Supply Chain Shaman

JULY 25, 2021

Only four percent of companies outperformed their peer groups. of revenue on IT solutions and expensive solutions to improve performance, yet degrade balance sheet results against peer group sectors in tough markets? The Focus Inside-out Supported by Functional Metrics. How could the industry spend 1.7% Maturity Model.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. A direct material is a raw material, component, or assembly used directly in the manufacturing process. Networks and Sourcing.

Supply Chain Network Software 217

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 217

Supply Chain Shaman

MARCH 28, 2016

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. A Look at History.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logistics Viewpoints

JUNE 29, 2023

By fostering collaboration across all stakeholders, including suppliers, manufacturers, and logistics providers, companies can enhance visibility, streamline processes, and proactively address disruptions. Make to Order: Here, products are manufactured based on specific customer orders.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Logistics Viewpoints

FEBRUARY 14, 2022

ARC Advisory Group, where I work, recently announced the publication of their analysis of the 25 manufacturers with the most mature digital transformations. In fact, their digital champions began by aggressively expanding their sources of wisdom beyond their historic and current resources. Digital leaders learn from others.

Supply Chain Design Software 189

Supply Chain Design Software Supply Chain Software Report Logistics Network Optimization Software 189

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

Supply Chain Shaman

MARCH 5, 2019

Groups throw-out concepts. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. Groups rally around the concept of real-time. It looks like this.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

Enterra Insights

MARCH 1, 2019

Analysts from the Boston Consulting Group (BCG) explain the first three revolutions were driven by steam, electricity, and automation. Stepping stones between the two revolutions include the generation of big data, advanced computing, and the rise of digital manufacturing. Industry 4.0 ” Some pundits believe Industry 4.0

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Analytics Software 100

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. Northrup Grumman, PACCAR Inc, ResMed, Ross Stores, Sleep Number, Subaru, Toro, and Taiwan Semiconductor Manufacturing (TSMC) Company.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

Supply Chain Shaman

OCTOBER 25, 2021

Manage Make, Source, and Deliver Together. At the enterprise level, manufacturers and retailers focus on corporate efficiency. Figure 1: Current State of a Global Manufacturer of White Goods. Change internal metrics to a balanced scorecard and force the functions to work better together. All are out of balance.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

Supply Chain Shaman

FEBRUARY 14, 2022

Nine times out of ten, the finance group is portrayed as a dam, a barrier or a ferris wheel in the drawings. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. In Figures 2 and 3, note the portrayal as a dam. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

IQMS

JULY 11, 2019

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Manufacturers care most about finding new ways to grow, excel at product quality while still being able to take on short lead-time production runs from customers.

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

Supply Chain Shaman

OCTOBER 25, 2021

Manage Make, Source, and Deliver Together. At the enterprise level, manufacturers and retailers focus on corporate efficiency. Figure 1: Current State of a Global Manufacturer of White Goods. Change internal metrics to a balanced scorecard and force the functions to work better together. All are out of balance.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

Logistics Viewpoints

JULY 27, 2021

There will still be a workforce needed to maintain those driverless vehicles or costs associated with maintenance done by the manufacturer or a 3rd party. Capturing it, cleaning it, screening it and analyzing it to determine better routes, better prices, and better sources is foundational to smart logistics operations.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Supply Chain Shaman

JUNE 7, 2021

A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth. Comparison of the Gartner Top 25 Winners to Peer Group for the Period of 2011-2020.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. It started in manufacturing and spread, step by step, to improvements in the way the company runs its supply chain. First, the supply chain group truly needs to understand buying behaviors and key attributes of their customers.

Supply Chain Transformation 193

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 193

Supply Chain Matters

MARCH 12, 2024

The development, initially reported by The Wall Street Journal citing informed sources, involves the interviewing of passengers and crew members who were on-board the aircraft at the time of the incident. Bob Ferrari © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Paid subscription).

Quality 52

Quality Alaska Manufacturing Procurement Supply Chain Design Software 52

Supply Chain View from the Field

APRIL 1, 2015

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. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

NOVEMBER 9, 2014

It was my first time working with this group. The team was organized around the functional silos of source, make and deliver. The group laughed. ” The group was quiet as we discussed the fact in the traditional organization that functional silos are not designed to work together. My name is often mispronounced.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Logility

JANUARY 4, 2022

The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Supply Chain Shaman

OCTOBER 8, 2019

The discussions are with groups of executives—often ex-management consultants. The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. . #4 Background.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

SYSPRO Smarter ERP

MARCH 2, 2022

To mitigate the risk of unexpected supply chain disruptions, sourcing strategies will need to be revised. The Gartner research group has highlighted the benefits as: get real-time or close to real-time visibility and clarity, use and analyze signals, intelligently optimize responses, provide exception management. Resiliency.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Share on Twitter. Big Opportunity Ahead.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Supply Chain Matters

OCTOBER 12, 2022

The takeaway for September was that global manufacturing activity officially fall below the 50.0 On the other hand, transportation metrics continue their slowed pace, reaching the second highest level of capacity growth, and the third fastest rate of price contraction in the history of the index. for September. Bob Ferrari.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

QAD

JULY 7, 2022

The concept of ethical sourcing has risen in popularity during the past four years.” . Supply chain due diligence is a critical topic for manufacturers and enterprises in all industries, especially given three major impacts of recent high-profile abuse cases, new due diligence laws and consumer buying trends. . United States.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

Supply Chain Shaman

FEBRUARY 27, 2020

In 2015, I worked with a manufacturer of men’s underwear. (My The product development group advocated a long-tail supply chain strategy with many combinations of color, packaging sizes, and artwork. The manufacturer had an infestation problem. Stories from the Field. To stir up debate, let me share some stories.

Analytics Software 238

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 238

Logility

MARCH 16, 2021

The webcast will discuss the causes of supply variability, initiatives to address the challenge, metrics to measure success, and segmentation to align these efforts across a complex, global supply chain. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company.

Supply Chain Planning Software 130

Supply Chain Planning Software Analytics Software Demand Planning Software Optimization Software 130

NC State SCRC

NOVEMBER 2, 2023

When I was there, an employee’s base pay came every 4 weeks, and it would go up based on hitting certain metrics – Net Sales and Return on Total Assets. The only metric that mattered was how you were doing vs. the market and the competition – were you getting a lower price than Hershey or Nestle? I’ve never seen a culture like that!

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Logility

JANUARY 14, 2021

SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Supply Chain Shaman

APRIL 14, 2013

I have worked for Gartner Group, AMR Research, Altimeter Group and now my own company, Supply Chain Insights. However, we have found that only a few companies are improving the potential of their supply chain to balance supply chain metrics. A value network is a group of companies that trade together to satisfy a market need.

Gartner 267

Gartner S&OP Pharmaceutical Supply Chain Planning Software 267

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. To accomplish this goal, I ask a cross-functional group to audit the past year. As a group, we drill into root issues. ” Or alternatively, “Is there data that could be sourced to help?”

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Silvon Software

APRIL 23, 2019

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. These metrics are noted in the following sections below.

Purchasing Skills 70

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 70

Supply Chain Matters

DECEMBER 20, 2022

Frustration levels remained high throughout 2022, and especially with the recent indications from Apple and its prime contract manufacturer Foxconn that enough was enough to warrant a shifting toward a more resilient and broader based supply network strategy. based Institute of Health Metrics and Evaluation (IHME). All rights reserved.

Policies 52

Policies Predictive Analytics Software Sourcing Strategies Manufacturing Procurement 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Inventory accuracy. Revenue per unit.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Supply Chain Shaman

SEPTEMBER 17, 2014

This report, Supply Chains to Admire , compares the progress of 200 companies within their respective peer groups on both performance and improvement. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. ” Yes, I said.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Shaman

DECEMBER 26, 2012

Each of these companies performed better than their peer group on Return on Assets (ROA), but worse than their peer group on operating margin. To minimize costs, supply chain teams of manufacturing leaders have designed the value network to absorb this volatility. ” I smiled. It constantly amazes me.

Manufacturing Procurement 183

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 183