Tompkins Blog

FEBRUARY 14, 2014

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. have been measuring innovation for more than three years.

Innovation 49

Innovation Company Metrics Survey 49

ivalua

SEPTEMBER 22, 2022

In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. Our survey + visual spotlight addresses these key supply continuity challenges and how leaders can make the most of the new opportunities.

Supply Chain Planning Software 130

Supply Chain Planning Software Study Procurement Solutions Procurement Analytics 130

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. Survey Says…. McKinsey & Co.,

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Elementum

DECEMBER 14, 2023

Automating Business Processes: Streamlining Efficiency and Profitability In today’s fast-paced business world, efficiency and innovation are key to staying ahead of the competition. Employee satisfaction : Survey employees to gauge their perception of the implemented automation solution.

Supply Chain Software 78

Supply Chain Software Optimization Software Resource Reduction Supply Chain Planning Software 78

Supply Chain Shaman

MARCH 28, 2016

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. A Look at History. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

ToolsGroup

SEPTEMBER 30, 2019

Between April and July of 2019, we surveyed 200 supply chain professionals across industries as part of our study, titled: Digital Transformation in Supply Chain Planning: On Pace or at Risk? Check out the survey report for complete results and helpful insights. So, what’s it going to be for you?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 168

Enterra Insights

MARCH 30, 2022

Retailers need to consider a multitude of metrics, including the role of the category in the store and across channels from the shopper’s point of view (do shoppers see it as a convenience or a necessity?), Ron Hughes, Senior Manager of shopper strategy and innovation at the Coca-Cola Co., If they aren’t choosing my store, why?

Trends 130

Trends Procurement Analytics Inventory Reduction Cost Reduction Strategies 130

BlueYonder

MAY 23, 2023

According to Miguel Cossio of Gartner in his session “The Path to Reinvention to the Supply Chain of the Future,” about half of CEOs and executive teams surveyed believe that supply chain is equally as important to business success as other functions. in 2022 and is expected to reach $11.4B by 2026, with a CAGR of 12.8%.

Gartner 52

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. It’s an incredibly exciting time to work in the supply chain.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Supply Chain View from the Field

JULY 19, 2013

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. The theoretical model was tested based on a survey of 113 UK companies.

Innovation 68

Innovation Supply Chain Software Journal Supply Chain 68

Tompkins Blog

APRIL 15, 2014

According to a recent survey by Tompkins Supply Chain Consortium, nearly 80 percent of participants agree. From a global view, survey participants from North America believe their supply chains are of greater value to their companies than do the rest of the world. Click here to download the report and receive additional information.

Inventory Reduction 46

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 46

Supply Chain Game Changer

JULY 14, 2021

This, they say, includes value delivery through supplier- enabled innovation (SEI); sustainability through environmental, social and governance (ESG) goals; as well as agility through digitalisation — all of which will enable the business to deliver on its growth agenda” (Procurement Leaders 2021). Create a Sustainability North Star Metric.

Optimal Sourcing 98

Optimal Sourcing Procurement Sustainability Material Savings 98

Logistics Viewpoints

OCTOBER 7, 2022

The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Walmart to buy Alert Innovation. The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030.

Logistics Network Optimization Software 184

Logistics Network Optimization Software Real Estate New York Logistics 184

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. The industry considers the company a leader, but I know the dark side that internally, the IT processes squash innovation. As long as companies are motivated by functional metrics, inventory management will be an enigma. Mistake #5. Measurement.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? What innovations could be introduced?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

MAY 21, 2013

Most care providers are working to get physician and clinical alignment to focus on the right balance of standardization, product utilization, and innovation. Balance innovation and standardization. Reward supplier companies that enable innovation. Please let us know your thoughts in our confidential survey.(If

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Synovos

FEBRUARY 21, 2023

The report’s findings, based on a survey of indirect procurement professionals, demonstrate that the need to improve operational efficiency and eliminate internal complexity is the biggest reason for adoption. ” Respondents to the RS and CIPS survey share this view. “It He is not alone.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 22, 2015

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. I believe this is necessary at the earliest stages of a supply chain transformation.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

HICX Solutions

AUGUST 11, 2021

As a pain point revealed in the HICX Supplier Experience Management Survey , Charlotte explains that the ‘new normal’ has cemented the need for more efficient communications across the board. We have clear metrics that talk about payments on time to suppliers, or, if they raise an issue, how quickly is that getting resolved.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Alloy

APRIL 10, 2023

Instead of wondering, we conducted a survey to collect some data. But without the ability to closely monitor inventory metrics and pinpoint the root cause, it’s hard to do anything about it. So you might wonder what these companies have in common and how they all find value in our data and analytics platform for consumer goods brands.

Analytics Software 52

Analytics Software Alloy Predictive Analytics Software Inventory Management Software 52

ivalua

NOVEMBER 26, 2019

Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. That is a shocking disparity.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

GlobalTranz

JUNE 15, 2017

The tools and techniques of Six Sigma put team’s heads together and stimulate innovation. It for sure requires some degree of self-organization and discipline, but it also creates a perfect ground for resourcefulness and innovation. Several techniques in this relation were already developed for you, for example, a 380-degree survey.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Enterra Insights

MAY 24, 2021

According to Collins English Dictionary , to “change face” means “to rotate the telescope of a surveying instrument through 180° horizontally and vertically, taking a second sighting of the same object in order to reduce error.” I was surprised to learn there is another definition for the term “change face.” They are: 1.

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

6 River Systems

NOVEMBER 11, 2019

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. Innovation is important for growth.

Warehousing 91

Warehousing Supply Chain Software Supply Chain Planning Software Optimization Software 91

Supply Chain Matters

FEBRUARY 17, 2023

According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. This was noted as the highest level since 2019, a pre-pandemic measure.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Enterra Insights

SEPTEMBER 17, 2019

O’Marah adds, “Champions of supply chain (myself most certainly included) have worked to lionize the profession by showing how it works to drive profits, deliver innovation and improve lives.” Drones, autonomous trucks, mobile robots, AI, efulfillment innovation — I doubt we will ever see such times again.”

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Strategy 100

Enterra Insights

SEPTEMBER 16, 2019

” They note an MIT survey of apparel companies found vastly differing definitions of supply chain transparency across organizations. performance-based metrics. When measured against these two dimensions, Bateman and Bonanni assert companies fall into one of four stages: Majority; Early Majority; Early Adopter; or Innovator.

Supply Chain Design Software 174

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 174

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. Order fulfilment metrics : These determine the cost of picking, packing, and shipping products to your customers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Trend

DECEMBER 22, 2023

However, standing still and sticking to old dogma’s, not innovate, come up with new ideas and envision a better supply chain planning future is not an option for me. Human centric decisions can include human qualities like creativity, empathy, innovation, contextual awareness, relationship management, meaning and purpose.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Material Handling & Logistics

DECEMBER 14, 2018

Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. Algorithms can help supply chain professionals and their colleagues in other departments identify new opportunities to improve efficiency and innovate processes.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

GlobalTranz

MARCH 23, 2016

You use a Voice of the Customer (VoC) survey to obtain negatives and positives from your customers. These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Automation is focusing on risk management, driving innovation, improving cash and increasing revenue.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

BlueYonder

SEPTEMBER 4, 2020

A recent ZipRecruiter survey showed that workplace diversity is an important factor for an astounding 86% of job seekers and that Millennials, who make up two-thirds of today’s U.S. Improve innovation. Having access to a variety of different perspectives also unlocks creativity and higher innovation. Increase Profits.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Resource Reduction 57

NC State SCRC

DECEMBER 14, 2020

Both of these assessments are described in the ratings description , as follows: “Through a process developed by North Carolina State University professor Robert Handfield, a review is conducted of publicly available information, as well as interviews and surveys of corporate procurement specialists.” Microsoft. Alphabet Inc.

North Carolina 40

North Carolina Company Optimal Sourcing Supply Chain Software 40

Supply Chain Shaman

JUNE 21, 2014

While innovation has slowed in Enterprise Resource Plannning (ERP) and Supply Chain Planning, I am bullish about some of the innovation coming from the supply chain network design technology providers like JDA, Llamasoft and Solvoyo. Service level is our most important metric. Reliability in both of these metrics is critical.

Case Study 282

Case Study Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 282

Kinaxis

JULY 13, 2018

In 2012, 59 percent of surveyed supply chain leaders answered yes. One of the executives in attendance hypothesized that it could be that most CEOs are focused either on demand creation or new product innovations, and that for them supply chain is perhaps the level of detail that they need not be bothered with.

SCM 100

SCM Big Data Predictive Analytics Software Supply Chain Network Software 100

Intelligent Audit

JANUARY 17, 2023

As rates continue to fall, industry metrics are beginning to reflect a new reality for the transportation market. for December, marking the metric’s fastest decline ever recorded. retailer and providing customers with an incredibly fast – and innovative – option for delivery, ” said Vik Gopalakrishnan, Walmart’s U.S.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Cost Reduction Strategies Vendor Strategies Supply Chain Planning Software 52