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

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based based electronics manufacturer. There has been a major earthquake in Chengdu, China… where several of your key items are manufactured.

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Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance, also makes it very difficult to track supplier performance.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance also makes it very difficult to track supplier performance.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain. I was talking with a practitioner last week who was the internal champion that brought Logility Voyager Solutions into a leading flooring manufacturer. Connect. Share. Learn.

Quality Management in Supply Chains: Performance and Conformance

The UCLA Anderson Global Supply Chain Blog

Quality Management in Supply Chains: Performance and Conformance. With the increase in outsourcing practice since the 1990s, supply chains have become very complex, involving many intermediaries. This figure, produced by Sourcemap.com , illustrates the complexity of today’s laptop supply chains: Clearly, with so many layers, it is difficult for companies to have full visibility on their operations. Distorted Performance Standards.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains. To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics.

Empowering Your Supply Chain Workforce: 3 Tips for Manufacturing Directors

Loftware

What can you do to improve your supply chain performance? Supply Chain Manufacturing Labeling

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Now in its seventh year, in the analysis, I learned a lot about the impact of supply chain choices on balance sheet performance: -Not Straightforward.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Hospitals Too Have the Same Supply Chain Planning Challenges

Adexa

There were limited amount of supplies and surge in demand for N95 masks, ventilators, hospital beds etc. Generally high demand is a good thing for manufacturers. As a result of this approach, supply cannot be planned accurately and user intervention is needed to make adjustments.

Lean Manufacturing Driven by Rapid Return on eKanban Technology Investment

synchrono

Lean Manufacturing relies heavily on trusted relationships with suppliers and pre-negotiated terms of engagement. Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time. Ensuring supplier performance. Pull Manufacturing with Kanban.

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Deployment of Adexa’s latest version of its SCP solutions at Teledyne Dalsa

Adexa

the leading provider of intelligent AI-powered S&OP and S&OE for supply chain optimization and digitalization, today announced successful deployment of Adexa’s latest version of its supply chain planning solutions at Teledyne Dalsa.

The Remedy for Inefficiencies in Contract Manufacturing

QAD

Our health care industry depends on the pharmaceutical and medical device industries, and they, in turn, depend on contract manufacturing organizations (CMOs) for their outsourced manufacturing. Optimized Digital Manufacturing. Contract Manufacturing Supply Chain Continuity.

Mitigating Supply Chain Risk Beyond Covid-19

Adexa

Covid-19 has been yet another wakeup call to companies to mitigate their supply chain risk. in the last several years, global disruptions have caused at least one company in twenty to suffer a supply-chain disruption costing at least $100 million. Besides, there are more frequent events such as surge in demand, capacity issues with contract manufacturers and supply lines or geopolitical events such as tariffs.

Supply Chains By the Numbers

Supply Chain Shaman

When 2015 rolls in, for me, it will mark a decade of quantitative research focused on understanding the evolution of supply chain management. Insights on Supply Chain Organizations. In the early years, there were no supply chain organizations. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation. For me, it was manufacturing.

White Paper Supply Chain Performance Management

Supply Chain Digest

Green Supply Chain. Lean Manufacturing/Supply Chai. Manufacturing Technology. Retail Supply Chain. Supply Chain Agility/Flexibili. Supply Chain Network Design. Supply Chain Optimization. Supply Chain Risk. Supply Chain Strategy. Supply Chain Visibility. Search Supply Chain Videocasts. About the SCDigest and The Supply Channel Television Channel.

Let Adexa Genie Plan Your Supply Chain

Adexa

I can autonomously perform dedicated functions in the supply chain and beyond. We can monitor everything that is going on in the supply chain and tell you things that are going wrong. The post Let Adexa Genie Plan Your Supply Chain appeared first on Adexa. Digitalization & Machine Learning Planning and Execution Risk Management Risk Planning Supply Chain Performance ManagementI am, Genie, Adexa Intelligent Agent.

S&OP: Five Steps to Get Started

Supply Chain Shaman

I will also pen my 95th report for this week’s Supply Chain Insight’s newsletter. We now reach 23,000 supply chain leaders globally with our newsletter and have over 50,000 views/month on Slideshare. Frustrated that my upcoming Supply Chain Insights Global Summit was in Phoenix, he asked if I ever came to Europe. The company had a strong manufacturing culture, and the focus was on the urgent. Economic Vision of Supply Chain 2030.

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Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. Today, more mature supply chain teams focus on delivering value. While companies want to improve supply chain performance and drive value, it is easier said than done. Typically, it is a lack of common definition on what defines supply chain excellence.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Performance.

Time for a Mea Culpa?

Supply Chain Shaman

For most companies today there is great room for improvement in the supply chain. Companies want a supply chain that is more aligned and agile. Current State of Supply Chains. On the 9th of April, I went to see a supply chain leader that spoke of how a “tightly integrated” global supply chain was making things worse for him. Supply chain matters more, but it is understood less and less.

Manufacturing ERP Plays a Key Role for Sustainability

QAD

While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness. The Sustainability Movement in Business and Manufacturing. Many manufacturers now publish separate sustainability reports or incorporate the information in their annual report including Nexteer, Tesla, Ball Corp.,

What-if Scenario Planning is a Waste of Time

Adexa

There are millions of variables in any supply chain model. Do you really want to do what-if for every possible scenario, given tens of thousands of demand items, part numbers and customers, from weather-related issues to late arrival of supplies or temporary breakdown of a contract manufacturer? Enterprise Risk Management Planning and Execution Risk Management Risk Planning Supply Chain Performance Management Supply Chain Planning

Top Supply Chain Challenges for Manufacturing Companies

Supply Chain 24/7

Only a scalable, interoperable supply chain planning and optimization platform can ensure a company’s supply chain performance is optimized

3 Factors Driving Machine Learning Performance in Your Supply Chain [Video]

Supply Chain Nation

The demand for seamless supply chains is becoming increasingly important and – thankfully – possible when using artificial intelligence (AI) and machine learning (ML). Three key factors, which include forecast accuracy, robustness and the explicability of data, influence your supply chain performance. With a seamless supply chain, you can have better accuracy in forecasts, become more profitable and reduce waste.

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Apprentice Systems with Attribute Based Planning

Adexa

Attributes are essential elements to define every aspect of a supply chain in as much granularity as needed. An example of this would be: Only Supplier X is Qualified for Customer Y AND manufactured in NA OR Europe AND Processor Speed between 2 and 5 G. As it can be seen, attributes can define the supply chain in great detail making digitalization a reality.

The Power of Execution

Adexa

Yes, it is nice to have visibility into your supply chain. The ability to execute the plan and be able to produce accurate plans ensures high delivery performance and happy customers. Thus, you can avoid a lot of inefficient manual and sub-optimal planning that may be done hastily because of not having an accurate model of your supply chain ( A Digital Twin—according to Gartner ).

Supply Chain Digital Blueprint—Path to Stage 5 Maturity

Adexa

If you are still using spreadsheets to run your supply chain you are in good company. Where in the latter, the highest stage of maturity, you can perform digital and touchless planning. It is a solution that can get better over time and can change itself to adapt to the changes in the supply chain (you can read more on this at self-improving-and-self-repairing-supply-chains ) But it requires to have a Digital Mirror© of your supply chain.

Real-time Information Increasingly Important for Manufacturers

QAD

Manufacturers Thrive on Timely Information. While this is an extreme example of timely information access from the financial sector, manufacturers are realizing the need to access timely data in order to rapidly respond to changing business conditions. How quickly are you made aware of inbound supply disruptions? Consider just three areas where improved data access boosts operational performance: Improve Supplier Performance.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

For many years (1992-2001), I worked at Manugistics, a supply chain planning technology provider. It was refreshing for me today to talk to Adexa and see their fresh approach to supply chain planning. Today I am deep into writing reports for the Supply Chain Insights newsletter. Each year we look at supply chain financial ratios and write a report on the Supply Chains to Admire. Who is performing the best in this industry?

Maritime and Container Logistics: Who Will be the Catalysts to Drive Total Value Optimization?

Maine Pointe

Mike Notarangeli, is EVP, Logistics at Maine Pointe and a former Executive Director for the Semiconductor Manufacturing Global Council at RosettaNet / GS1 US. Logistics Sustainability Supply Chain PerformanceMike recently attended TPM19, the industry event for the Trans-Pacific Maritime Conference.

Cargo 40

Beyond S&OP … Execution Visibility

Adexa

1 challenge among manufacturing companies is connecting sales and operations planning (S&OP) to operational plan [i.e. Planning and Execution Sales and Operations Execution (S&OE) Sales and Operations Planning (S&OP) Supply Chain Performance Management Supply Chain PlanningAccording to Gartner: “The No. execution].”

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Master data management should be higher on the agenda

Supply Chain Movement

The ever-advancing digitisation of business processes is raising the demand for high-quality data and making it increasingly important, because the success of supply chain collaboration is inextricably linked with the exchange of usable data. Master data forms the basis for the digital transformation, such as the efficient design of the provision of information in the supply chain. This article was first published in Supply Chain Movement 21 | Q2 – 2016.

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. Lean supply chain performance measurement.