Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

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.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

If you start on the factory floor, you start creating change step by step,” says Sofie Nordström, co-founder of QuizRR , a Swedish training and education venture for ensuring corporate social responsibility (CSR). Often it’s those deeper levels that are the source of violations or inadequate working conditions. Business Strategy Alignment Education & Professional Development Global Supply Chain Management HR & Labor Management Supply Chain Security & Risk Mgmt.

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Where Will Companies Find Their Future I.T. Expertise?

Supply Chain Brain

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. As with any supply chain, it all begins with the source. expertise, that’s education. I would say that there’s a greater awareness in the education industry of the need for I.T.

The Gig Economy Is Here to Stay — But Can Workers Survive in It?

Supply Chain Brain

Thirty years ago, when McGovern founded M Square Consulting as a source of independent consulting talent, “we had to educate people [about the option],” she says. McGovern says the nation’s education system must adjust its curricula accordingly. HR & Labor Management Quality & Metrics Regulation and Compliance Global Supply Chain Management Business Strategy Alignment Education & Professional Development Home Page Latest News Home Page Slider Editors' Blog

Sales Can Use RACI Charts to Understand Procurement… and vice versa!

NC State SCRC

In less mature organizations, the sourcing decision will be more ad hoc, will be typically led by decision-makers in the business unit, and the textbook approach of working through business stakeholders at a local level makes sense. What is the organizational hierarchy in procurement – category manager for the category, director of sourcing (transportation and related services), buyers, and CPO? Do they have a formal strategic sourcing program?

As Cities Get ‘Smarter,’ Energy Sector Said to Be at Greatest Risk to Cyberattacks

Supply Chain Brain

The need for more effective communication with residents living in a developing smart city also is apparent, as three in four respondents indicate that municipal governments have not educated residents well about the benefits of living in smart cities. Source: ISACA. Global Supply Chain Management SC Analysis & Consulting Quality & Metrics Supply Chain Security & Risk Mgmt.

Navigating The End-to-End Journey

Supply Chain Shaman

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. It requires education of the organization and a strong leader that can orchestrate functional targets. Wang Laboratories. Eastman Kodak. Nokia, Blockbuster. Polaroid.

Supply Chain Power 50: Best Supply Chain Blogs of 2014

Supply Chain Opz

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. The majority of sites are the corporate blogs followed by blogs of major industry publications, personal blogs and an educational blog.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods. The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

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Forecast Accuracy at the SKU Level is Achievable

Logility

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. Over my 25+ year supply chain career I have worked for several distribution-intensive companies and every single one of them had a focus on improving forecast accuracy.

Defining Your Own Logistics Competitive Weapon

Talking Logistics

Source: “Tech in Asia” – https://www.techinasia.com. Another example: A few years ago I met with a supply chain executive at a leading food manufacturer who was working closely with the sales team to educate them on how to position the company’s supply chain and logistics capabilities as a competitive differentiator with their clients. For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center.

What I have Learned Working on the Supply Chain Index

Supply Chain Shaman

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. So, while I would like to have customer service in the index, there was no good source of data. The association requires some education. It started at my kitchen table.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

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. We had silo’s and different functional areas had competing metrics that prevented progress.

3 Components to a Complete Lean Transportation Management System

LeanCor

We have formally educated, experienced, and disciplined logistics professionals on our transportation team. Lean Leaders invest time, effort, and resources for team member training and education, and ensure the appropriate curriculum for all levels of the organization. We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone.

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Welcome Puff, The Magic Dragon, to Your Team

Supply Chain Shaman

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: A set of languages, techniques and tactics to enable parallel processing, schema on read, and data insights. Open Source analytics. open-source analytics.

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Addressing UN Sustainable Development Goal 5: Steps to Promote Gender Equality in the Supply Chain

EcoVadis

These goals aim to eliminate poverty and hunger, promote global access to healthcare and education, protect earth’s natural resources, achieve gender equality, and more. Increase transparency with better metrics and reporting. Setting up meaningful and accurate metrics and goals, appropriate to the size and sector of the organization, is key for quality reporting, which in the end means more transparency into sustainable progress. Educate and train suppliers.

A Tale of Two Companies: Different Quality Management Starting Points!

Supply Chain Game Changer

However they had no concept of “Quality Management” In Company 1 there were absolutely no Quality controls, no Quality metrics, no Quality standards, and no Quality processes. Also addressing the issues at the source or point of origin and reducing opportunities for error needed strengthening. In Company 1 my focus began with education. A set of appropriate metrics was established. People were educated on what quality was. Subscribe Here!

Counterfeit products are exploding on Amazon

NC State SCRC

However, supply chain executives who are brand owners have a responsibility to address this issue, and focus on mapping and monitoring their supply chain, something sourcing professionals often refer to as supplier relationship management (SRM). They recognized the need to find new ways to deceive and disguise the content, as law enforcement was not an effective source of protection. Establishing metrics is important to help define how “success” is measured.

Building the Business Case for Digital Transformation of Supply Chain Planning

Logility

Materials and components are sourced from ever-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. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

Embracing the Digital Supply Chain

Supply Chain Shaman

Historically, supply chain processes were functional focused on make, source and deliver. The next step is education. Digital sourcing? The use of new network technologies to sense and manage supplier relationships to ensure ethical and reliable sourcing.) Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. This week I am busy packing.

The procurement Summit 2016

Supply Chain Movement

Launched in 2014 and brought to you by the eWorld Procurement & Supply team, The Procurement Summit will provide senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. The Procurement Summit will provide: Educational seminars on the latest industry issues. Procurement Metrics. The procurement Summit 2016.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Source In logistics, transporting goods from one place to another has been a major cause of carbon footprint and environmental pollution, even though other activates of logistics also have a considerable impact on environment.

Technology and the Supply Chain: What Does the Future Hold?

Kinaxis

Big business are jumping on the bandwagon too – utilizing collaborative distribution, reverse logistics and cooperative sourcing to lower costs, improve efficiency and better optimize their supply chain. Smart machines, more workforce automation, and new ways to improve processes will be in place, but what about the education required to teach supply chain leaders how best to utilize these emerging technologies? by Alexa Cheater Meet the Jetsons!

Demand-Driven Transformation at Shell

Supply Chain Shaman

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. Nick formed a tight-knit implementation group with business users, and technologists used the backbone of SAP ERP to source master data and transactional flows from SAP and into Orchestr8.

Electronics Industry: Top 3 Steps to Keep in Mind When Implementing a Sustainable Procurement Program

EcoVadis

Sustainable procurement offers benefits for all parties – it delivers customers safe, ethically sourced products, and reduces overall supply chain risk. Investing in supplier education around the laws, regulations and sustainability issues affecting their business is key to all parties’ success. A more educated supply base and workforce are better equipped to ensure a sustainable supply chain.

S&OP, a vision for the future. The expert interview series #1

Supply Chain Trend

This implementation was a “white board / bootstrap” exercise; we totally designed and changed our processes to adopt much of the standard Oliver Wight methodologies and processes, which included extensive education and workshops to start, and then full implementation. Prior to this experience, I never heard of S&OP or Oliver Wight. Also, building in S&OP process metrics, not just business operating metrics is critical to success. Introduction.

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Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

With the production of quality products creating less waste, the ‘scorecards’ for source reduction targets are met, provided to mass retailers and promoted, but no metrics are dealing with in-transit shipping damage. Just as technology and education are gradually making a difference in understanding the carbon footprint of sustainable logistics, gradually the same influences are increasing visibility into sustainable logistics impact of product damage.

Supply Chain Talent: Insights from CSCMP Annual Conference

Talking Logistics

We also need to focus our efforts with students even earlier in their education, perhaps more outreach efforts to high school students. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. “The biggest mistake companies make as they’re growing is leaving supply chain management and human resources behind.”.

Top 25 Supply Chains of 2018

Material Handling and Logistics

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score. So the CSR score too is more of a popularity contest than a consistent metric. Source ID.

CAPS Procurement Analytics Study Highlighted in Inside Supply Management

NC State SCRC

What forms of cognitive solutions are emerging to drive real-time decision-making and predictive sourcing capabilities? What sources of data must be developed and adopted to support these analytical solutions? Supplier analytics, technology trends, risk metrics, social media, open source data, etc). Organizations must think about their capacity to absorb the new analytical approaches – and this means education, experimentation, training, and pilot projects.

Decoding the Language of Demand

ToolsGroup

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. Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders.

Suuchi Ramesh on Supply Chain Platforms

Requis

The single source of truth and the platform play has become almost common in other industries, but not supply chain. I think the onus is on the founding team and the leadership team in terms of educating and evangelizing.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. A look at the supply chain readiness of several major U.S. cities, and their adoption of smart-city technologies. Deloitte Consulting and the Metro Atlanta Chamber have teamed up to analyze how seven large metropolitan areas of the United States are transforming their traditional supply chain base into digital supply chains.

No Easter Bunny?

Supply Chain Shaman

High-velocity or streaming data requires different architectures built on non-relational, cloud-based architectures using open source tools like Apache Spark. To move forward, and gain consensus, requires the education of the finance team on demand-driven and market-driven concepts. source Moody’s). In the United States, the FDA, buoyed by sugar lobbyists, built educational materials that a calorie was a calorie.