Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2

Cerasis

This is part two of the Top 10 Metrics to Track and Manage Risk in the Supply Chain article. Weather-related events occur, and public health scares always seem present. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2 appeared first on Transportation Management Company | Cerasis. Check out part one here. Disruption is nothing new to supply chain professionals. Then, the COVID-19 crisis changed the game.

So Many Metrics, Which Ones Matter the Most?

Talking Logistics

When it comes to supply chain and logistics metrics, companies are either tracking too many of them or they have so many metrics to choose from that figuring out the right approach to performance measurement is a challenge. Are there any guiding principles to selecting the “right” metrics? What metric categories beyond cost and service are also important? The post So Many Metrics, Which Ones Matter the Most? Live Episode: Thursday, July 28, 2016 at 12:00 pm ET.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

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.

5 key metrics for last-mile logistics

Abivin

It is not an easy task, but thanks to the 5 key metrics below, we can better manage the performance of this last mile supply chain. Cost per Km The Cost per Km metric is an easy way to determine the cost it takes to drive a vehicle one kilometer. A metric is needed to monitor how much capacity has been used up, hence the Fleet Capacity Utilization metric. To keep this unplanned events under control, we need real figures.

Guest Post: Ignoring this Performance Metric is Risky

TMC

It can be practically zero—as is the case with earthquakes and fires—or even negative, when a disruption is detected after the event. However, the number of extreme events appears to be on the rise, and companies are becoming more sophisticated weather watchers. Rather than attempt to keep track of all possible disruptive events worldwide, many enterprises subscribe to event monitoring services that collect incident data, analyze the severity, and relay selective alerts to clients.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

If supply chain is the ultimate team sport, nothing tests the game strategy and teamwork like a worldwide event. Preparations for this athletic mega event have been at full throttle for a long time. With 32 countries facing off in 64 soccer matches, everything must be perfectly coordinated so as not to mar the magic of the event. Massive sports events, such as the World Cup, involve Herculean tasks that few people see.

Leveraging Technology to Achieve Operational Excellence | Panel

DELMIA Quintiq

Identify metrics, analytics and projects to drive business improvements. 3DEXPERIENCE Digital Manufacturing Event business DELMIA digital manufacturing panel suppliesWe are more than six months into the COVID 19 global pandemic.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

Event companies perpetuate the myths of best practices. The industry has too many events. The events funded by sponsorships not a quest for the truth. In the last decade, each party—consultants, technologists and event companies– have made a lot of money. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. Stop the spend on sponsorships at events.

Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

At the event, we will also announce the winners of the Supply Chains to Admire methodology for 2015. It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Cash-to-cash is a compound metric.

Sustainable Purchasing & Supply Summit 2015

Supply Chain Movement

Organization: Revolution Events. The 2015 event will again offer two complementary SPSS Masterclasses, available as separate half-day sessions or together as a full-day programme, the conference is chaired and supported by Carbon Trust. The Latest Thinking on Metrics, Reporting & Compliance. Sustainable Purchasing & Supply Summit 2015. Date: 22 September 2015. Venue: QEII Centre, London. URL: www.spssummit.com .

Wanted: Supply Chain Architects!

Supply Chain Shaman

I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design.

Understanding Supply Chain Management

SupplyPike

Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Forecast and Forecast Variance: To keep up with the current volatility, retailers are tweaking the “event forecast” frequently. Supply Plan: The Supply Plan metric provides Walmart’s best guess on how many units it expects to order from a supplier. Our Retail Intelligence software allows you to view all sorts of metrics in easy to understand charts, maps, and numbers.

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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. Resiliency is the ability to drive reliable results at the intersection of inventory turns and operating margin.This is measured by a vector analysis at the intersection of the two metrics for the period of 2010-2016. Correlations Between Survey Factors and Financial Metrics. Mine sweeping is essential to warfare.

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5th Annual Life Sciences Supply Chain Summit EU

Supply Chain Movement

The Life Sciences Supply Chain Summit is the only event that brings together all segments of the European life sciences supply chain. If the European life sciences supply chain is your business, this is the one event that you cannot afford to miss. Instead, the aim of the event is for each delegate to have the chance to weigh-in with their personal supply chain experiences and crowd-solve them in a series of interactive workshop style sessions.

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Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

To register for the events, contact Regina Denman at regina.denman@supplychaininsights.com. Supply chain excellence Supply Chain Talent Supply Chains to Admire cold chain healthcare Metrics That Matter Novo NordiskWith more than 90 years of innovation in diabetes care, Novo Nordisk is a global pharmaceutical leader. The logo to the left showcases the evolution of the brand over time.) The Company’s goal is to defeat diabetes and drive better patient outcomes.

New Books for Your Bookshelf

Supply Chain Insights

This year, we will publish two new books: Supply Chain Metrics That Matter and The Shaman’s Journal. Supply Chain Metrics That Matter will publish in December 2014. It is a story of a fictional leadership team that uses the Supply Chain Index to determine which metrics matter, how to judge supply chain improvement, and how to gain alignment. The book details what is possible, and at what rate, for metrics improvement based on lessons from leaders.

Insights from Kinexions Tokyo 2016

Kinaxis

by Dr. Madhav Durbha Kinaxis hosted Kinexions Tokyo 2016 customer user conference event at the Canadian embassy in Tokyo. It was a stupendously successful event with many customers, prospects, and partners in attendance. Here are some common themes based on the presentations and the conversations I had with the event attendees: Organizations are looking to digital supply chains as a differentiator. All in all it was a great event!

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Demand Planning – We Must Grow our own Garden

DynaSys

These are the metrics a demand planner needs to know and understand to confirm their assumptions. The key to this step is to gather information about a specific event, such as the end of a product life cycle, shortage, promotional effects, etc.,for Featured Market trends data Demand Planner Demand Planning Forecast Forecasting Garden Gardening Lezenven Ludovic Lezenven Metrics Nurturing Product Life Cycle Promotional effects Shortage Supply Chain Voltaire

eWorld Procurement & Supply September 2016

Supply Chain Movement

Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Procurement Metrics. More information >> Register now >> Events event eworld procurement & supply innovation London networking Procurement QEII Centre revolution events risk management Summit supply supply chaineWorld Procurement & Supply. Date: 27 September 2016. Venue: QEII Centre, London. URL: www.eworld-procurement.com/.

Top 15 Supply Chains to Admire from the Supply Chain Insights Conference

Kinaxis

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. I know the Sales and Marketing folks have lots of elaborate events to celebrate their achievements, and we in supply chain needed to pause from our 17 hour flights to far off places to negotiate a 2% reduction in cost, and celebrate our industry. .

eWorld Procurement & Supply 2016

Supply Chain Movement

Organization: Revolution Events. The Leading Bi-Annual Event for Procurement Innovation. Procurement Metrics. Register now for free and we will keep you up to date with the event highlights as the programme comes together >> Events Bi-annual event e-Invoicing eworld procurement & supply Internet of Things London procure-to-pay procurement innovation QEII Centre revolution events risk management stakeholder management

The procurement Summit 2016

Supply Chain Movement

Organization: Revolution Events. Procurement Metrics. More information >> Register now >> Events event eWorld Internet of Things Manchester Midland Hotel Procurement Procurement Summit revolution events risk management Summit supply chainThe procurement Summit 2016. Date: 15 November 2016. Venue: The Midland Hotel, Manchester. URL: www.procurement-summit.co.uk/.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

The idiom, rearranging the deck chairs on the Titanic, symbolizes working on something pointless or insignificant because it will soon be overtaken by events. The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics.

Themes from the 2018 SCM World Leaders Forum

Kinaxis

With approximately 200 professionals in attendance the event is rather exclusive, which provides plenty of one-on-one networking opportunities. In his opening remarks, Kevin O’Marah, Chief Content Officer at SCM World, introduced the event’s theme, “Power of the Profession”. In addition, supply chain leaders should translate those metrics into frameworks for daily decisions at individual DC, plant, and production line levels. by Dr. Madhav Durbha.

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A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? General News Pharma and life sciences supply chain management Supply Chain Events Supply chain management

Takeaways from the 2018 Gartner Supply Chain Executive Conference

Kinaxis

With more than 2200 supply chain professionals in attendance, the event had a very good representation across practitioners, technology providers, and consultants. Here are some key takeaways from the Gartner supply chain event: 1. Simon advocated that traditional metrics such as on-shelf availability (OSA) will need to be augmented with the likes of online availability (OLA). by Dr. Madhav Durbha Supply chain insights from leading industry experts.

4 Supply Chain Minds You Ought to Hear at Kinexions

Kinaxis

And as the saying goes, ‘You can’t manage what you can’t measure’ and questions remain regarding what metrics to use to measure the success of new planning solutions within EMEA Automotive. Sales and operations planning (S&OP) Supply Chain Events Supply chain management APO Avaya Bristol Bristol-Myers Squibb Kinexions RapidResponse Schneider Electric Supply chain

Supply Chain KPIs You’ll Want Every Morning

Logility

Each of these events was completely devastating to the company concerned. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Metrics.

Preparing Your Supply Chain for Capacity Challenges

Transplace

You need to spend the necessary time to create a playbook for what will happen within your network during any disruption or seasonal event. Data, Metrics and Communication. In order to reach true network optimization, shippers need to utilize the right analytics and business intelligence, and there are a few key metrics that help paint an overall picture. Preparing Your Supply Chain for Capacity Challenges. By Darren Miesner, Vice President of Operations, Transplace.

On the road! 4 September supply chain conferences we love

Kinaxis

This exclusive event is designed for the line-of-business leader (Supply Chain Leaders, Chief Financial Officers and Corporate Social Responsibility Leaders) driving supply chain excellence and building value networks. General News Sales and operations planning (S&OP) Supply Chain Events Supply chain management Detroit Gartner Supply Chain Executive Conference LinkedIn LogiPharma London North America Original equipment manufacturer Sales and operations planning Supply chain

Preparing Your Supply Chain for Capacity Challenges

Transplace

You need to spend the necessary time to create a playbook for what will happen within your network during any disruption or seasonal event. Data, Metrics and Communication. In order to reach true network optimization, shippers need to utilize the right analytics and business intelligence, and there are a few key metrics that help paint an overall picture. Preparing Your Supply Chain for Capacity Challenges. By Darren Miesner, Vice President of Operations, Transplace.

17th European Logistics CIO Forum

Supply Chain Movement

Data and Analytics – turning data into value for supply chain and logistics – Explore the very latest metrics, analytics and best practices for leveraging data in supply chain and logistics in actionable mechanisms to increase your forecasting, cut costs and deliver to your customers. Download the brochure>> Events Amsterdam data and analytics event eyefortransport Forum hyatt place it executives it innovation logistics Logistics CIO Forum schiphol supply chain