GlobalTranz

AUGUST 9, 2016

Lean is a new way of doing business. For shippers, culture and behavior have to change to apply Lean Transportation thinking. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Lean Cost Reduction Strategies 120

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Twitter Google+ LinkedIn The post 3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance appeared first on Transportation Management Company | Cerasis.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

GlobalTranz

JUNE 1, 2015

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? Lean Manufacturing Planning and Implementation.

Manufacturing Procurement 120

Manufacturing Procurement Agile and Lean Supply Chain Waste Reduction Inventory Reduction 120

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

The Logistics of Logistics

AUGUST 17, 2022

Nick is a Senior Account Executive and Team Leader at Lean Solutions Group , and Melanie is the Director of Solutions Consulting at Symtrain. Nick Strober is a Senior Account Executive at Lean Solutions Group , where he is known as a jack of all trades. About Lean Solutions Group. About Nick Strober. 500 Fastest Growing U.S.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Network Software Buyer Training 246

GlobalTranz

MAY 6, 2015

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. These metrics should be reviewed frequently to ensure supply chain success.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Lean, Blockchain, Industry 4.0,

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Opz

OCTOBER 27, 2013

Metrics used to evaluate these new books are as below, 1) Citation count from Google Scholar 2) Number of reviews found on Amazon.com 3) Editorial Opinion Citation count is a standard way to evaluate any publication. So, customer''s review on Amazon.com (3 stars or more) is also used as a metric.

SCM 246

SCM Procurement Analytics Agile and Lean Supply Chain Chad 246

Taulia

DECEMBER 6, 2024

How are companies rethinking their liquidity management strategies in response to the recent degradation across major working capital metrics? In the wake of economic uncertainty, many companies have experienced a degradation in key working capital metrics.

Inventory Reduction 52

Inventory Reduction Forecasting Software Supply Chain Planning Software Optimization Software 52

Supply Chain Insights

OCTOBER 29, 2014

I love the sound as it rolls off my tongue; but yes, the Metrics that Matter book is finished. Joe’s struggle is focused on figuring out what is possible in driving supply chain metrics, and how fast can he move forward. Uncategorized metrics that matter simulation activity Supply Chain Insights Global Summit'

Agile and Lean Supply Chain 187

Agile and Lean Supply Chain Metrics Lean Modeling 187

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Consumer Goods.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Unleashed

JANUARY 31, 2023

Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. In this guide to lean logistics: What is lean logistics? This approach to supply chain management is a child of Lean Thinking – a business methodology that originated in Japan in the late 1980s.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Unleashed

APRIL 6, 2022

Lean manufacturing involves 13 core principles – many more than the ‘five principles’ that are often associated with this popular manufacturing system. The lean concept originally came from manufacturing, but it has gained in popularity and is now used widely across different industries and sectors.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals.

Optimal Sourcing 307

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 307

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

JUNE 29, 2014

While discrete industries are good at the management of cycles, and process industries are good at the design of flows, as companies worked on Lean programs for value-stream analysis, they found that it was about the design of flows and cycles together. I smiled as I began to present the story of the “Metrics that Matter.”

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

GlobalTranz

JANUARY 4, 2017

Customer metrics. Cost or Cost Savings: Re-engineering/continuous improvement: Implement Lean initiatives to eliminate all wastes, improve processes, increase throughput, and bring much more value to the customer beyond their expectations: Lean consists of a culture/behavior change. Lean IS their DAILY work.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

The Network Effect

JUNE 11, 2014

In part one I laid out the 5 stage maturity model that shows how organizations can turn their “big data” into “big visibility” The stages are 1) Representation; 2) Accessibility; 3) Intelligence; 4) Decision Management; 5) Outcome-Based Metrics and Performance.

Supply Chain Design Software 194

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Design Prescriptive Analytics Software 194

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. In lean terms, we have too much muda (waste) and too little inventory working for us. Yet, only 20% of companies actively manage supplier development programs to get cash to suppliers in need.

Optimal Sourcing 242

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 242

The Logistics & Supply Chain Management Society

JULY 20, 2020

The philosophy of lean, triggers us to look for the “Ideal Way”. For companies not adopting lean, Peter Hines’s Six Rights seems to be a good start, which are Right Product, Right Place, Right Time, Right Quantity, Right Quality, and Right Price. Arguably, it is criticised that acting too lean can cause breakdowns in crisis.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Shaman

MARCH 4, 2013

Abby and I are writing an e-book on Supply Chain Metrics that Matter. Over the last decade, the only metric that we have improved in the supply chain is revenue/employee, a measurement of productivity. Companies that are not looking holistically at metrics are stuck. It is harder to understand lean body mass.

Price Mitigation Strategies 272

Price Mitigation Strategies Training Cost Reduction Strategies Sourcing Strategies 272

QAD

JULY 1, 2021

Improving communication between departments and comparing metrics across them. Our solutions are designed and implemented with manufacturing industry best practices in mind, such as: Lean manufacturing and process optimization. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

ToolsGroup

MARCH 18, 2019

Rather than cutting back, our customer Mohawk Industries decided to lean in. In order to meet today’s service expectations for fine paper products, Mohawk’s customer service-level metric was changed from “order lines shipped complete within five days” to “order lines complete and available at time of order”.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 293

ToolsGroup

JUNE 8, 2021

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. 6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred. worry no more! References Garnder, S.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

SCMDOJO

OCTOBER 30, 2024

Conversely, a student leaning toward supply chain analytics could engage with advanced courses in data science, predictive modeling, and optimization techniques. Courses and modules focused on data analytics, forecasting, and performance metrics equip students with the skills needed to leverage data in optimizing supply chain operations.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Supply Chain Shaman

MAY 21, 2013

We have used Lean process systems and swim-laned ourselves to death. Some helpful reports include: Supply Chain Metrics That Matter: The Cash-to-Cash Cycle. Supply Chain Metrics That Matter: A Focus on the Pharmaceutical Industry. Supply Chain Metrics That Matter: Driving Reliability in Margins.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logistics Viewpoints

OCTOBER 26, 2021

Supply chains must be connected and collaborative so all links can align to business strategy and oriented toward a common set of the most important metrics (and not functional metrics that drive siloed behavior). But to operate at the board level we need to be able to speak the CFO’s language. Spike up to protect against attack.

Supply Chain Design Software 305

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software Pharmaceutical 305

Logistics Viewpoints

OCTOBER 26, 2023

So why are so many still falling short of OTIF targets (and other key metrics)? What’s more, today’s supply chains operate at lean levels. We are well into the era of real-time transportation visibility, where shippers and their partners can track freight in real-time across every mode of transport.

Supply Chain Planning Software 293

Supply Chain Planning Software Real-time Visibility Supply Chain Design Software Supply Chain Planning 293

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Waste Reduction 98

The Network Effect

OCTOBER 3, 2014

Strategies around lean replenishment and logistics must be deployed to accomplish performance goals, many of which may be required to remain in good standing. Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals.

Supply Chain Network Software 195

Supply Chain Network Software Automotive Modeling Software Supply and Demand 195

Supply Chain Shaman

JUNE 26, 2016

The winners drive improvement while posting financial results in the Supply Chain Metrics That Matter ahead of the peer group. A Supply Chain Leader will make progress on both of these key metrics with a very tight and controlled pattern. The performance factors evaluated in the analysis are: Growth.

Supply Chain Design Software 206

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 206

Logistics Bureau

DECEMBER 22, 2024

Unlike most of the KPIs we recommend, perfect order is a composite of several elementary metrics. Damage-free delivery: This measurement is sometimes incorporated into the in full KPI, but can just also be a stand-alone metric. What about DIFOT?

KPI 74

KPI Agile and Lean Supply Chain Supply Chain Strategy Supply Chain 74