2018: What Will It Look Like?

Supply Chain Insights

Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. This includes SCOR, APICs, Gartner Top 25 Supply Chains, Gartner Hierachy of Metrics, etc. Big data supply chains Digital Innovation Supply chain excellence 2018 predictions cognitive computing digital supply chain ecommerce supply chain system of recordI hate prediction articles. However, this morning over coffee, my fingers hunger to write this post. I am not sure why.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. We salute the year’s top advancements in supply chain technology and processes.

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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.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

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).

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So the CSR score too is more of a popularity contest than a consistent metric. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”.

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Last month ING Wholesale Banking launched their Sustainable Improvement Loan, with EcoVadis as a key partner providing our Business Sustainability Ratings that are used in the loan rate calculation: When sustainability performance improves, the rate goes down!

Themes from the 2018 SCM World Leaders Forum

Kinaxis

I just returned from a very inspiring 2018 SCM World Leaders Forum in London. The chief product supply officer of a large global company encouraged attendees to think in terms of shareholder return, by mapping financial metrics to supply chain operating metrics such as on time in full (OTIF), and inventory turns. In addition, supply chain leaders should translate those metrics into frameworks for daily decisions at individual DC, plant, and production line levels.

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10 Powerful Transportation Success Metrics to Watch

Zipline Logistics

Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics. Management guru Peter Drucker famously stated, “If you can’t measure it, you can’t manage it.”

Achieving a Well-Balanced Inventory – The Metrics

Valogix

Achieving a well-balanced, efficient inventory is no small task as supply chain complexity is ever increasing. How do you get there and how do you know when you have arrived? Understanding and using some basic financial and accounting methods along with an advanced inventory optimization solution will help get you there and keep you there

Top Talking Logistics Videos and Posts in 2018

Talking Logistics

As 2018 comes to an end, a quick thank you to all of our readers, followers, and sponsors for another great year of learning and conversation on Talking Logistics. The numbers speak for themselves: 49 episodes produced in 2018, totaling more than 1,200 minutes of conversations with thought leaders and newsmakers in the supply chain and logistics industry. Top 10 Talking Logistics Posts in 2018. 2018 Parcel Oversize Changes: Tightening of the Vise.

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Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. market-driven value chains metrics that matter New technologies apparel chemical digital transformation incrementality JDA Oracle SAP transformationDefinitions: Provocateur. A person who or thing which provokes; a challenger, instigator, inciter, irritator; (in later use) specifically = “provocateur.” ” Incrementalism.

Supply Chain and Finance: Shared Metrics Drive Business Success

Tecsys

In the January-March 2018 issue of APICS magazine, APICS CEO Abe Eshkenazi contends that if supply chain leaders bring business success then that makes them business leaders. The post Supply Chain and Finance: Shared Metrics Drive Business Success appeared first on Tecsys. Mr. Eshkenazi goes on to state “organizations that consider their supply chains as strategic and competitive assets outperform the market”.

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. Operational metrics emphasize reliability, stability and velocity to determine relevant information and materials in the Operational Relevant Range. Strategic metrics emphasize contribution margin, working capital control and customer base control and development.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. Source In 2018, companies continue to rely on data to make decisions in logistics.

Defining Metrics for Success in Supply Chain Design

Llamasoft

As I engage with more and more through our DECODE methodology I consistently see a gap with teams not having metrics in place to measure their Supply Chain Design organization. The post Defining Metrics for Success in Supply Chain Design appeared first on LLamasoft. Mark Armstrong is a Customer Success Strategist at LLamasoft. Not enough companies are measuring successes (or failures) when it comes to supply chain design.

Go Boldly Together: Takeaways from Nulogy xChange 2018

Talking Logistics

This unprecedented change, and the challenges and opportunities it creates for CPG companies and suppliers, was a hot topic of conversation at the Nulogy xChange 2018 conference a few weeks ago where I delivered a keynote presentation and moderated a panel discussion with industry executives (more on that later). . Nulogy xChange 2018: Why Courage is So Important Today.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Cass Truckload Linehaul Index (July 2018). With parcel becoming a growing part of virtually every company’s transportation operations, gaining more real-time visibility to delivery status and other metrics is critically important. The post This Week in Logistics News (August 13-17, 2018) appeared first on Talking Logistics with Adrian Gonzalez. I’m back from vacation. Well, back physically. Getting back mentally has been a very slow process.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Cash-to-cash is a compound metric.

Retail Suppliers: Why Supply Chain Metrics are Critical to Retaining Your Business

West Coast and California Logistics

power, speed, agility) and increasingly more to do with metrics. With these metrics, teams define the “best” players as those that perform well in key statistical areas like “on-base percentage” and “slugging percentage” – not necessarily who can hit the ball the farthest. In modern baseball, the analysis of player performance has less to do with time-honored traits (e.g.,

The 6 Top Supply Chain Trends to Make Supply Chain Managers the Hero of Their Company

Cerasis

Supply chain leaders will face 2018 with uncertainty and opportunity. In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Lean processes are standard in supply chains, including logistics, but 2018 will see a gradual transition to elastic logistics.

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Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Gartner recently announced their 2018 Top 25 Supply Chains List. The 2018 Gartner Top 25 Supply Chain List. But overall most of the list was the same as 2017. In fact if you go back 5 years to 2013 you will find that most of the names are the same as on the 2018 list. Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Copyright Mortson Enterprises Inc, 2018. The post Gartner’s 2018 Top 25 Supply Chains List! Subscribe Here!

Implementing Omnichannel: How to Get Your Supply Chain Ready to Go Omnichannel

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Develop Metrics to Track the Effectiveness and Efficiency of the Omnichannel Strategy. Retailers must implement specific metrics to track the effectiveness and efficiency of the original strategy and all appropriate solutions.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

It’s the reason why On Time In Full (OTIF) is a critical supply chain metric today. The post Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018 appeared first on Talking Logistics with Adrian Gonzalez. “Consumers are the disruptive force today, not technology.”. So stated Ken Hughes , a leading consumer and shopper behaviouralist, in his keynote presentation at Trasnsplace’s 16th Annual Shipper Symposium a couple of weeks ago.

L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

The Business Case For a Modern Warehouse Management System

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Maintaining scalability and efficiency in an omnichannel-driven world is difficult at best. Warehouse managers face constant pressure to move more products, reduce damage, improve order cycle times, boost employee morale, and more.

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Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

[PODCAST] How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data

Cerasis

Transportation Metrics that Matter the Most for Shippers to Track to Improve Performance. Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. We hope you enjoy “The Freight Project Podcast.”

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Ranking Journals: Academic Journal Guide 2018 (“ABS List”)

SCM Research

Today, the Academic Journal Guide 2018 will be released. I am very curious whether AJG 2018 will finally give SCM journals the ranks they deserve. Three years ago, the Chartered Association of Business Schools (ABS) has released its last ranking of business journals: the Academic Journal Guide (AJG), also known as the “ABS list” This ABS ranking has become quite influential as the guiding journal ranking across management disciplines in the UK.

What Warehouse Management Technology Is Necessary to Create a Best-in-Class Distribution Center?

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Reports, dashboarding tools, key performance indicators and metrics, created and analyzed via big data and analytics, can help managers stay aligned with enterprise-wide and customer needs, fulfill more orders, and avoid disruptions or repercussions from violations of regulatory measures.

Integrating ERP and TMS: Why Your Business Needs Both Systems

Cerasis

TMS software keeps track of metrics better attuned to the industry, such as fuel trends, number of late shipments, transit times and more. Too often, ERP software is seen as the final answer to any and every distress a business may face. Built to centralize processes, increase productivity and provide end-to-end visibility of your company, why would you ever consider another solution?

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Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs). The list of metrics can go on and on, so shippers should consider streamlining the entire process by automating supply chain controls and notification systems with business intelligence.

What’s Your Forecast Accuracy Target for 2019?

ToolsGroup

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics.

Demand-Driven Transformation at Shell

Supply Chain Shaman

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. The company went live in the Philippines in July 2018 and in France in September 2018, with North America and Russia following in October 2018, thus working their way around the global supply chain network. Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global.

Is Seamless OmniChannel Possible? How to Avoid Supply Chain Technology Hiccups

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Leverage Inventory as Data When systems communicate, they create inventory data, but actual inventory can be turned into data points and metrics to understand the flow of products. For this reason, many companies are outsourcing integration and analytics to ensure they have the right metrics and data tools to continuously improve omnichannel supply chain technologies.

Congratulating the Supply Chains to Admire Winners

Supply Chain Shaman

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. Yes, each company is a signficant contributor to the improvement of supply chain practices; but the short answer is that each of these companies underperformed their peer group on the metrics selected.