Supply Chain Shaman

JANUARY 7, 2015

Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. Achieving Balance in Metrics.

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Metrics Philippines Switzerland North America 273

Silvon Software

JUNE 23, 2020

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. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Metrics 43

Metrics KPI Forecasting Manufacturing 43

Cerasis

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The handful of companies in the top quartile of working capital performance had working capital expenditures as a percentage of overall revenues of between 6% and 10%. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Companies struggle with counterfeit goods.

Metrics 191

Metrics Supply Chain Performance Supply Chain KPI 191

IQMS

JULY 11, 2019

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

Manufacturing 43

Manufacturing Germany Analytics Sourcing 43

Talking Logistics

JUNE 30, 2015

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.

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Procurement Freight Chicago New York City 185

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

Procurement 68

Procurement Metrics Sourcing Comparison 68

IQMS

NOVEMBER 29, 2018

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. to manufacturing value added in 2020.

Trends 81

Trends Manufacturing Survey Quality 81

Cerasis

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? When a Lean culture is truly developed in a company, and old behavior, habits, and ways of working are modified, people become process improvement and problem solvers. These metrics would, of course, be aligned and are updated every hour.

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Lean Sustainability Manufacturing How To 182

Supply Chain Shaman

OCTOBER 29, 2020

I define collaboration as the ability to establish long-term win/win value propositions between and among companies. Yet, only 20% of companies actively manage supplier development programs to get cash to suppliers in need. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. In times of growth, when companies are funding inventory builds, cash is needed.

Inventory 225

Inventory Metrics Chemicals How To 225

ToolsGroup

SEPTEMBER 25, 2019

New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. PRESS RELEASE.

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Study Supply Chain Planning Company Houston 131

OneSCM

FEBRUARY 5, 2016

Mid-market companies can no longer afford to manage their supply chains in individual silos that often produce inaccuracies in overall performance and constrain supplier relationships. To combat inefficient operational models, mid-market companies need an end-to-end view of the supply chain by integrating revenue and expense operations. The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory.

Procurement 217

Procurement Metrics Supply Chain Quality 217

Supply Chain Shaman

FEBRUARY 11, 2014

My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. What I found was erratic results with many companies going backwards. In fact, I now know that nine out of ten companies are stuck. Here I share his insights: Philippe, which supply chain metrics do you think matter?

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Metrics Arizona North America Supply Chain 270

Supply Chain Shaman

SEPTEMBER 3, 2018

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. Third, they align the interests of all the firms in the supply network so that companies optimize the chain’s performance when they maximize their interests. Only supply chains that are agile, adaptable, and aligned provide companies with sustainable competitive advantage.”

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Supply Chain Metrics Analysis Analytics 298

Supply Chain Game Changer

NOVEMBER 12, 2018

How many parts of your company act as independent silos? How many functions in your company conduct themselves like they are islands? One of the main problems in a functionally organized company is that those functions over time can become isolated from each other. The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. Manufacturing/Operations.

Company 50

Company Groups Electronics Metrics 50

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. If you or your company have not put this initiative on your business process roadmap yet, it is critical you do so in 2017. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.

Procurement 109

Procurement Brazil Currency United States 109

Unleashed

JUNE 8, 2020

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.

KPI 49

KPI Data Benchmarking Metrics 49

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Essentially, supply chain management is the administration and control of the movement of goods between companies and end customers. . Most manufacturers depend on just-in-time (JIT) manufacturing policies. Learn about.

SCM 48

SCM Supply Chain Forecasting Omnichannel 48

IQMS

MAY 24, 2018

Investing in a manufacturing company – and/or operating a manufacturing company – in the current economic climate represents both opportunity and risk as U.S. manufacturing demand and profitability are accelerating. Manufacturing Predicted to Regain All Output Lost in the Great Recession by April 2019. “The Manufacturing sector finally has a range of recovery tailwinds that are catalyzing its increasingly sunny outlook.”

Manufacturing 41

Manufacturing Quality Metrics Automotive 41

CormSquare

JANUARY 10, 2017

Subsequently, procurement tends to be an afterthought, when it should be approached strategically! Small businesses spend between 40% – 65% of sales revenue on procurement of inputs. Following are the 5 strategies that can help SMEs in nearly any phase of their procurement efforts. For an instance, small business owners are rapidly subscribing to cloud based services, with 7% up than the previous company. Improved Internal Procurement Processes.

Strategy 46

Strategy Procurement India Metrics 46

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

KPI 40

KPI Procurement Benchmarking Guidelines 40

ThroughPut

APRIL 10, 2020

From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Manufacturers benefit with more flexibility in managing ad hoc requirements as well.

Handbook 40

Handbook Military Software Inventory 40

ThroughPut

APRIL 10, 2020

From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Manufacturers benefit with more flexibility in managing ad hoc requirements as well.

Handbook 40

Handbook Military Software Inventory 40

ThroughPut

APRIL 10, 2020

From a manufacturing perspective, logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Manufacturers benefit with more flexibility in managing ad hoc requirements as well.

Handbook 40

Handbook Military Software Inventory 40

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. When it’s the right time to manufacture more products. For example, Bryson manages a bike distribution company.

Inventory Management 55

Inventory Management Examples Procurement Distribution 55

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

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Conference KPI Procurement North America 102

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. Prior to joining Starbucks, he worked at the executive leadership level in Europe, Latin America and North America at ICI, a global chemical company. How do you define the metrics that matter?

Customer Service 227

Customer Service Metrics North America Chemicals 227

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! In the world of Procurement and Operations one of the phrases that you will frequently come across is “MRO” But many people throw around the term without truly understanding what it means, and how important it truly is for the ongoing, and successful, operation of any company. I have worked in a several companies that used various techniques for MRO management. Subscribe Here! Email Address.

Chemicals 50

Chemicals Metrics Tools Sourcing 50

Cerasis

APRIL 6, 2017

On one hand, it would be great to have brand new manufacturing equipment. Besides the expense, meaning you or your management are unwilling to make an upfront investment when the manufacturing equipment has not failed entirely, there are other roadblocks thrown up against upgrading: The fear of change. Why Upgrade Your Manufacturing Equipment? There are four big picture reasons to upgrade your manufacturing equipment. Performance is a handy metric to measure.

Manufacturing 205

Manufacturing Dallas Texas System 205

FLEXE

DECEMBER 11, 2016

FLEXE , Flexport and Convoy –three technology companies adding flexibility to the supply chain–,recently hosted the first Peak Logistics breakfast in Seattle, Washington. The founders of each company came together to discuss the overlap of technology and logistics and how it can be used to solve every day problems. I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. So Convoy is a trucking company.

Company 30

Company Shipping Warehousing Capacity 30

ThroughPut

DECEMBER 3, 2019

Most importantly for ThroughPut, manufacturing and logistics operations in the industrial world are about to pick back up until Christmas. It’s an incredible period for the company. Every day, companies share new throughput optimization opportunities at massive scales that make everything during my Oil & Gas career seem comparatively miniscule both in terms of impact and consequences. The only real metric that ticks for an Entrepreneur is burn rate. Fall has begun.

Quality 40

Quality Iraq Oklahoma Manufacturing 40

EcoVadis

MAY 19, 2016

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. The brand damage and regulatory compliance issues that arise when environmental and ethical problems are exposed in supply chains can have a real impact on a manufacturer’s bottom line. This is where technology solutions can be used to implement company CSR policy in a powerful way.

Charlotte 40

Charlotte Sourcing Metrics Sustainability 40

Logility

AUGUST 25, 2020

Each of these events was completely devastating to the company concerned. Company. Contributed heavily to company closure. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Metrics.

Metrics 158

Metrics Lean SCM Supply Chain 158

Supply Chain Shaman

FEBRUARY 18, 2013

On this webinar, we shared data that we have collected on financial metrics for the healthcare value network (see figure 1) and we asked a panel of Karen Conway from GHX; Ken Thomas, previously of Eli Lilly, and now the founder of Taith Group; and Roddy Martin, previously a Vice President at AMR Research and now at Accenture, the question ”How do we Heal the Healthcare Value Chain?” Pharmaceutical companies are struggling with falling margins and rising inventories.

Company 159

Company Chemicals Pharmaceutical Inventory 159

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. From the pragmatic approaches of asking channel partners, indirect and direct sales teams how many of a new product they will sell to using advanced statistical models, there is a wide variation in how companies forecast demand for a next-generation product.

Journal 66

Journal Analytics Aerospace Forecasting 66

Supply Chain Brain

JULY 2, 2018

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Original equipment manufacturers (OEMs) might even be unaware that their products are being made at an unapproved and non-compliant location.

Bangladesh 40

Bangladesh Training Mauritius Norway 40