Remove Chemicals Remove Innovation Remove Inventory Remove Metrics
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Megatrends Shaping Supply Chain Innovation

The Logistics & Supply Chain Management Society

Megatrends Shaping Supply Chain Innovation. And what are the key industry trends and innovations? In E2open’s Supply Chain Innovation Report 2021 , 73% of respondents claimed their supply chain is either moderately, slightly, or not at all resilient. Supply chain mapping is key to ongoing innovation.

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Supply Chain Leaders, Chained to Tradition, Face the Whip

Supply Chain Shaman

The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In The metrics selection resulted from work with Arizona State University in 2013.)

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The 10 Procurement Metrics that Matter in 2021

Unleashed

This is often managed with the help of supplier management software or inventory management software. A robust procurement strategy should explain how an organisation seeks to optimise the businesses external spend, procurement costs and other value contributions such as product innovation, spend reduction and process efficiency.

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Holding Ourselves Accountable for Business Results

Supply Chain Shaman

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Let’s start with honesty and a focus on process innovation. Lack of Focus on Form & Function of Inventory and Designing Network Flows. Reversing The Trend.

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Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

Instead of pushing innovation forward, I see companies using the term “digital” as a path for IT spending. When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. An orbit chart is a plotting of data at the intersection of two metrics.

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Measuring Up?

Supply Chain Shaman

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics.

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BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The Inventory Turns. Operating Margin.