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.

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.

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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.

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. With China already a source for semiconductor raw materials and the China/India end consumer market growing, there will be pressure to supply chips and hard drives to local China/India OEM’s first. by CJ Wehlage.

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. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Buy-in from global brands and purchasing houses is critical to the success of the digital training concept.

Guest Post: Ignoring this Performance Metric is Risky

TMC

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning. 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!

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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Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

The source data for the analysis comes from Ycharts.). 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. I watch the news channels on mute. The reason?

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. In our recent analysis of supply chains that are “working well” , we find higher performance when companies have source, make and deliver reporting to the supply chain organization.

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.

The SCRC’s Contribution to the WSJ’s Best Managed Companies

NC State SCRC

Specifically, the SCRC’s Machine Learning expert, Yung-Yun Huang, applied the algorithm developed from her dissertation , working with Professor Rob Handfield, to identify metrics in the “Innovation” category, related to companies that have the best spend management, category management, strategic sourcing and supplier relationship management.

Understanding Supply Chain Management

SupplyPike

In terms of cost-effectiveness, estimates show that businesses with extended global supply chains have between 80% and 90% of their costs involved in their supply chains. Also, as offshoring makes modern supply chains more complicated, multi-channel distribution and global marketplace emphasize on the importance of SCM. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Learn about.

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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. Mistakes & set-backs are the great source for development opportunity. Plus, metrics protect you.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources? Source In 2018, companies continue to rely on data to make decisions in logistics. Source Evidence of greening supply chain can be found in the delivery giant UPS. Source Amazon has been using robots in its warehouse for years.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. no metrics, operate in functional silos). Therefore, the first step is to define those processes, along with who will execute and manage them and what the right metrics should be.

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, global luxury brands have to design their supply chain based on who they are today, and who they are trying to be based on the projection of their image to the public.

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

Source your products. Before you build an online store, you need to source your products. There are several avenues you can take to source products from working with local stores or suppliers to wholesale distributor options.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

When the COVID-19 pandemic began wreaking havoc in global supply chains, smaller companies turned to 3PL providers for help. Bigger companies with global supply chains, however, realised they needed sophisticated digital technologies and streamlined supply chain processes to help them survive.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. This is difficult for the average company since only one in two supply chains have source, make and deliver reporting through the same organization (reference Figure 1).

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

Supply Chain Network

Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). Spire Global has worked with Odyn.ai

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Organizations continue to scour global markets for even lower labor rates, moving from Western China to the Pearl River, and now to Vietnam, Indonesia, Malaysia, Cambodia, and North Africa.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. The year 2012 marked the 30th anniversary of the use of supply chain management as a cross-functional process for source, make and deliver in the commercial sector. I wanted to better understand which metrics truly mattered. The Metrics That Matter Are Different by Industry Sector.

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.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners.

Why a Cashmere Sweater Can Cost $2,000 — or $30

Supply Chain Brain

Nearly $1.4bn of cashmere garments were exported globally in 2016, up from $1.2bn in 2010, according to United Nations trade data. Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content

What Blockchain Means to Supply Chain

Supply Chain Brain

But it has quickly emerged from that dark and mysterious world to offer an invaluable tool for business in general, and global supply chains in particular. Global Supply Chain Management Supply Chain Security & Risk Mgmt. Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt. SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain Visibility

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Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Leveraging AI for Industrial IoT (27 pp.,

Establishing Procurement as a Competitive Advantage

ivalua

Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Global automotive component supplier Meritor is a great example. Leaders need to be more ambitious if they are to truly establish Procurement as a source of strategic value. Alex Saric, CMO, Ivalua.

Where Will Companies Find Their Future I.T. Expertise?

Supply Chain Brain

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. As with any supply chain, it all begins with the source. Business Strategy Alignment Education & Professional Development Global Supply Chain Management HR & Labor Management Supply Chain Security & Risk Mgmt.

The Global Supply Chain is Evolving – Are you ready?

MAVES

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). This in turn changes the concerns of the 3PL including: workforce readiness, freight and supply chain transparency, just in time and efficient services, regional / global networks and the delivery of services that meet both their partner’s and their client’s high expectations. Advanced Analytics / Metrics.

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Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

million shipped items and 60 metric tons of air freight.*. Large global events like the World Cup underscore the requirements involved in the daily work of logistics and supply chain. Companies are confronted with an ever-more challenging, multifaceted environment, and a global economy. With an end-to-end supply chain platform and Global Trade Network, organizations get competitive advantage to deliver on their goals and win more customers. Source: [link].