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. We also have strong manufacturing culture and high focus on “Lean” initiatives.

Why Demand-Driven Manufacturing is Focused on Metrics for Action

synchrono

In Demand-Driven Manufacturing, there is only one measurement that is important to drive performance: Throughput. There are two subordinate measurements: Inventory and Operating Expense. Demand-driven managers know that having too many metrics leads to conflicting measurements.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B between 2017 and 2025 with the global market reaching $4.6B How Warehouse Inventory Management Software improves efficiency. in 2016 and is projected to attain a Compound Annual Growth Rate (CAGR) of 14.1%

Gartner’s Five-Stage Maturity Model for Supply Chain Analytics

ToolsGroup

They cite manufacturers and retailer benefits such as 20% reduction in inventory, 10% improvement in customer service levels, 10% increase in revenue, and 25% increase in available capacity. Gartner measures supply chain analytics maturity across seven different dimensions.

Things Aren’t Always as They Appear in Today’s Supply Chain: The Direct Correlation Between the Accuracy of Your Mobile Data Inputs and Your Factory’s Outputs

OneSCM

That is why it’s fair to say that what you see is not always what you get in today’s high-tech manufacturing plants and warehouses (once the final performance metrics are tallied days or months later).

Data 195

Things Aren’t Always as They Appear in Today’s Supply Chain: The Direct Correlation Between the Accuracy of Your Mobile Data Inputs and Your Plant’s Outputs

OneSCM

That is why it’s fair to say that what you see is not always what you get in today’s high-tech manufacturing plants and warehouses (once the final performance metrics are tallied days or months later).

Data 195

Data integrity: Bad data and 3 good things to do about it when supply chain planning

Kinaxis

Yield and scrap factors will change as manufacturing processes improve after first runs of a part. There are companies that have found a way to interrogate their data with standard data integrity processes, views and metrics.

Reduce Costs: Invest In Talent

Supply Chain Shaman

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. This is a warning for manufacturing companies.

FAQ: Is Demand-Driven Manufacturing the Same Thing as Lean?

synchrono

Many of our customers don’t start out looking to implement Demand-Driven Manufacturing per se. Often, they’re focused on Lean Manufacturing or at least some element of it. Demand-Driven Manufacturing isn’t synonymous with Lean or other related initiatives such as Theory of Constraints.

Lean 42

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. Robust Market Emerging for Digital Manufacturing Technologies. Robotics/wearables/the Internet of Things/additive manufacturing coalescence is redefining manufacturing.

The Talent Gap

Logility

These services are not designed to replace existing resources , but rather integrate and align with and feel responsible to help the team achieve supply chain metric improvements. What It Is, Why We Have It, and Some Simple Ideas to Fill the Gap. Rising Demand.

KPI 185

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. Inventory Turns. BASF creates chemistry.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As

Lassoing S&OP

Supply Chain Shaman

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Form and Function of Inventory. The main event kicks off on September 6, 2017 at noon.

S&OP 222

Is it time to take your supply chain glocal?

Kinaxis

Automotive manufacturers are another great example, although many of the differences between European and North American car models are due to specific regulations, with the most obvious being which side the steering wheel is on and whether the speedometers show miles per hour of kilometers per hour.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. On May 12, 2017, a headline in the Wall Street Journal read “ Major Cyberattack Sweeps Globe, Hitting FedEx, U.K. Source: Evan, Flikr. “I

Lassoing S&OP

Supply Chain Shaman

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Form and Function of Inventory. The main event kicks off on September 6, 2017 at noon.

S&OP 209

Things Aren’t Always as They Appear in Today’s Supply Chain: The Direct Correlation Between the Accuracy of Your Mobile Data Inputs and Your Factory’s Outputs

OneSCM

That is why it’s fair to say that what you see is not always what you get in today’s high-tech manufacturing plants and warehouses (once the final performance metrics are tallied days or months later).

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking. In other words, the term, “metrics,” can be deceiving. Since a metric is a data point, metrics can include the number of vendors used, the percentage of on-time deliveries or spend-to-carrier ratios. The nominal information gleaned by each of these factors results in confounding data that may be highly affected by metrics not being measured.

What About Them Apples?

Supply Chain Shaman

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I also worked in manufacturing during the period of 1978-1992 trying to plan demand.

U.S. Manufacturing Activity Continues to Grow

Supply Chain Nation

manufacturing activity in May, how advancements in artificial intelligence are shifting the balance of power in technology, and the role of corporate social responsibility in supply chain management. . manufacturing activity gains ground. Manufacturing friday in 5

3 Steps to Achieving Predictive Logistics

Talking Logistics

Retailers and manufacturers deploy AI to, at the time of booking, accurately predict inland destination shipment arrival times to allocate volumes across air and ocean and meet inventory demands.

Takeaways From Gartner’s Top 25 Supply Chain Rankings 2017

Shipsy

With an ever increasing focus on innovation and efficiency in the supply chain, Gartner’s Top 25 Supply Chain Rankings 2017 threw up a host of interesting takeaways. Key Trends in Gartner Top 25 Supply Chain Rankings 2017 (Source?—?Gartner) Net income/total assets Inventory turns?—?Cost