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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. What Drives Value?
However, as carbon taxes and emissions reporting requirements continue increasing, supplychain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Sustainability is high on the list of favorite corporate buzzwords.
The formula for OTIF is: Measuring a supplychain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Timely information is critical, as data older than a few days can lead to costly supplychain disruptions.
The supplychain planner role is the most dissatisfied of any employee in the supplychain, but most focus on improving engines using AI into conventional work processes. SupplyChain Hype Cycles Preparing to Sort Through the Hype As you pack your comfortable shoes into your case for the Big Show, do some the homework.
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supplychain management. These improvements directly strengthen the bottom line, making ML capabilities an essential component of modern supplychain management software.
Learn how to combine very different metrics/KPIs towards a composite score, this is a question that comes up quite often in my conversations with customers. How to Combine Diverse SupplyChainMetrics was first posted on May 4, 2021 at 10:54 am.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. What are functional metrics?
” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supplychains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. According to my research, top-performing supplychains possess three very different qualities.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
Each year, we compile a list of top-performing SupplyChains, termed the SupplyChains to Admire. This week, while all my friends are on vacation, I am writing the final report for the SupplyChains to Admire. Our goal is to continually redefine the definition of supplychain excellence.
This is a story for the Eds, Franks, and Toms working together in supplychains across the globe. It is also a story for a young supplychain manager attempting to make a difference, but feeling stymied. The idea was so novel and counter to my project direction that I did not know how to react. The year was 1982.
Federal Reserve Bank of New York, Global SupplyChain Pressure Index, [link] What can you do? Measure it (both demand and supply) and use the insights. The supplychain planning role has expanded over 100% as companies expanded their markets. You would start by learning how to program AI agents. The reason?
Ever feel like your supplychain is a tangled mess of spreadsheets, frantic phone calls, and last-minute scrambles? It’s the key to transforming your supplychain from a source of frustration into a well-oiled, profit-generating machine. You’re not alone. That’s where data analytics comes in.
Last month I participated in Oracle’s Perfect Delivery Virtual Summit , along with Matt Leonard from SupplyChain Dive, Marcelo de Matheus from Tramontina, and Mohamed Absar from DP World. What is the Perfect Delivery Metric? As supplychain complexity increases, perfect deliveries become more difficult.
Omnichannel has been a buzzword in supply-chain circles for several years, but retailers that have invested in implementing omnichannel strategies have shown less than superior results, says Steve Dennis via Forbes. These problems show weaknesses and overlooked concerns when implementing omnichannel supplychain strategies.
How to Reduce Carbon Emissions in Your SupplyChain 1. Supplier Integration and Collaboration Building relationships with suppliers who are committed to sustainability is key to reducing your supplychain carbon footprint. These will require thinking through your specific supplychain, resources and organisation.
The Connected SupplyChain. Drip Digital SupplyChain. Autonomous SupplyChain Planning. Self-Healing SupplyChains. Touchless SupplyChains. Small companies outperform large companies, and the marquee customers of major supplychain planning technology providers underperform.
This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. We’ll walk through key benefits, types of spend analysis, steps to get started, and metrics to track—backed by lessons learned from real-world implementations.
I now have a working manuscript for the entire book of Metrics That Matter. I jeopardized the release date of the book by taking an extra three months to finish the SupplyChain Index work. He is trying to figure out the answer to these questions: What defines supplychain excellence? Who has done it best?
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychain management.
In a major advancement for global supplychain technology, project44 has launched Movement, a comprehensive Decision Intelligence Platform that transforms how businesses manage their supplychains. This extensive connectivity has resulted in impressive metrics: 1.2
Supporting hypergrowth while reducing supplychain logistics emissions is not an easy feat. The Coupa solution enabled the Microsoft teams to achieve a 60% reduction in carbon emissions from North American trucking over our projected baseline in their forward supplychain while supporting growth based on speedy deliveries.
If the word collaboration was listed on a card as a drinking game at supplychain conferences, we would be drunk at many. While we speak of collaboration, the focus is on driving enterprise results not value in value chains. Cash-to-Cash Metrics. Here I share perspective on cash-to-cash abuse. I am troubled. My takeaway?
Learning the difference between third party logistics (3PL) and fourth-party logistics (4PL), as well as 1PL and 2PL, and the rise of even fifth-party logistics (5PLs) is becoming increasingly sophisticated and valuable for driving successful supplychain operations. What is the difference between 3PL and 4PL?
Acronyms abound when it comes to supplychain. ESG reports can help investors make informed business decisions by identifying companies with less financial risk and avoiding those that may be impacted by stricter ESG metrics. Over the last few years, another acronym has been showing up on the radar: ESG.
When I started my business in 2012, I frequently wrote about the future using the moniker of SupplyChain 2020. We had just recovered from a recession, and my goal was to help supplychain leaders create a better supplychain by the end of the decade. At that time, SupplyChain 2020 seemed so far away.
Over the course of the last two years, we at SupplyChain Insight s have worked on a methodology to gauge supplychain improvement. We named it the SupplyChain Index. We have found that supplychainmetrics are gnarly and complicated.During Background on the SupplyChain Index.
When reviewing strategy decks for supplychain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” To help, I will ask, “How do you define value? Functional Metrics. ” Or “push a shift from a focus on cost to drive value?”
Learn how to design effective supplychain KPIs that drive organization change, align teams, and improve performance with actionable insights. KPIs: More Than Metrics – They’re Tools for Change was first posted on December 4, 2024 at 11:02 am.
Supplychain and logistics teams today face a pivotal moment in their evolution. The traditional metrics of excellence cost efficiency, on-time delivery while still important, are no longer sufficient in an era defined by volatility, complexity and political changes. The first is living demand intelligence.
SupplyChain Planners Analogous to Secretarial Pools? At the time, many business leaders did not know how to type and had no idea how to use a computer. In my forty years of studying supplychain planning, the groups became larger, but with questionable results. Within a year, we eliminated the typing pool.
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? Creating a more resilient supplychain.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article comes from Matt Boland at Koerber SupplyChain, and examines how technology can help improve on time in (OTIF) performance.
Understanding how your Procurement and SupplyChain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Why You Need Visibility of SupplyChain and Procurement KPIs? Running procurement and supplychain without metrics is like driving blindfolded.
In this final blog on agility and why you should consider becoming an agilist to survive the new completion (of the continuous mention) of the application of enterprise decision management systems (EDMS) from Taylor and Raden cited in the first blog, I turn to the metric of agility and a new ROI metric of decision yield. The Takeaway.
Goodman titled “ The SupplyChain, Reconfigured.” ” His narrative centers on the evolution of the global supplychain evolving with a focus on labor arbitration ignoring geographic distance and shipping issues. He recently wrote a book titled, “How the World Ran Out of Everything.” Not so today.
Recognized as a leader in her field, Erika has been honored with the CISO’s Top 100 Accelerated CISOs Award (A100) and the 2024 Women in SupplyChain Award in the DEI Pioneer category. Erika holds a Ph.D.
built into their supplychain analytics software. When you define the outcomes you’re hoping to predict, whether it’s sales, equipment repairs, email sign-ups, or some other metric, you’re better able to understand the metrics that will get you to that point. using predictive analytics?built Build your infrastructure:?Predictive
Here I share insights on how to get started using a four-step process. Time For A SupplyChain Check-Up? When a company contacts me to help them with their supplychain, the pain is usually a gap in customer service. To complete a supplychain diagnostic, I take these four steps: Step One.
In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supplychain data can have a big impact on their bottom line. Some supplychain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. Hanesbrand Inc. ,
The consulting team pitches a theme–vision of supplychain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Question 1: What drives a Successful Implementation of SupplyChain Planning? Supplychain planning is now on its third decade.
by Bill DuBois The life sciences supplychain starts with a miracle. Everything we talk about in supplychain starts with discovering that product you can market and sell. We don’t know how the machine works, so it’s not a surprise that when it’s broken, we don’t know how to fix it. One in twenty.
My client attempted to have a supplychain discussion to improve flow, and his executive group just did not get it. As a result, my client became a pawn to eliminate as he drove to his goal of supplychain improvement. They were not aligned on the role of the distribution as it tied to supplychain excellence.
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