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. Tracking, Managing, and Choosing Metrics.

Procurement Analytics 105

Procurement Analytics Metrics Inventory Reduction Inventory 105

Supply Chain Shaman

JUNE 7, 2018

Definitions: Provocateur. Putting a stick in the eye of the industry is hard work. It starts with the lack of a clear definition. Or agreement on the definition of supply chain excellence. Or agreement on the definition of supply chain excellence. Sometimes, even the definition of a supply chain is not clear.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

Supply Chain Shaman

JULY 25, 2021

I find the industry complicit. To make the point, let me share an orbit chart for four industries (reference Figure 1). While some might claim that the industry made progress, the facts show that the industry margin decreased precipitously in three of the four industries shown. How could the industry spend 1.7%

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

JANUARY 8, 2024

An analysis of improvement, performance, and value of over 500 public companies in 28 industries over a decade. (I However, writing it is a great time to get into industry patterns and think. ” Compare the results to the industry trends. Look at the industry decline in Figure B. I posted my working summary.)

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

Supply Chain Shaman

JULY 13, 2023

No one knows, but in my discussions, business leaders agree that Artificial Intelligence (AI) is here, and the projected impact on supply chain technology looms large sending the industry into very different gyrations. The industry first started speaking of digital in 2012, but today, it is still an amorphous concept. (My What Is AI?

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Planning 326

Supply Chain Shaman

OCTOBER 11, 2023

Definition Anomaly: something that deviates from what is standard, normal, or expected. Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention. I constantly ask myself, why? Measurement.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

Supply Chain Shaman

JANUARY 2, 2024

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. But lowering the costs in operations does not translate to margin, and with the volatility in the markets as shown in the industry patterns below, can we afford to only rely on enterprise data?

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

Supply Chain Shaman

SEPTEMBER 22, 2022

While sometimes, I feel like the old lady in the room (many of my contacts are no longer active in the industry), the reception of the content by new supply chain leaders is positive, so I go on even though gray hair penetrates my hairline. ” Let’s start with a definition. ” Miriam Webster. These concepts are new.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. Ford, historically has been an industry laggard in the automotive sector and, with this focus, will continue to be a laggard in the future. Results in the Automotive Industry for the period of 2012-2021. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

OCTOBER 13, 2022

In both cases, there is a clear definition of “winning.” The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Functional metrics need to be abandoned to focus on balanced scorecard outputs. A focus on functional metrics throws the supply chain out of balance.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

FEBRUARY 1, 2024

I will share insights as we go along) The Word Salad Shuffle In the industry, I feel that there is a lot of word salad–consultants and technologists spinning words with little meaning to drive leads. Optimization engines to improve functional metric performance resulted in an exploding number of planners. Blackhole Automation.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. The optimal inventory turnover ratio for your business will largely depend on the industry you’re in and the size of your business.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Shaman

JANUARY 2, 2023

Definition. I find that in the industry, sometimes the basics get lost. Definitions of Planning Horizons. While the term demand sensing is used with abandonment in the industry (often over-used), it is seldom clearly defined. Don’t fall prey to discussions that are not grounded in the basic definitions.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. The cost of sales metric is most commonly used in the retail and eCommerce industries, whereas manufacturing businesses typically calculate profitability using the cost of goods sold formula instead.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Unleashed

JUNE 2, 2022

Enhance customer satisfaction , because omnichannel optimises opportunities for personalisation through collection, analysis and cross-referencing of customer metrics and data, from all channels. Establish what customer wants and needs are being meet by using analytical data, social metrics, and by inviting customer feedback.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. McKinsey & Co., What is OTIF?

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Supply Chain Shaman

JULY 22, 2019

Smaller, more agile companies outperform the larger and well-known brands in the retail, beverages, food, and pharmaceutical industry sectors. Companies with traditional definitions of marketing and sales struggle to beat the competition. Industry-by-industry, I compiled data for the period of 2010-2018. Leadership.

Supply Chain Design Software 250

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

GlobalTranz

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 ). 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

FEBRUARY 17, 2014

Definition of Asset. Definition of Trash. While all leaders can agree that they want more assets and less trash, there is confusion about the best metric. These three simple definitions have very different implications with far-reaching impacts. The more work that I do on metrics, the more I become a fan of ROIC.

Metrics 236

Metrics Food Demand Planning Software Supply and Demand 236

Supply Chain Shaman

JUNE 7, 2021

AMR Research was an industry analyst firm in Boston. I did not think that anyone had a clear definition of supply chain excellence. I argued for industry collaboration to define and drive process innovation. Using new technologies in traditional process definitions reduces the potential for value enablement. I disagreed.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Supply Chain Shaman

JUNE 28, 2020

When I asked for a definition, the phone was silent. Most companies have a hairy, audacious goal, but have failed to give it definition. The names vary– Industry 4.0, I am sharing an example of three industries moving backward on margin and inventory turns. Don’t fall for industry mumbo jumbo. My observation?

Cost Reduction Strategies 418

Cost Reduction Strategies Inventory Reduction Supply Chain Design Software Modeling 418

Supply Chain Shaman

APRIL 9, 2021

Focus on functional metrics without alignment to a balanced scorecard to drive value. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. ” This lack of definition limited the success of planning technologies. Mistake #3. Mistake #5.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

ShipBob

DECEMBER 28, 2022

By teaming up with established suppliers, distributors, manufacturers, and service providers, you gain access to their knowledge and expertise in the industry. Market research is the process of collecting and analyzing data about the market, including consumer habits, competitors, and current industry trends. Request a quote.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Silvon Software

APRIL 11, 2024

It offers insights into customer behaviors, employee performance, industry trends, operational efficiency, and even predictive glimpses into the future. It requires a nuanced understanding of what metrics truly matter, alongside an infrastructure that supports robust data analysis and insight generation.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Supply Chain Shaman

JULY 5, 2016

However, in the writing of the recent report on the Household Products and Beauty industries, my observation is that companies are stuck in neutral and going backwards. Even though the supply chain today is not dead, it is definitely stuck in neutral and going backwards. Who is performing the best in this industry? Reflections.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

Enterra Insights

MARCH 1, 2019

Industry 4.0 is the popular name given to the fourth industrial revolution ushered in by the digital age. They write, “Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s.”[1] ” Some pundits believe Industry 4.0

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Analytics Software 100

Supply Chain Shaman

APRIL 25, 2013

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. I believed that supply chain excellence could not be generalized from industry to industry. I wanted to better understand which metrics truly mattered. Definitions.

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 257

Supply Chain Shaman

JULY 6, 2020

Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The analysis includes over 700 companies across 28 industry sectors. The first step is the definition of a clear strategy. Shown in Table 1 are the averages in the process industry.

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 287

synchrono

AUGUST 22, 2016

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. This got me thinking.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Supply Chain Shaman

MARCH 28, 2016

” The journey for value requires a clear definition and analysis of what is possible. The first step in the journey is to analyze balance sheet results and understand industry trends. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Silvon Software

SEPTEMBER 26, 2023

While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures. For additional KPI concepts and best practices, we welcome you to download Silvon’s Definitive Guide to KPIs.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. While process industries focus on the efficient supply chain of mass production, marketing strategies focus on late-stage postponement strategies and customization. Most are treading water. Many fail.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 156

Supply Chain Shaman

JULY 3, 2015

Hoax definitions – to trick into believing or accepting as genuine something false and often preposterous. To measure improvement, performance needs a clear definition. They want to drive supply chain excellence; but today, the definition is not clear. Leaders need to balance a portfolio of metrics. Reflection.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

MAY 1, 2023

Increasing Need for Strategy Clarity The evolution of GPT and AI crazes the industry. Educate on the importance of designing flows and aligning metrics. Move from functional metrics to a balanced scorecard. Focus all functions on a clear definition strategy and align outcomes. I hope this helps.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

DELMIA Quintiq

MAY 17, 2022

Thanks to constant industry innovation, Integrated Business Planning (IBP) is now also becoming a common topic of conversation. Unfortunately, the definitions of S&OP and IBP are often confusing as they seem to be both distinct and overlapping processes. There’s a clue in the name.

S&OP 156

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 156