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. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

Why I No Longer Believe in the Gartner Supply Chain Top 25

Supply Chain Shaman

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 retail sector formula has far different metrics than the chemical industry. Capital Markets reward balance in a Portfolio of Metrics.

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Can Blockchain Fix the Opioid Epidemic? Intel Wants to Find Out

Supply Chain Brain

The chipmaker, working with health companies, aims to use so-called blockchain technology — similar to the one that underpins the digital currency Bitcoin — to better trace drugs and potentially stem the epidemic. Global Supply Chain Management Quality & Metrics Regulation and Compliance Supply Chain Security & Risk Mgmt. Now Intel Corp. and the pharmaceutical industry are planning to fight fire with fire.

Amplify Your Supply Chain While Capitalizing on your IT Infrastructure

Logility

Our biggest headaches were very basic – we couldn’t easily switch between metric and imperial measures, and currency conversions were a nightmare. Besides a six-month ROI, the benefits Ampacet received are: Real-time metrics on all business activities; Dramatically reduced time in decision-making processes; A global view of the business; Lowered overhead and improved operations; and.

Actionable Insights: Revenue by Entity

QAD

QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. Which KPIs and metrics are most important to your organization? In our previous Actionable Insights blog , we discussed the Operations Production Andon Board Action Center.

7 Avoidable Data Errors in Your Supply Chain Data

Kinaxis

Currency. You’ll need currency conversions at sales points, but you’ll also benefit from accurate currency conversions at your assessment and planning levels. For example, tracking revenue in each location’s currency helps you to assess those values within that market context. Failing to accurately convert costs into the same currency as the price for a product can lead to inaccurate margin calculations and erroneous profit values.

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Avoid “Lost in Translation”. Monetize S&OP to Include Finance.

ToolsGroup

To achieve Stage 5, S&OP must be “a fully integrated business planning forum… (where) metrics are value-based and aligned across the network and enterprise to support the required trade-offs.”. Her research shows that effective Sales and Operations Planning is one of the most highly correlated factors to achieving high level financial success metrics, such a company’s stock price to tangible book value. Finance speaks a different language than supply chain.

S&OP 81

2020 Requires Big Wings and Feet

Supply Chain Shaman

Most budgets are completed in currency at a brand level. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance. It has been awhile.

Comparing the Most Popular Crypto Exchanges!

Supply Chain Game Changer

You can’t really rank crypto exchanges unless you’re ranking by very specific metrics. Others accept more currencies, others make more trades, while others have a more user-friendly interface. Cryptocurrencies Beyond Bitcoin!

Taking the Hill

Supply Chain Shaman

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Financial ratios allow us to analyze performance across the peer group (large against small companies) and across currencies. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value. For most companies, growth has slowed.

What Today's Market Tumble Means for Your Supply Chain

Elementum

Copper, generally considered a good metric for the health of the global economy, is doing poorly. Other developing economies are expected to devalue their currency, meaning that the dollar will strengthen. Consider your existing production locations and the changes in pricing, and whether it would make sense to shift your production towards devalued currencies. Currency devaluation allows manufacturers to tap into deeper markets.

China 101

5 Hot Topics in Home Delivery this Season

Talking Logistics

Blending Traditional + Customer-focused Metrics. Leading retailers are starting to combine traditional delivery metrics (e.g., on-time, complete, miles per delivery, deliveries per route) with some form of consumer-focused metrics such as Net Promoter Score. When analyzing actual metrics in the study for all day vs. 2 hour and 4 hour time windows, there was not a substantial drop in delivery reliability when these options were offered.

Our Latest ‘Pro to Know’ Shares Supply Chain Insights

Kinaxis

Some of the primary challenges supply chains will face are increased complexity, lack of visibility into key metrics, and the growing need for segmentation. Metrics Visibility: Going hand in hand with increasing complexity is the need to properly manage and monitor key performance metrics. When a supply chain deals in multiple units of measure and/or multiple currencies, this becomes even more important.

Understanding the Cost of Service

Blue Ridge

For example, in some locations it’s best to classify item/locations using units & currency. Understanding the Cost of Service: In doing his comparison analysis of the trades-offs between higher overall service and the cost associated with it, Julian needs to see metrics like: Annual cost of service (safety stock investment) associated with each service goal stratification. The average demand filled in units and currency. Average shortages in units and currency.

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Data is the new currency of business. After all, even the best and most reliable data points and metrics are meaningless unless they are somehow leveraged in decision-making. Supply chain operations have a strong history of being numbers-driven and embracing KPI metrics and analytical approaches to improving performance which is exemplified by, for example, the Supply Chain Operations Reference model (SCOR).

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Supply Chain Planning in Emerging Markets: Four Points to Remember

ToolsGroup

Long lead times for imported products, wild currency fluctuations and demand spikes caused by government contract tenders all conspire to make planning difficult …. Despite all these variations another common refrain we heard is that service level and supply chain business metric performance expectations are not necessarily lower in emerging markets. Supply chain planning in emerging markets is different.

What is S&OP? By Accenture Strategy Guest Blogger

Kinaxis

Metrics and Dashboard Reviews. One organization that did this well was a global consumer electronics company that operated across many competitive marketplaces and faced fluctuating currencies and foreign exchange rates. Revenue and margin were the two primary measures, with product mix, manufacturing locations, and currency rates as an overlay. by Steven J. Puricelli A few weeks ago, I launched a new blog series on sales and operations planning (S&OP ).

S&OP 113

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet.

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Natural disasters, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. Happy New Year!

How To Ensure Best Practice Use Of Your Business Intelligence Dashboards

Unleashed

This dashboard collects key financial health indicators from marketing activities and displays financial metrics to provide senior management and investors with performance results to help them determine future marketing spend. This dashboard can deliver sales metrics including costs, revenue, profits and incremental sales. Effective BI dashboard templates serve up a wealth of manufacturing metrics to help improve processes and eliminate inefficiencies.

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

This is where metrics can get a little fuzzy. However, the reality was that the 4% metric was misleading. While you can’t control these factors, with a comprehensive TMS you can set up workflows that provide your local user, based anywhere in the world, with the language preferences, currency conversion, time zone support and user interface configurations to support them successfully in their roles.

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Embracing sustainability as a goal and metric that you scorecard suppliers on is a good place to start to get ready for this trend that will become a staple in how successful companies do business. Employing a collaboration solution that has multi-language and multi-currency capabilities now will build the infrastructure and talent pool you need for the future, today.

Yoda’s Advice for the Supply Chain Padawan

Kinaxis

It could be as small as moving the needle on just one of your key metrics, or as large as connecting all the nodes of your value chain to achieve true end-to-end visibility. Mapping all that data, including number changes, currency exchanges, unit of measure conversions, etc., by Alexa Cheater In honor of Star Wars Day (yes, that’s a semi-real thing), I thought I’d resurrect my Star Wars blog series.

How Procurement Can Add Value To Supplier Master Data Management

ivalua

Currency and country exposure — Decreases financial risks by accurately tying projected spend to the correct currency to facilitate hedging strategies. Application leaders that support the master data management should work with the Procurement team to establish metrics for tracking data completeness and the frequency of updates. Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement.

Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries

NC State SCRC

Foreign currency and commodity price fluctuations [7]. The contract may also include metrics and resulting consequences (late fees, etc.). Risk: Foreign currency and commodity price fluctuations [7]. The aerospace industry and supply chain operations are both worldwide and long in duration, two characteristics that make these contracts susceptible to foreign currency and commodity price fluctuations.

Top 8 software every FMCG company should invest in

Abivin

Features: Manage customers, vendors, stocks and inventory replenishment through diverse selling channels, billing, invoicing and full order fulfillment.Start-to-end tracking: the software follows inventory from the initial order to the final delivery.Execute real time workflow and productivity metrics, access real-time inventory visibility. FMCG is a versatile and rapidly changing industry.

Will Arrogance Stunt your Growth?

Supply Chain Shaman

Which supply chain metrics correlate to market capitalization by Morningstar sector? Note that the ratios are better than absolute numbers because it helps in the comparison of large and small companies and performance across currencies.) It happened on Thursday morning last week. It will probably happen again on Tuesday. And, again on Wednesday. I am driving on a campaign to change thinking. It is hard to change a mindset.

Supply Chains Need to Transform: Into What?

Enterra Insights

What is much easier to measure is cost — so that’s what drives the metrics and incentives.”[1] He writes, “The common currency that all departments can collaborate around is data — data about stock and data about the customer.”[2] I read a lot of articles about the need for supply chain transformation.

Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service. We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. The scope of the datasets his team was working on was limited to supply management, but the sheer volume of data was staggering in its complexity and fragmentation.

“Collaboration” is becoming a bad word…in some circles

NC State SCRC

Jeff Ng from Steelcase put it very well: “Trust is the currency of collaboration, in that it requires individuals to demonstrate that there is a visible effort to listen, understand, and be inclusive. This ensures that all parties are “speaking the same language” and are using comparable metrics and plans. The concept of “Collaboration” has been getting a lot of grief lately.

A Digital Value Network Needs an Accelerated “3-D” Cycle (powered by Incorta)

Supply Chain Action Blog

However, orchestrating the value network where goods, information and currency pulse freely, fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital value network ), may prove to be even more complex than driving a vehicle. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc.,

Digital Orchestration of Your Supply Chain Requires “3-D” Orchestration

Supply Chain Action Blog

However, orchestrating the value network where goods, information and currency pulse freely, fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital supply chain ), may prove to be even more complex than driving a vehicle. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc.,

Ava Ex Machina and the Retail Supply Chain

Supply Chain Action Blog

However, orchestrating the value network where goods, information and currency pulse between facilities and organizations, following the path of least resistance, may prove to be even more complex than driving a vehicle. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., There is a lot of buzz about the “autonomous” supply chain these days.

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

However, orchestrating the value network where goods, information and currency pulse freely, fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital supply chain ), may prove to be even more complex than driving a vehicle. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc.,

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

However, orchestrating the value network where goods, information and currency pulse freely, fast, and securely between facilities, organizations, and even consumers, following the path of least resistance (aka the digital supply chain ), may prove to be even more complex than driving a vehicle. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc.,