article thumbnail

How Risk Management Software is Transforming 3 Industries!

Supply Chain Game Changer

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! In fact, 89% of businesses encountered a supplier risk event in the last five years. But not all companies are prepared for this level of risk and complexity. That’s where supply chain risk management software comes in. Manufacturing.

article thumbnail

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

GlobalTranz

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?". Read more. . Read More. . Read More. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How can ERP benefit the manufacturing & distribution CFO?

SYSPRO Smarter ERP

Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. CFOs have traditionally been viewed as back office number crunchers and financial risk managers. Here’s ERP ROI for the manufacturing and distribution CFO: 1. Managing cashflow and maximizing profitability.

article thumbnail

Achieving enterprise-wide adoption of supply chain risk management

Resilinc

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. Difficulty in valuing risk management.

article thumbnail

What is supply chain sovereignty and how can manufacturers achieve this

SYSPRO Smarter ERP

Instead of the old vertically integrated business models (where one manufacturer performed most activities), international supply chains using specialized suppliers led to lower costs of production and services, improved quality, and better pricing. Ignoring risks in this area can lead to significant unplanned costs.

article thumbnail

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

While prior risk management disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. Advanced planning evolved with a focus on modeling manufacturing constraints. Watermelon Metrics Don’t Drive The Right Results. What are functional metrics?

article thumbnail

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.