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

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. 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.

Time for a Supply Chain Metrics Cleaning

Logility

Wait, it’s not spring; but does that mean you have to wait another eight months to review your supply chain? Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?” However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? Monitor Warehouse Capacity.

Modern Metrics

synchrono

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Inventory Turns, On-time Delivery and Fill Rate provide an overall indication of Operations and Supply Chain health, while other metrics such as Schedule Adherence, Supplier Quality and Yield provide more localized insight.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. The Sam’s Club and Costco shortages of water, toilet paper and laundry products signals one thing for me: the spread of the virus will disrupt every supply chain. As markets shift, supply chains struggle to adjust. The order is a poor proxy for demand and few supply chains have access to consumption data.

Preparing Your Supply Chain for Capacity Challenges

Transplace

Preparing Your Supply Chain for Capacity Challenges. And while capacity has loosened in the first half of 2019, the spot market is still well above the levels seen in 2015, 2016 and even early 2017. In this current environment, a capacity crunch can truly rewrite the rules of the game—making it critical to be prepared in advance. Make sure you understand the unique seasonality, surges and holiday schedule of your organization and supply chain.

Where are you on your capacity planning journey?

Kinaxis

by Bill DuBois Balancing capacity can be as challenging as walking a tight rope. Not enough capacity and you lose balance when it comes to delivery and customer satisfaction. Too much capacity and you lose your balance when it comes to costs and margins. All companies are walking this fine line with capacity planning , but some are continuously waving their arms trying to stay upright, while others have secured their footing. demand, supply, inventory, executives).

Preparing Your Supply Chain for Capacity Challenges

Transplace

Preparing Your Supply Chain for Capacity Challenges. And while capacity has loosened in the first half of 2019, the spot market is still well above the levels seen in 2015, 2016 and even early 2017. In this current environment, a capacity crunch can truly rewrite the rules of the game—making it critical to be prepared in advance. Make sure you understand the unique seasonality, surges and holiday schedule of your organization and supply chain.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. We had a choice to either install newer high-capacity machines for the Jell-O lines (CM Bartelts) running at over 1500 packages/minute or slower, more flexible equipment (IM Bartelts) at a rate of 650 pouches/minute. Need for Supply Chain Leadership.

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? Well, the answer in reality is that we really do need both – not all of our problems are only 3PL issues with supply chains having such stable demand signals – same item, same quantity, to the same customer, pretty much every day.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Is the current performance of your supply chain network optimal? Here are five supply chain basics that every manager can analyse on an ongoing basis to keep tabs on the health of their supply chain networks. 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.

6 Supply Chain Lessons from Henry Ford

Kinaxis

He was a supply chain pioneer. David Thomas, Director, Global Capacity Planning, Ford Motor Company recently resurrected some of the company founder’s most inspiring quotes during his presentation at Kinexions , the Kinaxis annual user and training conference. While he used them to illustrate Ford’s regional and global changes in recent years, I thought I’d put an even bigger supply chain spin on them. The trick in supply chain is to catch it fast.

[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

In this “The Freight Project Podcast” episode you’ll hear : How in the retail space it is vital that marketing, sales, and the supply chain & logistics teams collaborate to achieve shared goals of consistent logistics. What are some not so commonly known tips, as it relates to be more carrier friendly, that shippers should focus on to find capacity during this capacity crunch. Capacity & Carrier Metrics Resources to Download.

[PODCAST] Why Transportation Management Data Has Carriers & Shippers Forging Collaborative Relationships to Beat the Capacity Crunch

Cerasis

The Role of Transportation Management Data for Improved Carrier Relations In this episode Kevin and Cerasis’ Marketing Manager & “The Freight Project Podcast” host, Adam Robinson discuss how transportation management data aids shippers & carriers to forge fact-based, transparent partnerships to aid in beating a capacity crunch. Both shippers and carriers have historically used capacity swings in their favor to gouge the other.

The 6 Top Supply Chain Trends to Make Supply Chain Managers the Hero of Their Company

Cerasis

Supply chain leaders will face 2018 with uncertainty and opportunity. Digital technologies are becoming more prevalent in basic supply chain functions, and changes in legislation are likely to spur dramatic changes that will result in the need to reevaluate supply chain strategy in both domestic and international locations. of the digital supply chain. Supply Chain Managers Will Focus on Increasing Perfect Order Deliveries.

Trends 209

Where have all the Truckers Gone? 10 Strategies for Shippers to Fight the Capacity and Trucker Shortage

Cerasis

Transportation capacity problems have been a volatile issue over the past twenty years or so. A thorough analysis provided by the Council of Supply Chain Management Professionals , (CSCMP) in its “ State of Logistics ” report, indicates that by 2017, shippers in the U.S. Contributors to Capacity and Trucker Shortage. The 2014 winter weather triggered a trucking capacity problem. In 2014 utilization was 100% of capacity, a crisis phase.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation. Below are 5 significant metrics in Pickup & Delivery Logistics that any company can use to measure their performance in meeting initial goals. According to Supply Chain Consortium, the average on-time pickup percentage is 96% for several segments.

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

Talking Logistics

Recently it seems that more and more organizations are recognizing that their supply chains are a key component to the organization’s success. From the increasing adoption of a chief supply chain officer at major organizations to discussions of legislative changes , the influence of the supply chain on competitive advantage is more recognized than ever. So what does this mean for global companies and supply chain strategy?

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Notice in the Supply Chain Insights report, there are only two HDD companies. Semiconductor is poised to consolidate, which will have huge impact on the metrics. This could create a shortage in the US/Europe OEM chain. – as information moves down the supply chain to the manufacturer.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During During the last two months, we have been interviewing supply chain leaders to get their views on the methodology. Background on the Supply Chain Index.

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. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

Changing the Production Performance Metric

Logility

Anyone who has worked with asset intensive process manufacturers knows how hard it is to change the thinking about machine capacity utilization. The world was capacity constrained and the focus was on making more stuff as efficiently as possible. In the second phase the focus is lifted to a supply chain level. The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability.

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

What is Capacity planning software? Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With reference to capacity planning, design capacity is defined as the maximum amount of work that an organization is capable of completing in a given period. How much capacity buffer is needed for those?

Changing the Production Performance Metric

Logility

Anyone who has worked with asset intensive process manufacturers knows how hard it is to change the thinking about machine capacity utilization. The world was capacity constrained and the focus was on making more stuff as efficiently as possible. In the second phase the focus is lifted to a supply chain level. The production efficiency is one of several measures across the supply chain including inventory and customer service and profitability.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. The Top 10 Supply Chain Blog Posts from 2017. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Top 5 Trends to Know to Compete with Amazon’s Supply Chain.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Improving supply chain processes can be a strategic way to free up time to focus on the most important aspect of the restaurant business—happy customers. Key to this opportunity is working with a credible, aligned outsource supply chain provider.

Benefits of integrating finance and supply chain operations

Kinaxis

by Alexa Cheater Bridging finance and supply chain operations improves efficiency. In my earlier blog , I examined common obstacles organizations face when bringing together finance and supply chain operations. Bringing together finance and supply chain operations can make your company more operationally savvy and improve financial efficiency through: Exposing potential risks and enabling executable and optimized plans.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

Life is complicated. Supply chain management shouldn’t be.

Kinaxis

by Alexa Cheater Rushing kids out the door, walking the dog, navigating traffic—life is complicated enough without having to deal with overly complex supply chain management processes. Just because supply chains are getting more complex, doesn’t mean the job of managing them has to as well. To do it, you have to take a deep breath and say goodbye to running your supply chain from Excel. Supply chain management shouldn’t be.

Technology and the Supply Chain: What Does the Future Hold?

Kinaxis

So what does my nostalgic look back at my childhood have to do with the future of supply chains? And all of them, once they reach critical mass in the marketplace, will have a staggering impact on the future of supply chain. The WEF report focuses on five shifts that will directly influence supply chain. According to WEF, in the next five years, we’ll see 30 billion Internet-connect physical devices, which will considerably impact supply chain operations.

Suuchi Ramesh on Supply Chain Platforms

Requis

Software engineer and supply chain analytics expert Suuchi Ramesh is the founder and CEO of Suuchi Inc. , an end-to-end B2B supply chain platform. The Suuchi GRID supplier network has seen wide adoption in several industries, notably fashion and medical supplies and PPE.