Metrics that Matter: Inventory Effectiveness

QAD

Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements. Using Metrics to Measure the Health of the Business. Tracking, Managing, and Choosing Metrics.

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

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The goal is to keep inventory levels at a minimum to meet customer needs. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. When it comes to supply chain metrics, “beauty is in the eye of the beholder.”

Inventory Metrics: From Insight to Action

Kinaxis

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. Each metric requires context.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. If your team isn’t challenged to meet their goals, your bar is likely set too low. Going “red,” defined as not meeting stated goals, should not be treated as an abject failure if continuous improvement is anywhere in your business plan. While metrics are powerful tools, they’re only one tool amongst the many a leader can use.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

With the purpose of optimizing supply chain efficiency and asset recovery rates, applying a reverse logistics system has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals.

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.

Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

Cerasis

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1:

Aligning Metrics to Strategy

synchrono

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. Yet, without a good way to measure them, they will meet a great deal of resistance. See the Operations Metrics for Action Guide ).

OTIF – How to Meet Delivery Appointments

SupplyPike

A key part of meeting the OTIF requirements for all prepaid suppliers is scheduling delivery appointments within the must arrive by date (MABD) window of the PO. This date indicates when your product must be delivered to Walmart to meet Walmart’s on time requirements for that PO. Related Reading: Instock Metrics Every CPG Needs to Track. The post OTIF – How to Meet Delivery Appointments appeared first on SupplyPike - Supply Chain Simplified

How to make S&OP meetings a highlight in your team’s calendar

AIMMS

Common causes for this include poor change and process management, misalignment in terms of business strategy, mismatched metrics across the business, dysfunctional technology and lack of expertise to operate and implement technology. Suddenly, S&OP meetings would not be as tedious.

Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). Measure efficiency and productivity against your REAL goal.

10 Powerful Transportation Success Metrics to Watch

Zipline Logistics

Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics.

OTIF – How to Meet Delivery Appointments

SupplyPike

A key part of meeting the OTIF requirements for all prepaid suppliers is scheduling delivery appointments within the must arrive by date (MABD) window of the PO. This date indicates when your product must be delivered to Walmart to meet Walmart’s on time requirements for that PO. Related Reading: Instock Metrics Every CPG Needs to Track. The post OTIF – How to Meet Delivery Appointments appeared first on SupplyPike - Supply Chain Simplified

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. In each case there is a metric objective and a message behind the metric.

Metrics that Matter: Quality Management

QAD

Using Metrics to Measure Quality. QAD CEBOS incorporates design for quality functionality that can help your design team meet quality and cost objectives while still meeting time to market goals. Require suppliers to meet performance goals to retain approved supplier status.

[INFOGRAPHIC] Optimize Manufacturing Operations with these 5 Golden Manufacturing Metrics

Cerasis

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. The 5 "Golden Metrics" to Know in order to Drastically Improve Manufacturing Operations.

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.

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.

Are Your Manufacturing Metrics Meaningless?

synchrono

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Making Manufacturing Metrics Meaningful Again.

Measuring Up?

Supply Chain Shaman

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.

Guest Post: An MBA student’s perspective on the ISM Meeting 2019

NC State SCRC

I was self-motivated to attend, as I felt these meetings provide a great platform to meet people and share ideas and perspective. I’m glad I took his advice, as the meeting was an awe-inspiring experience, the icing on the cake was that I would get to listen to his talk on combating counterfeiting in the supply chain, an issue I care about passionately. So, a big thank you to NC State and my professor, for encouraging me to attend this meeting.

SCRC Meeting: Practical Approaches in Creating Analytics (from People Who Have Actually Done it, Not Just Talked About it)

NC State SCRC

Our upcoming SCRC meeting is focused on how organizations are undertaking practical approaches to creating business analytics. People won’t trust metrics if they know the data isn’t any good.

Reporting Forecast Accuracy At Sales and Operations Planning Meetings

Arkieva

You have a favorite forecast accuracy metric(s) you’ve been practicing within the organization for a while, and now you think you are ready to bring it to the Sales and Operations Planning (S&OP) meeting as a Key Performance Indicator (KPI) of your demand planning process.

SCRC Meeting: Advanced Auto Parts is investing in Advanced Analytics to drive competition

NC State SCRC

We had a very successful SCRC meeting this past week, and the speakers provided some fantastic insights to the group on the emerging trends in the digital landscape facing supply chain executives.

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.

Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. Companies balance supply chain metrics better in good times than bad. 2) Focus on a balanced portfolio of metrics.

Let’s Fail Forward….

Supply Chain Shaman

This is especially true when the word “excellence” drips off of the lips of the supply chain leaders that I meet. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics.

Writing: Working on My Book

Supply Chain Shaman

When I meet with my customers, I get thumbs-down feedback. Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. Which metrics do you think matter to supply chain excellence?

Let’s Fail Forward….

Supply Chain Shaman

This is especially true when the word “excellence” drips off of the lips of the supply chain leaders that I meet. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics.

Cleanroom Manufacturing Strategies That Pay

IQMS

They’re also finding that audits surface new metrics and key performance indicators (KPIs) that provide insights into a new are of process improvement and manufacturing quality in cleanrooms. Track-and-trace is essential for cleanrooms to meet FDA 21 CFR Part 820 compliance.

Let the Design Begin…

Supply Chain Shaman

The advanced Llamasoft user has a model on a computer tablet (Sherpa product) that enables the visualization of S&OP trade-offs within the S&OP meeting. Cost-to-Serve and Top-to-Top Meetings. I smiled as I began to present the story of the “Metrics that Matter.”

SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

Will digitization change the way we measure things and monitor metrics? As organizations move towards visible, high velocity, transparent supply chains, a number of questions arise that are fundamental to the business, but which executive often struggle to answer with any clarity. How do we extend the concept visibility and control beyond our four walls to drive better execution in our supply chain?

Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Key Process Indicators vs. Metrics. I sometimes use the terms KPI and metrics interchangeably, but they are not the same. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.).

KPI 186

The 7 Habits of Highly Effective 3PLs

The Logistics of Logistics

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Highly effective 3PLs have developed the right habits, culture and processes to deliver excellent service to their clients.