Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Enter proactive analytics. Use the Correct Metrics.

Modern Metrics

synchrono

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. White Paper: Demand-Driven Manufacturing Metrics that Drive Action.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics.

Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Take advantage of built-in analytics. Choosing Metrics.

Advanced Analytics Are Everywhere!

Logility

Analytics are literally everywhere. Open any supply chain periodical, blog, or report and chances there is a discussion around the importance of analytics. The following is a quick checklist of capabilities you should look for to support your advanced analytics initiative.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.

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

ToolsGroup

Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Excel spreadsheets dominate, providing limited analytics.

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.

[Infographic] Big Data Analytics in Supply Chain

Cerasis

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . In areas of big data analytics for enterprises, the answer is inevitable – use the cloud. . Implementing Advanced Analytics .

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? The Fundamentals of Managed Analytics.

Tackling the Unknown: Trying to Figure Out New Forms of Analytics

Supply Chain Shaman

The new world of supply chain analytics is my current research project. There is a great need for improved supply chain analytics. The first generation of supply chain analytics were an extension of solutions with three letter acronymns–ERP, CRM, SRM, SCE, and APS.

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.

Siemens BT: Every analytical transformation requires a “Jonah Hill”

NC State SCRC

One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. Carl noted that “Analytics strategy is like giving the whole organization a full body scan. Both individuals are needed to produce Discovery Analytics.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Using Analytics to Manage Inventory

Silvon Software

The use of performance analytics plays a key role in the inventory management and optimization processes by helping manufacturers and distributors better determine their stocking targets and if there are any upstream or downstream issues that need to be addressed. Intelligent Analytics

Using DRG Analytics to Drive TCO: The Holy Grail in Healthcare Analytics

NC State SCRC

There is even a metric for this used by hospitals: “utilization” To illustrate the problem, consider a hospital that buys 100 stents. Analytics Articles Director's Blog Emerging Issues in Supply Chain Healthcare Supply Management Logistics Uncategorized

Supply chain inventory optimization – Beyond the analytics

Kinaxis

The focus with Inventory optimization is often on analytics, but that’s just the beginning. The post Supply chain inventory optimization – Beyond the analytics appeared first on The 21st Century Supply Chain.

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.

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

Value of Analytics for Wholesale Distributors

Silvon Software

Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. Here’s more information on the value that analytics can bring to wholesale distribution organizations: Operational Efficiency. Intelligent Analytics

Stop Leaking Money with Manual Inventory Controls

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics probabilistic modeling statistical forecasting supply chain analytics

[WHITE PAPER] A Guide to the Warehouse Metrics Supply Chain Execs Should Track

Veridian Solutions

Metrics, sometimes referred to as key performance indicators (KPls), data, insights, or analytics, provide a glimpse into the universe of your warehouse management system (WMS) and operation. Big data also increases the importance of metrics in the modern warehouse.

Measuring Up?

Supply Chain Shaman

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

Analytics and the Digital Supply Chain

Enterra Insights

“By the end of 2020,” asserts the editorial staff at Material Handling & Logistics (MH&L), “one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.”[1] ” Advanced Supply Chain Analytics. Excel spreadsheets dominate, providing limited analytics.” Analytics support new business models and demand shaping.

Big Data Analytics Can Help Improve the Bottom Line

Enterra Insights

“There is irony behind a discussion of the business value and metrics related to big data analytics, since a lot … Continued. The post Big Data Analytics Can Help Improve the Bottom Line appeared first on Enterra Solutions.

3 Practical Metrics for Supplier Performance Evaluation

Logistics Bureau

Regardless of advances in business analytics therefore, I still advocate a measured approach to measurement (pun intended), by way of a carefully chosen handful of KPIs which are meaningful and actionable. Supplier Performance Metrics for Every Organisation. Returns rate metrics.

5 Considerations When Evaluating your ERP system’s Forecasting Capabilities

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics order management probabilistic modeling statistical forecasting supply chain analyticsConsider what is meant by “demand management”, “demand planning”, and “forecasting”.

Whither Supply Chain Analytics?

Supply Chain Action Blog

Analytics + real-time signals = perpetual planning to optimize supply chain flows ” They are describing the space to which manufacturers, retailers, distributors, and even service providers are rapidly moving with value network analytics. Whoever does that will be able to provide constantly flowing intelligent metrics and decision-support (what IBM has called “perpetual planning”) that all companies of size desperately need.

SCRC Meeting: Practical Approaches in Creating Analytics (from People Who Have Actually Done it, Not Just Talked About it)

NC State SCRC

Our upcoming SCRC meeting is focused on how organizations are undertaking practical approaches to creating business analytics. People who are working on real analytics challenges will be sharing some of the lessons learned along the way, and some of the common mistakes to avoid.

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

You can use modeling technology to accurately identify and quantify potential supply chain risks and their corresponding costs, and develop mitigation strategies through scenario optimization and advanced analytics to build resiliency into your operations.

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!

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. Such gaps are often attributed to a lack of data documenting historical spending, contracts, and supplier life cycle performance metrics.

Data Cleansing as the Foundation for Supply Chain Analytics

Supply Chain View from the Field

Many organizations are focused on driving analytics as a foundation for competitive advantage. Often overlooked in this discussion is the importance of establishing a foundation for analytics through the process of data readiness and data cleansing. The DRL is a rigorous metrics-based assessment of the value of data in various states of readiness. Accurate and clean data is critical for any type of analytics or normalization effort.

What are “Analytics”?

Supply Chain Action Blog

Analytics” is one of those business buzz words formed by transforming an adjective into a noun. . The term “analytics” commonly refers to software tools that can be used to organize, report, and sometimes visualize data in attempt to lend meaning for decision-makers. Dashboards – frequently updated displays of performance metrics which can be displayed graphically. Analytics Decision-making Decision Support optimization