Modern Metrics

synchrono

The two areas of my working world are embracing technology like never before: Marketing and manufacturing. 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. The post Modern Metrics appeared first on Synchrono.

Sparking a New Conversation: Let’s Build a Network of Networks

Supply Chain Shaman

The processes are largely batch and out-of-cadence with the markets they serve. It is for this reason that we hosted our first session on building the network of networks. At the meeting last week, we explored the options to build a network of networks. In the words of the supply chain leader (s): “I think that this meeting is the Davos of supply chain thinking. It is hard for us to find time to have a different kind of conversation.

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Five Key Elements that Drive Manufacturing Flow

synchrono

If you follow the Demand-Driven Matters blog, you know we specialize in Demand-Driven Manufacturing and have identified the two key components of this method as synchronization and flow. Data from machines, tools, applications, enterprise systems – any data source – is synchronized to drive decision-making (In our view, this also enables the Industrial Internet of Things – IIoT.). Synchronization is also an enabler of flow.

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

Cerasis

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 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?".

Open Letter to the Chief Financial Officer

Supply Chain Shaman

For most, it is the end of the quarter. While for others, the end of the fiscal year is looming. The end of any fiscal period is a good time to take stock, and reflect. I walked into the event early before my speaking slot and sat down to listen to the CFO of Samsung Europe wrap-up his speech about his supply chain. After his presentation, there was a facilitated networking session on the role of the CFO in supply chain. Rethink the Role of the Budget.

Fine-Tune Your Supply Chain By Looking at Amazon

Savi

Does that mean to compete today, you need planes, trucks, ships and a global network of distribution centers? Often overlooked is that behind all of Amazon’s fleet assets run the best technology tools to manage schedules, performance, costs and customer satisfaction. In-transit visibility software-as-a-service provides accurate, live streaming data on the location and condition of cargo in motion.

eWorld Procurement & Supply 2016

Supply Chain Movement

Since 2001, eWorld Procurement & Supply, in association with Chartered Institute of Procurement & Supply, has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Internet of Things (the impact on procurement). Procurement Metrics. eWorld Procurement & Supply. Date: 2 March 2016. Venue: QEII Centre, London. Organization: Revolution Events. URL: www.eworld-procurement.com.

A New Way of Looking at Manufacturing Metrics

synchrono

The metrics you use to manage your manufacturing operations need to matter, and they need to be actionable. For a detailed review of the operational metrics we recommend in a demand-driven manufacturing environment, refer to our Metrics for Action Guide. Conventional wisdom also says to keep the number of metrics you measure to a minimum. Trying to measure too many things at once has long been a recipe for never getting anything done.

SCRC Meeting: Advanced Auto Parts is investing in Advanced Analytics to drive competition

NC State SCRC

Todd Greener, Senior Vice President of Supply Chain at Advanced Auto Parts, led off the discussion (after I provided an overview of what was happening in the digital space). They are also keenly aware of the move towards autonomous vehicles. With the merger between AAP, Carquest, and WorldPac, there is now a long-term strategy to win, and supply chain growth is a big part of connecting assets and presenting products to the customer is a big part of the strategy.

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

NC State SCRC

Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance. When spend analysis is combined with insights about contracts that are outstanding, another layer of insight can be created.

Smart Sensors and the IIoT Improve Manufacturing Efficiency

Cerasis

With the increasing prevalence of online connectivity and the recent inclination toward Industry 4.0 as well as the Industrial Internet of Things , manufacturers are using technology to enhance their operations in ways they never before thought possible to get manufacturing efficiency. The IIoT has already proven itself as a highly effective tool in the manufacturing sector, and we've only seen the beginning of what this technology is really capable of achieving.

More Insights on Deploying the Digital Supply Chain

NC State SCRC

On the second day of our executive focus group on the LIVING Supply Chain, the group took the opportunity to share insights regarding the emerging trends in the future of supply chains, with a focus on digitization, development of analytics and a focus on emerging technologies. The executives spent a good amount of time emphasizing the importance of “getting the question right” when it came to building analytical insights.

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

NC State SCRC

Recognizing the importance of having the right mix of data scientists and SMEs, the company has established a supply chain information and analytics organization composed of data scientists, operations research, and statistics PhDs to work on problems they are directed to from the business. All of these groups (supply chain IT, systems, supply chain analytics, planning and logistics analytics) participate in the Supply Chain Director’s Council.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. This is the goal of this post. And, then assess the current state of alignment.

The Impact of Digital Connectedness – Is Your Supply Chain Ready for the Complexity?

Supply Chain Nation

The report estimates that the digital connection between billions of customers and products will drive trillions of transactions. A few takeaways to consider as you explore how this level of digital connectedness will impact your supply chain and your response to the Internet of Things (IoT): The simplicity/complexity paradox. As the adoption of IoT increases, the type and amount of information shared across nodes will grow dramatically.

IoT and Manufacturing (Infographic)

Supply Chain Game Changer

Check out Industry 4.0 – Smart Manufacturing of the Future! The Internet of Things (IoT) enables the end to end connectivity of all aspects of our lives in an unprecedented manner. Internet of Things (IoT) Technology Industry40 IoT Leadership

Measuring Up?

Supply Chain Shaman

” The journey for value requires a clear definition and analysis of what is possible. To help, in this post, we provide you with some insights for the period of 2006-2015. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. The analysis needs to be measured through an evaluation of year-over-year improvements. The period of 2007-2008 was the great recession.

Mining Supply Chain Data for Insights

Supply Chain Shaman

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. YCharts is a provider of syndicated balance sheet and income statement data.) Our goal was to understand the characteristics of companies outperforming on growth, cost, and value.

Data 168

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. As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. In the setting of strategy goals, executive teams often set unrealistic goals because they are not aligned with supply chain potential. The growth rate of 2016 when compared to 2010 is an increase of 28%.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

Over the course of trip to Atlanta to connect to Peru, we began a discussion. The market shift was dramatic, and if we had made a series of small cuts in staff or direction, we would have had the same fate as i2 Technologies or Manugistics. Two of my co-authors fought me on the wording believing it was too strict. During the period of 1996-2001, the company struggled. I related to Steve’s story of death by a thousand cuts. Orbit Chart of Cisco Systems.

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020. Supply chain data provides a comprehensive view of specific and enterprise-wide company functions. Taking a proactive role in data management can make a difference, and the right data is not necessarily the same as that of your top competitors.

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Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. also known as the William Carter Company, is the leading brand of children’s clothing, gifts and accessories in America. Based on a heritage of quality and innovation, the designs earned the trust in generations of families. We eliminate the lower 1/3 of companies for the period from consideration.

Conquering the Explosion of Supply Chain Planning Data

Logility

Companies across all industries and sizes struggle to make sense of and value from the available mountains of data. Structured and unstructured data including that from social media, Internet of Things (IoT) and Blockchain sources continue to stream in but much is left untouched. This article will discuss the opportunity generated from the explosion of supply chain planning data and the necessity for digital supply chain transformation.

Application of Web Based Technology to Improve Supply Chain!

Supply Chain Game Changer

Information technologies support the logistics of operations, internal or production. Since the appearance of the first computers, information systems have been introduced in companies as a powerful tool to optimize and improve their management. The Spread of Big Data in Logistics.

Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

In parallel, I am also seeing market consolidation of traditional applications. There are five fundamental shifts: Redefinition of Decision Support Software. There is a lot of noise in this market. Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. The inclusion of cognitive computing in decision support will make the traditional applications in the advanced planning solution markets obsolete.

The “First Five” Industrial Manufacturing Trends of 2017

Cerasis

The "First Five" Industrial Manufacturing Trends of 2017. The Industrial Internet of Things (IIoT) is no longer the newest kid on the block. Nearly every new piece of equipment or technology is inherently imbued with data capture and processing capabilities. A report by Synchrono identified how every new upgrade leads to greater use of the IIoT in manufacturing, reports Supply Chain 24/7. Actionable Metrics Will Enhance Operations, Reducing Costs.

Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. Manufacturers are prioritizing real-time monitoring to attain the goals of increasing product quality, reducing time-to-market and attaining faster revenue growth.

Revolutionize Your Planning with SCP 4.0

Kinaxis

Companies are struggling, unable to get ahead of increasing complexity and mounting risks. Excel hell is still common place – companies filling the gaps of their supply chain systems with workbook after workbook. Data will need to be threaded together from new sources like the Internet of Things (IoT) and social media, allowing new insights to be formed and acted upon. Decision-making power will need to be put in the hands of an organization’s front line.

Embracing the Digital Supply Chain

Supply Chain Shaman

I even remember when the overnight processing of film was considered quick. As I drank a cup of coffee and waited, I reflected on the article I had just completed for the Institute of Supply Management. One of my friends in consulting markets the concept by a direct-mail campaign of mailing personal drones in special wrappers. One of my clients waits four days for a custom report. Supply chains do not move in the cadence of the market.

How Do You Define Your Supply Chain Challenges?

Kinaxis

Many are filled with our favourite industry buzzwords: Visibility , Risk Management , Cost Pressure, The Internet of Things, Security Threats… and the list goes on. A common mistake when developing a supply chain strategy is to select some key initiatives or technology platforms and a list of best practices, and work backwards to highlight the business problems you’ll solve with your plan. Real time transformation of data into competitive insight.

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. The era of smart, connected products has arrived.

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5 supply chain management habits that will land you on the naughty list

Kinaxis

It’s that time of year again when Santa’s busy making a list, checking it twice and trying to find out who’s naughty or nice. If you haven’t broken these ineffective supply chain management habits , you’re likely to find nothing but a lump of coal in your stocking come Christmas. It doesn’t matter what’s happening in the rest of the supply chain, as long as your team is meeting its goals and objectives. Lack of engagement. by Alexa Cheater.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

The digital business landscape for a shipper, such as the use of an ERP, TMS, and other digital aspects, such as The Internet of Things , provides unparalleled insight into how an organization in the supply chain can improve efficiency, visibility, and productivity. Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed.

Imagine the Supply Chain of the Future

Supply Chain Insights

On September 9–11, 2014, 110 supply chain visionaries will gather in the desert at the Phoenician Hotel in Scottsdale, Arizona to think differently and define the future of supply chain. Today, 90% of publicly-traded companies are stuck at the intersection of operating margin and inventory turns. While most companies have been able to make progress in one of these two critical metrics in the period of 2006-2013, they have not been able to make progress on both together.

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

Supply Chain Shaman

I was not sure what the discussion was going to be, but I was hoping to be wide-awake by the time that I got to the corner of 18 th Street to meet my client. Their goals were lofty, but their understanding of supply chain planning was hazy. The cost was 60% more in than average; but even more unfortunate, they never got a good understanding of how to use the planning system. Table 1: Characteristics of a Mature Planning Organization. Low Level of Maturity.