Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. In Table 3, I share a comparison of the two methodologies. This is the fun part of my job.

Gartner 203

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 203

Logistics Viewpoints

FEBRUARY 15, 2023

We approached the topic from the perspective of importance in comparison to other objectives and change in importance over time.

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

Logistics Bureau

APRIL 4, 2022

Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends. 3: Choose Your Comparisons Carefully. 4: Use Standardised Metrics. Freight cost per kilogram/100 kgs/tonne.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. They do not have a peer group for comparison. We do not include them in the analysis because there is no peer group comparison. This year-over-year comparison, enables visualization of performance on two metrics.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

Global 109

Global Scenario Planning Metrics Benchmarking 109

3PL Insights

AUGUST 16, 2021

Big data is only useful if you understand the metrics and can connect them to the important areas of your business. But how do we turn inventory management data and other key metrics into business intelligence? The turn rate is an important metric for measuring inventory management and sales. Account Activity Data.

Data 98

Data Supply Chain Optimization Supply Chain Material Savings 98

Supply Chain Shaman

MAY 29, 2014

Meaningless Comparison. I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. As a result, the metrics have to be viewed together as a pattern over time. I find value in looking at these metrics together.

Gartner 301

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 301

QAD

JULY 23, 2020

As long as clear goals are set, and with the proper infrastructure, this results comparison can help a company move in the right direction and even help to mitigate risk. Establish baselines on internal performance (or metrics) and gather your actual results. Using Benchmarking Metrics to Measure Manufacturing Performance.

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

QAD

JULY 23, 2020

As long as clear goals are set, and with the proper infrastructure, this results comparison can help a company move in the right direction and even help to mitigate risk. Establish baselines on internal performance (or metrics) and gather your actual results. Using Benchmarking Metrics to Measure Manufacturing Performance.

Benchmarking 128

Benchmarking Metrics Manufacturing Six Sigma 128

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. Second, where should you focus?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

GlobalTranz

JULY 5, 2016

It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category. e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs. 3 Logistics Technology Trends in 2016: Automation Leads the Way.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Logistics Supply Chain Design Software Modeling Software 132

Supply Chain Shaman

AUGUST 7, 2019

Build an industry peer group and gain insights on major trends. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. Ecolab was able to overcome the downward trend.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results. Analyst(s): Carlton Sapp.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. In the OnDemand platform, some brands can also access a Supply Chain Scorecard that shows metrics including Days of Supply and Days of Supply Goal.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Precoro

DECEMBER 11, 2023

Such research helps them to better understand the vendors and suppliers operating on the market, as well as the competition, available prices and price development trends, and potential risks. This allows the sourcing team to understand supply and demand dynamics and the competitive landscape and, as a result, the pricing trends.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

JULY 19, 2015

While every company will agree that this data is VERY important, the lack of standard definition precludes comparison. We then augmented the data to understand planner productivity, complexity, and organizational views of planning excellence (comparison of the views of supply chain planners and supply chain leaders).

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Logistics Viewpoints

DECEMBER 1, 2022

Container Import Volume Year-over-Year Comparison. The only bright note is that shipping costs will be a fraction of what they were over the last several years. Figure 1: U.S. Source: Descartes Datamyne. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. Somewhat nailed it.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

ToolsGroup

NOVEMBER 15, 2016

According to Ben, who oversees Chainalytics’ Demand Planning Intelligence Consortium , many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. Defining “good” requires (1) a basis of comparison, and (2) controlling for key differences between data points.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Unleashed

OCTOBER 31, 2023

In comparison, workforce management looks to enhance the day-to-day productivity of your entire organisation. In comparison, workforce optimisation works by considering the talent you already have – their current knowledge or skill gaps – and looking for ways to optimise their input. Both use scheduling tools.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. Clothing, Footwear, Accessories continues to trend upwards with a health score of 79, although it has dropped from its heights seen in early 2022. Australian lead times Decrease Clothing etc.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Supply Chain Shaman

APRIL 14, 2013

To understand supply chain excellence, Abby and I have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. This analysis has been fun and insightful. Publication of our next book.

Gartner 267

Gartner S&OP Pharmaceutical Supply Chain Planning Software 267

crisp

SEPTEMBER 27, 2022

Be sure track the following data points in your Crisp dashboards during the holidays: Sales trends YoY Sales trends by retailer/location Velocity metrics Inventory supply per retailer/location/warehouse Chargebacks. Shopping fatigue, spending time with family, and the ramp-up of holiday activities all contribute to this trend.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Supply Chain Game Changer

AUGUST 27, 2020

Supply chain management can now be reinforced with vendor portals that consolidate information on interaction with all vendors, allow easily navigating through the vast volumes of data, tracking market trends in a click, building a vendor rating system, and more. . These insights provide more clarity in decision making.

Supply Chain Software 52

Supply Chain Software Optimization Software Demand Planning Software Logistics Network Optimization Software 52

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. That’s because the ability of your business to respond to market trends and fluctuations is minimally low. It directly impacts your workflow and productivity.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Insights

APRIL 9, 2013

To understand supply chain excellence, we have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. Based on inquiry, we do this analysis free of charge for members of our Supply Chain Insights Community.

Gartner 137

Gartner Pharmaceutical Supply Chain Planning Software Supply Chain Strategy 137

Supply Chain Shaman

AUGUST 5, 2015

This analysis helps us to see the trends It is a study of year-over-year progress. Overall Results on the Supply Chain Metrics That Matter. Consumer products companies experienced slow growth while the food and beverage leaders faced declining–often sharp–market trends. It is a strong downward trend.

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

EazyStock

OCTOBER 10, 2018

The real value businesses receive from big data is the ability to analyze data trends in real-time and accordingly extract critical data for management and operations. It is tempting to draw a comparison between big data and master data management (MDM) as the two terms are interconnected, but they are different.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Logility

SEPTEMBER 5, 2013

He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Showed the shipments and fill rates over time—valuable trend insight for everyone in the business. Set up a time series comparison of forecast accuracy (MAPE) for the demand planners.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Logility

SEPTEMBER 5, 2013

He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Showed the shipments and fill rates over time—valuable trend insight for everyone in the business. Set up a time series comparison of forecast accuracy (MAPE) for the demand planners.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Intelligent Audit

SEPTEMBER 9, 2021

With numbers like that and current trends, understanding the causes of this cash flow and capital dilemma is vital for finding viable and practical solutions. Tracking cost by mode, lane, and cargo type for better metrics comparison. Analysis of shipments to identify the cost and expense average zone.

Freight 52

Freight Expense Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

JUNE 30, 2015

Volatility in pricing trends are opportunities to lock in contractual rates, though shippers and logistics providers must also maintain flexibility to leverage spot buys as needed. If so it may be impossible to conduct an apples-to-apples comparison. Adopt performance metrics for carriers.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Alloy

SEPTEMBER 26, 2019

ARA Premium provides a number of metrics and reports that ARA Basic does not, such as traffic diagnostics and customer reviews. Then, you can make useful comparisons like what’s happening daily online vs. in-store. Comparing ARA Basic and Premium What are the differences between the ARA Basic and ARA Premium?

Analytics Software 40

Analytics Software Analytics Alloy Retail 40

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Note the trends in operating margins and inventory turns. Each faces four years of deterioration on this important supply chain metric.

Supply and Demand 210

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 210

Supply Chain Game Changer

AUGUST 13, 2020

McDonald’s is a perfect example of a global organization that will certainly feel residual effects of COVID19’s impact upon consumer habits during country lockdowns, declining consumer trends & inability to open 100% of brick and mortar locations. In comparison, just 10.8% You’re in good company.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52