Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis. Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance.

Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. The same applies to Procurement.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. A Procurement strategy should be structured with a clearly defined set of goals and an overarching vision. Managing the performance of your Procurement activities is a good way to work towards goals in a methodical and strategic fashion.

Achieving Best-in-Class Procurement

ivalua

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. . A recent Forrester survey on Executing a Successful Procurement Transformation looked at the top challenges to Procurement transformation at each stage of transformation.

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

Supply Chain Nation

With the recent hurricanes that have hit Florida, Texas and Puerto Rico, we’ve seen another practical example where assumptions on carrier capacity are challenged at inopportune times. Large corporations are also hedging on securing capacity, creating more capacity challenges in the marketplace. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas.

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

Supply Chain Nation

With the recent hurricanes that have hit Florida, Texas and Puerto Rico, we’ve seen another practical example where assumptions on carrier capacity are challenged at inopportune times. Large corporations are also hedging on securing capacity, creating more capacity challenges in the marketplace. For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Every decision becomes more impactful based on these metrics. With driver shortages and temperature-controlled capacity at a minimum, transportation itself is a critical element of any supply chain. With foodservice providers shuttered, it’s been an uncertain year for many.

Sustainability : Can Procurement do better than Governments?

EcoVadis

All these projects should also trigger a massive domino effect, as suppliers are required to gather Sustainability metrics from their own suppliers. We are entering a period where international regulations are more and more difficult to agree upon, and where public debt is limiting the capacity of Governments to fund Sustainability initiatives.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Similarly, there is little point in entering collaborations to boost sales if any increase in demand is likely to run into manufacturing-capacity constraints. Improved customer service metrics. Subscribe Here! Email Address.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Guest Blog Post Human Resources Procurement Supply Chain Management Business Freight HumanResources Leadership Logistics SCM supplychainSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Game Changer Job Board!

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Supply chain managers refocus their efforts to increase adherence to perfect order metrics and leverage marketing capabilities and capacities to their fullest potential. Guest Blog Post Human Resources Procurement Supply Chain Management Business Freight HumanResources Leadership Logistics SCM supplychainSubscribe Here! Email Address. Blog post originally published by, and permission to publish here provided by, Adam Robinson on [link].

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos. Due to a shortage in drivers and capacity, truckload shippers’ rates recently jumped to historic highs. Whereas not every organization has big box store budgets for automation, greater efficiency can still be achieved by looking at workflows, procurement, inventory, and storage. Ready or not, the holidays are coming.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The organization, tightly capacity-constrained failed to forecast and build capacity ahead of market demand. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. The two primary buffers in the supply chain are manufacturing capacity and inventory.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

As we head towards what many experts are citing as a 2017 carrier capacity crisis and growing demands from consumers to keep them happy call for shorter delivery cycles, the traditional strategy of procurement cost saving and shipment consolidation opportunities have to be supplemented through innovative solutions, to deliver the best bang for the buck. Creating an Effective Transportation Management Program Run by Metrics.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

We want to make sure that supply chain practitioners, as well as manufacturers, understand how all of these technologies are affecting the entire supply chain, including the supply chain & procurement side of a manufacturing operation. The potential applications of this type of technology can include real-time traffic condition monitoring and warnings, redirecting traffic before pile-ups and accidents occur, similar to Google Maps’ capacity to show traffic congestion in real-time.

Is Inventory Waste or an Asset?

Supply Chain Shaman

Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. There are two buffers in the supply chain: inventory and manufacturing capacity. As assets become more and more utilized manufacturing loses the ability to buffer volatility through manufacturing capacity optimization. In parallel, with more and more manufacturing outsourcing, companies lose the capability to buffer through the use of manufacturing capacity.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Transportation modes used in procurement and shipping. Mostly, this reflects the skills and actual working capacity of employees. Ultimately, performance measurement is a metaphor for tracking any metric in the course of the supply chain , but it's key to being effective is found in transferring the insights gleaned from big data into actionable results.

Why It Matters

Supply Chain Shaman

Their goal was to visualize excess capacity and make it available to enable their sales teams to offer upstream opportunities to their clients. OI has been more focused on transactional efficiency, procurement and IT standardization. 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. It cannot be about singular metrics.

Data-driven: how the Best-in-Class use spend visibility to gain a competitive advantage

Xeeva

Ardent Partners recently published its 14 th annual “State of Procurement” research study, CPO Rising 2019: #ValueExpansion. While collaboration, automation, and other core strategies advance procurement’s overall value and influence, it is within the realm of intelligence that Chief Procurement Officers (CPO) and their teams may find the greatest organizational impact. One group that excels in this capacity is the Best-in-Class. Business Strategy Procurement

How to Recruit and Organize Supply Chain Talent to Unlock Your Supply Chain’s Potential

Talking Logistics

Developing analytical skills and the ability to understand the growing complexity and interdependencies of cost, service, risk, capacity, tax and demand make the analysis of the end-to-end supply chain a demanding position and one that needs constant development. Large enterprises are consolidating the formerly independent functions of procurement and logistics and creating broader supply chain executive functions and responsibility.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Ability to react to weekly schedule variation, reconciling Cums and comparing demand to capacity. Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery. This transaction is represented by the “procure to pay” cycle.

How to Capture Full Divestiture Value with a 3PL

Talking Logistics

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself.

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The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Simply put, he would always have to scramble and pay above market rates to find enough trucking capacity to meet demand. Break down your supply chain functional silos. This advice is not new.

SCM 192

The Top 5 Transportation Management Blogs of 2016 …So Far

Cerasis

Yet, all metrics and scorecards are not equal, and you need to know what metrics should be included in your carrier scorecard. As we head towards what many experts are citing as a 2017 carrier capacity crisis and growing demands from consumers to keep them happy call for shorter delivery cycles, the traditional strategy of procurement cost saving and shipment consolidation opportunities have to be supplemented through innovative solutions, to deliver the best bang for the buck.

CSR Leaders Work With UNGC To Drive Corporate Attention On Supply Chain Sustainability

EcoVadis

This workshop brought together Global Compact LEAD companies and other members convened to define and bring urgency to sustainable procurement, and to discuss how they can motivate and mobilize their companies to address this next frontier in Corporate Social Responsibility (CSR) progress. Capacity building. Today, a lot of procurement departments are still focused heavily on (and rewarded for) the traditional procurement metrics of cost, quality, on-time delivery.

Top 8 software every FMCG company should invest in

Abivin

Cutting costs in transportation has always been a concern for FMCG companies due to the huge capacity and fast-paced movement of the industry. Features: Manage customers, vendors, stocks and inventory replenishment through diverse selling channels, billing, invoicing and full order fulfillment.Start-to-end tracking: the software follows inventory from the initial order to the final delivery.Execute real time workflow and productivity metrics, access real-time inventory visibility.

Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. If you’re a Procurement professional, what was your spend? Procurement? On your resume, make sure to show all those terms and how you worked in those capacities. According to O*NET OnLine, a supply chain manager earns $103,530 per year in average. Are you already on top of your game or there are something holding you back from reaching your fullest potential?

How To 214

Spreadsheets – A Look Back

Kinaxis

A poor procurement choice based on stale data can lead to a decline in profits. You can’t throw more hardware at them to expand their capacity. Their functionality, and charting, has made my life easier many times in managing certification programs, and producing critical metrics data. by Joe Cannata Do you recall products such as VisiCalc, Lotus 1-2-3 and Quattro Pro?

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Letter from the CEO: Coronavirus Market Update

Transplace

Intermodal: Overall rail capacity and drayage capacity are plentiful across the U.S. Intermodal is experiencing an increase in westbound volume and volume within the western region due to a reduction in available over-the-road capacity. Overall, intermodal capacity is plentiful and to this point the rates have not changed to a significant degree. Truckload Capacity. Bulk tank truck capacity at its core remains the same over the last two quarters.

COVID 19: Supplier Partnerships, time to break the taboo

Proxima

If strategic sourcing creates value and transactional procurement locks in that value, then we know that a critical part of strategic category management is not only value creation, but an end to end understanding of the total cost of ownership. The only way to understand total cost is to digest quantitative and qualitative metrics about goods and services procured, but also about the suppliers providing them. We are, all together now, in the throes of crisis.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

It can be defined as below, “Sales and Operations Planning (S&OP) is an aggregate planning process that determines the resource capacity a firm will need to meet its demand over an intermediate time horizon—6 to 12 months in the future. Order Fill Rate is the hardest metric because you have to ship every item in the same order at the same time. Then you have to be more specific which service level or fill rate metric you are talking about. What is Inventory Control?

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

There are systems directors in both the procurement and logistics/planning teams. The team also leverages insights from university research centers and consulting groups, including CAPS Research, MIT, XEM, Gartner, ProcureCon, and Procurement Leaders, to ensure they are connected to emerging ideas. There is a fine line between investing too little in capacity that would leave money on the table, and investing too much in capacity that would incur a waste of investment dollars.

3PLs and the Trials of COVID-19

Supply Chain Nation

maximum room capacities and the spacing of work areas). Ongoing network imbalances, shifting channel demand, and the distortion of key metrics such as on-time in-full (OTIF) will increase costs and further erode performance. By Kirk Waldrop & ElMarie Hugo. Blue Yonder is committed to helping its customers face the unexpected.