This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. The reason?
From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite.
Ethical sourcing is a fundamental aspect of social sustainability. Many organizations are also investing in education and infrastructure to support long-term regional development. Nestlé exemplifies this by working to eradicate child labor in its cocoa supply chain while improving education and infrastructure in farming communities.
Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. The industry’s dependency on traditional energy sources necessitates an urgent shift toward cleaner alternatives. Transparent sourcing practices build trust among consumers and investors.
Preparing the next generation to excel in this dynamic field requires more than traditional education methods. Multi-Tiered System of Support (MTSS) platforms have emerged as innovative solutions in education and training, offering customized support that can profoundly enhance the development of future supply chain experts.
Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, when you look at the background of many supply chain planning workers, you’ll find a huge variation in education and experience. These are the folks you want to do everything in your power to give them the education they need.
Then, blogging and web contents have become the primary source of business ideas for many working professionals. Blogging also allows both business people and educators to reflect and stimulate opinions. However, there are so many blog contents out there and people may find it difficult to identify the information that they can trust.
The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items.
While it’s undeniably important to source products responsibly and produce recyclable or reusable products, companies also need to focus on making the transportation and distribution of products more sustainable. Ensure Your Materials Are Ethically Sourced. Educate Your Staff and Suppliers.
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. Cost of quality.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. Education is fundamental. Then take an inventory of all the sources of channel data in the organization. Analyze inventory health.
Last Mile Delivery Freight Forwarding/Customs Brokerage LTL/Truckload Services Education & Professional Development HR & Labor Management RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! The time to build a leadership culture is now — before your next fleet manager walks away and your supply chain pays the price.
Artificial Intelligence Supply Chain Visibility Regulation & Compliance Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt Sustainability & Corporate Social Responsibility RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! Yee Chow is global head of strategy and implementation at Zevero.
This research was the backbone of the Supply Chain Metrics that Matter series of reports. Instead, they have measured functional metrics or focused on projects. I believe that customer service is a critical metric and a key element of managing a complex supply chain system. The association requires some education.
For smaller fashion brands, as highlighted by Glossy , the financial burden of tariffs can be especially acute, often forcing them to absorb higher costs or shift their sourcing strategies entirely. Educate sales teams. China tariffs continues to evolve, impacting industries from tech to fashion. Reevaluate payment terms.
294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Scope 1 emissions include direct emissions from the company’s owned and controlled sources. Supplier relationships need to move from transactional deals to true sourcing partnerships with their most important suppliers.
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Beyond the promotion of ethical sourcing, it’s also about “how we can extend the life of products,” Balaam says.
The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. I encourage all to do this modeling in simulation to educate executive teams.). Unlock the potential of new forms of analytics and educate teams.
Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.
Techniques range from informal methods like educated guesses to quantitative methods that analyze historical sales data. It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature.
Amazon is the largest private U.S. employer after Walmart Inc., million employees as of the end of March. Most work in warehouses packing and shipping items, but about 350,000 of them have corporate jobs.
Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics U.S. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
These included cloud-based computing, in-memory processing, parallel computation, and open-source analytics. The rise of pattern recognition, machine learning, semantic reasoning, text mining, and open source analytics capabilities opened-up new possibilities to drive improvement. Open Source analytics. open-source analytics.
Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics DHL Express Canada Workers on Strike Following Lockout Last Mile Delivery U.S. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
Unlike traditional tools that often operate in isolation or rely on rigid workflows, AI connects the dots between disparate data sources, providing a more comprehensive view of procurement activities. AI in procurement use cases : Analyzing data from multiple sources to predict demand trends with greater accuracy.
By embedding analytics across logistics, sourcing, and fulfillment, businesses gain the visibility and foresight needed to stay competitive.Analytics-driven leadership is no longer a luxury; it’s the foundation of operational survival in todays volatile business environment.
Featured Product Popular Stories Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics Podcast | The Clock’s Ticking: Time to Get Serious About Radio Equipment Cybersecurity Regulation & Compliance Watch: Why Choose FTZs to Mitigate Tariffs? Timely, incisive articles delivered directly to your inbox.
Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Nick worked with them to provide intensive education of stakeholders, planning managers, general managers, process experts, and SAP specialists on the concept of DDMRP. Drive Change Management Through Education.
When source, make and deliver report to the same organization, progress is quicker. The company that plays to win does not strive to have the best manufacturing costs, or the best procurement practices; instead, the team focuses on winning together cross-functionally on a commonly held portfolio of metrics.
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
Advertise Contact Us Supplier Directory SCB YouTube About Us Login Subscribe Logout My Profile LOGISTICS Air Cargo All Logistics Facility Location Planning Freight Forwarding/Customs Brokerage Global Gateways Global Logistics Last Mile Delivery Logistics Outsourcing LTL/Truckload Services Ocean Transportation Parcel & Express Rail & Intermodal (..)
Gartner, for example, places demand forecasts at the top of their Hierarchy of Supply Chain Metrics to highlight the impact of forecasts throughout the supply chain. This change in job responsibilities may require educating existing planners or hiring new resources with more data analytics experience and training. The Data Opportunity.
Targeted Sourcing: Technology allows businesses to reach specialised talent pools more effectively, utilising niche job boards, professional networks, and AI-driven sourcing tools to pinpoint qualified candidates. Does a VPN Protect Against Cyber Attacks? error: Content is protected !!
The topic of sustainability and being eco-friendly is discussed in K-12 education on a regular basis. Source: Nielsen Product Insider, 10/20/2018. They learn from the outside and are far more likely to encourage their employees to assimilate knowledge from sources external to their company.
As always our goal is to educate and inform. Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process. Top management knows that lean can add value, but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation.
For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. It begins with Education and Certification. (Infographic). Stuck in the Mechanics.
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
There are obvious risks involved in sourcing goods from other countries. Many businesse s today source goods or services from a third party overseas , and there is obvious risk involved. This includes educating them on your company’s Standard Terms of Engagement. In today’s socially connected world, there’s no room for error.
Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group.
Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity. After you have benchmarked your supply chain for sustainability, you will have the intelligence you need to set goals and decide upon the metrics to employ for progress monitoring.
Mansi Arora, Managing Director – Strategy & Consulting, Supply Chain & Operations, Sourcing and Procurement, Accenture, November 29,2022 How does the Logility cloud platform ensure platform stability and scalability? In addition, they monitor the availability of data sources exposed or feed the application integration.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content