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Supply Chain Improvement is based on the work that we completed with an Arizona State University Operations Research team to determine the Supply Chain Index. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics.
I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. They also enable the evaluation of networks for both sales and procurement relationships to optimize the flows upstream and downstream. We hope to see you there!
Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. I thought the primary issues were between commercial teams and operations.
We have found that supply chain metrics are gnarly and complicated.During The Index is a methodology developed by Supply Chain Insights LLC, in cooperation with the Operations Research Team at Arizona State University (ASU), to gauge supply chain improvement. We named it the Supply Chain Index. Our aim was to maintain a 3 to 3.5
Walmart previously scaled back its drone deliveries in 2024, when it ended the service in Utah, Arizona and Florida, in favor of focusing on remaining operations in Dallas-Fort Worth, Arkansas and Virginia. Eligible products include fresh produce, household essentials and various snack foods.
Administration are becoming either a noted concern or inventory hedging opportunity area for global based manufacturers and materials procurement teams. percentage points in inventory levels which were the fastest rate of expansion for this metric since June 2022. import tariffs, including likely retaliatory tariffs.
Taiwan Semiconductor Manufacturing (TSMC), the company that makes the majority of latest-generation chips for Apple products, has committed to increasing capacity by spending $100 billion across the next three years, and building new factories in Arizona and Japan. Wall Street Journal ). Deloitte Global). Wall Street Journal ). Deloitte ).
The Logistics Managers Index Report® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a September value of 61.4,
There are a lot of hard-headed realists in the procurement and supply chain profession. One of those voices is Hitendra Chaturvedi, professor of practice in supply chain management at Arizona State University’s W. Chaturvedi: So far this year, Ohio, Arizona and Tennessee have seen the most job announcements associated with reshoring.
not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Supply Chain Matters highlights this week’s release of the U.S. Logistics Managers Index (LMI) that dropped to an all-time low for May 2023. Consequently, transportation prices reportedly declined 8.9
According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.
The Logistics Managers Index Report ®, compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a July 2022 value of 60.7,
The Logistics Managers Index Report ®, compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported an April 2022 value of 69.7
Another highlight was a presentation by Dr. Robert Handfield from NC State and Dr. Thomas Choi from Arizona State University, taking an in-depth look at counterfeiting in the supply chain. The procurement function has experienced much growth over the past 15 years and is viewed as an enabler of driving innovation and change.
Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.
Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. The Effective Frontier: Balanced Scorecard Developed Through the Work with Arizona State. The result?
My journey to understand supply chain Metrics That Matter started three years ago. We are currently working with Arizona State University (ASU) to use advanced operations research techniques to understand the patterns in our database of 52 supply chain financial ratios for the period of 2006-2013. I want to help. My energy is high.
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