Supply Chain Shaman

JANUARY 2, 2024

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. But lowering the costs in operations does not translate to margin, and with the volatility in the markets as shown in the industry patterns below, can we afford to only rely on enterprise data?

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

Logility

AUGUST 7, 2017

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.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Logistics Viewpoints

FEBRUARY 14, 2022

ARC’s Industrial Digital Transformation Top 25. ARC Advisory Group, where I work, recently announced the publication of their analysis of the 25 manufacturers with the most mature digital transformations. Industrial innovation continues to accelerate, and leading companies have their transformation initiatives well underway.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Software Report Logistics Network Optimization Software 190

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

Supply Chain Shaman

JULY 25, 2021

I find the industry complicit. To make the point, let me share an orbit chart for four industries (reference Figure 1). While some might claim that the industry made progress, the facts show that the industry margin decreased precipitously in three of the four industries shown. How could the industry spend 1.7%

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. In today’s training class, we focused on determining the balanced scorecard. What does an outside-in batch job look like?

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Supply Chain Movement

DECEMBER 8, 2014

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time.

Metrics 120

Metrics Supply Chain Design Software Gartner Supply Chain Design 120

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post I share industry trends. For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. What can we learn?

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

QAD

JULY 1, 2021

Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. Improving communication between departments and comparing metrics across them. What are Total Manufacturing Costs? Capturing real-time reporting you can quickly access.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post, I share industry trends. For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. What can we learn?

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

JUNE 7, 2018

Putting a stick in the eye of the industry is hard work. The industry has too many events. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. An orbit chart is a plotting of data at the intersection of two metrics. Change is hard.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

Supply Chain Shaman

APRIL 9, 2021

Over 85% of companies turned their systems off, turning to spreadsheets and ad hoc manual analysis. The chasing of dead-end streets based on spreadsheet analysis—making infeasible decisions from cursory spreadsheet analysis– undermined corporate value. Unequal to the Demand Shifts in the Pandemic. My quest is “why?”

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

ThroughPut

MARCH 27, 2024

Benefits of AI in the Retail Industry Enhancing Accuracy in Demand Forecasting Forecasting demand has never been this accurate before. Streamlining Inventory Management and Reducing Waste With the help of AI-powered predictive analysis, retailers are optimizing stock levels, streamlining inventory, saving storage costs and minimizing waste.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

ToolsGroup

JANUARY 15, 2024

Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Learn more about ToolsGroup’s industry recognition from customers and analysts HERE.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

Kinaxis

JUNE 22, 2015

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. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. The inevitable is business disruption.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

Supply Chain Shaman

DECEMBER 28, 2020

My goal is to convince you to ground supply chain processes and technology implementations in data analysis while tying the results to the improvement in corporate performance. Orbit Chart for Henkel versus Consumer Non-Durable Industry for the Period of 2010-2019. ” I grow weary of industry doubletalk and over-used superlatives.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Supply Chain Game Changer

JUNE 2, 2022

Preparing Your Company for Industry 4.0! Industry 4.0 , sometimes also called the fourth industrial revolution , is a trend of data exchange and automation in changing manufacturing and manufacturing technologies. Companies and facilities that subscribe to the industry 4.0 At the heart of industry 4.0

Manufacturing 113

Manufacturing Data Predictive Analytics Software Industrial 113

Supply Chain Shaman

MARCH 28, 2016

” The journey for value requires a clear definition and analysis of what is possible. The first step in the journey is to analyze balance sheet results and understand industry trends. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Relying on our experience in the industry and academic field, it is worth to say that if everything is urgent, nothing is urgent! Industry 4.0. Cyber Physical Systems (CPSs) are key enablers for Industry 4.0.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Shaman

FEBRUARY 18, 2021

Need For What-If Analysis. While the industry is flush with terms like digital twin and what-if modeling, current applications were not equal to the need. Most of the industry makes most of the visibility solutions from third-party logistics providers and technologists obsolete. I love the metaphor of watermelon metrics.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Supply Chain Shaman

AUGUST 12, 2020

The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

SCMDOJO

APRIL 27, 2022

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. Why Does the Apparel Industry Require Supply Chain Management?

Apparel 114

Apparel Supply Chain Design Software Supply Chain Design Supply Chain Optimization 114

Supply Chain Shaman

OCTOBER 11, 2023

Or tired from two weeks of road travel… But after twenty years as an industry analyst in supply chain technology, I struggle with why we cannot make more progress in the adoption of technology to make better decisions. I am excited by the graph, but disappointed in the industry’s use of the graph to drive process improvement.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

DELMIA Quintiq

SEPTEMBER 10, 2019

The question that seems to get asked more often than not is to talk about how many industrial applications we can name for machine learning. Industrial Applications and Transformations Attributed to Machine Learning. Industry Week confirms these issues. Well, frankly that’s the wrong question. The possibilities are endless.

Supply Chain Design Software 149

Supply Chain Design Software Predictive Analytics Software Modeling Software Industrial 149

Talking Logistics

SEPTEMBER 12, 2017

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. As a leader, you need many tools to eliminate this mindset.

Metrics 106

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 106

Supply Chain Shaman

MAY 1, 2023

The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. Increasing Need for Strategy Clarity The evolution of GPT and AI crazes the industry. Strategic View of Time: M&A, market analysis, and positioning. Manage inventory as a liability.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

Supply Chain Shaman

JULY 22, 2019

Smaller, more agile companies outperform the larger and well-known brands in the retail, beverages, food, and pharmaceutical industry sectors. Over the last month, I have been working on the 2019 Supply Chains to Admire analysis. Industry-by-industry, I compiled data for the period of 2010-2018. Celebrating Success.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 250

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

Veridian Solutions

OCTOBER 2, 2018

To meet demand, shippers must rapidly ramp up production and move more product, but the industry is struggling. This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Analysis 53

Analysis Data Forecasting Software Supply Chain Software 53

Unleashed

OCTOBER 31, 2023

Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Manufacturers can leverage this to attract, hire, and keep the best people in their industry while establishing a reputation as a preferred place to work.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Supply Chain Shaman

SEPTEMBER 4, 2017

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. The analysis was industry-specific. To complete the research, we assigned each company in the analysis a unique company ID to reduce bias.

Supply Chain Planning Software 169

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 169

Kinaxis

JULY 29, 2015

by Lori Smith What if there were little, to no, limitations to the what-if analysis you could do? Like many supply chain capabilities discussed in the industry, it is something touted by many, but not all what-if capabilities are created equal. The post What if there were no limitations to your what-if analysis?

Analysis 100

Analysis Scenario Planning Supply Chain Planning Software Supply Chain Optimization 100

Supply Chain Shaman

JULY 5, 2016

The time-consuming analysis is fascinating. However, in the writing of the recent report on the Household Products and Beauty industries, my observation is that companies are stuck in neutral and going backwards. Who is performing the best in this industry? The industry as a whole struggled. It is our fourth year.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

Supply Chain Shaman

JUNE 13, 2017

When we look at the relative progress of industries within the Technology Value Networks in Table 1, you see a lot of red. The first number in a cell represents the average value for a specific industry for 2010-2016, and the percentage on the second line is a comparison of the average for 2010 when compared to 2016.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 0