Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2

Cerasis

This is part two of the Top 10 Metrics to Track and Manage Risk in the Supply Chain article. Weather-related events occur, and public health scares always seem present. The post Top 10 Metrics to Track and Manage Risk in the Supply Chain – Part 2 appeared first on Transportation Management Company | Cerasis. Check out part one here. Disruption is nothing new to supply chain professionals. Then, the COVID-19 crisis changed the game.

Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. Executives look at high-level company metrics, while other departments such as Finance, Sales, and Operations work at a more analytical level.

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Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric? Some of the more likely are; A metric (like inventory performance) is monitored by financial analysts and therefore tied to stock valuation. by John Westerveld.

How to Establish Early Warning Supply Chain Metrics

Arkieva

In recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains. The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics. How to Establish Early Warning Supply Chain Metrics was first posted on October 11, 2017 at 10:00 am. ©2017

Lora Cecere: ‘All the metrics must be in balance’

Supply Chain Movement

But in fact, all the metrics must be in balance,” says Lora Cecere from Supply Chain Insights. The analyst was joined by Bram Desmet, managing director of Solventure, to present her latest book, Supply Chain Metrics that Matter, in Brussels on 18 March 2015. They are often measuring individual metrics versus the whole,” states Cecere. Supply Chain Metrics that Matter.

Logistics Past, Present, and Future

Supply Chain @ MIT

While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Logistics on the move. The logistics role is changing according to John Wiehoff, CEO of C. Robinson. The logistics business has changed dramatically over the last 20 years. What will it look like a decade or so from now? John P. Wiehoff, CEO and Chairman of the Board, C.

Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. The early results from the ASU study will be featured in the book Metrics that Matter and it will be the core of the upcoming Supply Chain Global Summit on September 10-11, 2014 in Scottsdale AZ at the Phoenician. (We How do you balance metrics ? .

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.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

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. When I present the results, one of the first questions asked is, “ How does this compare to the Gartner Top 25?”. The companies I work with struggle to set metrics targets.

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. Let’s take a look at a few of the challenges presented in the above scenario and how Synchrono can help resolve them. #1 Guidebook: Metrics for Action Guide.

Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

Tomorrow, I present the Supply Chains To Admire 2015 Analysis at the Supply Chain Insights Global Summit in Scottsdale, AZ. It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. To see the analysis of more industries, check out the slideshare presentation.). I hand-pick the presentations. market-driven value chains metrics that matter New technologies apparel chemical digital transformation incrementality JDA Oracle SAP transformationDefinitions: Provocateur.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

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. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Cash-to-cash is a compound metric.

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.

Mining Supply Chain Data for Insights

Supply Chain Shaman

We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. Resiliency is the ability to drive reliable results at the intersection of inventory turns and operating margin.This is measured by a vector analysis at the intersection of the two metrics for the period of 2010-2016. Correlations Between Survey Factors and Financial Metrics. I hand-pick the presentations.

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Let the Design Begin…

Supply Chain Shaman

So, as I cleared my throat to present at the Summercon conference, I looked into the eyes of over 500 supply chain professionals. I smiled as I began to present the story of the “Metrics that Matter.” Market-Driven llamasoft Metrics That Matter network design value-based design This week, I spoke at the Llamasoft Summercon Conference. It was held at the University of Michigan in Ann Arbor. The conference was low-key.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

P&G’s rate of improvement on the Metrics That Matter was lower than the peer group. In this period, a combination of rapidly increasing stock prices, market confidence on future profits, and speculation in individual stocks, made investors overlook traditional metrics in favor of confidence in future technological advancements. We will present all of our results on July 20th on our webinar to announce the 2016 Supply Chains to Admire winners.

Manufacturing Gains From Machine Learning

IQMS

OEE is a pervasively used metric in manufacturing as it combines availability, performance, and quality, defining production effectiveness. Combined with other metrics, it’s possible to find the factors that impact manufacturing performance the most and least. Machine Learning & Artificial Intelligence Presentation (14 pp., Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning.

Supply Chain News onLeveraging the Overall Equipment Effectiveness Metric to Drive Manufacturing Improvement

Supply Chain Digest

IDC Manufacturing Insights Presents its Take on Measure First Developed in 1960s, Says It is Key Aspect of Smart Manufacturing

Sage Advice? Only for Turkeys.

Supply Chain Shaman

I shake my head at most of the presentation materials that I see strategic consultants present on supply chain best practices. The only metric that we have improved through ten years of IT investments is the revenue/employee number. Bricks Matter Demand Market-Driven supply chain community Supply chain excellence supply chain execution Supply Chain Index supply chain management supply chain metrics that matter This week, I am grounded due to weather.

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5 Keys to Implementing Improvement Initiatives

The Logistics of Logistics

TED Talks covers a presentation by Kirby Ferguson where he presented an idea about remixes , it’s worth the time to view. It will be tricky to drive change because they are likely the CEO’s “dashboard metrics”. Many measurements are sacred to the board or other metric owners. Feel free to refer the metric owner to point number 3, after you have developed a meaningful alternative. Every industry seems to have its silver bullet for creating improvement.

Syndicated Data for CPGs

SupplyPike

Category Consistency: Application of OVT does away with almost 20% discrepancy between a category advisor’s custom hierarchy metrics and Walmart’s parameters of performance. Walmart leverages syndicated data from Nielsen to present its One Version of the Truth (OVT) program to add value to Walmart’s strategic goals. SupplyPike has developed tools that utilize Walmart data to provide deep analyses into sales and forecast metrics.

Data 46

OverStocksis. A Dangerous Infectious Disease

The Supply Chainer Report

Metrics. Therefore, metrics should be accountable for preventing a potential Over Stock in l ower water tanks first and then into the top. Nowadays, Metrics are tipically in charge of detecting current over levels of Stock such as, Days On Hand (DOH), Days Of Coverag e (DOC), (%) SKUs below Safety Stock , RAGY dashboards and so on. As presented above, metrics are mostly focus on showing the current situation of the business.

Sustainable Purchasing & Supply Summit 2015

Supply Chain Movement

The first UK conference to present an holistic view of sustainable procurement and the role of the supply chain in more responsible business and government. The Latest Thinking on Metrics, Reporting & Compliance. Events Accenture aviva bt CIPS compliance ecovadis greenstone GSK kingkisher KPMG London metrics oliver marketing PepsiCo QEII Centre reporting revolution events spss spss masterclasses supply summit sustainable purchasing the hackett group whitbread willmott dixon

[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. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality. However, effectively measuring, analyzing, and improving upon those manufacturing metrics is more complicated than it may seem.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Success is a product of the work done in the present. Success is a product of the work done in the present. You want to continuously locate key suppliers, and try to consolidate your supplier base in areas that less strategic suppliers are present. procurement #purchasing #metrics #highperformance. Guest Blog Post Procurement Supply Chain Management highperformance Metrics PurchasingSubscribe Here! Email Address. The Negotiation Before the Negotiation!

5th Annual Life Sciences Supply Chain Summit EU

Supply Chain Movement

The Life Sciences SCM Summit breaks away from the traditional conference mould of a presentation-heavy session. Through interactive peer discussions, get up-to-date knowledge on: Theme One: End-to-end Supply Chain Metrics. In a series of panel discussions, mini-presentations and workshops, we’ll then explore how the below areas can aid in minimizing costs. Prior to that, we’ll have a series of mini-presentations (10-15 minutes) on each of the topics.

SCM 69

Supply Chain Movement 17 – S&OP

Supply Chain Movement

ERP won’t provide supply chain visibility,” concluded Martijn Lofvers, chief editor of Supply Chain Movement, based on the reactions of the supply chain directors present at the roundtable on ‘Operational Transparency for the Board’, a joint initiative by Supply Chain Media and Every Angle. Contents Supply Chain Movement 17 – 2015 Q2. Publishing date: 15 May 2015. 7 | News & Background. – Launch of Supply Chain Professionals Club in Turkey.

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Is Your S&OP Meeting Mostly About The Past And The Present?

Arkieva

At the outset, I was introduced as the outside party and a remark was made to remind everyone to “behave themselves” The meeting started quite serenely; an agenda for the next 90 minutes was presented by the coordinator and the next 20 minutes were spent discussing some of the key metrics over the last 3 months. If you spend too much time on the past and the present, you will end up with a very ineffective S&OP process.

Showcase Your Company's Supply Chain Excellence — Three Days to Submit

Supply Chain Brain

Finalists are asked to present their case studies at CSCMP's 2018 EDGE Conference in Nashville, Tennessee. After the Conference, the case studies (not the presentations) are uploaded to CSCMP and SupplyChainBrain websites; featured in a special end-of-year SupplyChainBrain magazine issue; and presented via video interviews posted online. Submissions consist of case studies describing your company's supply chain innovation that emphasize innovative and measurable results.

What Blockchain Means to Supply Chain

Supply Chain Brain

Show notes : A video presentation by Jack Shaw on “The Blockchain Transformation.” Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt. Blockchain technology was created to support transactions involving Bitcoin and other cryptocurrencies. But it has quickly emerged from that dark and mysterious world to offer an invaluable tool for business in general, and global supply chains in particular.

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‘Best in Class’ Supply chain from a Road warrior perspective – Part 3

Kinaxis

Which metrics are most important? Everyone would agree that the big buckets of metrics are Service, Revenue, Inventory (Cash), and Cost, which support your company’s strategic goals. In Part 1 , I wrote about company culture and making decision trade-offs using metrics, alignment of objectives, and the need to measure past, present and future performance. Recognize achieving the optimal goal for each metric requires trade-offs.

The Top Weber Logistics Blog Posts of 2018

West Coast and California Logistics

Here, we present the three Weber Logistics blog posts that were most popular among our readers in 2018. 3PL Vendor Compliance eCommerce Fulfillment Metrics-KPIsWe’re coming to the end of 2018 and preparing for 2019 – and you know what that means: year-end “best of” lists. And, while our list may not be as entertaining as the “top 10 movies of 2018” rankings you’ll see in your social media feeds, we hope that you find it valuable.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. During the presentation, I squirmed uncomfortably in my seat. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012.

Where Will Companies Find Their Future I.T. Expertise?

Supply Chain Brain

Such tools can account for the many constraints and opportunities that present themselves to executives seeking the best possible I.T. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest NewsThe need for tech expertise is greater than it has ever been — and growing.