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?".

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.

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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.

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.

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.

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.

Throwing Down the Gauntlet

Supply Chain Shaman

“The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organisation as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. This is a group of leaders.

Technology and the Changing Nature of Logistics

Enterra Insights

Supply chain operations are complex — encompassing a broad array of processes and operations. The staff at Interlake Mecalux defines supply chain operations this way: “The supply chain encompasses the planning, execution, and control of all the activities related to material and information flows. It spans the purchase of raw materials to the final delivery of the merchandise to the customer, including the intermediate processing of the goods.

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Susan Helper, the Carlton Professor of Economics at the Weatherhead School of Management at Case Western Reserve University, along with Timothy Krueger, a Research Assistant at Policy Matters Ohio, and Howard Wial, a former Brookings analyst, insist manufacturing still matters — even for nations with advanced service economies, like the U.S. The world of manufacturing is complex.

Data 100

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

Cerasis

Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market. Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Meanwhile, Lowe’s has created the LoweBot , which boosts customer service, explains Dan Gilmore of Supply Chain Digest. Furthermore, the speed of operation of robots will increase more than 30 percent by the end of 2017.

Trends 207

Manufacturers, Technology, and the Digital Age

Enterra Insights

Manufacturers have historically found themselves at the cutting edge of technological advances. During a fall meeting of the Manufacturers’ Council of the Inland Empire, Gregg Profozich, Director of Advanced Manufacturing Technologies at California Manufacturing Technology Consulting (CMTC), told participants, “Technology is key to survival of manufacturers.”[1] Profozich described some of the changes currently taking place.

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

Supply Chain Game Changer

Check out Brand Protection – The Definitive Role of the Supply Chain! These responsibilities are at the core of making your company run. And how do you increase the value of Supply Chain in the eyes of your Executives and other functions? Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Subscribe Here! Email Address.

Outsourcing Logistics: Does It Make Sense for Everyone?

Cerasis

The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. As the world’s economy has become increasingly complex, it has become impossible for a single entity to control all of the warehousing, transportation and administrative tasks that come with shipping and managing inventory. For this reason, more companies are turning to 3PLs to help with cost reductions and overall management of supply chain processes.

Last Mile Technology: How Technology & Transportation Management Aid in Efficient Execution of the Last Mile

Cerasis

These questions reflect why technology and effective transportation management, including the use of a transportation management system (TMS) and the Internet of Things (IoT), is key to the efficient execution of last mile delivery and service. The use of a TMS can benefit entire supply chains. The days of using technology solely for shipping within the last mile from a centralized factory or distribution center are ended.

Preparing Skills for the Future of Supply Chain Management

Kinaxis

by Bob Ferrari The following guest blog commentary is contributed by Bob Ferrari, Founder and Executive Editor of the Supply Chain Matters blog and Managing Director of the Ferrari Consulting and Research Group LLC. My topic was: Positioning Your Skills for the Future Needs of Supply Chain Management , and in this 21 st Century Supply Chain guest blog, I wanted to share some of my key messages to this audience as well, since this is a topic frequently brought up.

Speed Delivery with a Better Warehouse Management System (WMS)

Veridian Solutions

However, unique customer demands continue to increase, and a failure to plan for stronger demand will not excuse any issue, especially failures in the systems of record. Supply chain leaders need to understand how failures in the warehouse management system (WMS) could lead to poor experiences, how it affects efficiency, and a few best practices to increase the speed of fulfillment and delivery through peak season and beyond.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. With maritime transport growing at an average rate of over 8.5 percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Veridian Solutions

Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. Brick-and-Mortar Retail Is Often Left Behind in the Digital Inventory Management Conversation As explained by William Terdoslavich of DMN News , customers expect instant gratification when purchasing products in-store, and the same feeling exists when making an online purchase. That’s two entirely different things. Ease of use and training requirements.

Will Arrogance Stunt your Growth?

Supply Chain Shaman

Last week in the middle of a presentation, a supply chain leader made the statement, “We have solved the issues in supply through better optimization and use of data. It never occurred to this supply chain leader that there is no place to put “new forms” of demand data into today’s supply-centric enterprise architectures. After two years of studying corporate balance sheets and talking to supply chain leaders, I now see things quite differently.

Supply Chain Visibility and the Bottom-line

synchrono

Rick Morris, a Certified Supply Chain Professional wrote in Supply House Times that while improving fill rates, improved forecast accuracy also lowers inventory levels measured in days of sales; and simultaneously , improved forecast accuracy improves fill rates and lowers inventory. These improvements in inventory efficiencies then translate into improved financial metrics, including 10% improvement in earnings per share; 5% increase in return on assets; and a 2.5%

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

I cradled my cup of tea in my hand. Most of the concepts were new to the team; and while the group had discussed many of the ideas at a high level, they had not been able to take the conceptual ideas into implementation. I asked the group to think of demand-driven concepts as the enabler of customer-centric strategies. As we discussed the progression to outside-in, this raised the question of, “What is an outside-in process?”

50 Most Read Articles of All Time in Manufacturing, Supply Chain, Logistics, Transportation, & Freight

Cerasis

Since today is the last day of the year before we all get ramped up towards a productive 2016 and after finishing out top 10 most read articles in each of our five main categories ( Manufacturing , Supply Chain , Logistics , Transportation , & Freight ) we wanted to give you all a treat and list the top 50 most read articles of all time from the Cerasis blog. 50 Most Read Articles of All Time From the Cerasis Blog. What are The Elements of a SWOT Analysis?

Supply Chain Visibility Technologies: What’s Driving Retailers to Implement More?

Veridian Solutions

An entire array of supply chain visibility technologies, ranging from the Internet of Things (IoT) to big data analytics, empower supply chain leaders to make informed decisions. Supply chain leaders need to understand the challenges driving the adoption of such technologies, their benefits, and a few tips for implementation. Supply chain visibility technologies increase the level of oversight and accuracy within the supply chain.

The Global Supply Chain is Evolving – Are you ready?

MAVES

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). Companies that manufacture and distribute goods are relying more and more on the agility of their 3PL partners to provide the appropriate services to keep their supply chain efficient and their customers happy. Instead of fighting this change 3PL’s must embrace this in their business services. Advanced Analytics / Metrics.

3PL 40

A River Runs Through It…

Supply Chain Shaman

A River Runs Through It is one of my favorite films. It is the river of “demand.” In times of revenue shortfalls, sales-driven initiatives are short-term. It starts with the needs of the customer’s customer and flows through the extended supply network. To meet the needs, and navigate the volatility of global markets, leadership teams must navigate the river flows. In organizations, there is a better understanding of supply than demand flows.

Why A Successful Transportation Management Program Is Empowered By Data

Cerasis

This is the 7th post in this series that first started by giving an overview of the 10 areas shippers can turn to stay strategic. We then are going in depth on each of the 10 listed. The first 5 were as follows: 6 Strategic and Proactive Tips to Stay Ahead of Distressed Shipments. 5 Areas of Technology Application to Aid in Logistics Visibility and Communication for en Route Disruptions. 6 Benefits of Applying Useable Data in Logistics For Continuous Improvement.

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. At the end of the slideshow, you’ll also find links to our analyses of previous years’ rankings.

Digital Transformation in Trade Promotion: What Must Change?

Supply Chain Insights

If “going digital” implies changing the way things work, then how must digital transformation change the way trade promotion works today? Our survey on Revenue and Trade Promotion Management is closing soon; and we will have some pretty strong research to pass along on this topic; but you and I both know it is going to tell us that nearly half of the trade promotions continue to produce less than planned ROI. 2 Out-of-Stock Conditions.

The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

Which is why a drone took flight from the stage during Ryan’s keynote address at the Descartes Evolution 2017 Conference a couple of weeks ago and broadcast real-time video of the audience as it flew across the front of the hall. Much of that growth has been fueled by acquisitions, including four acquisitions in 2016, with more certainly to come this year. Business Intelligence, Analytics, Artificial Intelligence: We’re in the middle of an evolution here.

Top Logistics Articles of 2015

Cerasis

We continue our top articles from each of our main 5 categories today by covering the top 10 logistics articles that were the most viewed in 2015. Each of these five include several sub categories for more specific articles, such as the TMS category under Transportation Management. I encourage you to use the category picker to the right of this blog to browse various categories or use the search bar at the top right to search by keyword. Top Logistics Articles of 2015.

Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . The new year will then bring series on trends and on the state of some of the business functions and technology used in proper transportation and logistics management. We never ran out of or had too much inventory.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. To learn more about the biggest trends shaping the logistics industry today, we reached out to a panel of logistics professionals and asked them to answer this question: “What are the biggest trends in logistics technology?”

7 Important Tips to Optimize Your Freight Management

AFFLINK

Better freight management can make it possible for you to save money, improve your day-to-day operations, and increase your reputation with those you ship to. It's impossible to fine-tune or optimize any type of process without a plan. Go over everything involved in your freight management and see if there are things that you could potentially improve. IoT sensors can be placed on shipments both to verify where they are and to track them for analytics and metrics.

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

NC State SCRC

As organizations move towards visible, high velocity, transparent supply chains, a number of questions arise that are fundamental to the business, but which executive often struggle to answer with any clarity. How do we identify problems that may be surfacing, that are hidden in the mass of unfiltered data we have today? Often the sources of information are hidden in piles of data that we don’t think about. Brand owners are a key part of this.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. To help you determine what tactics, processes, technologies and practices are a must-have in a winning supply chain strategy, we reached out to a panel of supply chain professionals and asked them to answer this question: “What’s the single most effective way to create a winning supply chain strategy?”