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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. Procurement teams continue to struggle with finding available suppliers and shipping capacity to enable supply chain responsiveness. According to the Harvard Business Review, “vital information is often not available or accessible across their global teams.

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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Promise time, lead time, cycle time, transit time, delivery time, unloading time, processing time, queue time, quality assurance time, processing time, turnaround time, receiving time, and shipping time to the customer, (and I bet you could think of more "times" to measure!).

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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. 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 ? .

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. In my research, I find that the companies with the most progressive procurement processes also have the most advanced customer supply chain process evolution.)Without The Supply Chain Insights Global Summit is different for many reasons.

We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

After all, supply chain management is about getting things moving, and that applies not only to roads, airports, and ships, but to how we think about getting things to people. To create a supply chain capable of withstanding something as powerful as a global pandemic, our society and infrastructure needs to be able to not only leverage what is already in place, but ask ourselves the question of what we would do if we could design an optimum supply chain from scratch?

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

Trends 208

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

There are systems directors in both the procurement and logistics/planning teams. The team also leverages insights from university research centers and consulting groups, including CAPS Research, MIT, XEM, Gartner, ProcureCon, and Procurement Leaders, to ensure they are connected to emerging ideas. I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain.

The Financial Dimension of Supply Chain Visibility [Episode Highlights]

Talking Logistics

Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance. To find out how having supply chain financial visibility can improve contract negotiations, and to learn how technology can help shippers gain financial visibility across global supply chains, I spoke with Larry Lewis, Kewill’s Senior Vice President, Americas on a recent Talking Logistics episode.

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). Nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and make decisions accordingly. The FBX is a headline index that tracks global container prices with one key indicator, backed by a suite of 12 regional indexes, all rebranded under the Freightos Baltic Index.

2020 Requires Big Wings and Feet

Supply Chain Shaman

After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. I find too few leaders with the ability to connect the real-world with the swirl of strategic concepts (shifts in the channel and the consumer, the emergence of the circular economy, shortening of product lifecycles, and global shifts in the world economy) driving the need for a supply chain redesign. For the global supply chain, it is a constant juggling act.

Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995. For example, Deloitte reported that 85 percent of global supply chains experienced at least one disruption caused by fraud or abuse in 2016.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Today, in order to accomplish these goals, continuous improvement in global supply chain execution has become a core supply capability required by most automotive OEM’s. Ship according to a latest set of transportation routing instructions. Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. The ships now have to reduce their Sulphur emission by over 80% – 85% by switching to Lower Sulphur Fuel. Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020.

Top 15 Logistics Blog Posts of 2014

Cerasis

The manufacturing firm would then have to organise shipping of the defective product, testing the product, dismantling, repairing, recycling or disposing the product. The Ultimate Guide for Effective LTL Freight Management : we put on a 60 minute webinar entitled, “Best Practices for Effective LTL Freight Management and Shipping.” Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

Then, we buy and ship it to get oil out of the ground. I was involved with the procurement of equipment and materials. As globalization has taken place, more things can be sourced locally. We wanted to find a company that could go global if needed. The expected metrics were part of the contract. [00:38] Please introduce yourself and your company. I’m Gary Sostack, President and Founder of ElementaLogistics LLC.

Managing for Daily Improvement: Bridging the Gap Across Teams and KPIs

Talking Logistics

Due to the enhanced visibility of data and metrics across peer groups, sales leads have improved their customer service by walking prospective customers through the operations process and comfortably answering any queries on how success is measured. And the customers will feel that added value not only in metrics but also from a morale perspective.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

What’s more, PwC’s Global Crisis Survey found that 69 percent of business leaders said their companies experienced at least one corporate crisis within the past five years. This strategy particularly applies to international shipping, where rates vary wildly.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. Procurement Analyst.

Limiting e-waste through ethical supply chain practices

EcoVadis

million metric tons this year. Countries with few environmental regulations face the brunt of the damage, with international companies shipping e-waste across oceans to remain compliant with reduction laws in their home country. The Information and Communications Technology (ICT) sector has led the charge for sustainable procurement in recent years as technology companies push hard to meet consumer demands for transparency in the supply chain.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. The fundamental challenge in shipping for supply chain managers is the requirement to wait until all parts are present before shipping the product. The lack of visibility across dependencies in the supply chain is also a challenge for managers in the current global environment.

Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

I also moderated a panel discussion with Michael West, Global Logistics Excellence Manager at Syngenta , and Cindi Hane, VP of Product Management at Elemica, where we discussed (among other topics) the right metrics for measuring the value of SCONs, how to get people to move away from “the way we’ve always done things” to working in new and different ways, and the impact regulations are having on logistics processes.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

In addition, I advocated that organizations need to begin to think through their strategy, given the likelihood that tariffs and global trade uncertainty is likely to become a permanent issue. 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. You can either ship it by boat from China (30 days) or by plane (FedEx).

Best Practices to Improve Your Truckload Service and Price

TMC

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. The ability to utilize technology to drive strategy and data to improve performance—and ultimately creating financial value—are now imperative for today’s complex global supply chains.

Best Practices to Improve Your Truckload Service and Price

TMC

states to identify which attributes and best practices separate shipping “Leaders” from the “Laggards.”. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. The ability to utilize technology to drive strategy and data to improve performance—and ultimately creating financial value—are now imperative for today’s complex global supply chains.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

There are so many potential issues that can impact a supply chain to cause delays (such as fluctuating availability of raw materials, hold-ups in customs, adverse weather, staffing problems, political issues, procurement problems, changes in legislation and so on) that being able to realistically foresee and safeguard against each of them will only ever be partially successful, and it takes up a lot of resources. Metrics such as Perfect Order Rate tell businesses a lot.

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Where is your picking operation located with respect to shipping and product storage? “The overall amount of time it takes for raw materials or parts to make their way through your warehouse and onto store shelves is another key metric in determining your success as a warehouse supervisor.

The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company. I had the company’s 3 leaders for Supply Chain, Procurement and Logistics in town for 3 days to go through a deep discussion about everything. Subscribe Here!

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

A conventional, on-premise WMS comes with several problems in globalized supply chain management, including: Limited scalability or functionality of on-premise WMS. Since modern supply chain technologies can speed order fulfillment and shipping, technical limitations amount to poor customer service and limited, if any, visibility. Traditional WMS simply told the company where a product was and when it would ship. In most cases, consumers will expect free shipping altogether.

How Machine Learning Is Redefining Supply Chain Management

IQMS

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. Each of the endpoints defined in the taxonomy below is derived entirely by algorithm-based logic, which ensures algorithms scale across a global enterprise. The machine learning algorithms in IBM’s Watson platform were able to determine if a shipping container and.or

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

He is also a management expert formidably equipped with more than seventeen years of experience holding a multitude of leadership positions at Fortune Global 100 Companies as well as judiciously helping companies and individuals achieve exceeding results in a wide spectrum of industries. In the current dynamic state of the global economy, the supply chain is driven by the customers, to meet their exceeding demands and expectations.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Challenges of Traditional WMS A conventional, on-premise WMS comes with several problems in globalized supply chain management, including: Limited scalability or functionality of on-premise WMS. Since modern supply chain technologies can speed order fulfillment and shipping, technical limitations amount to poor customer service and limited, if any, visibility. Traditional WMS simply told the company where a product was and when it would ship.

Executive Advisor Michael Massetti on Supply Chain’s Image, Workforce Automation, and Supply Chain Challenges

Kinaxis

Procurement might have hit their cost savings metrics, but if it meant purchasing more than needed, and that might hurt your warehouse inventories. If it’s a company that ships hard good especially, it doesn’t exist without a Supply Chain. As much as we like to make jokes about Supply Chain metrics with each other, if we aren’t understood by the outside world and our executives, they won’t know we exist.