Service Level Should Be Your Number One Supply Chain KPI…But What Does It Really Mean?

ToolsGroup

Most use ‘forecast accuracy’ as the main KPI to do this. Therefore it follows logically that filling orders–or order line fill rate (OLFR)–should be the number one KPI that tells you whether you’re meeting service levels.

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How Steel Manufacturers Can Thrive in a Changing Environment

DELMIA Quintiq

We empower metals manufacturers with a solution that can generate the best plan for the future, by: Incorporating all constraints, business rules, regulations and preferences. Industrial Equipment Industry Standards Manufacturing Calculations KPI Based planning steel steelmaking

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. Supply Chain KPI. What’s a KPI, Anyway? KPI stands for Key Performance Indicator, and can be defined as a practical and objective measurement of progress, either: Towards a predetermined goal, or. You will use a KPI in the same way as your car’s speedometer. Production/manufacturing.

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Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

GlobalTranz

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL." Also monitored were Whirlpool supplier SLA/KPI agreements.

What's your KPI?

Infosys Supply Chain Management

Give personal bias a rest: Devising a KPI is a challenging affair, overcoming bias adds to the challenge. Lean stunned the Manufacturing business with its disruptive ideologies and transformed the KPIs to a greater extent, the same applies here. Be latest, context driven and improve continuously: A must thing I must say, gives you a chance to introspect and evaluate, something which is critical factor in success of any KPI.

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40 Manufacturing KPIs That Optimize Production Performance

Silvon Software

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs.

An Introduction to Some Supply Chain KPI Fundamentals

Logistics Bureau

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. Some KPI Examples. KPIs in Manufacturing: Let’s start with manufacturing. We might also use a KPI to track adherence to cost standards within manufacturing; for example, to see how effective a yield we get from a fixed number of man-hours or a fixed amount of material. Performance Measurement - KPIs KPI

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Unwrapping production: How to transform packaging manufacturing

DELMIA Quintiq

To meet consumers’ increasing appetite for choice, Fast Moving Consumer Goods (FMCG) manufacturers develop a huge amount of Stock Keeping Units (SKUs). This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand. The packaging industry is one of intense competition, so individual manufacturers have to keep up. As a result, most packaging manufacturers struggle with delivery reliability and high inventory levels.

Top 3 challenges facing manufacturers and how to overcome them

SYSPRO Smarter ERP

The manufacturing industry confronted many uncertainties in the last year due to the pandemic. The pandemic has led to many shifts in manufacturing including new challenges to overcome. The manufacturing industry was not prepared for the pandemic.

Manufacturing Metrics that Actually Matter (The Ones We Rely On)

synchrono

I have found this to be true when working with many different manufacturers. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. However, the amount of responsibility and work content for most workers has grown at the same time, and left these workers with little ability to truly affect the measurements that are prevalent in today’s manufacturing environment.

KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. Supply Chain Management and ERP ERP and Lean Manufacturing ERP systems

Intelligent Manufacturing with SAP S/4HANA

Bristlecone

The SAP S/4HANA manufacturing suite is a powerful, end-to-end suite of solutions that enables intelligent manufacturing and supply chain processes from design to operations. It is a powerful suite that helps convert manufacturing processes into one intelligent, integrated solution.

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Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise.

QAD Adaptive Applications Further Enables Adaptive Manufacturing Enterprises

QAD

This latest release further enhances our customers’ ability to intelligently adopt and boost adaptive manufacturing capabilities. Adaptive Manufacturing Enterprises can effectively address the increasing pace of change and disruption companies face today.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

GlobalTranz

To start you must have the KPI's visual along the value stream. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI). Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean culture

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What is the meat of the matter for manufacturers of meat products?

DELMIA Quintiq

Meat manufacturers usually suffer from the lack of cross-functional visibility as well as cross-company visibility. Everything starts and ends with the planning department, resulting in a high-stress environment for planners at meat manufacturing facilities: If a customer’s order was missed, or if there’s a raw material shortage, the blame is placed on them. What is distracting meat manufacturers from building efficient plans?

Top 6 Supply Chain KPIs: Keep Your Dashboards Simple

Logistics Bureau

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. Damage-free delivery: This measurement is sometimes incorporated into the in full KPI, but can just also be a stand-alone metric.

Trane Technologies’ Digital Simulation Journey

DELMIA Quintiq

In select sites, Trane Technologies leverages cutting-edge manufacturing technology allowing the company to improve response times, reduce project life cycles, optimize production processes and enhance facility footprints. AME Group Leading the Way.

Manufacturing Disruption is Here. Will Your Company Survive?

QAD

Manufacturers can miss opportunities to adapt due to their lack of speed in responding to disruptive forces, under-investing in new growth areas or applying existing business models to new markets. Manufacturers’ business strategies and production tactics are being affected by “business disruptors,” including changes in the business environment and in the ways products are made. How will Manufacturers Survive Disruption? Continuously Improve as a Manufacturer.

9 Throughput Supply Chain KPIs to Measure for Shippers

Intelligent Audit

While Grealou spoke of manufacturing, that view applies to all shippers and the need to measure throughput. That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. Lead time forms yet another supply chain KPI.

BI in Manufacturing: 3 Realistic Steps to Data Mastery in 2020

Unleashed

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020.

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Wired for Success: Optimizing Sales and Operations Planning for the Wire & Cable Industry

DELMIA Quintiq

The global wire and cable manufacturing industry is slated to be valued at US $232 billion by 2025 at an annual growth rate (AGR) of approximately 5 percent. It is crucial for wire and cable manufacturers to optimize forecasting and production capacity.

Viterra Initiates Global Digital Transformation Program with Dassault Systèmes’ DELMIA Quintiq

DELMIA Quintiq

It offers all supply chain partners new ways of collaborating, smarter methods for managing data, more actionable KPI monitoring and faster decision making based on simulating what-if scenarios, to keep pace with all changes in supply and demand.

How Manufacturing Operations Management (MOM) can drive business performance

SYSPRO Smarter ERP

Manufacturing companies already know that digital technologies, such as the Internet of Things and Industry 4.0 , are transforming the way the industry operates. Inaccurate job costs: In every manufacturing industry today, margins are under pressure from competitors – both local and global.

Why 9 out of 10 companies don't achieve sustainable results in their continuous improvement process.

Aioneers

Almost every production company has a continuous improvement process: an army of people is constantly working on improving operational KPI’s, like, for instance, Overall Equipment Efficiency (OEE). supply chain execution management manufacturing

28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. Every KPI needs a clearly defined goal. Buyer / Procurement Department KPI s.

Logistics Analytics – Beyond KPIs on Tender Acceptance and Carrier Performance

Supply Chain Collaborator

Today, market forces, including just-in-time manufacturing and the “Amazon-ization” of commerce, drive customers to order less product , more frequently. Collaborator Blog analytics data KPI tendering

How Manufacturers Are Capitalizing On Sales Metrics & KPIs

Silvon Software

In today’s dynamic business environment, a well-designed sales analytics program can easily become a competitive advantage for manufacturers by allowing them to quickly adapt to changing market conditions, trends and customer demands. Every sales KPI needs a clearly defined goal.

Editor’s Pick: Updating Your Planning Strategies to Industry 4.0

Talking Logistics

The onset of robotics, intelligent manufacturing and data-driven optimization enables standardization of processes crossing supply, production and distribution irrespective of product lines and categories. KPI QuintiqNote: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics.

32 KPIs That Drive Inventory Optimization

Silvon Software

Inventory can be a manufacturer’s most important asset. Key performance indicators (or KPIs) help to facilitate these requirements and drive higher inventory optimization outcomes as a result for manufacturers, distributors and other supply chain-centric businesses.

Unilever wants to improve its planning and differentiation

Supply Chain Movement

I can’t see us joining other manufacturers to supply directly to consumers in the near future.”. In order to be able to send fuller loads and deliver products faster, we will have to collaborate with other manufacturers, including with companies such as Nestlé and Procter & Gamble. Growth as a KPI. Trends collaboration Differentiation Harm van Tongeren KPI’s Nestlé planning Procter & Gamble SAP Unilever Vincent Weijers

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Worse still, much of the data that could give manufacturers a complete, end-to-end view of their supply chain already resides within the systems of these partners; as much as 80 percent of it, according to some industry estimates. Frustrated manufacturers report having no idea they were down to the last box of parts.

Responsive and Flexible Fresh Supply Chain – A Sodebo Story

DynaSys

Sodebo is a family-owned French food product manufacturer founded in 1973. Their goal is to be the #1 manufacturer in four package categories: Salads, sandwiches, frozen pizza, and ready-to-eat meals-in-a-box. Sodebo is unique because of the constant innovation, the quality of the products, but also the human side, thanks to all the collaborators.

John Gattorna: ‘It’s all about customer segmentation’

Supply Chain Movement

Schneider Electric, a manufacturer of electronics for energy management, has internally identified specific customer segments with widely differing customer behaviour.”. People Andy Walker customer segmentation end-to-end supply IBP john gattorna KPI’s Oliver Wight S&OP Schneider Electric ZaraSuccessful companies such as Zara and Schneider Electric are organised from a customer segmentation perspective.

Steel Yourself for Change: Fully Optimized Master Production Schedules

DELMIA Quintiq

Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules.

5 Big Benefits of Using CMMS for Manufacturing Maintenance Activities

GlobalTranz

Managing a manufacturing plant or a facility maintenance enterprise can get very challenging, complicated and time-consuming for those who are maintaining paper logs for inventory and recording repairs and replacements manually. The KPI stats available from auto-generated reports can be used at all levels of decision-making. Just about every business can benefit from a maintenance assistant CMMS software but the 4 main types of industries are: Manufacturing Plants.

Introducing QAD Adaptive ERP 2021.1

QAD

As organizations seek to boost business responsiveness and flexibility to address disruption, this latest release progresses our customers’ ability to advance the business intelligence, innovation and business agility required by today’s manufacturers. Digital Manufacturing.

Are Your Manufacturing Metrics Meaningless?

synchrono

It seems not a week goes by when I don’t hear from someone in manufacturing: “You can’t manage what you can’t measure”. Of course, there is a lot of truth to that statement, but as someone who spends all day, every day, helping manufacturers gather real-time data for better operational performance, I believe the statement is incomplete. In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense.

20 Manufacturers Describe ERP Software Benefits in their Own Words

GlobalTranz

Editor’s Note: Today we are featuring this guest post from Find Accounting Software as it covers a subject we are also interested in, Manufacturing Technology which makes businesses more efficient. To better understand how your organization can benefit, we’ve collected comments from 20 manufacturers detailing the results they were able to achieve via their investments in ERP software. Earlier identification of product manufacturing issues. Measurement of KPI’s.

Deal or no deal: The impact of Brexit on automotive supply chains

DELMIA Quintiq

Even more critical is the amount of tax (such as import duty, VAT and excise) that manufacturers will suddenly have to pay, depending on the type of goods. Some manufacturers have started to prepare by trying to build stock, which increases their costs. For example, a piece of metal can be manufactured in Germany then further processed in the UK before it’s assembled in the final product in France. Impact on automotive manufacturers. Automotive Manufacturing