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. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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. Sources: Agus, A., & Mohd, S.

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

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.”. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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. The assessment methodology covers 21 CSR/sustainability criteria across four themes: environment, labour/social, ethics, and sustainable supply (relating to sourcing practices).

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

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. Source: Nulogy.

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.

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. Source: Gartner. 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. Subscribe Here! Email Address.

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. Transplace TMS Screenshots (source: Transplace). 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.”.

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. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

Demand-Driven Transformation at Shell

Supply Chain Shaman

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Nick formed a tight-knit implementation group with business users, and technologists used the backbone of SAP ERP to source master data and transactional flows from SAP and into Orchestr8. Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global.

[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

Why advanced technologies such as blockchain , AI, and the IoT get a lot of attention, but that focusing on real-life solutions to issues like labor shortage, safety, and capacity sourcing instead of wasting so much breath on disruptions that won’t take place for decades is more productive for those who work in freight. Capacity & Carrier Metrics Resources to Download. Transportation Metrics that Matter the Most for Shippers to Track to Improve Performance.

Analysts Support a Single Model for Sales and Operations Planning

ToolsGroup

With a single version of the truth, planners can model scenarios for S&OP meetings, so stakeholders from sourcing, manufacturing, logistics, sales, and finance can assess the options and trade-offs. Uniting planning and operations in one model also enables companies to reconcile customer constraints with their own high-level decisions and performance metrics.

S&OP 159

Overcoming obstacles to integrating finance with supply chain operations

Kinaxis

IBP helps achieve key performance indicators (KPIs) like sales, customer satisfaction, inventory level and other metrics outlined in the strategic plan. Overcoming that challenge means developing meaningful and robust metrics that measure financial performance, and including them in S&OP operations. That means bringing together data from multiple sources, whether it’s financial or supply chain-related, into a single system for viewing and analysis.

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation. After all, even the best and most reliable data points and metrics are meaningless unless they are somehow leveraged in decision-making.

Data 131

New Findings from the Gartner Supply Chain Users Wants and Needs Study

ToolsGroup

Technology maturity strongly impacts overall supply chain maturity - Gartner looks at five elements to determine overall supply chain maturity including: business outcome focus, use of metrics, business process focus, decision-making process and use of technology. The annual Gartner Supply Chain Technology User Wants and Needs Study is one of the most comprehensive studies of supply chain users. The most recent survey included more than 473 people spanning the globe.

Study 152

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Procurement teams are often obsessed with benchmarking against and achieving best-in-class performance on a range of metrics. Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend.

Advanced Analytics Are Everywhere!

Logility

Today it seems like you can buy just about any type of device that supports analytics including; Toothbrushes that analyzes your brushing habits and alerts you to ways to maximize brushing through your smart phone; Wristwatches that tracks your every motion and provides performance metrics to help you meet your health and fitness goals; Refrigerators that monitor product usage and recommend when to buy milk or suggests new products based on actual consumption data; and.

The Fight of the Titans

Supply Chain Shaman

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Now in 2018, we are starting to see the evolution of “Gods” with new business models that are redefining supply chain processes. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio.

Advanced Analytics Are Everywhere!

Logility

Today it seems like you can buy just about any type of device that supports analytics including: Toothbrushes that analyzes your brushing habits and alerts you to ways to maximize brushing through your smart phone; Wristwatches that tracks your every motion and provides performance metrics to help you meet your health and fitness goals; Refrigerators that monitor product usage and recommend when to buy milk or suggests new products based on actual consumption data; and.

Making Sense of Supply Chain 4.0

Material Handling and Logistics

Digital transformation can use IoT to continuously monitor machines on the shop floor, track key performance metrics and then use predictive analytics to understand what these performance metrics mean for yield, quality or the likelihood of machine failure. What, exactly, can 'digital transformation ' improve upon? Have you ever heard someone tell a joke where everyone laughed except for you – because you didn’t get it?

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

For organizations that source products from suppliers in remote regions, blockchain can provide clarity in an otherwise murky journey from harvest to retail. billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons).

Food 111

It’s not just supply chain planners who benefit from improved S&OP

Kinaxis

Improving S&OP means breaking down silos, connecting disparate data sources, exploring what-if simulations and developing cross-functional collaboration. Instead of working to individual or functional metrics, the entire organization aligns to key financial goals. by Alexa Cheater. It’s the entire company—from planners to executives and everyone in between.

S&OP 107

Building the Business Case for Digital Transformation of Supply Chain Planning

Logility

Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners.

Top 10 Most Dangerous Jobs of 2018

Material Handling and Logistics

Going by that metric, truck drivers and material moving occupations are at the top of the list, with 1,388 fatal injuries in 2016, according to recent data compiled by the Bureau of Labor Statistics. However, another metric provided by the BLS offers a different perspective on the overall danger factor of a job: fatal work injury rate, calculated per 100,000 full-time equivalent workers. Source ID. Source ID. Source ID. Source ID. Source ID.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

While on the surface it is true to say that in most organizations inventory is a highly visible dimension of Supply Chain performance impacting company accounts and a key reportable metric of business performance. In many organizations the challenge of multiple systems and disparate data sources is overcome through a combination of custom reporting tools, data warehouses and dashboards.

Why a Cashmere Sweater Can Cost $2,000 — or $30

Supply Chain Brain

Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured ContentMade from the softest wool produced by certain breeds of goats, such as the Zalaa Ginst white goat and Tibetan Plateau goat, cashmere was once reserved for the wealthiest fashionistas. Napoleon Bonaparte’s wife helped popularize the fabric.)

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions.

What Blockchain Means to Supply Chain

Supply Chain Brain

Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt. SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityBlockchain technology was created to support transactions involving Bitcoin and other cryptocurrencies. But it has quickly emerged from that dark and mysterious world to offer an invaluable tool for business in general, and global supply chains in particular.

Video 40

Top 10 Manufacturing Trends For 2019

IQMS

Many manufacturing supply chains will evolve into intelligent networks with real-time track-and-trace, legacy systems integration and greater delivery accuracy and quality metrics than ever before. IIoT holds the potential to normalize the diverse data structures that slow down greater device- and plant-level analysis of key performance metrics.

Where Will Companies Find Their Future I.T. Expertise?

Supply Chain Brain

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. As with any supply chain, it all begins with the source. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest NewsThe need for tech expertise is greater than it has ever been — and growing.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Supply chain is not just about the procurement and transportation of goods from source to consumer.