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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

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. Reward teams for cross-functional metrics. This is the goal of this post.

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Production Management: Definition, Tools, & Processes

Unleashed

Predictive maintenance Predictive maintenance uses a variety of technologies – such as artificial intelligence, machine learning , and the Internet of Things – to gather data from your machinery and equipment. Secondly, it also looks at total quality management which is a customer-focused approach to continuous improvement over time.

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Modern Metrics

synchrono

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Combat data overload by knowing what you want to achieve and focusing on metrics that align with those goals.

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Measuring Up?

Supply Chain Shaman

” The journey for value requires a clear definition and analysis of what is possible. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. A Look at History.

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Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Robotics/wearables/the Internet of Things/additive manufacturing coalescence is redefining manufacturing. This includes the definition of spare part requirements, maintenance outages, and production planning. BPO/3PL providers need to be eliminated through machine learning and automation. We don’t have the answers.

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Mining Supply Chain Data for Insights

Supply Chain Shaman

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. The better supply chain planning implementations produce tighter and more reliable patterns at this important metrics intersection. Shown in Figure 1 is an example of resiliency.

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Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. Companies balance supply chain metrics better in good times than bad. Reader’s note, the way to reach this chart is to first identify the average value for the metric for the period of 2010-2016.