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. Achieving Balance in Metrics.

Walmart OTIF Metrics

SupplyPike

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. for required On Time percentage, generally correlated to how much Full Truckload versus LTL you move product on.

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How to Establish Early Warning Supply Chain Metrics

Arkieva

The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics. How to Establish Early Warning Supply Chain Metrics was first posted on October 11, 2017 at 10:00 am. ©2017 Supply Chain Supply Chain Metrics Metric used to measure Supply Chain Performance Supply Chain KPI List Supply Chain Metrics Dashboard

Which Supply Chain Metrics Matter the Most?

Talking Logistics

When it comes to supply chain and logistics, figuring out the right approach to measuring performance is a challenge. 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.

Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

Supply Chain Metrics that Matter

Supply Chain Movement

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. The research shows that continually building value at all points along the value chain is the key to sustained success. 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.

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?”

Inventory Metrics: From Insight to Action

Kinaxis

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. Each metric requires context.

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?

6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress.

Why You Should Embed Customer Service Metrics in Your Supply Chain

Speaker: Irina Rosca, Founder, sustainSCM and Director of Supply Chain and Customer Success Operations, Helix OpCo

Across industries, 81% of all customers attempt to take care of matters themselves before reaching out to a live representative. When there is so much information in customer feedback, why do supply chain managers leave such expensive insights on the table? Supply chain touches the product from conception until it arrives in the hands of the customer, and sometimes through the recycling process. Join Irina Rosca, Director of Supply Chain and Customer Success at Helix as she walks through the key questions to connecting the supply chain with the voice of the customer.

How to Measure Inventory Health

ToolsGroup

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. But from an operational supply chain planning perspective, turns is a crude metric because it doesn’t recognize the difference between “good” and “bad” inventory. Gartner says that business and finance execs generally want to reduce working capital and increase cash flow.

How To Implement Predictive Analytics Into Your Company

Logility

Retail giant Amazon uses predictive analytics to study the behaviors of over 200 million customers who produce over 1 billion GB of website data per year, which results in tailored product suggestions that earn the company over $2 billion in sales a year. But your company doesn’t have to be a retail giant to use predictive analytics. You just need data, well-defined goals, and the willingness to iterate. to guide their predictive analytics systems.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). What inspired you to write your book? I believe in the promise of supply chain and it was also the 30 th anniversary of Supply Chain Management and I wanted to write a book about how supply chain improved balance sheets. I couldn’t write how supply chain had improved balance sheets. How do we determine what’s important?

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark.

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. Remember that the KPI you want to measure today, may not be the one you want to measure tomorrow.

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.

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.

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

Kinaxis

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. You tell them that you expect an A in geography – and you don’t care what happens to their Math grade. Why do companies focus on reducing a specific metric? Find ways to reduce lead time.

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?”

How to Get Started with Value-add Forecasting (Part 2)

Logility

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Here are a few steps that you will need to take to deploy your forecasts successfully. In far too many cases, forecasts are done as a fishing expedition where analysts run the data through predictive algorithms to see what “pops.” These types of models are doomed to fail.

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

synchrono

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). If I change to improve efficiency, what are the positive results, and what are the negative results?

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?

Supply Chain Metrics To Avoid Before It's Too Late!

Supply Chain Opz

Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. This article will explain to you 7 kind of supply chain metrics that you should pay special attention to. Fixed cost that you have to pay no matter what is called "Sunk Cost" which should not be included in a decision making.

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 ).

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.

Lean 182

Implementing Omnichannel: How to Get Your Supply Chain Ready to Go Omnichannel

Cerasis

Rather than falling victim to the same problems, your organization should follow these tips to get ready for implementing omnichannel supply chain strategies. This means moving inventory to make it closer to markets where it is sells. Since using a store-as-a-distribution center is integral to keeping storage costs down in omnichannel, retailers should leverage technology and analytics to align inventory correctly.

Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

According to O*NET OnLine, a supply chain manager earns $103,530 per year in average. That''s why we decided to find out what the experts in the industry will say and the answers are listed in the order they were received in: 1) Bronwen Hann from Argentus Supply Chain Recruiting In my opinion, the single most actionable tip for landing a Supply Chain dream job is to put together an accomplishment-based resume. If you’re an inventory planner, how many SKUs did you manage?

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How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. There are a number of challenges when adopting and deploying a data analytics solution, and it’s important for organizations to clearly define their goals and objectives before embarking on this endeavor. to P.O.D).

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

Managing your business operations would be challenging without proper metrics and data analytics. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark.

How to Create Collaborative Innovation with Suppliers!

Supply Chain Game Changer

Blog originally published at, and permission to publish here provided by Sam Jenks at, [link]. Our organization’s products, customers, and profit, are ultimately a byproduct of the global supply chain networks that operate on a daily basis to add value through collaboration.

How to Optimize Global Demand Fulfillment

3rdwave

Capturing, aggregating, and analyzing all the global supply chain transportation and product/SKU level detail is foundational to having end-to-end supply chain visibility. And end-to-end supply chain visibility is a necessity in optimizing demand fulfillment.

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Few events carry the notoriety of black swans, and the COVID-19 pandemic is the most unprecedented and disruptive event to affect supply chains in decades. Furthermore, the uncertainty carries over to supply chain finance goals and hopes as the world prepares for a lengthy recovery.

Forecast Accuracy: Why It Matters and How to Improve It

E2open

In this white paper, learn why forecast accuracy matters and how it drives key financial metrics. The post Forecast Accuracy: Why It Matters and How to Improve It appeared first on E2open® | Demand.

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.