This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.
This uncertainty makes dynamic inventory replenishment optimization essential for business success. Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market.
Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. Writing a book is a labor of love. It is my second book. To give readers a sneak peek for the book, here I share my interview with Peter. How do you define the metrics that matter?
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
Reason #6 Not effectively managing inventory. 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. There can be multiple reasons.
Among Tier 1 retailers and logistics service providers, AI is embedded in planning, inventory control, and exception resolution. Improvements in fill rate and inventory turnover are typically incremental but statistically significant when applied at scale. shifting macroeconomic indicators). OAuth2), and throttling.
Last week, I held my new book in my hand. I am now an author of my third book. Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” The book is a story of a fictional client by the name of Joe. The smell of ink is intoxicating.
Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Don’t fool yourself.
When I wrote the book Bricks Matter , I wanted to write a celebratory book on why the adoption of new technologies and practices in supply chain had improved corporate performance. Resiliency is the pattern at the intersection of operating margin and inventory turns. But the data could not support the promise.
The genesis started with the writing of the book Bricks Matter. The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. Sadly, while writing the book, I found that this was not the case. We want to get it right. Definitions.
Ocean booking cancellations. Form and socialize your own hierarchy of metrics. Design your supply chain with a focus on the form and function of inventory. Here is the metrics framework that I am using at present in my outside-in classes. Shifting sands. Price increases. Decline in consumer confidence.
Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. What did we find?
If you ask companies if they would like better inventory and global supply chain visibility, you will get an overwhelming answer of, “Yes!” If you miss reading the Shaman in the next few weeks and you want some new reading in the area of supply chain excellence, consider tucking my new bookMetrics that Matter into your suitcase.
Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). A focus on functional metrics throws the supply chain out of balance.) It seems easy, right?
I also continued to work on the manuscript for the bookMetrics That Matter to publish in the fall of 2014. The book is now a very worn manuscript. The average client that has implemented demand sensing technologies has reduced inventory by 11%. This is a networking group that meets by phone once a month.
It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. It will be nice to be home and to have time to write on this second book, Metrics that Matter.
Integration of corporate social responsibility metrics in planning. There is a lack of clarity on what drives value and metrics are functional. Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Functional metric orientation.
It is tough for me to see that nine out of ten companies are stuck, and not making progress, at the intersection of operating margin and inventory turns. In addition, I am now done with the page proofs for my new book, Metrics that Matter. The book is a story. The book publishes in December 2014.
What inventorybook can help you to cut inventory costs? In this article, we will show you 10 best inventorybook that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.
We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field. From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!
I have taken myself off the road to write the bookMetrics That Matter. Let me just state for the record that “Saying that you are going to write a book, is far more exciting than writing one.” Writing the book is helping me to get perspective. It is tedious. I find it easier to write in the winter.
Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). What inspired you to write your book? I started writing what became Bricks Matter, the first book I wrote. I realized I couldn’t write the celebratory book.
It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. We have found that nine out of ten organizations are stuck on their ability to make improvements on both operating margin and inventory turns in the same year. .” As I shuffle along, I am not sure. I shake my head.
Transportation metrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supply chain professionals. The NTIL is based on an average of booked spot dry van loads from 250,000 lanes. Inventory costs (78.4) The overall LMI came in at 59.4 slowed by 5.5
How are companies rethinking their liquidity management strategies in response to the recent degradation across major working capital metrics? In the wake of economic uncertainty, many companies have experienced a degradation in key working capital metrics.
While reading The Goal, I make more connections between the books key lessons and what we put into practice here at Quintiq. Not because he lacks vision, but because he has been focusing on the wrong performance metrics for too long. In the last pages of the book, Alex faces the problem of moving bottlenecks.
The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. The Business Problem. The analogy is weight loss.
As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Inventory Turns and Sales-to-Inventory Ratio. DSO – Days Sales Outstanding.
Focus the organization on understanding the “probability and patterns of demand” and how to design push/pull decoupling points, supplier networks and inventory buffers to improve agility (focusing on form and function of inventory in the supply chain). Next week, I will be writing on my new bookMetrics That Matter.
FreightWaves has announced that Leland Miller, CEO of China Beige Book International, will deliver a keynote address at the upcoming Future of Freight Festival (F3) this November. At the heart of Miller’s work is the China Beige Book, a groundbreaking data analytics platform modeled after the U.S.
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. We feel so strongly about this that we do not have an inventory planning role.”
In this article, we compare 2 books and tell you which one is the best negotiation book. Do You Need Negotiation Book? In this article, we will talk about 2 books for negotiation and persuasion from 2 different perspectives as below, 1. In short, you really need to read this book for you want to negotiate to succeed.
We have been taught, as supply chain leaders, that over the last decade supply chain processes have improved costs, shortened cycle times, improved customer service and decreased inventory. ” When I first started working on the book Bricks Matter , I believed it too. I sadly found that this was not the case. Facing the Issue.
I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. It is morning in Orlando. The sun is rising. It will delay my report.
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.
I also believed that this company would have the best inventory and customer service. It is one of the primary reasons why nine out of ten manufacturing companies are stuck at the intersection of operati ng margins and inventory turns.” My favorites are customer service, operating margin, inventory turns, and ROIC.
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.
This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value. We enjoy writing them!
Inventories can become obsolete or exceed the anticipated demand. So this section will explain some characteristics of Apple Supply Chain through various metrics and compare them with Amazon Supply Chain. Inventory Turnover. Supply chain professionals also use this metric in inventory management function.
As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns. So, what can we learn?
Here is the list: Supply chain technology implementations have reduced inventory. However, based on the research for the book Bricks Matter , I now sadly know that only one of these statements is true. Here they are: The Lie of Inventory Reduction. ” I played three lies and a truth with the group. The reason?
In this article, we rank books based on their influence, popularity, recency and practicality and then we come up with the list of the best supply chain books. Finding Best Supply Chain Books We've found that most recommendations for on the web are based on just personal opinion. A number of citations of the books are collected.
For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. For each metric we show the averages and the percent change from the beginning and end of the period. Inventory Turns.
Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. Logistics Book Ranking Factors To provide the book recommendations, first, we collect the name of the books that appear on Amazon.com.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content