Modern Metrics

synchrono

How Technology Has Changed What We Measure. The two areas of my working world are embracing technology like never before: Marketing and manufacturing. While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods.

Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges. Another advanced technology that’s becoming imperative is warehouse task automation.

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How To Implement Predictive Analytics Into Your Company

Logility

Chances are, if you’re in marketing, sales, or one of the more technical aspects of business, you’ve used predictive analytics in some part of your job. But your company doesn’t have to be a retail giant to use predictive analytics. using predictive analytics?built

Why manufacturers should integrate business intelligence tools into their ERP software

SYSPRO Smarter ERP

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis.

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

GlobalTranz

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. 6 Benefits of an Effective Reverse Logistics System. Importance of Metrics in Reverse Logistics Management. Energy used in handling returns : This metric is used in sustainability programs.

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. Quality Metrics Defining the Future of Manufacturing.

Retail Data Explained: Descriptive, Predictive, and Prescriptive

SupplyPike

Well-balanced business development depends on descriptive, predictive, and prescriptive analytics data. . There are different categories of retail analytics: descriptive, predictive, and prescriptive. Predictive Analytics. Predictive Analysis.

How To Use The Days Sales of Inventory (DSI) Metric

Unleashed

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. What tools can you use to calculate Days Sales of Inventory?

A World in Flux: Global Supply Chain Predictions for 2021

ToolsGroup

So your firm recently released a report of 2021 predictions and there’s a lot of great information in there. And because of that, when we- and we do predictions, we’ve done this since our inception in 2008 and we’ve had a traditional format for how we do our predictions.

The Value Realization Imperative: Optimizing the Value of SaaS Investments

BlueYonder

Understanding the value realized from investments in SaaS platform solutions is a strategic imperative in today’s economy. Standard metrics and KPIs like OTIF, forecast accuracy, and cost per shipment are usually the “quick hits” included in supply chain dashboards.

Resilinc Launches Predictive Purchase Order (PO) On-Time Delivery Solution

Resilinc

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. We’re pleased to announce the launch of our Predictive Purchase Order (PO) On-Time Delivery solution.

3 Predictions for the Future of Supply Chain by 2030

Kinaxis

It was a great conference, and I heard from many leaders in the industry on their supply chain journeys and how they are solving key problems with people, process and technology. There were some excellent thoughts on software, processes, and even how robotics will be at the forefront. Companies formed job descriptions of “demand planner”, “supply planner”, and “master scheduler” because that’s the way the solution providers sold their software modules.

The Secret to Rapid Digitisation: A Dual Platform Strategy

The Logistics & Supply Chain Management Society

One of the industry’s biggest concerns is how to digitise and transform quickly, without starting from scratch and having to throw away your enormous investment in traditional systems. Eliminate the huge costs associated with maintaining and upgrading legacy systems.

Key Tools and Technologies to Build the Warehouse of the Future

DELMIA Quintiq

In this new, connected world, the Warehouse of the Future is about achieving key operational metrics and exceeding customer service requirements more profitably while supporting sustainability goals.

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 ). She is the author of the enterprise software blog Supply Chain Shaman , which attracts 5,000 readers weekly. 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.

American Software Reports Third Quarterof Fiscal Year 2022 Results

Logility

ATLANTA (February 23, 2022) American Software, Inc. million for the same period last year and software license revenues were up 87% to $1.0 million for the same period last year, while Software license revenues increased 30% to $2.3 Company and Technology.

3 Steps to Achieving Predictive Logistics

Talking Logistics

Milestone events (like inland ETAs) as well as behaviors (such as cancellations) can now be predicted with high accuracy. A data intelligence platform with a proprietary data ingestion engine can unlock this value from historical data. Analyze the Past to Predict the Future: With clean data in-hand, machine learning can identify patterns in operational performance and customer behavior that are unrecognizable to the human eye. This is the power of predictive logistics. .

Early 2022 TL rate predictions pointing higher again

The Supply Chain Journal

Early predictions are pointing to truckload rates being up again in 2022. If the current trajectory holds, 2021 full-year per-mile rate metrics for the big carriers will be up by midteen percentages.

How to implement a supply chain management system

Unleashed

Successfully rolling out a supply chain management system can be an extraordinarily complex and stressful project – not to mention expensive. In this guide to implementing supply chain management systems: What is a supply chain management system? Cloud-based software.

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

In many cases, simply having the right tool for the job can have a massive impact on productivity. Predicting machine downtime can help avoid maintenance delays and this time can be used for enhancing manufacturing throughput instead. What is Manufacturing Throughput?

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

In many cases, simply having the right tool for the job can have a massive impact on productivity. Predicting machine downtime can help avoid maintenance delays and this time can be used for enhancing manufacturing throughput instead. What is Manufacturing Throughput?

Manufacturing Throughput – A Comprehensive Guide on Key Manufacturing Metrics

ThroughPut

In many cases, simply having the right tool for the job can have a massive impact on productivity. Predicting machine downtime can help avoid maintenance delays and this time can be used for enhancing manufacturing throughput instead. What is Manufacturing Throughput?

How Manufacturers Are Capitalizing On Sales Metrics & KPIs

Silvon Software

Sales metrics and key performance indicators (KPIs) empower a salesperson, team or organization to assess performance against goals and objectives, monitor progress and make necessary adjustments for continued sales success. Predictive Demand Planning & Forecasting.

Five Predictions (About Prediction) that Every Procurement Professional Should Consider

Supply Chain View from the Field

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on. Prediction 1 – Spend Analytics Will Become More Predictive (Not Backward Looking).

BringgGreen offers retailers new tools for eco-friendly delivery

The Supply Chain Journal

The World Economic Forum predicts that 36% more delivery vehicles will be on city streets by 2030, and without intervention, urban last-mile delivery emissions and traffic congestion will increase 30% in the top 100 cities globally. Technology plays a major role in solving these challenges.

Predicting your future workforce — Taking the Hire Road

The Supply Chain Journal

Rarely, however, are recruiters given the tools to identify quality in the candidate pool,” Tinney said.

Technology and Improved Customer Experience

Enterra Insights

For most retailers, the key to providing the personal touch online is technology. The editorial team at BusinessMatters Magazine writes, “Customer service technologies are [providing] plenty of new ways that brands can engage with customers in order to offer an optimized service.”[1]

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends. Alternatively, you can procure access to a digital freight benchmarking platform.

Manufacturers, Technology, and the Digital Age

Enterra Insights

Manufacturers have historically found themselves at the cutting edge of technological advances. It’s surprising, then, to read stories encouraging manufacturers to jump aboard the Digital Age technology bandwagon. He stated, “New technologies can lead to rapid, widespread change as the rate of technology adoption is accelerating across society.” ” Technology and Industry 4.0.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs).

Megatrends (Possibly) Shaping Supply Chain Trends: Technology

The Logistics & Supply Chain Management Society

Megatrends (Possibly) Shaping Supply Chain Trends: Technology. The necessity of having a technology scan every few months is becoming essential in today’s world. This article highlights five technology developments shaping the future supply chain.

How Demand Planning Influences Supply Planning through Predicting Future Demand Patterns

Vanguard Software

The effects of the pandemic have brought to light the need to invest in advanced planning technologies to prepare for an uncertain post-pandemic landscape that depends on accuracy, flexibility, and speed.

Tom McLeod’s Published Predictions Parallel Our Own Prophecies

Supply Chain Collaborator

Tom McLeod of the well-known eponymous logistics software provider published an interesting opinion piece in Transport Topics this week called, “Eight Predictions for Our Industry”. With a hat tip to Mr. McLeod, we offer our riffing on what he’s predicted and how having a best-of-breed TMS solution will be critical to addressing these likely occurrences. Does your current TMS have sufficiently robust functionality for reporting on any type of metric?

Handfield’s Top Supply Chain Predictions for 2016

NC State SCRC

If there’s anything we’ve learned in the last year, it’s that prediction is not only much more complicated than it looks, and that the volatility and uncertainty that exists in the global supply chain operating environment is making life a whole lot LESS unpredictable. Prediction generally involves developing some sort of forecast, and in this case, we aren’t going to predict more volatility and complexity… that is too easy.

2018: What Will It Look Like?

Supply Chain Insights

I hate prediction articles. Consultants and technology leaders are rebranding under a “digital umbrella” without clear definition. This includes the convergence of the technologies shown in Figure 1 to define the autonomous supply chain; drive the availability of data at the speed of business for decision-making; the evolution of learning systems to sense, act and learn; and the building of outside-in processes/the automation of B2B value networks.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re Here are some details from the press release: LeanFleet allows shippers to plan and execute their private fleet and contract carriers on the same platform, providing visibility across the entire transportation network.

How New Supply Chain Technologies Are Boosting Efficiency

ShipBob

But today, these technological advancements are becoming a reality and transforming the logistics industry. Learn about the latest supply chain technology advancements that are boosting efficiency throughout the supply chain and further supporting online brands.

Revealing Survey Relative to Business Sustainability and ESG Actions

Supply Chain Matters

The Supply Chain Matters blog highlights a revealing survey published this week regarding viewpoints relative to business sustainability and ESG actions which reflect both a call to action and a perspective of advanced technology enablement. .

Suuchi Ramesh on Supply Chain Platforms

Requis

Software engineer and supply chain analytics expert Suuchi Ramesh is the founder and CEO of Suuchi Inc. , an end-to-end B2B supply chain platform. I have an MBA in Software, and I took several classes in supply chain. A lot of the big systems cost in the millions of dollars.

Inventory Management: Technology Enablers

Kinaxis

All that’s left is to add a planning system that enables her to work effectively. If you leave her to build reports and metrics that she needs in excel then she’ll spend all her time crunching numbers instead of planning your company’s largest asset. So, what features should you look for in a good planning system ? Your planning system should combine all your company’s data in one system. Interested in learning more about advanced supply chain systems of record?