My Take: Metrics that Matter

Supply Chain Shaman

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.

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. What Distribution Center Metrics Need Tracking?

Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore

Talking Logistics

This post from PINC’s blog highlights six warehouse metrics that all companies should be tracking, monitoring, and acting upon. The post Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore appeared first on Talking Logistics with Adrian Gonzalez. Editor's Pick Guest Commentary Guest Commentary - PINC Solutions Industry Trends Warehouse Management PINC Solutions warehouse management warehouse metrics

Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts.

Your Supply Chain Probably Has a Data Problem - Start There

companies face today is access to good, quality data they need to optimize. Companies that lack. next challenge is determining the right metrics to focus on. this process as determining what technologies will help get those metrics.

Which Supply Chain Metrics Matter the Most?

Talking Logistics

Assuming you can start with a clean slate, are there any guiding principles to selecting the “right” metrics? One is they have way too many metrics. Which supply chain metrics matter the most? Do you have too many or too few metrics in your organization?

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 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%. Companies struggle with counterfeit goods.

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

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. How do you balance metrics ? .

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics.

Removing the 3 Barriers to Building a Predictive Supply Chain

resources each year guessing important operational metrics such as booking allocations or. phrases like data is the new oil as companies seek to capture more data and put it to use. INSIGHT PAPER: Toppling 2 Major Misconceptions. in Predictive Logistics ClearMetal Inc.

So Many Metrics, Which Ones Matter the Most?

Talking Logistics

When it comes to supply chain and logistics metrics, companies are either tracking too many of them or they have so many metrics to choose from that figuring out the right approach to performance measurement is a challenge. Are there any guiding principles to selecting the “right” metrics? Many companies have taken a balanced scorecard approach to measuring performance. What metric categories beyond cost and service are also important?

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. When it comes to supply chain metrics, “beauty is in the eye of the beholder.”

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.

Inventory Metrics: From Insight to Action

Kinaxis

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. Each metric requires context.

Metrics that Matter: Customer Service

QAD

Very little has more impact on a company’s success than customer satisfaction. Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Choosing Metrics.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. For companies, this is an unsustainable attitude of complacency at the employee level and one that can stagnate progress in many ways. How to make it happen in your company: Infuse engagement and excitement into your team by reinforcing a bigger goal and more long-term growth conversations. Keep an Eye on Holistic Company Health.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

With the growth of sustainability initiatives , more companies have adopted the use of recycled materials in production and have developed procedures for the responsible disposal of products that cannot be recycled or reused. Importance of Metrics in Reverse Logistics Management.

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. Review of SQM Metrics and Issues Across 5 Core Industries. #1:

Changing the Production Performance Metric

Logility

I see many companies shifting to a more balanced approach as companies strive to become more demand driven. And finally the fourth phase is to align the production accountability more meaningfully with company strategy. I was speaking with one of the big paper companies recently.

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. by John Westerveld.

Changing the Production Performance Metric

Logility

I see many companies shifting to a more balanced approach as companies strive to become more demand driven. And finally the fourth phase is to align the production accountability more meaningfully with company strategy. I was speaking with one of the big paper companies recently.

Beyond Operational Metrics: Why Measuring Employee Interpersonal Performance is Also Important

Talking Logistics

Companies spend a lot of time and energy measuring operational metrics, the “what” of supply chain performance, but they generally fail to measure the “how” aspects of performance –i.e., Tweet The post Beyond Operational Metrics: Why Measuring Employee Interpersonal Performance is Also Important appeared first on Talking Logistics with Adrian Gonzalez.

Logistics Company

LeanCor

2 Key Inventory Metrics Your Logistics Company Should Be Measuring. Most logistics companies measure inventory using inventory turns. In addition, many logistics companies combine raw materials, work-in-process, and finished-goods inventories to calculate overall inventory turns.

Lessons from Disrupted Companies

Talking Logistics

I talk to companies every day whose potential suffocates beneath their own inertia. Another common thread is companies focusing too much on short-term financial performance and maximizing efficiency — that is, on streamlining and optimizing current business models. As Steve Blank, entrepreneur and adjunct instructor at Stanford University, writes in Startup Grind : First, companies bought into the false premise that they exist to maximize shareholder value?

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”.

Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). This is so important, but is not a traditional measurement that companies use.

[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

Cerasis

However, most of today’s data goes unused and represents a lost opportunity to the company. Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. Twitter Facebook Google+ LinkedIn The post [e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs appeared first on Transportation Management Company | Cerasis.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Lora Cecere: ‘All the metrics must be in balance’

Supply Chain Movement

“Some companies are under the impression that they can first ‘milk’ one performance indicator before moving on to the next one. But in fact, all the metrics must be in balance,” says Lora Cecere from Supply Chain Insights. How quickly do companies bounce back after a crisis?

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

There has been very positive reaction, and we’ve even seen a couple other loans announced, both of large listed companies. The majority of the activity in sustainable finance relies on “ESG” sustainability ratings of public companies only.

Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

Cerasis

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. Before we fully get to establishing a framework effective KPIs when engaging with a logistics company, we must take a step back and understand how to apply the creation of stakeholder value.

5 key metrics for last-mile logistics

Abivin

It is not an easy task, but thanks to the 5 key metrics below, we can better manage the performance of this last mile supply chain. Cost per Km The Cost per Km metric is an easy way to determine the cost it takes to drive a vehicle one kilometer.

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. In each case there is a metric objective and a message behind the metric.

Last Mile Metrics: 11 Metrics to Measure in Last Mile Logistics

Cerasis

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

Supply Chain Metrics That Matter: A Focus on Aerospace and Defense

Kinaxis

Supply Chain Metrics That Matter: A Focus on Aerospace and Defense. According to recent research from Supply Chain Insights, A&D companies need a renewed focus on collaboration, visibility and core supply chain capabilities to remain competitive and win new business.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

[00:38] Please introduce yourself and your company. Right out of college, I worked at a logistics company in Atlanta. 04:37] Tell us about the world’s largest company. The company searched for smart people who understand what the next new technology will be. 13:34] You had to choose a 3PL for the world’s largest company. We wanted to find a company that could go global if needed. Out of the eleven invited companies, eight responded to the bid.