My Take: Metrics that Matter

Supply Chain Shaman

Dialogue with global supply chain teams energizes me. Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics.

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.

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Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

I keep seeing the word efficiency in the manufacturing media. When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). Let’s discuss why an efficiency metric is usually not the right metric and what a Lean manufacturing expert does when measuring true value in the supply chain.

Hosted Managed Services Benefits to Manufacturers

IQMS

Bottom Line: Manufacturers are opting to deploy their ERP systems over Hosted Managed Services to slash high licensing and I.T. The Covid-19 pandemic digitally transformed manufacturing faster than the most persuasive, profitable business case ever could.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

For instance, a growing number of cell phone manufacturers have established procedures in place for consumers who wish to return an older model and ensure that the device is refurbished or recycled rather than dumped into the local landfill. Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

I strongly feel that if I am going to cover the global supply chain that I need to experience it. Connectivity enabled the growth of the global supply chain opening up markets driving opportunity. However, globalization comes with responsibility. The traditional manufacturing job defined the middle class. As we have driven improvements in globalization, jobs shifted as companies chased lower costs of labor. ” Entertainment and fast food globalized fast.

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Cliff Morris | The State of Manufacturing

4WL Consulting

C3Nano is a material technology company developing and manufacturing transparent conductive films, the main component in all touch sensors used in phones, tablets, and more. Based in Silicon Valley, they’re fully scaled in California but have operations in China and South Korea, giving Cliff an up-close perspective on offshore manufacturing, supply chain, and more. The top trends impacting manufacturing in the next 3 to 5 years. The Future of Manufacturing.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. Global pressure. Of course, like any industry, Semiconductor and HDD manufactures are faced with a set of unique challenges in their space that puts their supply chain at risk. – as information moves down the supply chain to the manufacturer.

Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete

Cerasis

Two weeks ago the Bureau of Labor Statistics handed down some pretty dismal news for American manufacturing—news that was largely overshadowed by the façade of job growth numbers. Yes, American manufacturing is adding jobs. And that’s very dangerous, especially because that decline extends to the manufacturing sector. Manufacturing: A Global Competitive Landscape… Can the US Keep up? Data Manufacturing

AGCO: Driving a Digital Manufacturing Transformation

Supply Chain Shaman

Peggy was a speaker at the Supply Chain Global Summit. While many employers would have penalized the employees for tablet breakage , Peggy explored the world of wearables to enable her digital manufacturing transformation. AGCO’s culture of innovation policy deployment enabled employees to pioneer a technology solution for manufacturing. To solve these problems, AGCO partnered with Proceedix to develop an application for manufacturing.

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Manufacturing lean manufacturing

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Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

Four Common Challenges Facing The Manufacturing Industry In 2019

IQMS

The manufacturing industry continues to show strong resiliency, shaking off global trade uncertainty, finding ingenious workarounds to its labor crisis, while still innovating new products using design-to-manufacture workflows. 76% of all manufacturers prioritize improving shop floor productivity as their most valuable growth strategy, 1.4 The manufacturing skills gap could potentially leave an estimated 2.4

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. to manufacturing value added in 2020.

Leveraging Technology to Achieve Operational Excellence | Panel

DELMIA Quintiq

We are more than six months into the COVID 19 global pandemic. However, Covid as a global crisis has been also called the great enabler: we are discovering many things that we did not know about ourselves. Identify metrics, analytics and projects to drive business improvements.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

At Flextronics in Milpitas, CA, judges from outside of the Flextronics organization also contribute to the nature of Flex’s global lean competition. These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs. Specific metrics: process metrics and outcome metrics.

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Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. How do you balance metrics ? .

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” Reward teams for cross-functional metrics. Focus functional metrics to improving reliability.

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

Supply Chain Shaman

In the review of my first book, Bricks Matter , Keith Harrison, former Global Director of Product Supply at P&G asked me, “You mention the need for supply chains to shift from a focus on cost to value. Aggregate Results for Apparel Manufacturers for the Period of 2010-2019.

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter.

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies. ”[1] Manufacturing becomes even more relevant to advanced economies thanks to data and digitization.

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Guest Post: Ignoring this Performance Metric is Risky

TMC

When Cisco saw news of wildfires in Colorado in 2012, it wasn’t concerned, because it had no manufacturing or suppliers in the area. Companies that achieve the right balance between these two detection-error extremes benefit from a competitive advantage that will increase in value as the likelihood of disruptions to global supply chains increases. The post Guest Post: Ignoring this Performance Metric is Risky appeared first on Connect Blog by TMC, a division of C.H.

Manufacturing Disruption is Here. Will Your Company Survive?

QAD

Manufacturers can miss opportunities to adapt due to their lack of speed in responding to disruptive forces, under-investing in new growth areas or applying existing business models to new markets. Manufacturers’ business strategies and production tactics are being affected by “business disruptors,” including changes in the business environment and in the ways products are made. Digital Transformation is happening globally. How will Manufacturers Survive Disruption?

How Microsoft & ThroughPut are helping Global Manufacturers increase Output during the COVID-19 Pandemic, and how every Operations Professional can help

ThroughPut

Automotive manufacturers are remobilizing to produce ventilators. While the Tokyo Olympics are being postponed, but heroes of a different calling are assembling together daily to achieve medal-worthy feats in keeping the base-line global supply chain operating. This is what we already enable every day at ThroughPut for our global industrial customers. Our constraint is not our ability to help global manufacturing at scale, but to help global manufacturing in time.

New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

These consumer products global leaders paved the road for supply chain excellence by defining new supply chain practices. Over the last decade, each company took a different path to power global growth. Overall Results on the Supply Chain Metrics That Matter. Unilever, for the first time, announced a global supply chain director. With a strong manufacturing culture, much of the focus was on lean production systems. This is a global market. Definition.

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The Top 10 Manufacturing Blog Posts from 2014

Cerasis

Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. Top Manufacturing Blog Posts for 2014. Like last year, reshoring and the idea of a US Manufacturing comeback, or revivial, or rennaisaince (whatever you want to call it) was of huge interest to our readers of the Cerasis blog. Is Manufacturing Really a Good Career Choice?

Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. Manufacturers in the high-performance cohort captured in our latest survey are using real-time monitoring to aggregate metrics and gain a 360-degree view of manufacturing operations accessible from any mobile or handheld device. The post Real-Time Monitoring Fuels IoT Growth In Manufacturing appeared first on IQMS Manufacturing Blog.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. In a typical global supply chain, involving multiple tiers of production, the chances of failure are alarmingly high. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly.

Increase Throughput by Replacing Manufacturing Productivity and Efficiency Metrics with These Two KPIs

synchrono

Manufacturing productivity is a useful metric for measuring the health of manufacturing at a national or global level because it tells us something about whether our factories, in general, are working or sitting idle. But at the level of the individual factory, productivity as a performance metric can be problematic. Before we travel too far down that path, however, perhaps we should start by defining what we mean by manufacturing productivity.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Worse still, much of the data that could give manufacturers a complete, end-to-end view of their supply chain already resides within the systems of these partners; as much as 80 percent of it, according to some industry estimates. Frustrated manufacturers report having no idea they were down to the last box of parts.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. In manufacturing, I became good at labor bargaining. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts.

Making Better Manufacturing Decisions With the Help of Machine Learning

Oracle SCM

Manufacturing today is more complex than ever before. " Now when we look at the amount of data that is created in the context of Manufacturing, the Industrial Internet of Things, and Global Supply Chains, we can be sure that it is not much different. Is there a correlation between product failures in the field or customer returns & the manufacturing process used? To find out more about Oracle Adaptive Intelligent Apps for Manufacturing, click HERE.

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners. More successful manufacturers make a commitment to scheduling periodic and effective meetings to give their team members an opportunity to address upcoming logistics situations in advance.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Complexity in the global supply chain has increased dramatically since that time.