Remove Analytics Remove Manufacturing Remove Metrics Remove Procurement

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.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. New products are proliferating in manufacturing today, and delivery windows are tightening. Honeywell Connected Plant: Analytics and Beyond.

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. to manufacturing value added in 2020.

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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. Maturity in Analytics.

New Student Projects Suggest Greater Focus on Analytics

Supply Chain View from the Field

This year was no exception, and we have a cadre of bright MBA, industrial engineering, and manufacturing system engineering students lined up to work on the following projects: American Red Cross – Procurement Card Analysis – Reviewing spend analytics through p-card buying channels, and identifying key trends and consolidation opportunities. You guessed it – ANALYTICS!

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Writing: Working on My Book

Supply Chain Shaman

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers.

Forecasting made easy for manufacturers with intelligent ERP software

OptiProERP

Without the ‘smart technologies’ found in modern, intelligent ERP systems , aging equipment, changing technologies, maintenance practices and other modifications in the manufacturing sector cannot be predicted beforehand.

KPIs That Purchasing Executives Need

Silvon Software

There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level. In this blog post, I discuss the top spend areas of most manufacturing organizations, important measures to analyze in each, and how these measures (or KPIs) can impact the business. This includes raw materials, hardware, subcontracted manufacturing services and other items. These metrics are noted in the following sections below.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. Subscribe Here! Email Address.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise. Subscribe Here!

The Supply Chain Detective™: The Case of the Unpaid Invoices!

Supply Chain Game Changer

Our manufacturing lines are going to stop. Next we turned our eye to Supplier invoices for which the lack of parts supply would shut down our Manufacturing lines entirely. SCM #SupplyChain #leadership #logistics #procurement #finance #accountspayable #mystery #purchasing.

Navigating The End-to-End Journey

Supply Chain Shaman

The company that plays to win does not strive to have the best manufacturing costs, or the best procurement practices; instead, the team focuses on winning together cross-functionally on a commonly held portfolio of metrics. Wang Laboratories. Eastman Kodak. Nokia, Blockbuster.

What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm. They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

Let the Qs Begin

Supply Chain Shaman

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. The use of channel data into advanced analytics to sense demand. Aligned Metrics. Last week was the Supply Chain Insights Global Summit.

What Is Old Is New Again. Maybe, Just Maybe, the Emperor Is Getting Some Clothes.

Supply Chain Shaman

It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement.

Trade War: Can Tensions Between the U.S. and China Lead to Changes in the Global Supply Chain?

BluJay Solutions

Higher manufacturing costs due to aluminum and steel tariffs have already impacted American companies, such as Deere & Co, forcing changes to their supply chain. farmers are not expected to offset the downturn in equipment purchases hitting manufacturers.

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SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. Developing a deep knowledge of supply chain terms, vocabulary, analytical methods, and know-how is of primary importance in this section of the class.

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

Per IDC Manufacturing Insights , the use of robotics will become more platform based through robot-as-a-service, reducing costs of deployment and maintenance. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

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S&OP: Five Steps to Get Started

Supply Chain Shaman

The caller had prior experience with a major household products company and recently transitioned to a smaller, but global discrete manufacturer. The company had a strong manufacturing culture, and the focus was on the urgent. It is Sunday. Today, I assume a familiar position.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The goal is deeper analytics to sense and respond across make, source and deliver. There is seldom one technology used within a manufacturing company to connect B2b value networks.) 2) Advanced Analytics. Let’s first examine the opportunity to deepenen analytics. .

Using the Bits: Building Digital Outside-In Processes

Supply Chain Shaman

In the evolution of today’s analytics most companies are evaluating concurrent optimization of transactional data. We are just beginning to understand how to use sentiment data and new forms of analytics. As shown in Figure 3, the period of 2015-2020 will be about analytics.

Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

Here is a sample of the type of projects our MBA and Engineering students are working on this semester, proving again that NC State is all about “THINK AND DO” (in our case, executing on practical applications in the real world using robust supply chain analytical approaches).

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. They also are clear that the supply chain is defined outside-in based on the channel requirements and the underlying rhythms and cycles of fulfillment, manufacturing and procurement.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. This transaction is represented by the “procure to pay” cycle.

SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

Will digitization change the way we measure things and monitor metrics? Companies like Flex are looking for ways to integrate vertically, not just on product manufacturing, but also in terms of how to collaborate better to drive more efficiency. A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them.

Go Horizontal!

Supply Chain Shaman

My first job was in manufacturing in the 1980’s. The metrics reward functional thinking. The focus of APICS is manufacturing, CSCMP’s foundation is in logistics, and ISM serves the procurement organization.

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The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos.

Leonardo da Vinci and Supply Chain Management

Enterra Insights

They need a general understanding of everything from procurement of raw materials to customer service. It was a kind of harmony between analytical and creative thinking.”[3] Supply chain management requires analytical thinking. Successful supply chain professionals are by nature, mostly analytical thinkers. We have established business metrics and we love to quantify our business strategies. How can resources be procured at the best price?

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. John Moss @EnglishBlinds John Moss is the CEO of English Blinds , the manufacturers of bespoke window blinds and shades.

No Easter Bunny?

Supply Chain Shaman

Analytical innovation and digital transformation drove step-change capabilities within the office and marketing. The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes.

Bait and Switch

Supply Chain Shaman

The market shift is towards analytics, but this new market is confusing. Demand-driven concepts are expansive they extend from the customer’s customer to the supplier’s supplier, but the areas of sales and procurement are often very resistant to the demand-driven concepts.