Supply Chain View from the Field

APRIL 1, 2015

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. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Precoro

DECEMBER 11, 2023

Company priorities extend far beyond just the purchasing price, so strategic sourcing also considers the following factors: Delivery price Delivery speed Quality and durability Servicing requirements Regulatory compliance Innovation These factors should be weighed against each other, as well as against the purchasing price.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Insights

JULY 23, 2017

Benchmarking. The first step to building a guiding a coalition is benchmarking. We are offering three types of benchmarking: planning, financial and organizational. Use our Metrics That Matter methodology to look at improvement and performance. The seven on-line classes are: Supply Chain Metrics That Matter.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Talking Logistics

NOVEMBER 17, 2015

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. McKinsey & Co., What is OTIF?

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Focus on the Metrics. Several essential supply chain KPIs and metrics can provide supply chain managers with the data they need to communicate network value to executive leaders effectively.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

This post is , part of a series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Why Do Truckload Rate Benchmarks Matter? Accurate truckload rate benchmarks depend on insight into current loads and market behavior. Pinpoint Market Rates.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 249

Case Study Inventory Reduction Agile and Lean Supply Chain Study 249

Logistics Viewpoints

SEPTEMBER 4, 2023

A 95% on time delivery metric – very high performance – is just not good enough for Simmons. They learned that Emerge could do more, they had an innovative freight procurement solution. The solution can be used to benchmark whether Simmons is paying below, above, or at market for their moves on a particular lane.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Supply Chain Shaman

JULY 9, 2013

This research was the backbone of the Supply Chain Metrics that Matter series of reports. Instead, they have measured functional metrics or focused on projects. I believe that customer service is a critical metric and a key element of managing a complex supply chain system. The Building of the Index. What do I mean?

Supply Chain Software 203

Supply Chain Software Supply Chain Modeling Modeling Software 203

GlobalTranz

JUNE 15, 2017

The tools and techniques of Six Sigma put team’s heads together and stimulate innovation. It for sure requires some degree of self-organization and discipline, but it also creates a perfect ground for resourcefulness and innovation. With an application of statistical methods, the causes of errors are reduced or are eliminated.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Supply Chain Shaman

JUNE 9, 2016

Today technologies allow the delivery on the promise, but ironically, as technology capabilities improve and innovation to create new solutions explodes, the ownership structure is becoming more conservative. We are just now starting to see innovation return to JDA and GXS assets under OpenText ownership. The Promise of Innovation.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

MIT Supply Chain

APRIL 3, 2014

New benchmarks for excellence. While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. Here are some highlights from his talk. Big Data’s big impact.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Automation is focusing on risk management, driving innovation, improving cash and increasing revenue.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

JULY 24, 2015

A constant focus on innovation at all levels. For me, this means that the supply chain must innovate. We need to be the most INNOVATIVE area of any business. It has to look outside of itself for the best benchmarked ideas to bring inside. The ability to fail successfully. What is Supply Chain Excellence?

Supply Chain Design Software 150

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Design Supply Chain Planning Software 150

Talking Logistics

APRIL 27, 2015

Is it innovation, flexibility, or a combination of those factors? Fundamentally, these and other metrics are key to understanding how to segment your supply chain, develop strategies, and then execute those strategies effectively. How predictable is your demand and supply? Is it service?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Intelligent Audit

JANUARY 17, 2023

The results came from delivery consultancy ShipMatrix, whose annual review of the parcel delivery industry has become a benchmark for carrier performance. . As rates continue to fall, industry metrics are beginning to reflect a new reality for the transportation market. Vice President of Innovation and Automation.

Cost Reduction Strategies 52

Cost Reduction Strategies Logistics Network Optimization Software Vendor Strategies Supply Chain Planning Software 52

Talking Logistics

JANUARY 28, 2015

I also spoke with him about leveraging the right metrics and carrier scorecards to manage performance and using technology to enable smart and efficient processes. That includes historical performance plus industry benchmarks. That comes back to clear, consistent communication and defining metrics effectively.

Transportation Management 100

Transportation Management Price Reduction Cost Reduction Strategies Transportation 100

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) I never calculated and accounted for the inter-dependencies between metrics.

Procurement Analytics 320

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 320

Supply Chain Shaman

MAY 3, 2015

We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. This type of benchmarking is the most powerful in the comparison of like competitors. Gain an understanding of what is a digital supply chain, and learn more about the capabilities of new technologies to drive innovation.

Inventory Reduction 150

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

NC State SCRC

JUNE 27, 2017

It will not determine the extent of deployment across different business units, but could be used to benchmark performance across business units. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). > Procurement – Metrics – Cost of proc/TC of raw materials. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Shaman

APRIL 6, 2015

Gain an understanding of what is a digital supply chain, and learn more about the capabilities of new technologies to drive innovation. This is the place where supply chain innovators talk to supply chain visionaries. Digital Supply Chain. Network with Leaders. It is unlike any other conference. We hope to see you there!

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Planning 150

EcoVadis

MARCH 31, 2017

The following table gives some examples of criteria that can be taken into account during a CSR assessment: Actionable, Benchmark-able Metrics and Insights . If they perform above the benchmark, this can be used as the basis for recognition such as supplier awards, or in more advanced cases eligibility for preferred supplier programs.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

EcoVadis

SEPTEMBER 4, 2019

39 percent of all companies surveyed struggle with tracking supplier performance, which is foundational for benchmarking progress and motivating suppliers to be more responsible, which given the various tools on the market today, could mean many companies aren’t looking at the bigger picture and are stuck in a compliance trap. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. I am often asked to benchmark demand. Technology change is moving faster than process innovation. Let’s take an example.

Supply Chain Design Software 250

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

Intelligent Audit

DECEMBER 22, 2020

Better customer service and feedback cycles derive insights from the full shipment lifecycle track and aggregate a better supply chain strategy through metrics-driven management. Increase Transportation Optimization With the Right Freight Data Analytics Tools and Partnerships.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Talking Logistics

JULY 2, 2014

Mobilecast On Track , “a low cost, durable, phone-based solution designed specifically to help track your mobile resources and provide metrics for management.”. Simply put, until recently, Roadnet has chosen to follow in this area rather than lead.

Conference 142

Conference Optimization Software Supply Chain Design Software Analytics Software 142

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. E2open has come up with an innovative way of doing this. I look forward to this study every year. 2020 was different.

Inventory Reduction 221

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 221

GlobalTranz

APRIL 8, 2015

New, innovative technology platforms have greatly sped the expansion and evolution of transportation as well as logistic solutions. This also assists with reporting and benchmarking purposes as the data will provide business intelligence. This information can then be shared between the users within the network.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

Logility

JUNE 20, 2017

This is an urgent issue for corporations to address, since the gap stymies growth, dampens innovative ideas and programs, and limits problem solving on a day-to-day level. This means that supply chain needs the sharpest talent to fill all this demand and to operate as innovatively and optimally as possible. We have arrived!

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 119

EcoVadis

SEPTEMBER 12, 2019

Supplier rating and engagement platforms make it easier to benchmark, compare, monitor and measure supplier progress on key sustainability criteria. Another 35 percent of leaders said revenue growth for sustainable offerings was greater than the rest of their business, compared to 18 percent of the general population. Technology is a must.

Optimal Sourcing 40

Optimal Sourcing Sustainability Procurement Supply Chain Planning Software 40

Supply Chain Shaman

JUNE 6, 2015

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow. Technology invention is happening, but the translation to innovation is slow.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Tompkins Blog

APRIL 15, 2014

We found that the better the level of alignment, the more likely it is that companies are achieving their objectives for cost reduction, customer service, and other metrics,” explains Bruce Tompkins, executive director of the Consortium and author of the report. Click here to download the report and receive additional information.

Inventory Reduction 46

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 46