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This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value. We enjoy writing them!
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. By creating greater transparency throughout food supply chains, manufacturers can identify where the wastage happens and solve the problem at the source.
Because of a personal relationship, the supply chain manager knows they can call their colleague from sourcing to lean on their vendors to get the shipments expedited. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.
Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Quality Control. Life Cycle Maintenance.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. You may also like this ebook. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. Use the right methodology. Train users on appropriate uses.
Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Quality Control. Life Cycle Maintenance.
You’ll find the answers in the new eBook, 3 Ways to Improve Supply Chain Collaboration. Let’s zero in on the first of the “disconnects” explored in the eBook – data. Get the full story on how to improve supply chain collaboration by downloading the eBook. The challenge: Disconnected data.
Data will almost certainly come from a variety of sources – the supplier, employees and a range of 3rd party sources. Be sure to ensure data is unified across the S2P process and solutions offer native integrations to a robust ecosystem of relevant 3rd party data sources. 5 Strategies to Establish Supply Chain Continuity eBook.
Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Image source: APA. The following experts share eight sources of stress at work. And plenty of us are feeling that stress at work. In…and out…there you go!)
The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”
The second highlight is the emphasis on identifying sustainable upstream operations in material sourcing, suppliers, and manufacturing. Will organizations just continue with business as usual and then tag on to the sustainability gains, based upon their own reduction of cost to serve metrics? Canada, or Mexico.
Get Our EBOOK HERE. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Product Management KPIs!
Evaluate different scenarios simultaneously, and against multiple operational and financial metrics. To help find the answers, “what-if” scenarios must be easy and quick to run, must accept data from many sources, and must support collaboration across the enterprise and the extended supply chain. Download your own copy here.
Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.
GETTING OUT OF THE PRODUCT DEVELOPMENT RUT Whether it’s due to insufficient budgets, lack of resources, or limited performance metrics—some organizations surrender to the old way of doing things. Read our ebook. Learn how Arena can help you embrace this new era of product development and achieve commercialization success. References.
Get OUR EBOOKS HERE. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric? Email Address. Subscribe to Supply Chain Game Changer.
GET our EBOOK HERE. Whether it’s your SVP of Supply Chain or a Sourcing Analyst, it’s important to make sure each member of your organization understands what success looks like and feels their value and purpose within the company. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What Does Success Look Like?
Metrics – Determine what success looks like at various levels, from operational to strategic. For more information on how retailers and manufacturers can come together to meet consumers’ needs in today’s digital world, read this article or take a deeper dive with this ebook. Image Source: [link].
Get Our EBOOK HERE. Source from local suppliers. When you source your products overseas, the lead time may be significantly longer. Lead time is a crucial metric for every eCommerce business. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Drop Shipping Teddy Bears! Find out how your 3PL can help.
GET our EBOOK HERE. But it does mean that you must take immediate steps to correct the pressing matter that is the source of the urgency. There is a specific task, process, operation, metric, personnel or organizational dimension that must be improved. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Download the Ebook: Supply Chain Sustainability and Profitability with Green Logistics. Download the Ebook. They can do this by tracking and documenting all the labor, handling, and materials components from source to destination. Want to create rich sustainability metrics and minimize emissions with effective batch planning?
In this ebook, you will learn how data can be used to identify efficiencies and make logistics improvements. Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. It is critical to leverage transportation analytics to get the most out of your operation. Learn More.
The focus on visibility has generated an onslaught of transportation data — often from numerous sources. Shipping data encompasses thousands of inputs across hundreds of metrics. Download our Ebook: Shedding Light on Transportation Data. Having disparate sources turns even basic questions into an exercise in guesswork.
GET our EBOOK HERE. These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization.
GET our EBOOK HERE. Source: bestbusinesscircle.com. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 3 Most Common Freight Forwarding Scams (and How to Avoid Them)! Infographic). There are many different reasons why people commit fraud or perpetrate scams.
Get Our EBOOK HERE. Despite whatever metrics, business processes, resources, systems, relationships, and contingencies you may have in place, achieving your overall inventory performance objectives is far from easy. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Is Just In Time Past Its Time?
Get Our EBOOK HERE. Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Defining the New Normal in Supply Chain! What’s Normal Anyways?
The product team ensures that off-the-shelf (OTS) parts can be adequately sourced and that manufacturers can build custom parts as needed. The ability to track and analyze metrics provides organizations greater insight into their product and quality processes to drive continuous quality improvement. Business Insights. PLM Resources.
Metrics – Determine what success looks like at various levels, from operational to strategic. For more information on how retailers and manufacturers can come together to meet consumers’ needs in today’s digital world, read this article or take a deeper dive with this ebook. Image Source: [link].
Get Our EBook here. Mistakes & set-backs are the great source for development opportunity. These are the step towards accountable behavior when solving a problem Have balanced, relevant and valid metrics. Plus, metrics protect you. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
This data, of course, requires that you have a CRM in place and are diligent about recording an accurate lead source. There must be clear alignment on how lead sources are assigned for marketing measurement. Free eBook: Lead Generation for Logistics Services: Who’s Job Is It, Anyway? Download the eBook.
Last-mile reverse logistics is the process of moving goods from the final destination (customers) to their source (fulfillment center or warehouse). Download the Ebook. A failed delivery attempt is the most crucial metric that drives the reverse logistics workflow. Let’s jump in! What is last-mile reverse logistics?
Partner with other industry players Did you know other businesses can be the source of your growth? With Facebook advertising metrics, one can also monitor performance and know what exactly works and what does not to help you plan appropriately for next time. Also, check out for aspects they don’t like then do an upgrade.
In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right.
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