INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
Business practices have become synonymous with the application and collection of data for continuous improvement. However, most of today’s data goes unused and represents a lost opportunity to the company. Unfortunately, data lacks value if not properly cleansed, transformed, and applied. To survive in an increasingly complex, data-driven world, businesses must be ready to implement new “Big Data” solutions to ensure all data is aggregated, analyzed, and stored appropriately. MORE
By definition, the work is data driven and I am able to experience more input as an analyst through a greater variety of experiences than if I was a consultant. Embrace the Iconoclast in the Data-Driven Organization. Supply chain leaders are swimming in data and they want insights. MORE
Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric? by John Westerveld. MORE
“The Freight Project Podcast” – Episode 5 – Hannah Testani, Intelligent Audit, COO – How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data In this episode, Hannah and I will talk about how she got involved in the logistics industry and how she, as COO, is positioning Intelligent Audit for the future aiding her father who founded the company over 20 years ago. MORE
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. MORE
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.”. MORE
When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. And, we often find that when you have too many metrics, at some point they may even work against each other. See the Operations Metrics for Action Guide ). MORE
Making informed decisions fast comes down to collaboration – how effectively the data, processes and people who oversee the supply chain can connect, communicate and interact with one another. Let’s zero in on the first of the “disconnects” explored in the eBook – data. MORE
by Palvashah Durrani The Devil is in the Data Details: Entering a New Global Market. One of these challenges that you might not think of immediately is big data in your supply chain —specifically the quality of your data. Here are 7 data issues you might need to watch out for: 7. MORE
In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. The 5 "Golden Metrics" to Know in order to Drastically Improve Manufacturing Operations. MORE
The Role of Transportation Management Data for Improved Carrier Relations In this episode Kevin and Cerasis’ Marketing Manager & “The Freight Project Podcast” host, Adam Robinson discuss how transportation management data aids shippers & carriers to forge fact-based, transparent partnerships to aid in beating a capacity crunch. Transportation Management Data Resources. Hello and welcome back to another episode of “The Freight Project Podcast!” MORE
Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. It''s the inventory metric). MORE
Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain MORE
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. MORE
This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Data E-Commerce Logistics MORE
Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Shipping processes revolve around a million-trucks-worth of data. Take a look at how your data can be used for continuous improvement across your organization. MORE
The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). The Data Problem. What should a data cleansing initiative look like? MORE
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.” MORE
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. MORE
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? MORE
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: MORE
Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . The inevitable question that comes up often is simple – should we build on-site or utilize a cloud-based data monitoring service ? MORE
Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics. MORE
3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Data Key Performance Indicators Supply Chain Technology measuring supply chain performance MORE
It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Many organizations publish turns data by industry or SIC code to help gauge where you stand against others in your industry. MORE
In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. So how can your company start to incorporate supply chain data into your company culture? Supply chain data initiatives need a top-down mandate. Data Supply Chain MORE
There is more data available today than ever before 1. Collecting data and utilizing that data to establish performance benchmarks is extremely valuable. The analysis of this data can help shippers gain insight into how they can improve, Read More. MORE
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. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics. MORE
Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. This metric closely aligns with digital transformation progress. Digital sourcing tools can help make this a more manageable metric. #3 MORE
We garner data that helps us to better understand our prospects, in particular, the challenges and issues they experience in their daily role so we can deliver more personalized and meaningful content. White Paper: Demand-Driven Manufacturing Metrics that Drive Action. MORE
Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. MORE
You Have A Good Amount Of Historical Data. If you have worked with the same carriers on similar types of projects for many years, this historical data is an asset for your company. Learning how to take full advantage of a TMS allows shippers to glean insights from their historical data. MORE
Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. MORE
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. MORE
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. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations. MORE
Cerasis
JULY 13, 2015
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?
Supply Chain Shaman
JANUARY 7, 2015
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. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics.
Logility
JANUARY 26, 2017
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.”
ivalua
SEPTEMBER 10, 2019
Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. This metric closely aligns with digital transformation progress. Digital sourcing tools can help make this a more manageable metric. #3
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resources each year guessing important operational metrics such as booking allocations or. Yet despite mountains of data available in today’s global supply chain, the. ability to harness this data and efficiently execute global logistics remains challenging. External data.
QAD
JUNE 25, 2019
It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Many organizations publish turns data by industry or SIC code to help gauge where you stand against others in your industry.
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synchrono
AUGUST 22, 2016
We garner data that helps us to better understand our prospects, in particular, the challenges and issues they experience in their daily role so we can deliver more personalized and meaningful content. White Paper: Demand-Driven Manufacturing Metrics that Drive Action.
Logility
AUGUST 7, 2017
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.
Cerasis
JUNE 14, 2017
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.
Supply Chain Shaman
SEPTEMBER 4, 2017
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.
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A Blueprint For Supply Chain Transformation The Data First Approach Introduction Over the past few decades, supply chains have evolved from a sub-function. supply chain is data. Supply Chain is the epitome of Big Data, yet, the most challenging problem. Data Access.
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Kinaxis
JUNE 22, 2015
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.
synchrono
FEBRUARY 13, 2017
When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. And, we often find that when you have too many metrics, at some point they may even work against each other. See the Operations Metrics for Action Guide ).
IQMS
MAY 1, 2018
Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.
Cerasis
MAY 12, 2016
Business practices have become synonymous with the application and collection of data for continuous improvement. However, most of today’s data goes unused and represents a lost opportunity to the company. Unfortunately, data lacks value if not properly cleansed, transformed, and applied. To survive in an increasingly complex, data-driven world, businesses must be ready to implement new “Big Data” solutions to ensure all data is aggregated, analyzed, and stored appropriately.
Cerasis
JUNE 4, 2015
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:
Cerasis
NOVEMBER 8, 2018
This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Data E-Commerce Logistics
synchrono
JANUARY 31, 2017
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.”.
Cerasis
DECEMBER 15, 2016
Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . The inevitable question that comes up often is simple – should we build on-site or utilize a cloud-based data monitoring service ?
Kinaxis
DECEMBER 3, 2014
Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric? by John Westerveld.
Supply Chain Opz
AUGUST 3, 2014
Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. It''s the inventory metric).
Cerasis
SEPTEMBER 1, 2015
You Have A Good Amount Of Historical Data. If you have worked with the same carriers on similar types of projects for many years, this historical data is an asset for your company. Learning how to take full advantage of a TMS allows shippers to glean insights from their historical data.
Cerasis
NOVEMBER 17, 2016
Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain
Zipline Logistics
MARCH 29, 2018
Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics.
Cerasis
MAY 20, 2015
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. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.
Kinaxis
AUGUST 11, 2016
by Palvashah Durrani The Devil is in the Data Details: Entering a New Global Market. One of these challenges that you might not think of immediately is big data in your supply chain —specifically the quality of your data. Here are 7 data issues you might need to watch out for: 7.
EcoVadis
MAY 31, 2018
Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric.
Cerasis
NOVEMBER 12, 2015
Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Shipping processes revolve around a million-trucks-worth of data. Take a look at how your data can be used for continuous improvement across your organization.
Cerasis
AUGUST 21, 2018
“The Freight Project Podcast” – Episode 5 – Hannah Testani, Intelligent Audit, COO – How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data In this episode, Hannah and I will talk about how she got involved in the logistics industry and how she, as COO, is positioning Intelligent Audit for the future aiding her father who founded the company over 20 years ago.
Talking Logistics
OCTOBER 10, 2017
The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). The Data Problem. What should a data cleansing initiative look like?
Kinaxis
OCTOBER 31, 2016
Making informed decisions fast comes down to collaboration – how effectively the data, processes and people who oversee the supply chain can connect, communicate and interact with one another. Let’s zero in on the first of the “disconnects” explored in the eBook – data.
Cerasis
SEPTEMBER 11, 2018
The Role of Transportation Management Data for Improved Carrier Relations In this episode Kevin and Cerasis’ Marketing Manager & “The Freight Project Podcast” host, Adam Robinson discuss how transportation management data aids shippers & carriers to forge fact-based, transparent partnerships to aid in beating a capacity crunch. Transportation Management Data Resources. Hello and welcome back to another episode of “The Freight Project Podcast!”
Cerasis
NOVEMBER 21, 2017
In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. So how can your company start to incorporate supply chain data into your company culture? Supply chain data initiatives need a top-down mandate. Data Supply Chain
Cerasis
AUGUST 4, 2015
In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. The 5 "Golden Metrics" to Know in order to Drastically Improve Manufacturing Operations.
Cerasis
OCTOBER 10, 2017
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 Shaman
JANUARY 28, 2016
By definition, the work is data driven and I am able to experience more input as an analyst through a greater variety of experiences than if I was a consultant. Embrace the Iconoclast in the Data-Driven Organization. Supply chain leaders are swimming in data and they want insights.
Supply Chain Link
MAY 2, 2017
There is more data available today than ever before 1. Collecting data and utilizing that data to establish performance benchmarks is extremely valuable. The analysis of this data can help shippers gain insight into how they can improve, Read More.
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