Remove Internet of things Remove Logistics Remove Metrics Remove Procurement
article thumbnail

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

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". A pull system is better than a push system. Read more. .

article thumbnail

Unlocking Efficiency with AI in Business Process Automation

Elementum

Internet of Things (IoT): Extending the Reach of BPA Internet of Things (IoT) enhances BPA by providing a continuous stream of real-time data for ML analysis, crucial for automating and refining operations. Common performance metrics include process completion rate and the number of automated tasks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

This transfer of ownership reduced the effectiveness of procurement. Robotics/wearables/the Internet of Things/additive manufacturing coalescence is redefining manufacturing. The Autonomous Supply Chain for Physical Logistics. Blockchain and cryptocurrency can and should disintermediate business process outsourcing.

article thumbnail

How Do You Define a Mature Supply Chain Planning Organization? (Part 1)

Supply Chain Shaman

Integration of corporate social responsibility metrics in planning. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. There is a lack of clarity on what drives value and metrics are functional. Procurement. Supply Chain Design.

article thumbnail

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

GlobalTranz

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

article thumbnail

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. End to End Supply Chain Visibility and the Internet of Things (IoT).

article thumbnail

The Coming Age of Cognitive Supply Chains

Enterra Insights

Analysts at Sprint Logistics note, “Technological advancements like the Internet of Things (IoT) and Artificial Intelligence (AI) are transforming the way we live and work, and traditional supply chains are not exempt from the digital revolution.”[2] ” Sprint Logistics Blog, 27 March 2020. [3]