Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2

Cerasis

This is part two of the Top 10 Metrics to Track and Manage Risk in the Supply Chain article. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2 appeared first on Transportation Management Company | Cerasis.

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric?

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6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1:

How to Establish Early Warning Supply Chain Metrics

Arkieva

The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics. How to Establish Early Warning Supply Chain Metrics was first posted on October 11, 2017 at 10:00 am. ©2017 If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. In recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains.

Top Logistics Articles of 2015

Cerasis

We continue our top articles from each of our main 5 categories today by covering the top 10 logistics articles that were the most viewed in 2015. Each of these five include several sub categories for more specific articles, such as the TMS category under Transportation Management. In our series, we first created the top manufacturing articles list, followed by the top supply chain articles list. Top Logistics Articles of 2015.

Supply Chain Metrics To Avoid Before It's Too Late!

Supply Chain Opz

Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. It''s the inventory metric).

Most Read Manufacturing Articles of 2015

Cerasis

It is that time of year again where we feature the most viewed articles on the Cerasis blog in each of the six main categories we write about: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. . As we are nearly just a week from Christmas, the marketing department likes to take a look back at some of the articles written by Cerasis and contributing authors to see which specific subjects sparked the most interest. Read the full article by clicking here.

50 Most Read Articles of All Time in Manufacturing, Supply Chain, Logistics, Transportation, & Freight

Cerasis

Since today is the last day of the year before we all get ramped up towards a productive 2016 and after finishing out top 10 most read articles in each of our five main categories ( Manufacturing , Supply Chain , Logistics , Transportation , & Freight ) we wanted to give you all a treat and list the top 50 most read articles of all time from the Cerasis blog. 50 Most Read Articles of All Time From the Cerasis Blog. Happy New Year!

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. Reward teams for cross-functional metrics.

Common Sense Warehouse Performance Metrics for Supply Chain Benchmarking

Logistics Bureau

Some Common-sense Warehouse Benchmarking Metrics. In this post, you can discover some common-sense warehouse metrics that should probably be included in your project, regardless of whether you are benchmarking internally or externally. Other Warehouse Performance Benchmarking Metrics.

Emerald Citation of Excellence 2013 for supply chain innovation article

Supply Chain View from the Field

I learned today that one of the articles I published with colleagues from the University of Tennessee, Oxford University, and Manchester University was cited for the 2013 Emerald citation of Excellence award. With 15,000 article abstracts published in these journals annually, receiving a Citation of Excellence is an extraordinary achievement and represents one of the highest accolades that an author can achieve.

Top 10 Demand Planning Metrics You Should Have on Your Dashboard [Infographic]

Arkieva

To stay ahead of the curve, effective demand planners must track the right metrics that can help curtail possible demand planning issues ahead of time. Top 10 Demand Planning Metrics You Should Have on Your Dashboard [Infographic] was first posted on January 29, 2019 at 2:07 pm. ©2017 If you are not reading this article in your feed reader, then the site is guilty of copyright infringement.

The Most Popular Supply Chain Cowboy Articles of 2014

Supply Chain Cowboy

Below is a list of our five most popular articles from the past year: Number 5 – How Skullcandy Rocked S&OP. The article received a lot of positive social media attention, especially from people passionate about US-based manufacturing and small business entrepreneurs. If anyone in your organization tracks packages, then they’ll definitely want to take a look at this article. Here’s a sneak peak to a few articles and podcasts coming in the next couple months.

Why Demand-Driven Manufacturing is Focused on Metrics for Action

synchrono

Demand-driven managers know that having too many metrics leads to conflicting measurements. We call these Metrics for Action. Metrics for Action. Metrics for Action are not intended for overall business analysis or for simply reporting. Driving Continuous Improvement.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. I laughed when I read a recent article by the new CTO of JDA. Definitions: Provocateur.

Wanted: Supply Chain Architects!

Supply Chain Shaman

For the purposes of this article, I define the processes of network design as the use of analytic tools to model and optimize the supply chain. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

The Most Important Metric for Increasing Revenue

Unleashed

Average Order Value (AOV) is one of the few important metrics for businesses to analyse and track to gain an understanding of their current revenue and how they may increase it. In this article, we consider closely what AOV is and how to use it to increase your bottom line. Tying conversion rate and Average Order Value together is the revenue per visit (RPV) metric which aims to quantify how much each visit to your website earns the company.

Sage Advice? Only for Turkeys.

Supply Chain Shaman

I am currently writing an article on supply chain excellence. The only metric that we have improved through ten years of IT investments is the revenue/employee number. This week, I am grounded due to weather. So, I am spending my time writing.

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Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Key Process Indicators vs. Metrics. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). Only the most important metrics can grow up to become KPIs.

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Performance Measurement Systems in the Era of Turbulence

SCM Research

Our new article, titled Accounting for External Turbulence of Logistics Organizations via Performance Measurement Systems (Supply Chain Management: An International Journal, Vol. The article was co-authored by Andreas Bühler, Carl Marcus Wallenburg and me. If you do not have access to the article, the accepted author manuscript can be downloaded for free at Copenhagen Business School’s Research@CBS platform (click on the document in the green box there).

System 110

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

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.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Article, and permission to publish here, provided by Sam Jenks at [link]. procurement #purchasing #metrics #highperformance. Guest Blog Post Procurement Supply Chain Management highperformance Metrics PurchasingSubscribe Here! Email Address.

5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System

Arkieva

If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Supply Chain Supply Planning importance of supply chain performance measurement supply chain kpi performance indicators supply chain performance indicators supply chain performance management supply chain performance measurement supply chain performance metricsSetting up a supply chain performance measurement system?

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

NC State SCRC

We created a visualization platform to focus on internal operational, and customer-facing metrics, which is NOT part of R&D’s scope of work – so we not on your turf.” This metric moved the number from 45% to 70%.

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

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday.

7 Principles of Supply Chain Management Explained

Supply Chain Opz

The good news is, this article will explain to you the key principles of supply chain management that you can finish within 5 minutes. At that time, SCM was a pretty new term so this article did the excellent job to explain the important supply chain management principles in one shot.

Hospital Supply Chain Management Software: 8 Features You Need

Hybrent

This allows you to access metrics and detailed spend analysis quickly and easily, allowing you to gain insights and make decisions to optimize your business. Blog Articles Hospital Supply Chain Management Supply Chain Solution

Amazon Is Being Blasted by a Watchdog Group Over China Echo Factory Conditions

Supply Chain Brain

Read full article. High-Tech/Electronics Global Supply Chain Management HR & Labor Management Quality & Metrics Retail E-Commerce/Omni-Channel Supply Chain Security & Risk Mgmt. The New York-based China Labor Watch released a report at the weekend following a nine-month investigation of working conditions at a factory in the city of Hengyang owned by Hon Hai Precision Industry Co., the company known as Foxconn, which manufactures products for Amazon.

IBM Will Marry Its New Verifier to the Blockchain, Transforming Diamonds, Olive Oil and Insurance

Supply Chain Brain

Read full article. High-Tech/Electronics Food & Beverage Quality & Metrics All Logistics Global Logistics Transportation & DistributionCalled a crypto anchor verifier, the technology, which is part artificial-intelligence software, part insanely sophisticated, internally developed lens, can see the cells of animals and distinguish between them.

U.K. Just Now Asks Business to Map Supply Chain Ahead of Brexit

Supply Chain Brain

Read full article. Quality & Metrics Regulation and Compliance SC Analysis & Consulting All Logistics Global Logistics Transportation & Distribution All TechnologyOne of the people expressed bafflement that it’s taken so long for the government to ask for the data.

In Congo Outbreak, Ebola Vaccine Faces Cold-Chain Reality Tests

Supply Chain Brain

Read full article. Global Supply Chain Management Humanitarian Logistics Quality & Metrics Supply Chain Security & Risk Mgmt. Because it is not yet licensed, the Merck & Co vaccine has been offered to Congo under a “compassionate use” protocol agreed by national and international health and ethics authorities. This means fully informed, signed consent is needed from every person who wants the shot.

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Why Samsung Might Turn to Blockchain for Its Global Supply Chain

Supply Chain Brain

Read full article. Business Strategy Alignment Global Supply Chain Management Global Trade & Economics Quality & Metrics Supply Chain Security & Risk Mgmt. Speaking to Bloomberg in an interview published last month, Samsung blockchain chief Song Kwang-woo said that the company will decide soon whether the use the blockchain ledger to manage its supply chain shipments across the world.

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Can Blockchain Fix the Opioid Epidemic? Intel Wants to Find Out

Supply Chain Brain

Read full article. Global Supply Chain Management Quality & Metrics Regulation and Compliance Supply Chain Security & Risk Mgmt. Now Intel Corp. and the pharmaceutical industry are planning to fight fire with fire. The chipmaker, working with health companies, aims to use so-called blockchain technology — similar to the one that underpins the digital currency Bitcoin — to better trace drugs and potentially stem the epidemic.