Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. Benchmarking is not Benchmarking. There are many different meanings/understandings of the term supply chain benchmarking in the industry. Figure 1: Supply Chain Planning Benchmarking Methodology Overview.

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important? Benchmarking is common practice across many different industries. What is the Goal of Benchmarking?

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Metrics that Matter: Manufacturing Performance Benchmarking

QAD

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important? Benchmarking is common practice across many different industries. What is the Goal of Benchmarking?

2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. The study encompasses over $250 billion in annual sales from global manufacturers across a variety of industries, including consumer packaged goods, food and beverage, animal care, chemicals, and oil and gas. What does best-in-class forecasting and inventory management look like?

Top 10 2020 Manufacturing Trends

IQMS

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. Sustainability is manufacturing’s greatest inflection point of 2020.

The 5 Benefits of Virtual Reality in Manufacturing

Cerasis

For manufacturers, virtual reality represents a major breakthrough in how products are created. Let’s take an in-depth look into the world of virtual reality, what’s holding it back, and why manufacturers are looking to virtual reality in manufacturing. Virtual reality in manufacturing is referred to as “digital design, simulation, and integration. What Are the Hindrances to Use of Virtual Reality in Manufacturing? How Does Virtual Reality Benefit Manufacturers?

Is Inventory Waste or an Asset?

Supply Chain Shaman

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. There are two buffers in the supply chain: inventory and manufacturing capacity.

10 Ways Manufacturers Can Reduce Manufacturing Costs

Unleashed

The best way to reduce costs in a manufacturing business is to target the three areas in which costs generally fall: direct labour, materials, and manufacturing overheads. What are manufacturing costs? They include direct labour costs, material costs, and manufacturing overheads.

The drive to measure OEE: benchmarks, business goals and more

Seebo

We compiled benchmarks for OEE in manufacturing today: What's driving OEE, where different industries stand, and what measures manufacturers are taking to improve operational efficiency. The post The drive to measure OEE: benchmarks, business goals and more appeared first on Seebo Blog.

BI in Manufacturing: 3 Realistic Steps to Data Mastery in 2020

Unleashed

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. To survive, manufacturers – with their long lead times, and vulnerable supply chains – must be laser-focused on the metrics that matter; able to respond rapidly as conditions change. Here are three realistic steps manufacturers can take for data mastery in 2020.

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Reduce Costs: Invest In Talent

Supply Chain Shaman

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. Despite all the ads at airports and pretty powerpoints by consultants, we cannot find support for the claims of “Best Run Companies Use Technology X” or “Manufacturing Companies Using Consulting Services With Company Y Have Better Results.” Employees working for technology providers or academics are more satisfied that employees working for manufacturers.

Misnomer

Supply Chain Shaman

Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true.

How Product Labelling Can Help Manufacturers Increase Efficiency and Accuracy

Unleashed

Manufacturers today are faced with a range of evolving requirements that complicate this process and leave many businesses merely accepting this process as the cost of doing business. Although not new, product labelling and barcodes do not reach their complete usefulness if not used in tandem with a manufacturer’s entire operations. Many manufacturers have started to follow suit. Product labelling can be a complex process.

Monitor Machine Performance With Manufacturing Process Monitoring Software

IQMS

Bottom Line: Capturing machine process and measurement data with real-time process monitoring helps manufacturers improve quality and compliance, while also increasing production yields and shop floor productivity. Manufacturers are continually faced with the challenges of improving time-to-market while reducing production costs and increasing quality. Using Real-Time Process Monitoring To Create A Manufacturing Fitness Plan.

Overcoming Retailers Delivery Requirements with Data Reporting

Transplace

To help meet the increasing demands from retailers put on today’s CPG shippers, Transplace has created The Weekly Supplier Performance Benchmarking Report. Are you interested in receiving The Weekly Supplier Performance Benchmarking Report in your inbox? Overcoming Retailers Delivery Requirements with Data Reporting . By: Mark McEntire, Senior Vice President of Operations, Transplace.

[Infographic] Manufacturing Content Marketing Increases Over Last Year

Cerasis

Editors Note: Today's blog is from our friends at Fronetics who report their takeaways regarding manufacturing content marketing in 2016. Here are four key takeaways from the manufacturing content marketing report. The Content Marketing Institute (CMI) has released the results of its annual manufacturing content marketing survey, and there have been some big changes since last year. 4 takeaways from the CMI manufacturing content marketing report.

The State of the Health of The US Manufacturing Sector & Manufacturing Technology Orders

Cerasis

In this blog, Andy discusses the health of the manufacturing industry, manufacturing technology orders, and setting benchmarks for company performance. The State of the Health of The US Manufacturing Sector & Manufacturing Technology Orders. At Wenzel we watch the PMI ( Purchasing Managers Index ) and the USMTO (United States Manufacturing Technology Orders) numbers and compare them with our own performance. Manufacturing

Sit Back or Lean In: The Options for Furniture Manufacturers Facing Impending Tariffs

CHAINalytics

Consumer goods and electronics manufacturers are busy figuring out what they’re going to do in December when President Donald Trump’s 10 percent tariff on an estimated $300 billion worth of Chinese imports takes effect. But that duty will impact much more than the highly publicized cell phone and laptop market — furniture will also be … The post Sit Back or Lean In: The Options for Furniture Manufacturers Facing Impending Tariffs appeared first on Chainalytics.

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Trends and Predictions 2020: Manufacturing

Enterra Insights

Thanks to the Trump administration’s trade wars, IDC analysts note, “Costs throughout the manufacturing value chain are seemingly impacted every day. The uncertainty appears likely to continue into 2020, and thus manufacturers’ optimism has experienced a noteworthy setback. … The coming year promises to be an ever-changing environment for manufacturers as they try to regain their footing amidst continued volatility in costs and policy decisions.”[1]

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Supply Chain News on Manufacturers are from Mars, Retailers from Venus Part 2

Supply Chain Digest

SCDigest Dan Gilmore Highlights Key Results from our New Benchmark Study on Retailer and Vendor Supply Chain Relationships

New Survey from JDA and KPMG Highlights Top Drivers and Inhibitors of Supply Chain Investment

Supply Chain Nation

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). During the Executive Exchange, JDA and KPMG released an exclusive preview of the findings from the new survey, Digital Supply Chain in Retail & Manufacturing: A State of the Industry Benchmark , conducted by Incisiv. Manufacturers’ Investment in the Supply Chain.

Two thirds of ‘Retail Winners’ identify real-time supply chain visibility as a strategic focus area

Manufacturing & Logistics IT

Symphony RetailAI, the provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and CPG manufacturers, has announced the findings of a new benchmark report, ‘The Retail Supply Chain: Designing New Ways to Satisfy Demand

New Survey from JDA and KPMG Highlights Top Drivers and Inhibitors of Supply Chain Investment

Supply Chain Nation

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). During the Executive Exchange, JDA and KPMG released an exclusive preview of the findings from the new survey, Digital Supply Chain in Retail & Manufacturing: A State of the Industry Benchmark , conducted by Incisiv. Manufacturers’ Investment in the Supply Chain.

Trust, But Verify

Supply Chain Shaman

When I joined the world of software as a business analyst from manufacturing, I was naive. Demand demand driven Digital Supply Chain planning benchmarking decision support demand planning Sales and operations planning Supply chain planning user satisfaction warehouse planningHow so? I never fathomed the amount of money that commissioned software sales personnel make selling software. This high level of compensation drives extreme behavior.

How the best shippers manage capacity challenges

DAT Solutions

Headquartered in Saukville, WI, Charter manufactures steel coil, which is transported to customers’ factories on flatbeds or in vans. Best Practices and BenchmarksWhat can shippers do to make their freight attractive to carriers? Three shippers answered that question during a panel discussion at the 2018 DAT User Conference in Portland, OR. Here's what they had to say.

How the best shippers manage capacity challenges

DAT Solutions

Headquartered in Saukville, WI, Charter manufactures steel coil, which is transported to customers’ factories on flatbeds or in vans. Best Practices and BenchmarksWhat can shippers do to make their freight attractive to carriers? Three shippers answered that question during a panel discussion at the 2018 DAT User Conference in Portland, OR. Here's what they had to say.

Is Business ‘Transformation’ a Dirty Word?

QAD

I think that many companies, especially in the manufacturing world, have come to mistake the “blind task” or “haircut” cost-cutting approach for transformation. Unfortunately, many companies involved in M&A simply hand down a benchmark driven task. ” If one is running around with benchmarks and has no pathway to achieve the benchmark, then failure is all but certain. . Most companies do not truly want to transform.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Free Supply Chain Benchmarking Chapter. Using KPIs for performance measurement ensures that you are always evaluating your business activity against a static benchmark. Production/manufacturing. Here at Logistics Bureau we have 20 years of experience in assisting clients with Supply Chain Benchmarking, and the development of suitable KPIs. We have benchmarked almost 1,000 Supply Chains! Some More KPI Related Pages: At Benchmarking Success.

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[INFOGRAPHIC] Optimize Manufacturing Operations with these 5 Golden Manufacturing Metrics

Cerasis

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. Our job at Cerasis is to optimize transportation management for these manufacturing shippers so that in turn, they can focus on their own core, the process of manufacturing. We relay on guest bloggers and the expertise of others for manufacturing best practices.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

One of the challenges in the agribusiness sector, as research from the Netherlands has shown, is to resolve the mismatch between famers and manufacturers, and between manufacturers and customers, about what is important and therefore what should be measured. Manufacturing will monitor unit and labour costs, labour and plant productivity, quality and output, to name some common metrics. Why measure the performance of a supply chain?

Supply Chain Graphic of the Week on Retail Chargeback Headed Up, not Down

Supply Chain Digest

SCDigest Benchmark Study Finds both Retailer and Manufacturers See Chargebacks Rising, not Falling

Maximize Efficiencies With Overall Equipment Effectiveness (OEE) Software

IQMS

A leading plastics global plastics manufacturer has standardized on Overall Equipment Effectiveness (OEE) as one of their primary metrics based on its proven value in stabilizing every production machine on their shop floor.

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. It has about 6 million components which are manufactured in 30 countries by 550 unique suppliers. Best practices Demand management General News Supply chain collaboration Supply chain management Aerospace Kinaxis Lockheed Martin Manufacturing Sales and operations planning Supply chain Supply Chain Insights by Bill DuBois.

Auto Manufacturers, Supply Chain Sustainability and Conflict Minerals

EcoVadis

A critical issue for the automobile manufacturing industry, especially for those with SEC financial reporting requirements in the United States, is compliance with the Dodd-Frank legislation, or in other words, the soon to be finalized Conflict Mineral regulation. In a broader sense, automobile manufacturers are maturing and taking actions to take into account Corporate Social Responsibility (CSR) criteria in their supply chains. “If you want to go quickly, go alone.

Sustainable Supply Chain Initiative Opens Public Consultation

Material Handling and Logistics

The Consumer Goods Forum’s Sustainable Supply Chain Initiative (SSCI) has opened the global public consultation of its first set of benchmarking criteria and is inviting all stakeholders to participate in this public consultation ahead of the official launch later this year.