Remove Groups Remove Metrics Remove Sourcing Remove Supply Chain

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.” First, great supply chains are agile.

Digital Transformation of the Supply Chain

Logility

In almost every supply chain publication, you will find an article discussing digital transformation. Digital supply chain capabilities enable more agility and resilience; two supply chain characteristics that are especially important in dealing with unforeseen disruptions.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

I feel that topic of supply chain management is analogous to the downward cycle of the news channels. What Drives Supply Chain Excellence? I analyze supply chain management. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. Over the last month, I have been working on the 2019 Supply Chains to Admire analysis. The source data for the analysis comes from Ycharts.).

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.

6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

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

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. In most ‘benchmarking activities’, self-reported data is the most common source.

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.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

This morning, we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. The source data for the analysis is public reporting of balance sheets and income statements.

Embracing the Digital Supply Chain

Supply Chain Shaman

As I drank a cup of coffee and waited, I reflected on the article I had just completed for the Institute of Supply Management. At their request I wrote on the digital supply chain. Digital supply chain is such a buzzword. The digital supply chain is about SO much more than gadgets.” Yet, within the supply chain, everyone waits for data and insights. Supply chains do not move in the cadence of the market.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric.

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. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor. In response, federal and state governments are taking action to drive down the use of slave labor in supply chains. California, for example, passed the California Transparency in Supply Chains Act of 2010 , which went into effect in January 2012.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. Efficient supply chains may not be the most effective. Supply Chain Characteristics.

Building the Business Case for Supply Chain Risk Management

Cerasis

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.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Supply Chains to Admire Finalists.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In the last six months, in my travels, I have presented to supply chain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. 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. Supply chain process development is slower.

Global 222

Achieving Healthcare Transformation, Powered by Supply Chain

ivalua

We believe that a key pillar of this transformation is the supply chain. Taking a step back, if we look at the bigger trends taking place in this industry, there are a few of note that may ultimately be a driving factor for improvements within healthcare supply chains: Healthcare spend is highest in the world: The US spends significantly more than most of the world on healthcare per capita. With such growth comes supply chain complexity.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Financial balance sheet improvements cannot be driven by traditional supply chain processes. In the words of a supply chain leader yesterday, “Lora, please give me stories of success. I will write the case studies here, and share the dialogue with the supply chain leaders in our podcast series, Straight Talk with Supply Chain Insights. When I first met Nick, he was driving a supply chain transformation at VTech Communications.

Life is complicated. Supply chain management shouldn’t be.

Kinaxis

by Alexa Cheater Rushing kids out the door, walking the dog, navigating traffic—life is complicated enough without having to deal with overly complex supply chain management processes. Just because supply chains are getting more complex, doesn’t mean the job of managing them has to as well. To do it, you have to take a deep breath and say goodbye to running your supply chain from Excel. Supply chain management shouldn’t be.

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. Today, more mature supply chain teams focus on delivering value. While companies want to improve supply chain performance and drive value, it is easier said than done. It usually takes at least three years for a supply chain to make an impact on financial balance sheet results.

The Sensing + Intelligent + Social Supply Chain: Why do you need it?

Kinaxis

by Trevor Miles For Global Supply Chain Visibility and Faster Decision Making. My earlier blog talked about what the Sensing + Intelligent + Social Supply Chain is. If you’re experiencing supply chain pain points around lack of visibility, slow decision making, or poor collaboration, these may be the symptoms that will help answer that question. But, most companies still had supply chains that were almost entirely housed within their own four walls.

Supply Chains to Admire – 2016 Results

Supply Chain Insights

This morning we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need a standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed-upon standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. Supply Chains to Admire Methodology. Supply chain excellence

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. I outlined how decisions made by one functional group often have a ripple effect on other departments.

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. EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries.

A Better Approach to Supply Chain Segmentation?

ToolsGroup

Most companies segment their supply chain by breaking it down according to operational and logistical metrics. But there is another way to segment supply chains that begins with the customer. Gartner research director Jennifer Loveland calls it end-to-end segmentation, where you determine first what your customers want, then create end-to-end models—from sales through sourcing, delivery, and customer service—to serve them.

Supply Chain Talent: Insights from CSCMP Annual Conference

Talking Logistics

“The biggest mistake companies make as they’re growing is leaving supply chain management and human resources behind.”. Howard Schultz, the CEO of Starbucks, shared that insight during his keynote address at last week’s Council of Supply Chain Management Professionals (CSCMP) Annual Conference. His point was that you need great people and a world-class supply chain to effectively grow a company, but many companies underinvest in those areas until it becomes an issue.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

Supply Chain Management Services

LeanCor

3 Tips in Choosing Supply Chain Management Services. When sourcing supply chain management services, think about the provider’s approach to people and processes. When a provider is well rounded in its supply chain management services, you’re able to benefit by: • The value and wealth of efficient opportunities in your supply chain. Working together with a 3PL, you can create targets throughout your supply chain.

3PL 171

Overcoming obstacles to integrating finance with supply chain operations

Kinaxis

In my earlier blog , I explored how integrated business planning (IBP) can help bring together finance and supply chain operations. IBP helps achieve key performance indicators (KPIs) like sales, customer satisfaction, inventory level and other metrics outlined in the strategic plan. Those benefits, as outlined by the Aberdeen Group , include: 55 day or less cash conversion cycle. 74% supply performance. You end up with groups each going their own way.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Break down your supply chain functional silos. Analysts, consultants, and others have been telling companies to break down their supply chain functional silos for as long as I’ve been in the business, yet those silos still remain tall and strong at many companies. Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM.

SCM 192

How to prepare for a transparent supply chain in 2021

SupplyShift

2020 has been a defining year for transparent supply chains. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. And in order to do so, you need to drastically increase transparency in your supply chain.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

We salute the year’s top advancements in supply chain technology and processes. Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supply chain roles are rapidly being transformed into all-new opportunities. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Source ID. Source ID. Source ID.

Boost Employee Engagement in Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 6 Reasons Supply Chain Employees Look For New Jobs! Research has shown time and time again strong employee engagement is vital to the success of any organization, especially within the supply chain discipline.

eBook 56

Getting that “Swing” in Supply Chain Management

Talking Logistics

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper recently published by Elemica with research conducted by Adelante SCM. Although the research focused on the process industry, the content and recommendations we make apply to companies across all industries that want to make their supply chains more flexible and responsive. Which metrics are the right ones?

Trying to Throw A Light On Supply Chain Excellence

Supply Chain Shaman

A researcher of sorts… When I started the work that I do at Supply Chain Insights, I termed myself an analyst; and while everyone wants to put me in the consulting bucket, I resist. I, on the other hand, am trying to figure out what defines supply chain excellence. When I started Supply Chain Insights, I hired a specialist in consumer research to help me; and over time, I have gained great joy in the design of surveys. Yesterday morning, I was sick.