Talking Logistics

NOVEMBER 2, 2016

Assuming you can start with a clean slate, are there any guiding principles to selecting the “right” metrics? Usually, there are three things that companies do wrong when trying to measure the performance of their organization,” said Jason Minghini, VP Best Practices at Kenco Group in a recent episode of Talking Logistics. One is they have way too many metrics. Which supply chain metrics matter the most? Do you have too many or too few metrics in your organization?

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Metrics Supply Chain Groups Quality 130

Talking Logistics

JULY 26, 2016

When it comes to supply chain and logistics metrics, companies are either tracking too many of them or they have so many metrics to choose from that figuring out the right approach to performance measurement is a challenge. Are there any guiding principles to selecting the “right” metrics? What metric categories beyond cost and service are also important? The post So Many Metrics, Which Ones Matter the Most? Live Episode: Thursday, July 28, 2016 at 12:00 pm ET.

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Metrics Groups Company Supply Chain 136

Talking Logistics

FEBRUARY 16, 2017

Today’s post is by Joel Holt at Kenco Group , where he discusses several ways that supply chain metrics bring value to your organization. Supply chain metrics require the same observations, only instead of driving a car purchase, they speak to something far more important: efficiency and a host of abilities that your supply chain needs to survive, such as… Read more at Kenco’s blog. Editor's Pick Kenco Group logistics supply chain metrics

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Metrics Supply Chain Course Research 113

Supply Chain Movement

DECEMBER 8, 2014

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Peppered with real-world examples from across industries, Supply Chain Metrics That Matter reinforces ideas with evidence.

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Metrics Supply Chain Automotive Sustainability 100

Logility

MAY 22, 2020

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. Executives look at high-level company metrics, while other departments such as Finance, Sales, and Operations work at a more analytical level.

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Metrics Analytics Tools Training 118

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Her supply chain experience includes specialist roles at AMR Research, Clorox, Gartner Group, Kraft, and Procter & Gamble. 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.

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Metrics Supply Chain Research Case Study 222

Kinaxis

DECEMBER 3, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric? Some of the more likely are; A metric (like inventory performance) is monitored by financial analysts and therefore tied to stock valuation. by John Westerveld.

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Metrics Six Sigma Supply Chain Inventory 200

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

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Metrics Data Supply Chain Supply Chain Performance 148

Silvon Software

JUNE 11, 2020

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today. Today’s post focuses on Sales metrics only. By product or customer groupings – Brands, Categories, Type, Geography. Basic Sales Metrics.

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Metrics Manufacturing Forecasting Report 47

ivalua

SEPTEMBER 10, 2019

Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. This metric closely aligns with digital transformation progress. This metric also impacts others like speed, visibility, and cost savings. . #2 Digital sourcing tools can help make this a more manageable metric. #3 Success in this metric also contributes to long-term vendor relationship management. #4

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Benchmarking Metrics Tools Electronics 126

Cerasis

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

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Quality Metrics Industrial Industry 245

EcoVadis

MAY 31, 2018

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. Larger groups use EcoVadis Ratings as a global standard to align their sustainability performance across many subsidiary entities around the world (such as Toyota MHE and Belron ).

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Metrics Sustainability Benchmarking Procurement 59

Supply Chain Movement

DECEMBER 14, 2015

Pierre Mille, VP Group Planning & Customer Service Excellence, Carlsberg Group. For Pierre Mille, VP Group Planning & Customer Service Excellence, this was an opportunity to unleash its untapped value. We realise that no one size fits all and so we have to understand the rhythm of our customers and which metrics matter to them.”. “We are evolving towards a more customer centric supply chain”.

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Groups Customer Service Russia Asia 60

QAD

JULY 23, 2020

According to Business Benefits Group (BBG) , benchmarking in business is a way of comparing best industry practices against your organization’s processes to identify performance gaps and achieve a competitive advantage. Using Benchmarking Metrics to Measure Manufacturing Performance.

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Benchmarking Metrics Six Sigma Manufacturing 107

QAD

JULY 23, 2020

According to Business Benefits Group (BBG) , benchmarking in business is a way of comparing best industry practices against your organization’s processes to identify performance gaps and achieve a competitive advantage. Using Benchmarking Metrics to Measure Manufacturing Performance.

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Benchmarking Metrics Six Sigma Manufacturing 100

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. 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.

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Metrics Strategy Supply Chain Benchmarking 91

synchrono

MAY 7, 2018

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Making Manufacturing Metrics Meaningful Again. Creating a common definition for key metrics and then letting a system, such as SyncView from Synchrono, serve that KPI up in a dashboard helps ensure everyone is working from the same version of the truth.

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Metrics Manufacturing KPI Resources 52

Logistics Bureau

JULY 18, 2017

Some Common-sense Warehouse Benchmarking Metrics. In this post, you can discover some common-sense warehouse metrics that should probably be included in your project, regardless of whether you are benchmarking internally or externally. These KPIs will help you evaluate performance , choose an appropriate benchmarking comparison group, set targets, and stay on course to attain them. Other Warehouse Performance Benchmarking Metrics. Group Managing Director.

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Benchmarking Metrics Comparison Groups 53

Supply Chain Shaman

FEBRUARY 11, 2014

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 ? .

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Metrics Arizona North America Supply Chain 275

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. The technology group wanted to implement SAP IBP, and the business leaders were resistant. So I asked, “Why would you want to automate a process when the groups are not aligned?”

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Supply Chain Metrics Analysis Analytics 299

Supply Chain Nation

APRIL 5, 2017

Whether you are contemplating creating a demand planning group within your company, or questioning whether your current demand planning is as functional as possible, Part 2 of this 4-part series is aimed to help you navigate the hurdles of structuring your organization and its supported processes, so as to ensure your demand planning group is established and organized for its greatest chance of success. This can be overcome, however, with proper focus and metrics.

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Demand Planning Groups Forecasting Analysis 58

Supply Chain Brain

JUNE 12, 2018

High-Tech/Electronics Global Supply Chain Management HR & Labor Management Quality & Metrics Retail E-Commerce/Omni-Channel Supply Chain Security & Risk Mgmt. The New York-based China Labor Watch released a report at the weekend following a nine-month investigation of working conditions at a factory in the city of Hengyang owned by Hon Hai Precision Industry Co., the company known as Foxconn, which manufactures products for Amazon.

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New York Groups Report Training 40

Supply Chain Shaman

JULY 22, 2019

In the Supply Chains to Admire analysis, the focus is to understand the relative performance of a company within a peer group of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). (We We selected these metrics based on correlation work with Arizona State University in 2012. The Supply Chains to Admire analysis is a data-driven discovery by peer group. The companies I work with struggle to set metrics targets.

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Supply Chain Comparison Beverage Metrics 240

Supply Chain Shaman

MARCH 28, 2016

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.). The analysis is within peer groups as defined by NAICS codes.

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Metrics Apparel Pharmaceutical Analysis 208

Supply Chain Movement

JUNE 29, 2015

The Latest Thinking on Metrics, Reporting & Compliance. The Hackett Group. Events Accenture aviva bt CIPS compliance ecovadis greenstone GSK kingkisher KPMG London metrics oliver marketing PepsiCo QEII Centre reporting revolution events spss spss masterclasses supply summit sustainable purchasing the hackett group whitbread willmott dixonSustainable Purchasing & Supply Summit 2015. Date: 22 September 2015. Venue: QEII Centre, London.

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Sustainability Procurement Conference Government 76

RELEX Solutions

APRIL 4, 2018

Today’s Group and Savage & Whitten Optimize Operations with RELEX Space Planning. With a buying power in excess of £5.7Bn, and the largest network of independent cash and carry wholesalers in the UK, Today’s Group chose RELEX Solutions’ space planning solution to improve its visualisation and reporting. Today’s Group selected RELEX because it offers best-of-breed solutions and an unrivalled depth of industry expertise. Read PDF.

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Ireland Groups DC Metrics 28

Supply Chain Shaman

SEPTEMBER 9, 2015

It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter. The twenty-six companies are outperforming their peer group are listed in Figure 1. Sustaining Performance Above Peer Group is Difficult.

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Supply Chain Analysis Metrics Chemicals 233

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

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Supply Chain Tennessee North America Metrics 169

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. market-driven value chains metrics that matter New technologies apparel chemical digital transformation incrementality JDA Oracle SAP transformationDefinitions: Provocateur.

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Industrial Industry Apparel Chemicals 225

Supply Chain Shaman

JULY 3, 2015

It is now owned by Gartner Group and used as a commercial tool to drive client engagements. There is no consideration of relative performance against peer group or evaluation of year-over-year improvement. Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Year-over-year Improvement at the Intersections of the Metrics.

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Chemicals America Comparison Metrics 265

Supply Chain Shaman

MAY 13, 2015

The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had. Today, three out of four companies greater than 10B$ have a network design group that averages seven people. The design efforts are usually coordinated by a central group like a Center of Excellence.

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Supply Chain San Francisco Metrics Chemicals 264

Supply Chain Nation

APRIL 5, 2017

Whether you are contemplating creating a demand planning group within your company, or questioning whether your current demand planning is as functional as possible, Part 2 of this 4-part series is aimed to help you navigate the hurdles of structuring your organization and its supported processes, so as to ensure your demand planning group is established and organized for its greatest chance of success. This can be overcome, however, with proper focus and metrics.

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Demand Planning Forecasting Groups Analysis 40

Supply Chain Shaman

SEPTEMBER 4, 2017

We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. The company was then assigned to one of 37 peer groups based on the Supply Chains to Admire methodology. While it would be great to compare J&J to multiple peer groups by division, this data is not available. Correlations Between Survey Factors and Financial Metrics. Mine sweeping is essential to warfare.

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Data Supply Chain Supply Chain Planning Pharmaceutical 169

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. Companies balance supply chain metrics better in good times than bad. Reader’s note, the way to reach this chart is to first identify the average value for the metric for the period of 2010-2016. Then identify, if the peer group is making progress. 2) Focus on a balanced portfolio of metrics.

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Automotive Dallas Metrics Pharmaceutical 176

Supply Chain Shaman

FEBRUARY 17, 2014

While all leaders can agree that they want more assets and less trash, there is confusion about the best metric. It can vary substantially across industries and should only be used to compare a company within an industry peer group. ROIC: Colgate and other consumer products companies swear by the Return on Invested Capital (ROIC) metric. The more work that I do on metrics, the more I become a fan of ROIC. Definition of Asset.

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Metrics Course Study Supply Chain 203