article thumbnail

Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

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.

article thumbnail

Necessity is the Mother of Innovation

Logility

In the midst of the seeming chaos many brilliant minds have been working in overdrive to develop innovative solutions to many of obstacles that lie in our way. These are just a few of the countless and amazing innovations we hear about on a daily basis. At the same time, start a frank discussion about which metrics matter right now.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Every company knows customer service is important, but it is seldom well-defined, and even more rarely measured in logistics operations. Read more. . Read More. .

article thumbnail

[PODCAST] Shippers Who Excel at Recruiting Talent Improve Innovation, Culture, & Service

GlobalTranz

Listen to “Shippers Who Excel at Recruiting Talent Have More Innovation & Improve Customer Service” on Spreaker. Innovation & Strategy Resources for Shippers. The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs. Download E-Book.

article thumbnail

Innovation in Supply Chain Management: Driving Efficiency and Success

American Global Logistics

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. In today's rapidly evolving business landscape, innovation has become a key driver of competitive advantage. Recycling and reuse lend themselves to innovation.

article thumbnail

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

This means building a cognitive engine to sense, learn, and adapt using market data for innovators. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. Customer service is red. What are functional metrics? Need For What-If Analysis.

article thumbnail

Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation. Ironically, technology innovation is the highest that I have ever seen. He asked me to help him understand why his customer service and shipment reliability were poor. His response?