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Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric? Sound ridiculous?
In the supply chain arena, the need to make course corrections is exploding. Not all the transactional data, just the data required to calculate a metric or make a decision. This data is often disconnected and scattered across various applications, making it difficult to harness for insights and decision-making.”
Over the course of the last week, I had a Linkedin comment from Dubai, questions from a team from the Philippines, and an inquiry from Switzerland. 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. Achieving Balance in Metrics. 3) Outside in.
How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment? In the design of the digital program, spend time on metrics and reward systems.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
in Cybersecurity from Northcentral University, while teaching Cyber courses in the evening and advising Women in Leadership at the University of San Francisco. Erika holds a Ph.D. About DAT Freight & Analytics DAT Freight & Analytics operates the largest truckload freight marketplace in North America.
The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. As a leader, you need many tools to eliminate this mindset.
We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. To change course, learn from history, to unlearn to rethink outcomes.
The AMR Top 25 was the first methodology that tried to connect financial metrics with supply chain excellence. It elevated the discussion on supply chain excellence and drove more discipline and rigor in the use of financial metrics. See how different the progress is on this metric by industry? The intent was good.
Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? ” Supply Chain Leader.
Assess root causes, adjust plans, and debate course corrections. But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. That’s not a bad answer. That’s a trap.
Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience. In this article, we’ll take a closer look at the top 10 supply chain management courses that can take your career to the next level. Ratings of each course will also be included.
As a result, the metrics have to be viewed together as a pattern over time. In the journey, the supply chain leader needs to improve the potential of a portfolio of metrics. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.
The group’s response is, “Are these supply chain metrics?” ” For many stuck in the myriad of functional metrics, like Operational Efficiency (OEE), Purchase Price Variance (PPV), or transportation cost, a focus on growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) is a stretch.
This of course generates carbon from transportation activities. A clear goal needs to be combined with good data and metrics. Users can only take action once they have the goal, visible data, and metrics. Building a new data center involves moving IT hardware into new facilities. Access to the data needed to be democratized. “We
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.) Look for the full report next week.).
This customization is achieved through a combination of elective courses, specialized modules, and targeted resources that cater to specific aspects of supply chain management. Conversely, a student leaning toward supply chain analytics could engage with advanced courses in data science, predictive modeling, and optimization techniques.
Of course, these symptoms or signs of ineffective planning are true for supply chains. Chances are many of the metrics guiding the organization are poorly chosen and even more poorly applied, as well. Then comes the finger-pointing when metrics in one department or silo conflict with metrics in another silo or function.
Despite legislation, in 2022, the world generated 62 million metric tons of e-waste, according to the United Nations Global E-waste Monitor. million 40-metric-ton trucks which, if placed bumper-to-bumper, would form a line long enough to wrap around the equator. Businesses, of course, seek to maximize profits.
I was surprised as I have evaluated balance sheet progress of these leaders over the course of the last year. Over the course of the last year, Abby Mayer ( @indexgirl ) worked with the Supply Chain Insights team to build a database of 20 years of information with over 50 supply chain financial ratios. Publication of our next book.
Supply chain centers of excellence help with metrics alignment, and product portfolio alignment, between finance and the supply chain team, and the supply chain team and marketing. Over the course of the last seven years of writing reports, this was one of my favorite reports to write. The value proposition still holds.
Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer. Take into account things like your current skill level, desired improvement areas, and professional objectives.
Of course, the emphasis on each priority will differ depending on the industry. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. Undamaged shipment rate. On-time delivery: all suppliers.
Enroll in SCMDOJO’s flagship Sales & Operations Planning Blueprint course! Review Supplier Performance Performance Measurement: S&OP provides a framework for tracking supplier performance against agreed-upon metrics, such as delivery time, quality, and cost. Keep Reading to unlock a 50% discount code!
This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Cross-Company Academy is a 7 month online training course, Bootcamp is a 2 day in-person training course.)
It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. Over the course of the last eighteen months we have attempted to build a linear regression model to build a formula using supply chain ratios that can predict market capitalization. .” As I shuffle along, I am not sure.
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 ). The definition of this metric is similar to the way it sounds. Cost of quality.
They can then use the data to provide an apples-to-apples benchmark on a variety of innovative supply chain metrics applicable to the grocery supply chain. The math is simple, a 13% reduction in service over the course of a year translates to a 13% drop in sales. Forecasting Accuracy Was Terrible .
Of course not… But, the industry is in a group think. In addition, I am now done with the page proofs for my new book, Metrics that Matter. Instead, he wants to drive supply chain excellence and build the metrics that matter. No one is having a fact-based discussion. This is how we see our role. The book is a story.
Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. Shown in Figure 1 is an example of resiliency.
Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors. Of course, its also possible to add further tiers for even more granularity, but again, the more levels you have, the more complex your KPI solution.
The focus is on functional metrics, but are unable to get to overall supply chain metrics. I was luck enough to get to take this class twice, and it was one of the most profound courses that I took in chemical engineering school. Companies are drowning in data, but struggle to get insights. In Table 1, I share examples.
We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns. These online courses are designed for senior managers and directors.
Products, of course, can be picked up at the branches. In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. The company has shown sustained improvement on this metric. Across the US, Ferguson has 6.5
Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. It cannot be about singular metrics. Owens Illinois (OI), a $6.3
Of course, the right training is key to the success of such initiatives, and can have a measurable impact on supply chain performance. In this article, we’re going to look at how role-based training and supply chain training courses play a crucial role in improving team collaboration and efficiency.
Note to the reader: we selected these metrics for the balanced scorecard for the analysis after work with Arizona State University to understand which metrics, in combination, most closely correlated with market capitalization. Consider the role of functional metrics and the lack of alignment with the corporate scorecard.)
Over the next five weeks, seventy business/technology and consulting leaders will complete the course. Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability.
The courses we have designed with CorpU are built as short sprints. So, if you are a supply chain leader working on a next-generation supply chain project, consider using our courses in your organizational readiness program. The courses, designed as fast sprints, are currently in development. Supply Chain Metrics That Matter.
COVID of course taught companies the need for agility. The Nexus model can also provide the kind of data that digital twins that are based on a static planning model struggle to provide true lead times (and other supply chain throughput/cycle time metrics). But even in more normal times, a supply plan usually can’t be fully executed.
Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.
Select a planning solution that can incorporate intelligent metrics and optimization technology. It should deliver a single source of truth, live KPIs and continuous optimization capabilities so that you can evaluate outcomes and quickly determine the best course of action to meet your business KPIs.
Of course, change is always occurring. I attended additional sessions that described recently completed enhancements and customer adoption metrics for Manhattan Active WM. “Assemble Agents of Change” was the theme of the conference. The topic of change is certainly as relevant as ever. Final Word.
Facilitates flexible, accessible learning: Online supply chain courses empower teams to learn anytime, anywhere, without disrupting operations. Our courses offer analytics and feedback tools, so you are always able to measure training success and fine-tune strategies.
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