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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.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 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. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). 2: Audit Strategy.

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SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. The company is the third-largest manufacturer of flash memory in the world.

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.

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.

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.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible.

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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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Second, they adapt over time as market structures and strategies evolve. 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. The delivery against goals starts with leadership and a clear strategy. Reward teams for cross-functional metrics.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The nodes in the Supply Chain are those facilities that are involved in the end-to-end manufacture, processing, distribution, and consumption of goods. Supplier and Company Manufacturing facilities, Warehouses, Distribution Centres, Retail outlets, Return and Repair operations and Consolidation points are all Supply Chain nodes which use resources to perform their processing activities. Low cost sourcing is a predominant reason for this geographically dispersed network.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service. In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency.

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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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Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. I asked the group to think of demand-driven concepts as the enabler of customer-centric strategies. An example is the understanding of the shopper across the moments of truth in omnichannel strategies. It was an early morning.

50 expert tips on logistics planning and strategy

6 River Systems

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. Logistics strategies for streamlined fulfillment.

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?

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. the digitisation of manufacturing.

Seasoned Leadership in Action? ? An Interview with Joe Carson, CEO Spend Strategies, LLC!

Supply Chain Game Changer

This interview is with Joe Carson, CEO and Founder of Spend Strategies, LLC. Joe Carson, CEO Spend Strategies, LLC. Joe is currently the CEO of Spend Strategies. As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. From the early days of my career, the purchasing and manufacturing function has changed both from the inside-out and from the outside-in. Subscribe Here!

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. To help you determine what tactics, processes, technologies and practices are a must-have in a winning supply chain strategy, we reached out to a panel of supply chain professionals and asked them to answer this question: “What’s the single most effective way to create a winning supply chain strategy?”

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

It’s also a great foundation for a strong online marketing strategy as it provides premium marketing tools, such as SEO features and advanced ecommerce analytics. . Make sure you know the answers to questions like: How will my marketing strategy support my online store’s growth?

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. In manufacturing, I became good at labor bargaining. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts.

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. What is Manufacturing Operations Management Software? How can Manufacturing Operations Management Software help? Here is how MOM software helps manufacturers: 1. Single-source of up-to-date processing data.

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. What is Manufacturing Operations Management Software? How can Manufacturing Operations Management Software help? Here is how MOM software helps manufacturers: 1. Single-source of up-to-date processing data.

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. What is Manufacturing Operations Management Software? How can Manufacturing Operations Management Software help? Here is how MOM software helps manufacturers: 1. Single-source of up-to-date processing data.

Battle Strategies for Today’s Digital World

Supply Chain Nation

Technology has become the equalizer, trampling once unique selling propositions and strategies, as customers wield great power among retailers, distributors and manufacturers alike. They are defining strategies congruent with their purpose and targeted outcomes. Strategy – Define and segment the addressable market and clearly agree on what doesn’t align with the organization’s focus. Image Source: [link].

How to Become a Lean, Green Manufacturing Machine

Cerasis

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. 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.

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Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRM

How to Become a Lean, Green Manufacturing Machine

Cerasis

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. 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.

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New Survey Says Alignment of Supply Chain and Business Strategies Is Critical to Success

Tompkins Blog

RALEIGH, NC, April 15, 2014 — Is it important to connect your supply chain strategy with your business strategy? Aligning Supply Chains with Business Strategy , a new report by Tompkins Supply Chain Consortium based on survey findings from 172 participants, makes a strong case for the importance of connecting supply chain and business strategies. “We The greatest take-away from this report is that the importance of an integrated strategy cannot be ignored.”

Battle Strategies for Today’s Digital World

Supply Chain Nation

Technology has become the equalizer, trampling once unique selling propositions and strategies, as customers wield great power among retailers, distributors and manufacturers alike. They are defining strategies congruent with their purpose and targeted outcomes. Strategy – Define and segment the addressable market and clearly agree on what doesn’t align with the organization’s focus. Image Source: [link].

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4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

Even more challenging is establishing goals and metrics for this ever-moving target. We've suggested four of the most valuable key performance indicators (KPIs) to determine whether or not your sustainable supply chain management strategy is meeting your intended outcomes. Start at the sourcing phase, move into the assembly line, observe the transaction period between the customer and your company, and end at the customer’s final experience with your brand.

Navigating The End-to-End Journey

Supply Chain Shaman

The answer for many teams I work with is to wave their hands and declare the need for an end-to-end supply chain strategy. Building the Effective End-to-End Strategy. While companies believe that there is opportunity to building an end-to-end strategy, there is no standard definition. When source, make and deliver report to the same organization, progress is quicker. Companies with the greatest progress have a common leader for source, make and deliver.

Manufacturing and Cyber Security: A 5 Step Process to Create Internal and Customers’ Peace of Mind

Cerasis

Editor's Note: As we see the transition to digital manufacturing and the use of the cloud and other web-based systems, manufacturing and cyber security continue to collide. Cyber security is rapidly becoming a dominant concern for manufacturers and consumers. However, cyber security has become a critical component of effective management in manufacturing. When Did Manufacturing and Cyber Security Come Into Focus?

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. I spread my Supply Chain wings at an Aerospace company and since Aerospace and Defense is a key vertical market for Kinaxis, the recent Supply Chain Metrics That Matter: A Focus on Aerospace & Defense report was downloaded on my laptop to read on my next flight. It has about 6 million components which are manufactured in 30 countries by 550 unique suppliers. by Bill DuBois.

Industry 4.0’s Potential Needs To Be Proven On The Shop Floor

IQMS

99% of mid-market manufacturing executives are familiar with Industry 4.0, strategy. Investing in upgrading existing machinery, replacing fully depreciated machines with next-generation smart, connected production equipment, and adopting real-time monitoring including Manufacturing Execution Systems (MES) are manufacturers’ top three priorities based on interviews with them. Mid-market manufacturers getting the most value out of Industry 4.0 Source: Industry 4.0: