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Attending the conference was Alexia Howard, Senior Research Analyst – US Foods for Sanford C. The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. Last week was the Supply Chain Insights Global Summit. It was great to see old faces at the kick-off. MORE
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. MORE
A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. PRESS RELEASE. New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . BOSTON, Mass. and HOUSTON, Tex. MORE
Food and farming is one of the biggest economic sectors in the world. In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. the food chain now includes the agribusiness companies, the retailers, and the entertainment sector. Department for Environment, Food and Rural Affairs, in 2014 the food and drink manufacturing sector contributed £27bn to the economy, and employed 3.8 MORE
Consumer demand across many product categories experienced a sudden shift, as well, with demand for essential products like food, cough medicine, disposable gloves and toiletries increasing sharply, while demand for non-essentials like clothing and jewelry declined sharply. Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.” MORE
In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency. With 40 percent of GSK’s carbon footprint coming from the procurement of raw materials, the company recognised that tackling its own emissions wouldn’t be enough to reduce its carbon footprint – it would need to support suppliers to do the same. MORE
It is a feast of epic proportions, and there’s a spread of food big enough to feed Coxey’s Army (as my Grandmother always says). If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Now that you have some food for thought, will you be focusing on Supplier Quality Management? MORE
Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Mondelez Performance Against the Food Group for 2010-2019. MORE
Others, such as food & beverage experienced earthshaking shifts in demand to which most players were ill-equipped to quickly adjust. Sudden capital & cash shortfalls caused service levels to plummet and procurement and operations to scramble for alternatives. MORE
Gen Z is able to order food from their phone, or even order a taxi through an app. Understandably, this also complicates the supply chain, because a wider breadth of product needs to be procured and distributed. Large stores are seeing failing metrics for this reason. Generation Z is coming of age. They're entering the workforce and becoming part of the economy. And that's driving many retailers to change their focus to meet their expectations. MORE
Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Also, machine learning is leading to more accurate measures of Overall Equipment Effectiveness (OEE), a key metric many manufacturers and supply chain operations rely on. MORE
Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. Traditionally E2open sold to the procurement organization. MORE
The production and use of biobased products replacing petroleum-based products has the potential to reduce GHG emissions up to 10 million metric tons of CO2 equivalents. Just like the report does as well… Biobased Products Corporate Social Responsibility Emerging Issues in Supply Chain Energy Supply Chain Food Supply Chains Procurement Sustainability Supply Chain Economics Supply Chain Management Sustainability MORE
” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. Plus, metrics protect you. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. MORE
Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. This is a radical representation, as it requires thinking that the key performance metric in this case is agility and responsiveness to customer and technological change. Talent should be part of building a procurement transformation, and not an after-thought. MORE
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. For example, a supply chain executive at a leading food manufacturer is working closely with the sales team to educate them on how to position supply chain and logistics capabilities as a competitive differentiator with clients. MORE
Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. So, if it’s going to be a rainy day on a Saturday, we can start to predict earlier traffic into malls, and then greater traffic through the food courts etc. MORE
William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally. He has led supply chain organizations in the consumer electronics, life sciences, automotive, medium & heavy-duty truck, energy and food & beverage industries. MORE
Both companies provide packaging materials to the food manufacturing industry. Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. Products have proliferated by 37% over the last five years and packaging suppliers are being asked to provide more and more innovation to help the food manufacturers bring new products to the market. It cannot be about singular metrics. MORE
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. For example, a supply chain executive at a leading food manufacturer is working closely with the sales team to educate them on how to position supply chain and logistics capabilities as a competitive differentiator with clients. Happy New Year! I hope you all had a fun and relaxing holiday. MORE
Many shippers are seeing surge capacity, especially in the CPG industry (water, cleaning supplies, paper products, shelf stable, and other food items). VLSFO (Very Low-Sulfur Fuel Oil) $315 per metric ton 3/12 comparted to $740 per metric ton in January 2020 = 57% decrease. Also, provide weekly data and reports to operations and procurement teams. Letter from the CEO: Coronavirus Market Update. By: Frank McGuigan, Chief Executive Officer, Transplace. MORE
At the moment, most factories using the training tool are in China and Bangladesh, although QuizRR is also pursuing contracts in Mauritius and Thailand, the latter in collaboration with 10 Nordic food brands. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. MORE
The first story is about a large regional food manufacturer. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. MORE
I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. And, do I have food grade certification? And, again, with the power of the marketplace in scale, you start to get comparative metrics. Well, imagine being able to measure those metrics in an apples-to-apples way across hundreds of providers. And when you go start to look for a new provider, those metrics are available so that you can compare even before working with them. MORE
We have found that supply chain metrics are gnarly and complicated.During Food and Beverage Company Performance on the Supply Chain Index for the Period of 2006-2012. In our program, cost avoidance, while desirable, does not count towards the metric. We would not have succeeded without a team effort across R&D, the business leaders, and SC disciplines of engineering, procurement, and manufacturing. MORE
The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. This is the world view of finance and why there is so much friction between procurement and finance. He hires a team of doctors and mental health professionals to track the shifts in his body as he changes his diet to a low-fat diet based on commercially available foods. MORE
My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? . MORE
But the single most important Supply Chain is the Food Supply Chain! Our very survival depends on there even being a Food Supply Chain. On one hand there is a horrendously large amount of Food Waste. The Food Supply Chain, the most important Supply Chain in the World, is BROKEN! Food Waste. Over 1/3 of all the food that is produced in the world is wasted! Billion tonnes of food every year. Food Waste Meets World Hunger. Subscribe Here! MORE
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. MORE
On this webinar, we shared data that we have collected on financial metrics for the healthcare value network (see figure 1) and we asked a panel of Karen Conway from GHX; Ken Thomas, previously of Eli Lilly, and now the founder of Taith Group; and Roddy Martin, previously a Vice President at AMR Research and now at Accenture, the question ”How do we Heal the Healthcare Value Chain?” MORE
I have been working with Jay Golden at Duke University on the biobased forecasting project for the USDA, seeking to understand the current scope of the biobased product market ( focused on non-fuel, non-food products). He has been working in the industry for over 25 years, and we had an opportunity to share thoughts on the “food vs. fuel” debate. There is hunger in the market, but it is not caused by a shortage of food. MORE
Someone still has to produce cars; develop real estate and build homes; manufacture carpets, faucets and tile; process food items; produce movies; etc. Blog Digital Transformation ERP Execution Planning Procurement Supply Chain Transformation Thought Leadership MORE
As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on. In addition, it will require simple, holistic metrics that capture all areas of business risk for contract factories, and which encompass both current and future risks. MORE
My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. Some of the many issues that undergo different social and political debates include guns, the use of military force, sugar water, cigarettes, fatty food, and many other issues. For instance, Whole Foods allows each store to bring in goods from local farmers, and allow them to integrate local philosophies into their decision-making. MORE
Supply Chain Shaman
DECEMBER 28, 2020
The first story is about a large regional food manufacturer. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay.
Supply Chain View from the Field
MARCH 13, 2015
I have been working with Jay Golden at Duke University on the biobased forecasting project for the USDA, seeking to understand the current scope of the biobased product market ( focused on non-fuel, non-food products). He has been working in the industry for over 25 years, and we had an opportunity to share thoughts on the “food vs. fuel” debate. There is hunger in the market, but it is not caused by a shortage of food.
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Supply Chain Shaman
FEBRUARY 11, 2014
My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? .
Supply Chain Game Changer
NOVEMBER 6, 2018
But the single most important Supply Chain is the Food Supply Chain! Our very survival depends on there even being a Food Supply Chain. On one hand there is a horrendously large amount of Food Waste. The Food Supply Chain, the most important Supply Chain in the World, is BROKEN! Food Waste. Over 1/3 of all the food that is produced in the world is wasted! Billion tonnes of food every year. Food Waste Meets World Hunger. Subscribe Here!
Supply Chain Shaman
MARCH 18, 2018
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.
Supply Chain View from the Field
OCTOBER 4, 2015
As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on. In addition, it will require simple, holistic metrics that capture all areas of business risk for contract factories, and which encompass both current and future risks.
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NC State SCRC
OCTOBER 3, 2016
The production and use of biobased products replacing petroleum-based products has the potential to reduce GHG emissions up to 10 million metric tons of CO2 equivalents. Just like the report does as well… Biobased Products Corporate Social Responsibility Emerging Issues in Supply Chain Energy Supply Chain Food Supply Chains Procurement Sustainability Supply Chain Economics Supply Chain Management Sustainability
Supply Chain Brain
JULY 2, 2018
At the moment, most factories using the training tool are in China and Bangladesh, although QuizRR is also pursuing contracts in Mauritius and Thailand, the latter in collaboration with 10 Nordic food brands. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely.
Bristlecone
AUGUST 17, 2020
Someone still has to produce cars; develop real estate and build homes; manufacture carpets, faucets and tile; process food items; produce movies; etc. Blog Digital Transformation ERP Execution Planning Procurement Supply Chain Transformation Thought Leadership
Supply Chain Game Changer
NOVEMBER 23, 2018
It is a feast of epic proportions, and there’s a spread of food big enough to feed Coxey’s Army (as my Grandmother always says). If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Now that you have some food for thought, will you be focusing on Supplier Quality Management?
Supply Chain Shaman
AUGUST 12, 2020
Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Mondelez Performance Against the Food Group for 2010-2019.
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ToolsGroup
SEPTEMBER 25, 2019
A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. PRESS RELEASE. New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . BOSTON, Mass. and HOUSTON, Tex.
Supply Chain Shaman
OCTOBER 1, 2013
Both companies provide packaging materials to the food manufacturing industry. Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. Products have proliferated by 37% over the last five years and packaging suppliers are being asked to provide more and more innovation to help the food manufacturers bring new products to the market. It cannot be about singular metrics.
DynaSys
JANUARY 13, 2021
Others, such as food & beverage experienced earthshaking shifts in demand to which most players were ill-equipped to quickly adjust. Sudden capital & cash shortfalls caused service levels to plummet and procurement and operations to scramble for alternatives.
Supply Chain Shaman
SEPTEMBER 17, 2014
Attending the conference was Alexia Howard, Senior Research Analyst – US Foods for Sanford C. The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. Last week was the Supply Chain Insights Global Summit. It was great to see old faces at the kick-off.
Talking Logistics
OCTOBER 27, 2016
In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency. With 40 percent of GSK’s carbon footprint coming from the procurement of raw materials, the company recognised that tackling its own emissions wouldn’t be enough to reduce its carbon footprint – it would need to support suppliers to do the same.
Talking Logistics
JANUARY 5, 2014
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. For example, a supply chain executive at a leading food manufacturer is working closely with the sales team to educate them on how to position supply chain and logistics capabilities as a competitive differentiator with clients.
Talking Logistics
JANUARY 4, 2016
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. For example, a supply chain executive at a leading food manufacturer is working closely with the sales team to educate them on how to position supply chain and logistics capabilities as a competitive differentiator with clients. Happy New Year! I hope you all had a fun and relaxing holiday.
AFFLINK
NOVEMBER 19, 2019
Gen Z is able to order food from their phone, or even order a taxi through an app. Understandably, this also complicates the supply chain, because a wider breadth of product needs to be procured and distributed. Large stores are seeing failing metrics for this reason. Generation Z is coming of age. They're entering the workforce and becoming part of the economy. And that's driving many retailers to change their focus to meet their expectations.
IQMS
OCTOBER 18, 2019
Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Also, machine learning is leading to more accurate measures of Overall Equipment Effectiveness (OEE), a key metric many manufacturers and supply chain operations rely on.
NC State SCRC
DECEMBER 8, 2019
My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. Some of the many issues that undergo different social and political debates include guns, the use of military force, sugar water, cigarettes, fatty food, and many other issues. For instance, Whole Foods allows each store to bring in goods from local farmers, and allow them to integrate local philosophies into their decision-making.
Supply Chain Shaman
MARCH 8, 2016
Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. Traditionally E2open sold to the procurement organization.
Supply Chain Game Changer
NOVEMBER 17, 2020
” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. Plus, metrics protect you. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Material Handling and Logistics
JUNE 25, 2018
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.
NC State SCRC
DECEMBER 28, 2015
Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. This is a radical representation, as it requires thinking that the key performance metric in this case is agility and responsiveness to customer and technological change. Talent should be part of building a procurement transformation, and not an after-thought.
Supply Chain Shaman
FEBRUARY 18, 2013
On this webinar, we shared data that we have collected on financial metrics for the healthcare value network (see figure 1) and we asked a panel of Karen Conway from GHX; Ken Thomas, previously of Eli Lilly, and now the founder of Taith Group; and Roddy Martin, previously a Vice President at AMR Research and now at Accenture, the question ”How do we Heal the Healthcare Value Chain?”
Supply Chain Shaman
AUGUST 11, 2014
We have found that supply chain metrics are gnarly and complicated.During Food and Beverage Company Performance on the Supply Chain Index for the Period of 2006-2012. In our program, cost avoidance, while desirable, does not count towards the metric. We would not have succeeded without a team effort across R&D, the business leaders, and SC disciplines of engineering, procurement, and manufacturing.
Supply Chain Shaman
FEBRUARY 25, 2016
The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. This is the world view of finance and why there is so much friction between procurement and finance. He hires a team of doctors and mental health professionals to track the shifts in his body as he changes his diet to a low-fat diet based on commercially available foods.
Requis
OCTOBER 30, 2020
Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. So, if it’s going to be a rainy day on a Saturday, we can start to predict earlier traffic into malls, and then greater traffic through the food courts etc.
Transplace
MARCH 18, 2020
Many shippers are seeing surge capacity, especially in the CPG industry (water, cleaning supplies, paper products, shelf stable, and other food items). VLSFO (Very Low-Sulfur Fuel Oil) $315 per metric ton 3/12 comparted to $740 per metric ton in January 2020 = 57% decrease. Also, provide weekly data and reports to operations and procurement teams. Letter from the CEO: Coronavirus Market Update. By: Frank McGuigan, Chief Executive Officer, Transplace.
6 River Systems
JUNE 29, 2020
Consumer demand across many product categories experienced a sudden shift, as well, with demand for essential products like food, cough medicine, disposable gloves and toiletries increasing sharply, while demand for non-essentials like clothing and jewelry declined sharply. Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.”
6 River Systems
FEBRUARY 25, 2019
William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally. He has led supply chain organizations in the consumer electronics, life sciences, automotive, medium & heavy-duty truck, energy and food & beverage industries.
FLEXE
DECEMBER 11, 2016
I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. And, do I have food grade certification? And, again, with the power of the marketplace in scale, you start to get comparative metrics. Well, imagine being able to measure those metrics in an apples-to-apples way across hundreds of providers. And when you go start to look for a new provider, those metrics are available so that you can compare even before working with them.
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