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

GlobalTranz

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.

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

GlobalTranz

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

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Total Manufacturing Cost Formula: Metrics that Matter

QAD

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. Why is it Important to Calculate Total Manufacturing Costs for Supply Chain Efficiency? Maybe you could reduce shipping costs by making more bulk purchases or buying more locally.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Covid-19 pandemic tested the global supply chain. Like riding a bumpy road, the supply chain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Watermelon Metrics Don’t Drive The Right Results.

The 10 Procurement Metrics that Matter in 2021

Unleashed

Purchase management improves profitability by helping to reduce raw material costs, streamline processes, and identify better sources of supply. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities. Supply chain cycle time.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. Supply chains are not the same.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak.

Why Do We Forget to Define Supply Chain Excellence?

Supply Chain Insights

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Throughout the great discussions within these courses, I couldn’t help but notice a general theme – people are forgetting to define (or ask) what supply chain excellence looks like for their companies! End-to-End Supply Chain Maturity Stages.

Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

Driver shortages have become even more of a reality in the supply chain industry for a number of reasons, chief among them being the sharp rise in demand. As driver pay increases, so does the incidence of drivers jumping ship, switching companies for the next best payday.

Consumers Priorities Driving Major Supply Chain Changes

Kinaxis

Free shipping? How about completely changing the way you operate your supply chain? The rules around supply chain management are changing, and customers are sitting firmly in the driver’s seat. More and more companies are making big, public announcements on how they’re changing their supply chain practices to better align with what their customers care about.

Borderlands: Shipping container squeeze hits US soybean exporters

The Supply Chain Journal

This week: US agricultural exporters experiencing shipping container crunch; TForce Logistics expands last-mile delivery in Texas; Dachser expands operations in Arizona; and TexAmericas Center to expand rail service. US agricultural exporters experiencing shipping container squeeze.

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5 Steps to Supply Chain Orchestration Success

OneSCM

Supply chain orchestration functions much the same way, with business systems from all trading partners and all transactions connected and working efficiently to create a seamless business. Receivers know when items have shipped and what size shipment to expect and when. The optimum supply chain orchestration systems encourage collaboration with suppliers of varying volume, technology and integration levels. Automation Supply Chain Efficiency

Defining the Full Scope of Visibility in the Supply Chain

Turvo

Of all the components that make up the modern supply logistics and shipping network, the one that can significantly impact operational efficiency is visibility into the supply chain. Keeping this focus continues to be essential for the management of the supply chain. .

Building the Business Case for Supply Chain Risk Management

GlobalTranz

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. The Customer-Centric Supply Chain Strategy needs both.). Supply Chain Alignment.

Global Luxury Management “Lifestyle” brands require push supply chain design customization

Supply Chain View from the Field

More and more global luxury brands such as Gucci, Louis Vuitton, and others are promoting themselves as Lifestyle brands, spanning many products including fragrance, home collections, apparel, paint, wallpaper, foods, and many other products. In this environment, the supply chain and logistics task becomes even more complex, as it involves delivering and fulfilling product and service support to deliver a lifestyle “vision” around the world.

The Supply Chain Response to India’s Second Wave of Covid!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! USA also ensured immediate supply of raw materials for the development of Covishield vaccine in India. appeared first on Supply Chain Game Changer™.

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A Collection of Bad Supply Chain Poems

Kinaxis

supply chain-related sonnets, odes, limericks, haikus – well you get the point. Without further ado, enjoy these supply chain poems written by Kinaxis staff just for you! An Ode to Supply Chains. O supply chain, how I do appreciate thee, always working hard to bring things to me. Don’t let anyone dismiss you or belittle your worth, because without you supply chain, nothing could ever circumvent the Earth! Supplies on the move.

Resilience Equals Performance in Supply Chain – How to Improve It

Logistics Bureau

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Many shipping and logistics companies, and the clients that use them, have not been adversely affected by business volume shortfalls. Measure Your Progress in Supply Chain Resilience.

Understanding Retail Supply Chain Management – Moving To The Next Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

Understanding Retail Supply Chain Management – Moving To The Next Normal

ThroughPut

Understanding Retail Supply Chain Management – Moving To The Next Normal. You might wonder, what does a retailer have to do with supply chain management? Retail supply chain management – when your shoppers want free, fast, and multiple deliveries.

How Supply Chain Planning Can Create Profit in a Declining Market

ToolsGroup

Therefore, traditional push-driven supply chains are wholly unfit for this situation. 1] Mohawk sought to profit from the resurgent demand for ‘ analog experiences ’ by owning the fine paper space and transforming its extended supply chain. The second phase involved Mohawk extending their new supply chain improvements out to its distribution network. Mohawk’s supply chain planning software played a vital role in their ability to achieve these goals.

How Can Supply Chain Leaders Communicate Their Value to Executives

Intelligent Audit

Competition has always been fierce within the modern-day supply chain, but it is now more vital than ever to set your company apart from competitors. So how does a modern-day supply chain team effectively demonstrate value and performance? Focus on the Metrics.

The Sensing + Intelligent + Social Supply Chain: How can you achieve it?

Kinaxis

by Trevor Miles The Result is Faster and More Effective End-to-End Supply Chain Management. In my first two blogs on this topic, I explained how supply chain management is a collective activity. With growing globalization and complexity, it is becoming more important than ever that your supply chain has all of these aspects. But today’s environment of modular, functional supply chain planning is failing to provide that view.

The difference between supply chain and logistics explained

Unleashed

We live in a global economy and that has made the supply chain all the more important – these days partner companies could be anywhere in the world, facing any number of challenges. The difference between supply chain and logistics. What is the supply chain?

Challenges and trends in the food supply chain

Unleashed

What is the food supply chain? Knowing your food supply chain from start to end allows you to address challenges and ensure the supply chain functions effectively and maintain customer satisfaction. How does the food supply chain work?

Container ships to soon ‘sea’ low-carbon investments

Resilinc

Container ships are the backbone of world trade. According to Statista, the world’s merchant container ship fleet grew from 11 million metric tons (mt) of deadweight tonnage (a measure of a vessel’s weight-carrying capacity) to 275 million mt in 2020—a 2500% increase.

Takeaways from the 2018 Gartner Supply Chain Executive Conference

Kinaxis

by Dr. Madhav Durbha Supply chain insights from leading industry experts. Supply chain skills in high demand, digital twins, disruptive technologies, and other takeaways from the 2018 Gartner supply chain conference. I just returned from the highly engaging and inspiring Gartner Supply Chain Executive Conference in Phoenix, Arizona. Here are some key takeaways from the Gartner supply chain event: 1.

Redesign to Improve Value: A Case Study of a Supply Chain Leader

Supply Chain Shaman

This week, I will speak at Llamasoft’s conference on improving supply chain network design. One of the reports that I am writing is on the state of Supply Chain Planning (SCP). In the recent study of the Voice of the Supply Chain Leader , we find that the gaps are large, and growing. As shown in Figure 1, the gaps with the major categories of supply chain planning are great. Interview of a Supply Chain Leader: Redesigning for Value.

7 Avoidable Data Errors in Your Supply Chain Data

Kinaxis

by Palvashah Durrani The Devil is in the Data Details: Entering a New Global Market. So you’re about to launch into a new global market. One of these challenges that you might not think of immediately is big data in your supply chain —specifically the quality of your data. What might seem like a minor detail, such as differing measurement systems, can dramatically affect how effectively your supply chain functions and how well products move to market.

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Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During During the last two months, we have been interviewing supply chain leaders to get their views on the methodology. Background on the Supply Chain Index.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. Let’s explore some of the technology changes that organizations should consider as they align their corporate goals and objectives to utilize big data to improve their end-to-end supply chain visibility.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. As digital disruption continues throughout the maritime supply chain forward thinking firms are investing internally in capabilities to become more data centric.

How to implement a supply chain management system

Unleashed

Successfully rolling out a supply chain management system can be an extraordinarily complex and stressful project – not to mention expensive. In this guide to implementing supply chain management systems: What is a supply chain management system?