My Take: Metrics that Matter

Supply Chain Shaman

It is exciting to have two years of research, nine months of writing, and four months of editing to become crisp, fresh pages. Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” He has a passion to do supply chain right, but he is uncertain on what to do. Filipe wants Joe to adhere to all of the principles of the book Toyota Way.

Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

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How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

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5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence.

Aligning Metrics to Strategy

synchrono

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. I’d like to go over what I find especially valuable about these tactics. So, ask yourself, how many new measurements and objectives do you have?

Time for a Supply Chain Metrics Cleaning

Logility

Temperatures on the rise; flowers and trees in bloom; and that time of year when we start to think of the annual ritual—spring cleaning. Wait, it’s not spring; but does that mean you have to wait another eight months to review your supply chain? Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?”

How to Improve Manufacturing Safety During a Pandemic Part 2

DELMIA Quintiq

This is Part 2 of a 2-part series on how manufacturing plants operate during the coronavirus pandemic. An option called behavior-based safety uses that reality to help members of the workplace improve. That could indicate the need to insert more breaks into the workday.

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What are the Benefits of Manufacturing Performance Benchmarking?

Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

I keep seeing the word efficiency in the manufacturing media. For s omeone who is a Constraints Management person, this is the equivalent of saying “Ni” to the Knights Who Say Ni (Monty Python reference, okay?) When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). Also unknown is the outcome to the organization as a whole.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

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.

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What are the Benefits of Manufacturing Performance Benchmarking?

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Reason #3 Not having end-to-end supply chain visibility. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric?

How to Make the Most of Your Supply Chain Software

OneSCM

How to Make the Most of Your Supply Chain Software. We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. Blockchain Support – OneSCM has been modified to write Smart Contracts on the Ethereum blockchain to support two use cases: Cold Chain Tracking and Serialization. A: Here are the most common questions: “How does your solution automate Supplier Management?”

Cleanroom Manufacturing Strategies That Pay

IQMS

Bottom Line: Cleanrooms provide the potential for plastics manufacturers to increase the average machine rate per hour, average markups and profit per production run by charging a price premium based on their certifications, compliance and industry expertise. Plastics manufacturers are relying on and investing in cleanrooms to capture new customers and gain a greater share of revenues from existing accounts. Proven Strategies For Improving Cleanroom Manufacturing.

DIFOT: A Metric of Supplier Performance

Unleashed

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. Without it functioning correctly, your supplies may not arrive in the correct amount or the correct timeframe, severely compromising your ability to meet your customers’ needs. What is DIFOT exactly and how can it be applied? This gives us a percentage KPI to track. How is DIFOT impacted?

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Cliff Morris | The State of Manufacturing

4WL Consulting

C3Nano is a material technology company developing and manufacturing transparent conductive films, the main component in all touch sensors used in phones, tablets, and more. As founding CEO Cliff Morris explains, they’re seeking to disrupt the market and replace the current go-to with their own solution-coated material that can be used in flexible devices that are becoming more commonplace. Why a leader needs to be a mentor… and be mentored. How do we lower costs?”

Is Seamless OmniChannel Possible? How to Avoid Supply Chain Technology Hiccups

Cerasis

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. Unfortunately, a lack of understanding in omnichannel supply chains has also led many companies to experience extreme issues in delivering on their promises. In fact, third-party companies already have the first step in the bag, and you need to understand why. Essentially, this lends itself to intelligent fulfillment.

How to Become a Lean, Green Manufacturing Machine

Cerasis

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. In it’s purest form, lean manufacturing is about eliminating waste and increasing quality and consistency — despite the pundits who insist you can be lean only if you can spell and pronounce words such as kaizen, kanban and heijunka.

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5 Reasons Why Manufacturers Who Focus on Customer Experience Will Win

Cerasis

Manufacturers have always struggled to know their customers. But, modern businesses have grown to encompass an omnichannel sales opportunity. Unfortunately, this means manufacturers face an even greater challenge, as more customers translate into greater use of customer service. In addition, customers are continuing to demand lower prices and free shipping. But, how do manufacturers turn their focus to the customer experience? Manufacturin

How to Become a Lean, Green Manufacturing Machine

Cerasis

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. In it’s purest form, lean manufacturing is about eliminating waste and increasing quality and consistency — despite the pundits who insist you can be lean only if you can spell and pronounce words such as kaizen, kanban and heijunka.

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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.” According to my research, top-performing supply chains possess three very different qualities.

How to develop a competitive advantage through supply chain planning

6 River Systems

According to the market research firm, Gartner , “Supply chain planning (SCP) is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.” Behemoths like P&G leverage digital technologies in the supply chain to gain their competitive edge. Today, every business is capable of leveraging technology to improve operational efficiency.

Why Demand-Driven Manufacturing is Focused on Metrics for Action

synchrono

In Demand-Driven Manufacturing, there is only one measurement that is important to drive performance: Throughput. These three measurements cover the gambit of what needs to be measured because they are directly related to customer orders, cash captured inside the organization, and the cash it takes to turn inventory into sales. Demand-driven managers know that having too many metrics leads to conflicting measurements. Metrics for Action.

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies. ”[1] Manufacturing becomes even more relevant to advanced economies thanks to data and digitization.

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How to Fix the Supply Chain Talent Shortage

Elementum

This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage. It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. We can imagine how things are made, and we can imagine buying them. When it comes to what happens in between, things fade to black.

How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

Posted by Abhay Dhall, Associate Consultant (Manufacturing Vertical), Infosys Limited In my previous blog , I spoke about the need for companies to create a value stream map for their processes in order measure, control & improve their processes. To preach is one thing but to perform is something else. Is it as easy to execute as being said? There are some important metrics which help make informed decisions on improvement initiatives.

How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

Blog post originally published by Michael Massetti, Executive Partner at Gartner, and permission to publish here provided by Michael Massetti. Supplier relationship management is a process for developing and managing collaborative relationships with suppliers at all levels to achieve the required business objectives and overall supply chain strategy. Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together.

How to Sell on Amazon! The Complete Guide!

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Jake Rheude at [link]. From clothing to electronics to toiletries, you can find almost anything on Amazon. Wondering how you can get in on the action? All you need is a small monetary investment to get started and the knowledge of how to run a successful listing. The benefits of selling on Amazon range from access to millions of customers to the ease of their platform.

How to Survive Your First Year as a Wholesale Business

EMERGE App

So you’ve decided to dip your toes in starting a wholesale business. Here, we’ll suggest what it takes to survive your first year as a wholesale business. We advise that it’s best to stay focused on your business plan and unique value proposition above everything else. After all, what’s going to make your wholesale business stand out from the hundreds of thousands of other small businesses out there? Place refers to where your product is sold.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

Successful supply chain management requires a company to recover from disruptions, which are a normal part of any business. The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Recent changes in supply chain solutions include building to order and obtaining supplies just before they're needed, resulting in a greater dependence on lead times.

How To Ensure Best Practice Use Of Your Business Intelligence Dashboards

Unleashed

Business intelligence dashboards (BI dashboards) are a technological approach to analysing and presenting information visually in a practical and actionable way. BI dashboard design combines charts and graphs on a single screen to give readers a clear picture of the business data they are assessing. Understanding how to use business intelligence tools correctly is essential to ensuring a consistent level of sustainable growth and ongoing business success.

How to Fix the Supply Chain Talent Shortage

Elementum

This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage. It involves universities and corporations working together to provide the right education, understand how to evaluate performance, and change the public perception of what “supply chain” really means. We can imagine how things are made, and we can imagine buying them. When it comes to what happens in between, things fade to black.

BI in Manufacturing: 3 Realistic Steps to Data Mastery in 2020

Unleashed

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Most of the technology to power smart (or even just smart er ) factories is prohibitively expensive for most SMEs. Getting actionable insights from data, on the other hand, is a transformational upgrade that’s available today – and for next to nothing. Industry 4.0

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Increase Throughput by Replacing Manufacturing Productivity and Efficiency Metrics with These Two KPIs

synchrono

Manufacturing productivity is a useful metric for measuring the health of manufacturing at a national or global level because it tells us something about whether our factories, in general, are working or sitting idle. But at the level of the individual factory, productivity as a performance metric can be problematic. Before we travel too far down that path, however, perhaps we should start by defining what we mean by manufacturing productivity.