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?".

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.

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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.

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

The key to better logistics is a streamlined system that utilizes business intelligence and processes that yield transportation optimization. Working with old and outdated processes greatly limits what a supply chain is capable of achieving. Lack of external data.

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. Third, they align the interests of all the firms in the supply network so that companies optimize the chain’s performance when they maximize their interests. This is the goal of this post. And, then assess the current state of alignment.

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.

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%.

Why A Successful Transportation Management Program Is Empowered By Data

Cerasis

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. 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. Origination of Data.

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.

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.

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.

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.

Most Read Manufacturing Articles of 2015

Cerasis

It is that time of year again where we feature the most viewed articles on the Cerasis blog in each of the six main categories we write about: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. . As we are nearly just a week from Christmas, the marketing department likes to take a look back at some of the articles written by Cerasis and contributing authors to see which specific subjects sparked the most interest.

The 6 Top Supply Chain Trends to Make Supply Chain Managers the Hero of Their Company

Cerasis

Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. of the digital supply chain. Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information.

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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.

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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.

Ferrari: Under the Hood

ToolsGroup

Today we interview Bob Ferrari, executive editor of the blog Supply Chain Matters ( www.theferrarigroup.com/supply-chain-matters ) and founder and managing director of the Ferrari Consulting and Research Group. Bob’s supply chain experience spans more than 30 years at private sector and analyst firms, making him one of the most experienced supply chain authorities in our profession. What is the makeup of your blog audience?

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.

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.

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.

Evolution of B2B Networks

Supply Chain Shaman

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. Normally the only winner in a technology acquisition is the original venture capitalists of the company being acquired. It is seldom positive for the line-of-business user. In this period the concept of trading exchanges were largely overhyped and the solutions under-delivered.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Put first things first.

The Top 5 Supply Chain Blogs of 2016 …So Far

Cerasis

Our last post covered the Top 5 Manufacturing blogs of 2016. You can view all of our categories by using the drop down menu on the right side of this blog post about halfway down. There is some really great stuff not only by the Cerasis staff, but also a number of guest bloggers. Top Supply Chain Blogs from the First Half of 2016 So Far. It is evident that many folks want more information around to stay ahead of any changes that happen in this area.

S&OP: Five Steps to Get Started

Supply Chain Shaman

When I was in high school, I never thought that I would be a writer, but writing is now a large part of my life. In the course of the cycle of building content–research, writing and speaking–I get many questions. The caller on the other end of the line was in Northern Europe. He was enjoying the podcast series of the speakers, and wanted to participate. The processes and the requirements of the two companies were quite different. It is Sunday.

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6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Sustainable Practices Will Be a Leading Focus of Supply Chain Executives.

Go Horizontal!

Supply Chain Shaman

This lack of alignment is an impediment to improving balance sheet results. I am a product of traditional, silo-based thinking. I did not understand warehousing and transportation until reassignment to a logistics role in 1985. I cut my teeth on early forms of supply chain planning. In the building of outside-in processes, the leader acknowledges that an order is not the best representation of demand and that there is no substitute for market data.

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6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Sustainable Practices Will Be a Leading Focus of Supply Chain Executives.

5 Seismic Shifts in Supply Chain Technology!

Supply Chain Game Changer

Lora Cecere is Founder and Chief Executive Officer of the research firm Supply Chain Insights at [link]. Here are five fundamental shifts in supply chain technology that companies need to be aware of: Redefinition of decision-support software. Decision support includes all forms of planning: demand, supply, revenue, manufacturing, and transportation. There is currently a lot of noise in this market. Emergence of digital manufacturing technologies.

Seeing Beyond the Firewall

Supply Chain Shaman

Supply Chain Operating Networks: The building of supply chain applications using many-to-many architectures to connect multiple parties to multiple trading partners to improve multi-tier supply chain visibility, planning and execution to improve relationships in extended value chains. . The winds of a recession are whipping. The supply chain is safely tucked behind the firewall, operating on data that is late and out of sync with the market. The lack of vision saddens me.

8 Things Companies Get Wrong in Supply Chain Management

Logistics Bureau

For the smaller business, with a management team that has to juggle multiple areas of responsibility, it’s even easier to inadvertently neglect, overdo or omit certain aspects of supply chain management—or just get them plain wrong. Do These Things Right For Supply Chain Success.

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. We write to five main categories on the Cerasis blog: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Each of these five include several sub categories for more specific articles, such as the TMS category under Transportation Management. Top Logistics Articles of 2015.

8 Things Companies Common Mistakes in Supply Chain Management

Logistics Bureau

For the smaller business, with a management team that has to juggle multiple areas of responsibility, it’s even easier to inadvertently neglect, overdo or omit certain aspects of supply chain management—or just get them plain wrong. Do These Things Right For Supply Chain Success. Common mistakes in process management include: Use of paper-based workflows. One of these points is order and delivery. Snapping up future air transportation capacity.

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.

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What Supply Chain Risks are Threatening Your Company?

Enterra Insights

So it comes as no surprise a joint report published by the Cranfield School of Management and Dun & Bradstreet concludes, “There are significant differences across sectors, requiring varying risk management practices across industries.”[1] ”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. Loss of reputation or brand value. It’s a lot to keep track of.

LEAN throughtout the Supply Chain

The Lean Supply Chain

Supply Chain management is one of the main disciplines of any economic sector from manufacturing to distribution to retail. The life cycle of the product is an important consideration as it moves along the supply chain. Transport that occurs within the field operations for workers and products is taken into account in this phase. The 4PL keeps abreast of the sate-of-the art of the Supply Chains.

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