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.

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.

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Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. 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.

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.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. When the forecast is accurate, you don’t waste resources manufacturing unneeded product, and priorities are clearer throughout the organization. Choosing Metrics.

Manufacturing Gains From Machine Learning

IQMS

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. New products are proliferating in manufacturing today, and delivery windows are tightening.

Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

The role that procurement plays in manufacturing organizations is a difficult one. Digitization Benefit #2: Strategic Sourcing Alignment. These benefits open the door to new opportunities for innovation and growth, giving manufacturing organizations a powerful competitive advantage.

How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Advanced analytics for manufacturing is a good place to start.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. With China already a source for semiconductor raw materials and the China/India end consumer market growing, there will be pressure to supply chips and hard drives to local China/India OEM’s first. by CJ Wehlage.

How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Advanced analytics for manufacturing is a good place to start.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He knew what his cost point had to be on the product which meant that he had to have the product manufactured overseas. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. The post Outsourcing Sourcing!

Top 10 Manufacturing Trends For 2019

IQMS

Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers. to manufacturing value added in 2020.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

GlobalTranz

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs. Next, you would have management supporting this effort during their daily Gemba walk, reviewing these hourly metrics. Specific metrics: process metrics and outcome metrics.

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Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

A New Way of Looking at Manufacturing Metrics

synchrono

The metrics you use to manage your manufacturing operations need to matter, and they need to be actionable. For a detailed review of the operational metrics we recommend in a demand-driven manufacturing environment, refer to our Metrics for Action Guide. Conventional wisdom also says to keep the number of metrics you measure to a minimum. Measuring more than a select handful of metrics may not be realistic. Most experts agree.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

Guest Post: Ignoring this Performance Metric is Risky

TMC

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning. When Cisco saw news of wildfires in Colorado in 2012, it wasn’t concerned, because it had no manufacturing or suppliers in the area.

Data and Digitization in Manufacturing

Enterra Insights

Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies. ”[1] Manufacturing becomes even more relevant to advanced economies thanks to data and digitization.

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Making Better Manufacturing Decisions With the Help of Machine Learning

Oracle SCM

Manufacturing today is more complex than ever before. context, data is coming in from more and more sources. " Now when we look at the amount of data that is created in the context of Manufacturing, the Industrial Internet of Things, and Global Supply Chains, we can be sure that it is not much different. Is there a correlation between product failures in the field or customer returns & the manufacturing process used?

Five Key Elements that Drive Manufacturing Flow

synchrono

If you follow the Demand-Driven Matters blog, you know we specialize in Demand-Driven Manufacturing and have identified the two key components of this method as synchronization and flow. Data from machines, tools, applications, enterprise systems – any data source – is synchronized to drive decision-making (In our view, this also enables the Industrial Internet of Things – IIoT.). The post Five Key Elements that Drive Manufacturing Flow appeared first on Synchrono.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Leveraging Technology to Achieve Operational Excellence | Panel

DELMIA Quintiq

Or, the importance of digitalized manufacturing and how digitalization has enabled companies to pivot faster to new and more innovative products, processes or never-produced products needed to save lives in the pandemic. . What is the value of digitalizing the manufacturing?

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter.

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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Industry 4.0: The Emergence of Cognitive Manufacturing

Enterra Insights

The BCG analysts explain, “Today, another workforce transformation is on the horizon as manufacturing experiences a fourth wave of technological advancement: the rise of new digital industrial technologies that are collectively known as Industry 4.0.” Stepping stones between the two revolutions include the generation of big data, advanced computing, and the rise of digital manufacturing. ”[2] Computers and digital manufacturing ushered in other Industry 4.0

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.

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Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. Manufacturers in the high-performance cohort captured in our latest survey are using real-time monitoring to aggregate metrics and gain a 360-degree view of manufacturing operations accessible from any mobile or handheld device. Source: Capgemini Internet of Things (IoT) study, Unlocking the business value of IoT in operations.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. We’ve also got to educate the producers and manufacturers.

Understanding Supply Chain Management

SupplyPike

Most manufacturers depend on just-in-time (JIT) manufacturing policies. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Supply Plan: The Supply Plan metric provides Walmart’s best guess on how many units it expects to order from a supplier.

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Integrated Supplier Management: Plan, Execute and Adapt

QAD

Integrated Supplier Management is a must – manufacturers are still dealing with the effects of the global chip shortage, the Suez Canal blockage, changing trade policies and other global supply and demand disruptions. Optimized Digital Manufacturing.

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners. More successful manufacturers make a commitment to scheduling periodic and effective meetings to give their team members an opportunity to address upcoming logistics situations in advance.

Improving the Lives of Apparel Workers by Creating an Ethical Apparel Index

NC State SCRC

As noted in this news cast on ABC , this research will proceed in three stages over three years, and will require significant collaboration with apparel manufacturers and brands along the way if it is to be successful. The EAI will provide a third-party metric to generate marketing media (e.g.,

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today manufacturers must continually look for waste reduction, process improvement and supply chain efficiency to meet competitive pressures and their customers’ cost reduction requirements. North American manufacturers who have followed this course have seen significant and sustainable results often with reductions of 25% which in turn helps to maintain and enhance their immediate market position. What role will energy play in the long-term strategy for manufacturers?

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. Manufacturing agility.

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. Manufacturing agility.