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.

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow.

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.

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.

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. Source ID. Source ID. Source ID. Source ID.

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.

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.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. 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. 12 at 2 PM, based on a study I have been working on with some folks at IBM.

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Honeywell Connected Plant: Analytics and Beyond. (23

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?

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

NC State SCRC

The ranking “is based on an analysis of 37 data inputs provided by 12 third-party sources. 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.

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.

Patrick Hopkins at Coupa: Coca Cola’s four truths of procurement to pay in action

Supply Chain View from the Field

Coke Consolidated has come up with many innovations since then, including the introduction of Cherry Coke. The metric used to determine if this criteria was met was the “binary rule” that went as follows: users were able to find their exact match or 100% of all alternatives the first time using ONE SEARCH. Contract Management Procure to Pay Strategic Sourcing Supply chain analytics Supply Chain Innovation

Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

I also predicted how this type of engagement would continue to grow in the future, as organizations begin to recognize the value of having an objective, third party view on their problems can create innovative solutions. MUFG Union Bank Strategic Performance Metrics.

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation. Energy #Innovation #Technology. Subscribe Here! Email Address.

What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., Segmentation, generally associated with strategic sourcing practices, is the basis for building sourcing strategies, which require an ability to negotiate prices based on leveraged volumes of purchases from across the organization. innovation, total cost of ownership improvements, etc.).

A Fireside Chat with John Sculley, Apple’s former CEO

NC State SCRC

” A question came from the audience: “Fundamentally – procurement is measured on cost savings as the primary metric. Other metrics are whether you agree off of purchasing agreements in the company, and some customer satisfaction metrics – and are internal stakeholders satisfied.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

Note our earlier comment that the types of metrics being used to assess procurement at each stage are indeed a characteristic of how far along the organization is in its transformation!) The more important question is – what is the impact of procurement transformation on shareholder return – a metric that every CEO and CFO really care about! Source. > Procurement – Metrics – Cost of proc/TC of raw materials. >

KPI 40

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. By asking a series of questions regarding the type of requirement the buyer was sourcing, an artificial intelligence tool guided the user through a decision-tree that led them to use the right contract and the right tool. This is a key component of the sourcing initiative.

Supply Chain Management:Rapid Innovation will Differentiate the.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Oil operators and Oil services firms - time to dissolve internal walls | Main | Enabling individual item picking in tomorrows warehouses » Rapid Innovation will Differentiate the Future of Retail Industry. Online providers are disrupting the retail industry because of innovation, in the true spirit of the Clayton M. About Us. Contact Us.

A Digital Transformation Discussion with Supply Chain Execs

Alloy

Alloy recently had the pleasure of joining the Slalom Digital Innovation in Supply Chain Summit , January 23–24 in Seattle. How do we set up a trusted single data source? identify a good data source, establish learnings, and then begin applying them to other data sources.

Tell Me Why

Supply Chain Shaman

Amazon’s because of their breath in physical and digital supply chain, innovation in material handling, transportation, etc and their vision completely disrupting the industry. Traditionally, the focus has been on building efficient organizational silos for make, source or deliver.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Based on a heritage of quality and innovation, the designs earned the trust in generations of families. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The

Are You Putting Lipstick on a Pig? Or Creating New Value?

Supply Chain Shaman

We also see that manufacturing companies with a strong dependency on BPO are less agile and rate themselves lower on innovation. In parallel, the traditional software vendors are struggling with the Innovators Dilemma. Open source needs maintenance.

‘The Johnny Tightlips’ and Two Other Popular Approaches to Supplier Relations

Supply Chain Cowboy

They also may have innovative ideas that they’re more likely to share with you because of your relationship with them. Share your thoughts in a comment , and be sure to check out our recent podcast where we talk with the former VP of Operations at Skullcandy about vendor relationships and metrics. Image Sources: Johnny Tightlips (modified) | Open Book | Castle ]. “Before you send that email, there are a few lines I want to take out.

The Fight of the Titans

Supply Chain Shaman

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

Because of the long lead-times associated with the manufacturing infrastructure required to source and produce semiconductors, the Director’s Council espouses a long-term vision and tactical planning scenario. This is broken down into more minute analyses of what could happen with a smaller range of capital, and what could be delivered with different product health indicators including yield or other operational metrics.

2013 Third-Party Logistics Study

Supply Chain Movement

Supply Chain Innovation. Innovation is a critical driver of growth, differentiation, and profitability, but as the logistics industry matures and markets become more global, innovation in this industry is becoming more challenging. Until recently, 3PLs could demonstrate innovation by introducing process improvements, adding technology, improving execution, or offering new services. Many 3PL-shipper relationships are not set up to support innovation.

What Is The Mission?

Supply Chain Shaman

Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Company metrics are inter-related. Balance occurs when the metrics align with the business strategy. These balanced metrics overlay the functions of source, make and deliver. A Leader in Performance and Metrics Improvement. . Daily I see one.

Renegade Riposte

Supply Chain Shaman

After, I explained this, I granted Peter permission for the council to use the Index (the use of the Supply Chain Insights content follows the principles of open source), I then said to Peter, “I am glad that you called.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). We are targeting much improved end-to-end planning in response to multiple demand sources.

SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

The problem in most supply chains is “not enough data”, because data is being created from machines, from people, from systems, and from external sources. Often the sources of information are hidden in piles of data that we don’t think about. Will digitization change the way we measure things and monitor metrics?

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? If so, what’s working well and where do we struggle to drive innovation?