Decision Yield and Other Disruptive Metrics

DELMIA Quintiq

A unified platform within your operational and planning environment with a single source of data permits reaching all aspects and diminishes the opportunity for weak decision making under disciplined conditions. Lean thinking and processes are focused on removing these “wastes.”

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

GlobalTranz

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. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE.

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How to Sustain a Lean Culture in Manufacturing & Supply Chain

GlobalTranz

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean Culture by Creating "Standard Work".

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Metrics that Matter: Inventory Effectiveness

QAD

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. The absolute measure is less informative than the trend in the metrics. Use lean manufacturing and Just in Time to reduce inventory.

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

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. The future of manufacturing is being written today across the millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence. Quality Metrics Defining the Future of Manufacturing.

3 Components to a Complete Lean Transportation Management System

LeanCor

Lean thinking can help organizations develop and maintain a fast, stable, efficient transportation management system. When shippers apply lean thinking to people, process, and technology in transportation, the results are significant. Lean Leaders invest time, effort, and resources for team member training and education, and ensure the appropriate curriculum for all levels of the organization. This investment and focus on process discipline is the lean way.

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5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking. Lean thinking focuses on the elimination of all waste to bring value to the customer, beyond the customer’s expectations (where waste is defined as any non-value added process). The goal in Lean Transportation is to use the ‘Eight (8) Right’s: Right Materials.

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How to Become a Lean, Green Manufacturing Machine

GlobalTranz

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In it’s purest form, lean manufacturing is about eliminating waste and increasing quality and consistency — despite the pundits who insist you can be lean only if you can spell and pronounce words such as kaizen, kanban and heijunka. Lean success doesn’t mean approaching 100 percent machine utilization.

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How to Become a Lean, Green Manufacturing Machine

GlobalTranz

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In it’s purest form, lean manufacturing is about eliminating waste and increasing quality and consistency — despite the pundits who insist you can be lean only if you can spell and pronounce words such as kaizen, kanban and heijunka. Lean success doesn’t mean approaching 100 percent machine utilization.

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10 Most Influential Lean Books for All Lean Enterprise

Supply Chain Opz

Are you looking for lean books that help you create sustainable change? In this article, we will show you 10 best lean books every lean enterprise should read. Background According to a short survey we conducted, we found that the best "classic" lean book is The Machine That Changed the World: The Story of Lean Production by James P. Then, we believe this book is the most appropriate resource that everyone can lean more about the overall lean concept.

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

synchrono

Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment. There is no limit to the data sources that can be connected or how the data can be sliced and diced and made visual to accommodate the different layers and levels of the manufacturing enterprise.

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10 Greatest Lean Books for The Ultimate Lean Enterprise

Supply Chain Opz

Are you looking for lean books that help you create sustainable change? In this article, we will show you 10 best lean books every lean enterprise should read. Background Lean concept is considered one of the most popular management practice that can be used anywhere from manufacturing to service environment, from automotive industry to retail industry. Since lean concept is practice oriented, it has been adopted very well by both practitioners and academics.

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Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement.

The Important Role of Data Mining in Supply Chain Operations

USC Consulting Group

By collecting, sorting, and analyzing large amounts of data from various sources all at once, data mining helps companies discover valuable patterns and trends in their business operations.

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The Future of Energy for Manufacturing!

Supply Chain Game Changer

Programs such as Lean have become a popular means to develop a culture of simplification and constant improvement. Although Lean principles provide an excellent basis for managing energy costs, such costs are often left out of an efficiency drive… Why is that? Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Low cost sourcing is a predominant reason for this geographically dispersed network. A carbon emissions reduction strategy must take all Suppliers into account, not just the impact from your in-house facilities. Further your Supplier selection and management plan must include reporting on environmental emission metrics along with reduction goals and performance tracking. Do they have a plan to get all of their energy needs from sustainable and renewable sources?

Looking for Growth in Lean Times? Look North to Canada!

Supply Chain Network

There’s no getting around it, times are tough and we may still be in for more of these lean times for years to come. Every company is looking for that elusive source of growth to keep driving the top line, or at least to replace any shrinkage in business from the downturn. But in difficult times growth can be a hard thing to find and merchants both online and offline need to be creative and on the lookout for any potential sources of new growth.

How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

There are some important metrics which help make informed decisions on improvement initiatives. A basic yet powerful metric that usually is a good indicator of operating performance of a manufacturing business is the cycle time. This metric serves to enhance overall customer experience which comprises other key metrics - some of which are discussed here. A simple metric to start with would be to determine the On-time delivery to commit.

Halal Cluster Network: Connecting regional halal clusters

The Logistics & Supply Chain Management Society

In their time lean manufacturing and just-in-time were game-changing concepts. Strategic product segmentation, sourcing and inventory management. Analyzing real-time insights and historical performance using AI, delivers key metrics on availability and service levels.

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Profitable Agility and Resilience in Supply Chain Execution

The Logistics & Supply Chain Management Society

In their time lean manufacturing and just-in-time were game-changing concepts. Strategic product segmentation, sourcing and inventory management. Analyzing real-time insights and historical performance using AI, delivers key metrics on availability and service levels.

Tell Me Why

Supply Chain Shaman

Traditionally, the focus has been on building efficient organizational silos for make, source or deliver. As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. This year-over-year comparison, enables visualization of performance on two metrics. In addition, they rank last in their ability to drive metrics improvement. When we take a closer look at Wal-Mart, we see stalled improvement on performance metrics.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. Identify sourcing plant/s which can back-up each other in times of disruptions.

The Future Of Supplier Collaboration: 9 Things CPOs Want Their Managers To Know Now

GlobalTranz

As a sourcing or procurement manager, you may think there’s nothing new about supplier collaboration. For sourcing managers, this can be a lot of pressure. However, sourcing managers with a narrow focus on delivery are missing out one of the greatest advantages of forging collaborative supplier partnerships: an opportunity to drive synergies that are otherwise perceived as impossible within the confines of the business.

7 Best Supply Chain Books of All Time

Supply Chain Opz

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020In this article, we rank books based on their influence, popularity, recency and practicality and then we come up with the list of the best supply chain books.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. In this role he supported the different businesses (12 in Europe and 11 in Asia) for all aspects of the Supply Chain; but Peter did not have direct Asia Sourcing/manufacturing accountability. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. Adopt performance metrics for carriers.

COVID-19 to cause drastic shifts in supply chain management

EFT

In law firm Foley & Lardner LLP’s new report ‘Accelerating Trends: Assessing the Supply Chain in a Post-Pandemic World’ 70% of manufacturing executives expect their supply chains to move away from a focus on low costs and lean inventory.

Blog Series: The Ultimate Guide to Supply Chain Resiliency, Part 2 – Planning

Resilinc

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. Part 2: Planning your SCRM program.

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Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Do they embrace a methodology like lean, six sigma, or operational excellence? Building the lean culture to drive and sustain continuous improvement. Choosing the right target means defining your metrics, such as measuring carrier performance. 3 Tips in Choosing Supply Chain Management Services.

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The changing role of IT organizations in supply chain management

Kinaxis

I will lean on the Supply Chain Planning space as an example and relate to the broader shifts in the role of IT in supply chain management. As opposed to going with a “one throat to choke” approach, they are spending time in researching the best of breed and open source technologies to offer true systems of differentiation to business. by Dr. Madhav Durbha I recently read this very interesting book, “Be the Business: CIOs in the new era of IT” by Martha Heller.

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! This is a massive source of efficiency. Eliminating all unnecessary touches and hand-offs enables Costco to run a very lean and efficient Supply Chain. Subscribe Here! Email Address.

Turn Your Gemba Walk into a Power Walk

synchrono

The purpose of a Gemba Walk is not to confront employees about their performance, but to learn from them, and there are plenty of sources for information on the best way to conduct an effective walk. First, like eye-witnesses to an accident, employees on the front lines may not be the best source of information because their focus was elsewhere. Continuous Improvement Lean Manufacturing Uncategorized continuous improvement Gemba shop floor

The Fight of the Titans

Supply Chain Shaman

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio. An orbit chart is the linking of data across years at the intersection of two metrics.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. The composite of metrics includes growth, operating margin, inventory turns and Return on Invested Capital.) While most companies make improvements in single metrics, pushing the whole portfolio forward is tougher.