No Industry Has A Better Success Metric than Baseball

Logistics Viewpoints

In business, and the supply chain realm, no other success metric has this clarity. The post No Industry Has A Better Success Metric than Baseball appeared first on Logistics Viewpoints. Metrics and Standards strategy success

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

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Modern Metrics

synchrono

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. As mentioned earlier, modern manufacturing concepts like The Factory of the Future, Smart Manufacturing and Industry 4.0 The post Modern Metrics appeared first on Synchrono.

Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

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.

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.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

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.

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. 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.

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore

Talking Logistics

This post from PINC’s blog highlights six warehouse metrics that all companies should be tracking, monitoring, and acting upon. The post Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore appeared first on Talking Logistics with Adrian Gonzalez. Editor's Pick Guest Commentary Guest Commentary - PINC Solutions Industry Trends Warehouse Management PINC Solutions warehouse management warehouse metrics

Inventory Metrics: From Insight to Action

Kinaxis

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. When determining the metrics required for any business process, the first question you need to ask yourself is, “What are the business goals of the process?” The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

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.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

Putting a stick in the eye of the industry is hard work. The industry has too many events. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. 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. Both of these industries evolved through a major economic shift.

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 ). 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. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Energy used in handling returns : This metric is used in sustainability programs.

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

To help, in this blog post I share industry trends. For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. For each metric we show the averages and the percent change from the beginning and end of the period. All industries are in decline. Metric Performance for Discrete Industries.

Changing the Production Performance Metric

Logility

These folks have traditionally provided master rolls of newsprint and book paper to the industry. Inside-out to outside-in is starting to turn. Anyone who has worked with asset intensive process manufacturers knows how hard it is to change the thinking about machine capacity utilization. For years asset utilization has been the de facto measurement where running smaller lot sizes was not an option. My have things changed.

How Machine Learning is Transforming Industrial Production

DELMIA Quintiq

The question that seems to get asked more often than not is to talk about how many industrial applications we can name for machine learning. In that way, machine learning transforms an industrial operation into a system of systems that can get products to market faster at a lower cost so the company that owns it can remain competitive in its market and keep their customers happy by delivering the products they want. Industry Week confirms these issues.

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

Cerasis

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. This is a critical metric in regulated industries such as medical devices, pharmaceutical, biotechnology, and food and beverages.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. While most metrics stop at the output level, multiple layers of metrics in a Hoshin Plan actually determine if you’re even focusing on the right targets. A sense of complacency can lurk behind benchmarks.

Changing the Production Performance Metric

Logility

These folks have traditionally provided master rolls of newsprint and book paper to the industry. Inside-out to outside-in is starting to turn. Anyone who has worked with asset intensive process manufacturers knows how hard it is to change the thinking about machine capacity utilization. For years asset utilization has been the de facto measurement where running smaller lot sizes was not an option. My have things changed.

How Supply Chain Best Practice Metrics Can Predict the NFL Super Bowl

Kinaxis

So, I decided to use supply chain best practice metrics to predict the Super Bowl participants, and the ultimate winner. I remember when my parents questioned my plan to go after a dual degree in college – Industrial Engineering and Statistics. This is a simple equation, but yet very effective when used as an end-to-end metric. Speed is the metric that pulls all the functional areas together. Therefore, I will use ‘Team Time of Possession’ as the ‘engagement’ metric.

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

To help, in this blog post, I share industry trends. For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. For each metric was show the averages and the percent change from the beginning and end of the period. All industries are in decline. Table 1: Metric Performance for Discrete Industries.

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. Corporate social responsibility (CSR), which is often referred to as environmental, social and governance (ESG) in the finance industry, is becoming an essential criteria for measuring business performance.

Supply Chain Metrics That Matter: A Focus on Aerospace and Defense

Kinaxis

Supply Chain Metrics That Matter: A Focus on Aerospace and Defense. In Supply Chain Metrics That Matter: A Focus on Aerospace and Defense , Supply Chain Insights benchmarks A&D companies against other industries and dives into data from five top A&D companies over the last decade. The research highlights the supply chain challenges for this industry, as well as the critical importance of getting it right.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

However, in the writing of the recent report on the Household Products and Beauty industries, my observation is that companies are stuck in neutral and going backwards. Who is performing the best in this industry? The industry as a whole struggled. P&G’s rate of improvement on the Metrics That Matter was lower than the peer group. As an analyst, I get to watch and observe industry progress. Will the industry realize the issue and snap back?

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

It is considered as a measure of the productive capacity planning of industry, machine, factory, or an individual. One area where AI finds significant value is creating data-driven industrial operations using the power of AI-lead manufacturing solutions. The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut. What is Manufacturing Throughput?

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

It is considered as a measure of the productive capacity planning of industry, machine, factory, or an individual. One area where AI finds significant value is creating data-driven industrial operations using the power of AI-lead manufacturing solutions. The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut. What is Manufacturing Throughput?

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

It is considered as a measure of the productive capacity planning of industry, machine, factory, or an individual. One area where AI finds significant value is creating data-driven industrial operations using the power of AI-lead manufacturing solutions. The post Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics appeared first on ThroughPut. What is Manufacturing Throughput?

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […].

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Metrics that Matter: Manufacturing Performance Benchmarking

QAD

Benchmarking is common practice across many different industries. 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. Functional benchmarking compares your results with those of an organization outside your immediate industry with similar or identical practices or functions.

Multi-Industry Supply Chain Challenges

Kinaxis

by Alexa Cheater Our own Trevor Miles , VP of Product Innovation and Thought Leadership, had the chance to sit down with Bob Ferrari of Supply Chain Matters to talk about multi-industry supply chain challenges. Their in-depth interview touched on the challenge multi-industry sales and operations planning (S&OP) teams have when it comes to various cross-functional information and decision-making silos.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Despite being hit hard by the recent recession, overall the research shows that these two industries have fared well over the last decade and are positioned to continue that success. That industry has already gone through consolidations. Semiconductor is poised to consolidate, which will have huge impact on the metrics.

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

Benchmarking is common practice across many different industries. 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. Functional benchmarking compares your results with those of an organization outside your immediate industry with similar or identical practices or functions.

The “First Five” Industrial Manufacturing Trends of 2017

Cerasis

Current industrial manufacturing trends show the new administration is pushing for reshoring among the nation’s biggest manufacturers, and new technologies are revolutionizing how companies respond to growing skepticism and scrutiny by the public and government oversight as well. The "First Five" Industrial Manufacturing Trends of 2017. The Industrial Internet of Things (IIoT) is no longer the newest kid on the block. Metrics are like Big Data; they can appear useless.