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

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Review Inventory turns and Return on Assets.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Especially the digitalization of an entire supply chain ecosystem. .

Don’t let incorrect design assumptions affect supply chain performance

Kinaxis

by Alexa Cheater Wouldn’t it be nice if your supply chain actually performed the way you designed it to? Supply chain perfection just got one step closer with the Self-Healing Supply Chain and its ability to improve supply chain design assumptions.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Especially the digitalization of an entire supply chain ecosystem.

Question and Answer – Accelerate Supply Chain Performance Using Advanced Analytics

Logility

On the recent webcast, Accelerate Supply Chain Performance Using Advanced Analytics , I had the pleasure to speak with a leading authority in analytics, Bill Panak, Vice President, Data Science, Halo Business Intelligence.

Using Machine Learning Tools to Improve Supply Chain Performance

Halo

Our context here is supply chain planning and execution, but there is no reason to limit the scope of Machine Learning. When it comes to designing and creating technology solutions for supply chain analytics and business intelligence, this is not a throw-away idea buried in a long-forgotten PowerPoint presentation. Employees are receiving a double benefit: more time to focus on the strategic versus the mundane and real-time inputs to improve inventory management.

Tools 77

Supply Chains Made Simple: 4 Tips to Improve Your Business’ Supply Chain Performance

Unleashed

When it comes to improving a business’ inventory performance, interrogating the supply chain can be an intimidating prospect. Supply chains are complicated and difficult, and the prospect of change typically provokes a reflexive ‘if it isn’t broken, don’t fix it’ response. Looking ahead into the future and allocating adequate resources to improve the supply chain can pay off remarkably quickly.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. The tension I felt reading the brochure on the plane is what I believe every supply chain leader feels every day.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. Today, more mature supply chain teams focus on delivering value. Inventory Turns.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Digital Supply Chain.

Top Ten Tips to Boost Supply Chain Performance to Best in Class

Logistics Bureau

Here are my top 10 tips to boost your Supply Chain performance towards Best in Class. OK, why do so many organisations struggle with the same old Supply Chain Challenges? Perhaps the quality of Supply Chain training and education is not what it used to be?

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Most supply chains are complex and getting more so.

The Fight of the Titans

Supply Chain Shaman

Supply chain leaders are competitive. The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Yet, the Titans, the first generation of supply chain super powers, continue to battle competitors.

Why?

Supply Chain Shaman

Supply chain management, as a practice in commercial operations, is now thirty years old. When we look backwards and use the results on corporate financials as a litmus test on supply chain excellence, we find that: We have made Improvements in Productivity.

Does Your Supply Chain Self-Optimize?

Adexa

They have also influenced the way we make decisions in supply chain planning. As a result we are now in a position to have a supply chain planning system that may have enough intelligence to grow and change with the organization on its own!

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance.

Time for a Mea Culpa?

Supply Chain Shaman

For most companies today there is great room for improvement in the supply chain. Companies want a supply chain that is more aligned and agile. Current State of Supply Chains. Supply chain matters more, but it is understood less and less.

Groundhog Day

Supply Chain Shaman

Supply Chain Groundhog Day. Last night, the twitter feed was buzzing with pictures of the celebratory Supply Chain Top 25 dinner. The Gartner Supply Chain Top 25 is now twelve years old. I believe that supply chain leaders need to drive value-based outcomes.

Still managing your inventory with spreadsheets?

ToolsGroup

Most companies are still trying to use Excel to optimize their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests the number may be as high as 75%. Most supply chains are complex and getting more so.

White Paper Supply Chain Performance Management

Supply Chain Digest

Green Supply Chain. Inventory Management/Optimizat. Lean Manufacturing/Supply Chai. Retail Supply Chain. Supply Chain Agility/Flexibili. Supply Chain Network Design. Supply Chain Optimization. Supply Chain Risk. Supply Chain Strategy. Supply Chain Visibility. Search Supply Chain Videocasts. About the SCDigest and The Supply Channel Television Channel.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

As supply chain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” The discussion of customer-segmented supply chains happens often.

Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions.

Halo Redefines Demand Sensing to Boost Supply Chain Performance

Halo

Halo, the supply chain advanced analytics platform of Logility, Inc., today announced the release of Halo Demand Sensing, an innovative solution that leverages artificial intelligence (AI) and multiple data streams to create an accurate sense-and-respond forecast to increase margins and optimize inventory deployment. Halo Demand Sensing helps companies harness short-term demand signals to more effectively deploy inventory into high-priority channels and locations.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

For many years (1992-2001), I worked at Manugistics, a supply chain planning technology provider. It was refreshing for me today to talk to Adexa and see their fresh approach to supply chain planning. When I speak, people ask, “Who has the best supply chain?”

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind.

Lean Manufacturing Driven by Rapid Return on eKanban Technology Investment

synchrono

Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time. Eliminating inventory waste.

Lean 66

Growing recognition within pharma that inventory management should be a top priority

The Network Effect

There is growing recognition within pharma that inventory management should be a top priority. Industry insiders are beginning to put increasing focus on improving their inventory management practices, which lag far behind those of other industries.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

Four Inventory Optimization Questions Every Life Sciences Supply Chain Team Should Ask Itself

Logility

How do you know if meaningful inventory optimization is possible for your life sciences organization? Supply chains in all branches of the industry involve high-value, high-margin items that tend to trap large amounts of working capital in excess inventory, so the potential benefit is real.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

Rockwell Automation: A Case Study in Supply Chain Excellence

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC).

Ask the Expert: Three Questions on Inventory Optimization for Sean Willems Ph.D.

Logility

Interest in inventory optimization continues to increase as companies seek a more efficient way to reduce excess inventory while maintaining or improving customer service levels. What’s the most common misperception C-Level execs have regarding inventory optimization?