Remove Internet of things Remove Metrics Remove Shipping Remove Sourcing
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?". Read more. . Read More. .

article thumbnail

How Can Life Sciences Supply Chains Navigate a Disrupted World?

Logility

Furthermore, life sciences products have high standards for production, storage, shipping and delivery. Digital twins can integrate a variety of data sources, including the Internet of Things (Industry 4.0), artificial intelligence (AI) and advanced analytics. Advice to the C suite – disrupt yourself or be disrupted.”

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Manufacturing Trends You Need to Know

Arena Solutions

IIoT The Industrial Internet of Things (IIoT), an extension of the IoT to industrial applications continues to be a major trend. Manufacturers are leveraging big data to provide them with a comprehensive picture of their business thanks to the ability to acquire information from an ever-increasing variety of sources.

article thumbnail

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

Supply Chain Network

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. And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global. With maritime transport growing at an average rate of over 8.5

article thumbnail

Throwing Down the Gauntlet

Supply Chain Shaman

It is one thing to write it, but it is a horse of another color to defend it. I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. This is the clear articulation of when and how to make, source, and deliver for the community.

article thumbnail

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used. Sometimes a third party source outside of the company needs to be accessed for data. That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. Consider this.

article thumbnail

Leveraging Big Data in Logistics Into Meaningful Business Analytics

Intelligent Audit

One solution is to turn to big shipping data. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source. Is it all structured or semi-structured?