Decision Yield and Other Disruptive Metrics

DELMIA Quintiq

Let us take a brief look at these dimensions and see how they might be considered in the Production Control , Logistics Planning and Optimization and Supply Chain Optimization space. There may be other metrics to describe the new operational world and supply chain we find ourselves in.

Modern Metrics

synchrono

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Inventory Turns, On-time Delivery and Fill Rate provide an overall indication of Operations and Supply Chain health, while other metrics such as Schedule Adherence, Supplier Quality and Yield provide more localized insight.

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Want to Succeed with IBP? Mind Your Metrics

Logility

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes.

Fixed Logistics Model vs Flexible Logistics Model

Locus

With the supply chains of all businesses going through a transformational shift, it is important for them to make tough decisions concerning logistics models. After the pandemic hit, flexible logistics models helped businesses to easily penetrate into dense urban markets at economical costs.

Time for a Supply Chain Metrics Cleaning

Logility

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions. Functionally isolated metrics lead to sub-optimized supply chain performance.

Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

Supply chain optimization has also improved in significant ways that can address these trade-offs better than before. Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges.

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 hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

Analysts Support a Single Model for Sales and Operations Planning

ToolsGroup

A new report from Nucleus Research, Value Drivers of Single Model S&OP , concludes that the historical disconnect between planning and execution in S&OP is best bridged by a single unified data model that allows companies to continuously synchronize their strategic, tactical and execution plans. We’ve been promoting a single unified model approach for some time, and we see these analyst endorsements as a positive trend.

Gartner’s Five-Stage Maturity Model for Supply Chain Analytics

ToolsGroup

There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., Now Gartner has created a different look at the issue by creating a five-stage maturity model for assessing the overall maturity level of your organization in using supply chain analytics. So analyst Noha Tohamy has outlined a maturity model in her recently released “Use Gartner’s Five-Stage Maturity Model to Reach Supply Chain Analytics Excellence.”.

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

GlobalTranz

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. For instance, a growing number of cell phone manufacturers have established procedures in place for consumers who wish to return an older model and ensure that the device is refurbished or recycled rather than dumped into the local landfill.

Quantum Inventory Theory?

The Smart Software

Blog Demand Planning Inventory Optimization Operational Analytics demand planning implementations efficient stocking ERP forecasting software inventory modeling inventory optimization kpi metrics overstock probabilistic modeling statistical forecasting supply chain analyticsPhysics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.”

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.

Stop Leaking Money with Manual Inventory Controls

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics probabilistic modeling statistical forecasting supply chain analyticsAn inventory professional who is responsible for 10,000 items has 10,000 things to stress over every day. Double that for someone responsible for 20,000 items.

Wanted: Supply Chain Architects!

Supply Chain Shaman

I knew nothing about the world of logistics, inventory management and order optimization. For the purposes of this article, I define the processes of network design as the use of analytic tools to model and optimize the supply chain. The work can use multiple technologies and combine cognitive learning, simulation and optimization. The question is “not to optimize what exists, but to develop a roadmap of what should exist.”

5 Considerations When Evaluating your ERP system’s Forecasting Capabilities

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics order management probabilistic modeling statistical forecasting supply chain analyticsConsider what is meant by “demand management”, “demand planning”, and “forecasting”.

Riding the Tradeoff Curve

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand forecast demand planning implementations efficient stocking ERP forecasting forecasting software inventory modeling inventory optimization kpi metrics overstock overstocking probabilistic modeling statistical forecasting stockouts supply chain analytics understock

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

Supply chain optimization is a widespread term, but did you know that an optimized supply chain is not necessarily a resilient one? You can use modeling technology to accurately identify and quantify potential supply chain risks and their corresponding costs, and develop mitigation strategies through scenario optimization and advanced analytics to build resiliency into your operations. This provides high-level metrics for evaluating risk in the supply chain.

Orchestrating Disrupted Supply Chains in Consumer Packaged Goods & Retail

DELMIA Quintiq

The complexity also extends to the optimization of a seemingly infinite number of variables and possibilities. Key capabilities required to support innovation in CPGR Supply Chains: End to end modeling and representation. Optimization and analytics.

The View from Finance: Freeing Up Cash with Inventory Optimization

ToolsGroup

If you (or your boss) are measured by your company's Return on Invested Capital (ROIC) or a similar metric, then you want to turn assets into cash. Inventory optimization is one proven way to do it. But they're often missing the extra optimization and analytics logic that drives the supply chain to operate more efficiently and throw off more cash. That's where inventory optimization comes in. That means inventory optimization goes in fast, in three months or so.

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. One that will remove manual steps in the process, drive real time information from the semiconductor/HDD testing to the OEM demand, and connecting the end-to-end decisions with the planning model. by CJ Wehlage.

Inside Tesla?s Model 3 Factory

Supply Chain Brain

The stakes couldn’t be higher for Tesla, which is sprinting to produce the Model 3 in quantities great enough to turn a profit. Tesla has consistently missed its production targets since deliveries of the Model 3 began last July. HR & Labor Management Quality & Metrics Home Page Slider Featured Content Home Page Latest News SC Planning & Optimization All Technology Automotive

The 3 Types of Supply Chain Analytics

The Smart Software

Blog Business Policy Demand Planning Excellence in Forecasting Inventory Optimization Operational Analytics demand planning implementations ERP inventory modeling inventory optimization kpi metrics probabilistic modeling statistical forecasting supply chain analyticsThe three types of supply chain analytics are “descriptive”, “predictive”, and “prescriptive.” Each plays a different role in helping you manage your inventory.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

Companies performing the best have three characteristics: Business Model Innovation. We selected these metrics based on correlation work with Arizona State University in 2012. The winners drove long-term value (measured by market capitalization) while outperforming on the portfolio of metrics shown in Figure 1 and driving improvement faster than their peer groups. Functional excellence, when taken to an extreme sub-optimizes the supply chain. (The

POST FACTS

The Smart Software

FunFacts analytics demand forecast demand planning forecasting inventory modeling inventory optimization investment kpi metrics overstock overstocking probabilistic modeling savings software statistical forecasting stockouts supply chain understockIn the supply chain planning world, the most fundamental decision is how to balance item availability against the cost of maintaining that availability (service levels and fill rates).

BluJay Launches Transportation Modeling Application, Blazes Trail as First TMS Provider to Build Modeling Solution on LLamasoft Cloud Platform

BluJay Solutions

Holland, MI – June 2, 2020 – BluJay Solutions , a leading provider of supply chain software and services, announces the launch of its Transportation Modeling application, built in collaboration with LLamasoft , the leading provider of AI-powered supply chain analytics software. BluJay’s Transportation Modeling uses data generated through the network and applications within the larger BluJay ecosystem. BluJay’s Transportation Modeling application leverages LLamasoft’s llama.ai

Optimize Demand Planning with AI: Plan Product Mix & Sales Forecasts Effectively

ThroughPut

However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. Absence of Real-Time Data : Delayed delivery of performance metrics and consumer behavior sets off a chain reaction of excess, wastage, and loss of profits.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. “Warehouse optimization starts with an efficient layout. Optimize aisle width.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

The Value Realization Imperative: Optimizing the Value of SaaS Investments

BlueYonder

Standard metrics and KPIs like OTIF, forecast accuracy, and cost per shipment are usually the “quick hits” included in supply chain dashboards. But there are likely as many definitions of each metric as there are practitioners.

A Guide to Carrier Network Optimization for Parcel, LTL, and Truckload Freight

Intelligent Audit

The high priority focus on RFPs and carrier network optimization will continue to impact services and shipping protocols well into 2022 and beyond. s important to understand the full scope of optimization, including what it is and how your team can improve it.

Let’s Fail Forward….

Supply Chain Shaman

The use of network design technologies, in combination with inventory optimization technologies, drives a higher level of satisfaction for the Center of Excellence. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics. Functions within the organization struggle for alignment and functional metrics are more clearly understood. It’s what’s taught in most supply chain classes and it is reinforced by the SCOR model.

What’s the Difference between S&OP and Integrated Business Planning?

DELMIA Quintiq

It’s a valuable process that brings together different stakeholders to arrive at a consensus plan and drive optimized fulfillment of customer demand (read our whitepaper on getting real ROI out of the S&OP process.

S&OP 156

Let’s Fail Forward….

Supply Chain Shaman

The use of network design technologies, in combination with inventory optimization technologies, drives a higher level of satisfaction for the Center of Excellence. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics. Functions within the organization struggle for alignment and functional metrics are more clearly understood. It’s what’s taught in most supply chain classes and it is reinforced by the SCOR model.

What is Capacity Planning? Supply Chain Planning’s Feng Shui Strategy for Success

ToolsGroup

I know we only said three, but production capacity is an important metric to think about holistically for your capacity plan. Corporations could theoretically produce an infinite number of the newest models, ensuring everyone who wants one can get one.

Supply Chain Planning for Dummies

Logistics Viewpoints

A network design model figures out where factories and warehouses should be located. The key solutions are demand forecasting/inventory optimization, supply planning, and network design. Each time horizon usually has its own model associated with it.

Let the Design Begin…

Supply Chain Shaman

This analysis needed to be completed monthly and fed to newer forms of inventory optimization technologies. 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. It does not look the same at all companies; and no company is actively modeling against each of these goals. I smiled as I began to present the story of the “Metrics that Matter.”

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Is the current performance of your supply chain network optimal? And you do not need to know high-level math or the intricacies of building complex models to get a sense of when a consultant’s expertise is needed. Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance.

Weather Permitting: How to Use Weather Data in Retail Forecasting

ToolsGroup

Marketing and advertising: Optimize spend, offers, and messaging with weather-driven demand based on expected weather. By optimizing inventory and decreasing lost sales due to stockouts, retailers can boost net Income by 2 to 6%. Retail is detail.

Why pick arbitrary Service Level Targets?

The Smart Software

Learn how to select automatically the optimal Targets @scale minimizing total costs for your business. The Smart Inventory Optimization app calculates all the key metrics to expose those tradeoffs. Blog Inventory Optimization automatic demand forecast forecasting software inventory inventory modeling key metrics levels minimize optimal optimisation optimize ordering overstock overstocking patterns policies quantity software Stock stocking tradeoff