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Open Sky Group, a global leader in supply chain execution solutions, has announced a strategic partnership with Easy Metrics , a premier provider of labor management and warehouse performance management solutions.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.
In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right.
Yet in EY’s research, they report that “nearly all supply chain leaders (97%) say that their organizations are currently facing challenges as it relates to supply chain metrics and that challenges come from a lack of integrated data and cross-functional metrics being in conflict with each other, among others.
This buyers guide will cover: Review of important terminology, metrics, and pricing models related to database management projects. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Key Takeaways: DAT iQ: The Metrics that Matter In the podcast interview, Samuel Parker gave a freight market overview based on DAT’s database of $150 billion in annual market transactions.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite.
On December 5th, Supply Chain Insights is hosting a small event at Georgia Tech to share the results of a two-year research effort to connect financial metrics by industry to supply chain performance to drive value. Did you know that improvement in the supply chain drives 50-70% of this value metric?
However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
We’ll explore the vital signs of project success through the lens of the “iron triangle” metrics, using deliverables as tracers. This session is your guide to evaluating the health of your projects through Waterfall and Agile practices like Scrum and Kanban.
A lack of standardized ESG metrics across industries and regions makes it challenging to consistently evaluate and compare supplier performance. Finally, companies are focusing on linking ESG outcomes such as emissions reductions, labor practice improvements, or waste minimization to measurable operational and business metrics.
Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered.
Functional Metrics and the Lack of Alignment to Strategy. Few companies are clear on the number of supply chains they operate, design the rhythms and cycles of each, and align metrics to the strategy. The industry is not clear on desired outcomes. Clarity on Value. Guess what? It doesn’t. These two reports are coming soon.
The research methodology for the Supply Chains to Admire compares the performance of a company against its industry peer group for the metrics of Year-over-Year Revenue Growth, Inventory Turns, Operating Margin, and Return on Capital Employed (ROCE). For 80% of industries, the supply chain metrics represent more than 40% impact on value.
Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management
Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions. Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization!
Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics. Stuck in a rut, supply chain leaders try to punch their way through a set of conflicting metrics and priorities each day. The metrics defining success in manufacturing and procurement do not align.
This integration includes tracking individual components and collecting data on environmental impact, including sustainability metrics such as carbon footprint and recyclability. Tracking key performance metrics and conducting regular audits help identify areas for improvement and ensure ongoing compliance with regulatory requirements.
Public Reporting: Publishing sustainability reports and ethical compliance metrics to highlight progress and areas of improvement. Key transparency initiatives include: Supply Chain Mapping: Using digital tools to trace the journey of products from raw materials to finished goods.
Metrics like carbon emissions, waste diversion rates, worker safety incidents, and supplier compliance scores provide clear indicators of success and help build trust with stakeholders. Measuring Progress and Building Trust Transparency is essential in sustainability efforts.
Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.
Built-In Sustainability Reporting Some orchestration tools are adding carbon tracking or energy use metrics alongside cost and delivery performance data. More Modular Platforms Organizations are moving away from one-size-fits-all ERP systems and adopting orchestration tools that can connect with a range of vendors, devices, and formats.
Neil’s post in response to my post of Driving Value From Outside-in Planning : In her post, ‘Driving Value from Supply Chain Planning’, Lora Cecere provides great supply chain analysis and benchmarking for her supply chains to admire.
With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility.
At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) I never calculated and accounted for the inter-dependencies between metrics.
Download this eBook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores! Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF.
Form and socialize your own hierarchy of metrics. Here is the metrics framework that I am using at present in my outside-in classes. For example, don’t focus on forecast error. Instead, analyze demand flow characteristics by demand stream to evaluate Forecast Value Added (FVA), forecastability, and bullwhip impact.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Data-Driven Insights: Provides valuable insights into shipping costs and performance metrics to optimize operations. Dedicated Support: Offers expert support to guide you through the setup and implementation process.
The issue is that when companies optimize functional metrics, they throw the supply chain out of balance and sub-optimize value. Using the objective function of market capitalization/employee, we find that 40-70% of value can be modeled using the four metrics of growth, Return on Capital Employed (ROCE), inventory turns, and operating margin.
2022 was the year of corporate commitments to sustainability, and 2023 is the year where promises become proposals, mission statements become metrics, and aims become actions. We need to act now by making the right decisions. New regulations have been set regarding the corporates, and they must comply.
Timestamps (00:00:04) A Trillion Dollars in Freight Transactions (00:00:16) Guest Background (00:00:50) DAT Freight Marketplace (00:01:36) DAT Analytics for Brokers and Carriers (00:06:31) Economies of Scale for Shippers (00:09:17) FedEx Exec on Logistics Puzzle (00:11:59) Industry Partnerships (00:16:41) Trillion Dollars in Freight Transactions (00:20:32) (..)
Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. In most organizations, there is a dashboard of functional metrics that shows all of the functions operating in the “Green” or acceptable levels until it comes to customer service. What are functional metrics?
We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency. Efficient supply chains strengthen collaborative relationships through automated communication systems and shared performance metrics.
Schneider Electrics new Environmental Data Program gives logistics professionals unprecedented access to carbon and sustainability metrics, covering over 70% of its product turnover. Sustainability isnt just a corporate goal anymoreits a supply chain requirement.
Download the report to learn more about: The strategies and technologies ABM marketers are using to increase ABM successes Why it’s important to shift toward more targeted, personalized assets How marketers are meeting buyers' demands for self-service journeys Which metrics and marketing KPIs matter across the ABM funnel
Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). A focus on functional metrics throws the supply chain out of balance.)
A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it?
Logistics teams are encouraged to rethink asset utilization, energy use, and stakeholder collaboration, aligning sustainability metrics with operational efficiency for long-term resilience.
Not all the transactional data, just the data required to calculate a metric or make a decision. So, we deploy an agent on an SAP environment. The agent selectively pushes data to the Aera data model.” These agents help to ensure the core parameters in planning, like lead times, are accurate and up to date.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
It is my hope that we can side-step political discussions demonstrated in my stories and ground the problem solving in scientific methods to understand the properties of data, the potential of supply chains through modeling, and the alignment of metrics. Relative Importance of Supply Chain Skills. All the best in your journey.
Set Measurable Goals: Establish clear targets for emissions reduction, energy efficiency, and sustainability metrics. Strategies for Implementation To ensure a successful transition, companies should adopt targeted strategies: 1. Regularly review progress to ensure accountability and alignment with objectives.
Combine data from: Enterprise Resource Planning (ERP) systems Transportation Management Systems (TMS) Warehouse Management Systems (WMS) Internet of Things (IoT) sensors Supplier portals Customer relationship management systems (CRM) Performance Metrics and KPIs Performance metrics measure how effective your supply chain is.
Conduct Comprehensive Financial Analysis Demonstrate tangible ROI by highlighting: Projected revenue improvements Cost savings Return on investment metrics Performance during market volatility Real-world data shows probabilistic forecasting can improve forecast accuracy by 15-25% compared to traditional methods.
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