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. The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction.

Necessity is the Mother of Innovation

Logility

In the midst of the seeming chaos many brilliant minds have been working in overdrive to develop innovative solutions to many of obstacles that lie in our way. These are just a few of the countless and amazing innovations we hear about on a daily basis.

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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. Review of SQM Metrics and Issues Across 5 Core Industries. #1:

Changing the Production Performance Metric

Logility

Are we looking to grow through innovation? 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.

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. Okay, not just yet… Let’s consider that best in class supply chains use ‘ Value’ to measure success: Value = [(Service * Quality) / (Cost * Speed)] + Innovation.

Changing the Production Performance Metric

Logility

Are we looking to grow through innovation? 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.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

Editor’s Note: The following is an excerpt of a research report published last week , “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation.” Customer Experience: A Bigger Focus for High-Performing and Innovator Companies.

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.

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. Semiconductor is poised to consolidate, which will have huge impact on the metrics. by CJ Wehlage.

How to Create Collaborative Innovation with Suppliers!

Supply Chain Game Changer

The complexity of global supply chains – especially in organizations like GM – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation. Supplier bases are a great source of potential innovation. Subscribe Here!

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. In each case there is a metric objective and a message behind the metric.

6 Warehouse Metrics You Can’t Afford to Ignore

PINC

Using drones, automation, robotics, and artificial intelligence, companies are leveraging these important warehouse metrics to better serve their customers while improving their own bottom lines. technology logistics innovation warehouse KPIs

Break the Internal Process Requirements – Innovate for Success and Survival

Logistics Trends and Insights

For those that do not heed the digitization call or any form of innovation face consequences such as possible bankruptcy. So, our question is, if an industry is being disrupted, evolving, fill in the blank here…why should an organization continue to use traditional processes to determine how and what to measure when it comes to innovation? Innovation is a continuous path, it never ends. For retail businesses of all sizes, embrace innovation and digitization.

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels.

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. innovation perspective).

[PODCAST] Shippers Who Excel at Recruiting Talent Improve Innovation, Culture, & Service

Cerasis

Listen to “Shippers Who Excel at Recruiting Talent Have More Innovation & Improve Customer Service” on Spreaker. Innovation & Strategy Resources for Shippers. The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs. The post [PODCAST] Shippers Who Excel at Recruiting Talent Improve Innovation, Culture, & Service appeared first on Transportation Management Company | Cerasis.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

In the research, I’m trying to understand the impact of choices—technology, process innovation, and leadership– on balance sheet performance. Companies performing the best have three characteristics: Business Model Innovation. I watch the news channels on mute. The reason?

Measuring Up?

Supply Chain Shaman

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete

Cerasis

With these reforms, the United States would have a chance to make up ground and remain competitive internationally in the global race for innovation.

Procurement Leaders ’17: Supplier enabled innovation is a foundation for procurement’s strategic repositioning

NC State SCRC

year over year savings – and 25% are reporting revenue metrics – but 97% stick to cost savings. Innovation is our life blood – not just with products, but with processes, in the way we are organized and the way we use technology. What is a culture of innovation?

Do Companies Really Expect Their Suppliers to Be Innovative?

Creating Supply Chain Excellence

This headline raises an interesting question that Tompkins Supply Chain Consortium tackled recently in a published survey on supplier scorecards for innovation. I wasn’t surprised by this data until I saw the percentage of companies who measure innovation. Bruce Tompkins.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. Such gaps are often attributed to a lack of data documenting historical spending, contracts, and supplier life cycle performance metrics.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

Instead of pushing innovation forward, I see companies using the term “digital” as a path for IT spending. 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. Three Paths for Innovation.

Emerald Citation of Excellence 2013 for supply chain innovation article

Supply Chain View from the Field

The article published in question, Knowledge sharing in interorganizational product development teams: the effect of formal and informal socialization mechanisms , was published in the Journal of Production Innovation Management in 2009. Professor Anne-Wil Harzing, a recognized authority on journal quality and citation metrics, comments: “I am happy Emerald is using Publish or Perish to make their first selection for the Citation of Excellence Awards.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals? These are examples of metrics that may or may not support your goals. Benchmark your operation using the selected metrics.

Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. While companies need ERP as a system of record for transactional processing, it is not the future of supply chain analytics or innovation.

Manufacturing Gains From Machine Learning

IQMS

Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., PDF, no opt-in) Youichi Nonaka, Senior Chief Researcher, Hitachi R&D Group and Sudhanshu Gaur Director, Global Center for Social Innovation Hitachi America R&D.

The Impact of Innovative Supply Chain Management Tools on Working Capital

Savi

Traditional metrics for managing working capital such as Days Sales Outstanding (DSO), Days Inventory On-hand (DIO) and Days Payables Outstanding (DPO) all provide insight but are backward-looking. Innovative supply chain management technology will spur the next leap forward. The post The Impact of Innovative Supply Chain Management Tools on Working Capital appeared first on Savi Technology.

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E-commerce spurring drive for innovation in third-party logistics industry

EFT

Third-party logistics professionals looking to take advantage of these developing channels will need a partner to help provide the ultimate customer experience, shipping needs, reporting metrics, and more. With both the rise of e-commerce and the increasing expectations of a consumer-like experience for B2B, 3PLs are experiencing pressure to evolve regardless of their customers says the Third Party Logistics Report.

Supply Chain is not Only About the Money

DynaSys

In other words, these are projects with benefits that are not visible in short-term financial metrics, but extremely important from a long-term perspective. Indeed, financially-oriented metrics do not show everything that is important.

Alloy driving innovation in fashion & retail

Alloy

We’re excited to share that Alloy has been recognized on The Leading 100 , a list of break-out technology start-ups driving innovation in fashion and retail! fashion technology innovation data retail

Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

With more than 90 years of innovation in diabetes care, Novo Nordisk is a global pharmaceutical leader. The sessions are open to all innovators. Supply chain excellence Supply Chain Talent Supply Chains to Admire cold chain healthcare Metrics That Matter Novo Nordisk

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Innovative startups. Artificial Intelligence innovators. Here is what I hear on calls: Having the digital innovation team in the IT organization is like drilling a hole in bedrock. Innovation will never come from application consolidation. Tremors. Seismic shifts.

The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling. A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation.

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SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

NC State SCRC

Data for two of the categories used in the ranking – Innovation and Social Responsibility – are based on processes developed by Handfield and Huang. In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management.