What Are the Most Important 2020 Freight Metrics to Know?

Cerasis

Then, coronavirus happened to spread, and now, it will impact global supply chains. The post What Are the Most Important 2020 Freight Metrics to Know? Data Freight 2020 freight metricsIn early 2020, the market forecast for freight looked bright. The turmoil of the U.S.-China China trade war appeared at an end, and few disruptions were believed to cause issues in 2020. It is only a matter of time. Fortunately, understanding the facts.read More.

My Take: Metrics that Matter

Supply Chain Shaman

Dialogue with global supply chain teams energizes me. 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. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic.

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Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1

Cerasis

Under the current COVID-19 global pandemic, managing risk in the supply chain has taken on a renewed importance. According to the Harvard Business Review, “vital information is often not available or accessible across their global teams. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 1 appeared first on Transportation Management Company | Cerasis.

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.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

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

Cerasis

Much of this development derived from the electronics sector, in which product lifecycles are significantly shorter, global service networks are increasingly intricate, sustainability processes are mandated and consumer customization is becoming the norm. Importance of Metrics in Reverse Logistics Management. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics.

Watch the 2017 Global Summit Live on SEP 6-7

Supply Chain Shaman

Open up this post to watch the Supply Chain Insights Global Summit 2017 on September 6 & 7: metrics that matter Supply chain excellence

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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.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. While most metrics stop at the output level, multiple layers of metrics in a Hoshin Plan actually determine if you’re even focusing on the right targets. A sense of complacency can lurk behind benchmarks.

How Supply Chain Best Practice Metrics Can Predict the NFL Super Bowl

Kinaxis

So, I decided to use supply chain best practice metrics to predict the Super Bowl participants, and the ultimate winner. This is a simple equation, but yet very effective when used as an end-to-end metric. For this metric, I searched for the best indicator of “does this team provide its customers with a high level of service” and “are the customers willing to “go above and beyond” in support of their team”? Speed is the metric that pulls all the functional areas together.

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. An evaluation by an external expert with broad global benchmarks such as EcoVadis can give CSR professionals and executives an independent view on their performance, and how it compares to peers.

Lora Cecere: ‘All the metrics must be in balance’

Supply Chain Movement

But in fact, all the metrics must be in balance,” says Lora Cecere from Supply Chain Insights. The analyst was joined by Bram Desmet, managing director of Solventure, to present her latest book, Supply Chain Metrics that Matter, in Brussels on 18 March 2015. They are often measuring individual metrics versus the whole,” states Cecere. Supply Chain Metrics that Matter.

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.

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. As we have driven improvements in globalization, jobs shifted as companies chased lower costs of labor. ” Entertainment and fast food globalized fast. In this post, I take a hard look at the global supply chain.

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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. If you’d like to read the Supply Chain Metrics That Matter: Semiconductors and Hard Disk Drives report in its entirety, you can download a copy here , with no registration required. by CJ Wehlage.

Important Steps to Achieving Global Freight Management Success

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. Doug Kahl and Joanne Chan from enVista will explore that question and share insights and advice on how to achieve global freight management success in this timely and informative episode. Live Episode: Tuesday, December 1, 2015 at 12:00 pm ET.

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Guest Post: Ignoring this Performance Metric is Risky

TMC

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.

Is Covid-19 the Death of Global Supply Chains?

Supply Chain Game Changer

Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Globalization has dominated as a widely practiced business strategy during the past 15–20 years. Is COVID19 the death of Global Supply Chains? Subscribe Here!

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

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 ? .

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.

How to Manage Global Supply Chain Relationships the Right Way

Supply Chain Opz

However, establishing and managing relationships on a global scale can be a challenging task. In this guest commentary, professor Ayman Omar who is a global supply chain expert from Kogod School of Business at American University will shed light on this issue. In a rapidly changing and expanding global landscape, companies are realizing they are only as good as the weakest link in their supply chain. Collaborative mindset is the cornerstone of supply chain management.

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C’est FINI!

Supply Chain Insights

I love the sound as it rolls off my tongue; but yes, the Metrics that Matter book is finished. Joe’s struggle is focused on figuring out what is possible in driving supply chain metrics, and how fast can he move forward. We will showcase the new simulation activity at the Supply Chain Insights Global Summit. Uncategorized metrics that matter simulation activity Supply Chain Insights Global Summit Fini is the French word for finished.

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Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

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. Buy-in from global brands and purchasing houses is critical to the success of the digital training concept. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRM

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

We selected these metrics based on correlation work with Arizona State University in 2012. The winners drove long-term value (measured by market capitalization) while outperforming on the portfolio of metrics shown in Figure 1 and driving improvement faster than their peer groups. The companies I work with struggle to set metrics targets. Supply Chain Insights Global Summit , September 3rd-6th, 2019, at UI Labs, Chicago, IL. I watch the news channels on mute.

Measuring Up?

Supply Chain Shaman

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. We term these the Supply Chain Metrics That Matter because they have a higher correlation to market capitalization.). C2C is a compound metric of receivables plus inventory minus payables.

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

” 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. Sam Samadi, Head of Global Quality/Compliance at Casper. Plus, metrics protect you. Subscribe Here!

How to Optimize Global Demand Fulfillment

3rdwave

Global transportation is the nexus through which all related international transportation information flows. Capturing, aggregating, and analyzing all the global supply chain transportation and product/SKU level detail is foundational to having end-to-end supply chain visibility. This highlights the need for having visibility of a product/SKU throughout the global transportation life-cycle. visibility to performance metrics. What should a global TMS provide?

Why Samsung Might Turn to Blockchain for Its Global Supply Chain

Supply Chain Brain

Business Strategy Alignment Global Supply Chain Management Global Trade & Economics Quality & Metrics Supply Chain Security & Risk Mgmt. SC Analysis & Consulting High-Tech/Electronics All Logistics Transportation & Distribution Global Logistics

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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. Stop the Focus on Functional Metrics. Change metrics systems.

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

Cerasis

Manufacturing: A Global Competitive Landscape… Can the US Keep up? With these reforms, the United States would have a chance to make up ground and remain competitive internationally in the global race for innovation. Twitter The post Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete appeared first on Freight Logistics Company | Cerasis.

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.

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

While we all think that we measure time in the same way, that can change inside a complex global supply chain. How do you account for Free Time across your global supply chain? This is where metrics can get a little fuzzy. However, the reality was that the 4% metric was misleading. Visibility to the underlying data that drives your global supply chain is a critical success factor in today’s competitive global marketplace.

C’est FINIS!

Supply Chain Insights

I love the sound as it rolls off my tongue; but yes, the Metrics that Matter book is finished. Joe’s struggle is focused on figuring out what is possible in driving supply chain metrics, and how fast can he move forward. We will showcase the new simulation activity at the Supply Chain Insights Global Summit. Uncategorized metrics that matter simulation activity Supply Chain Insights Global Summit Finis is the French word for finished.

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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. This is especially true in the focus of building global talent in the regions that they serve. This is a global market.

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