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3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” Is the data presented as useful to make better business decisions or improve business practices? The methods of evaluating metrics or developing KPIs vary significantly from company to company. LinkedIn The post 3 Requirements for Meaningful & Useful Data in Transportation & Business appeared first on Freight Logistics Company | Cerasis.

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. In our monthly webinar last Wednesday, I presented these results. During the webinar, a respondent asked me to not present just the facts but to give advice. Reward teams for cross-functional metrics.

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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 ? .

Manufacturing Gains From Machine Learning

IQMS

Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively. Honeywell is integrating AI and machine-learning algorithms into procurement, strategic sourcing and cost management. OEE is a pervasively used metric in manufacturing as it combines availability, performance, and quality, defining production effectiveness.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

SCM 189

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste!

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Supply Chain Game Changer Job Board!

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Subscribe Here! Email Address.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. We want to make sure that supply chain practitioners, as well as manufacturers, understand how all of these technologies are affecting the entire supply chain, including the supply chain & procurement side of a manufacturing operation.

Taking the Hill

Supply Chain Shaman

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. We do not believe that there is much value in putting all companies into a spreadsheet and shaking them up… or looking at singular metrics without analyzing the intricate trade-offs of the supply chain when viewed as a complex system. When companies look at singular metrics (labor costs or inventory), they have moved backwards.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance. It has been awhile.

Ferrari: Under the Hood

ToolsGroup

The reading audience is global, and spans a wide variety of roles: procurement, supply chain strategy and planning, product management, logistics and transportation, customer service, and others. My goal is to present a balanced, educational, and insightful view of key topics, to advance collective learning for experienced professionals and up-and-comers—our future supply chain leaders and practitioners.

WMS Cybersecurity: Top 7 Reasons to Think of Security During Implementation

Veridian Solutions

Constructive metrics. Although this list excludes cybersecurity, it is essential to think about how each area presents a new security risk, as follows: Scalability requires ongoing development and testing of new processes, increasing cybersecurity risks. Constructive metrics within the system ensure everyone maintains the proper processes and uses the system correctly, reducing risk along the way. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

E-commerce has presented wholesale distributors and original equipment manufacturers (OEMs) with a crown opportunity for growth, but it comes at the cost of transitioning from single-channel shipping. Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Align metrics and incentives with unique e-commerce goals.

Misnomer

Supply Chain Shaman

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. Misnomer (n): A wrong name.

Let the Qs Begin

Supply Chain Shaman

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. I then finished a forty-minute presentation, and prepared for questions.

Is Inventory Waste or an Asset?

Supply Chain Shaman

While forecast accuracy, if used well, can reduce safety stock, what I find in the study of the global multi-national is the rise of cycle stock due to increased item complexity, and the increase of in transit inventories due to longer freight lanes and longer cycles in ocean transportation. Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively.

Top 15 Logistics Blog Posts of 2014

Cerasis

Some logistics involves transportation or warehouses or both. We had a great turnout with over 250 logistics managers, supply chain officers, and those in the transportation world registering and attending the webinar. Below you can download the LTL Freight Management presentation with notes and also view the webinar in its entirety. Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply.

Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

Several customers addressed those questions in excellent case study presentations: Dr. Bernhard Herzog, Oxea GmbH – “Business Impact of a Supply Chain Operating Network”. Ralf Kahre and Patrick Gött began their presentation with an overview of BASF’s Business Process Management (BPM) Operating Model, and then discussed how they applied the model to improve the Purchase-to-Pay (P2P) process. What do the Germany World Cup Team and the Boston Red Sox have in common?

Can Supply Chains Adjust to a Circular Economy Over the Next Decade? Part 2

Enterra Insights

Marina Mattos, a Postdoctoral Associate at the MIT Center for Transportation and Logistics, bluntly asks, “How will such a shift affect supply chains?”[3] The approach involves new procurement methods that promote asset sharing (for example, cars), grounded in new distributed models and infrastructure.” ” Steutermann adds, “It is important not to confuse [sustainability] metrics with the circular economy.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

I also provided an early look at one of the supply chain physics laws that I will be working on with my colleague Tom Linton, who also presented at the conference: Supply Chain Physics Law 3 : Shorter distances between parties in the supply chain improve efficiency, communication, and speed of execution. Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc.

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation. The electrification of the transportation market will require today’s industry leaders in those sectors to adapt in order to survive & lead. Subscribe Here! Email Address. Guest blog provided by Joe Hall, Director, Business Development at 360 Energy Inc.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The Infor team presented the acquisition opportunity as an opportunity to extend ERP to the value chain, to automated inter-enterprise order management and to sell more Infor solutions. GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

This should tell us if the supplier values those things our organization does and provide some measure of present competency and direction and investment in future competencies. Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. The financial supply chain presents an opportunity to deliver beyond process efficiency and cost savings by allowing companies to tap into new sources of revenue and profit streams.

Like A Green Lump of Clay….

Supply Chain Shaman

My schedule had me on a plane to Chicago at the time of the presentation. We rescheduled my flight and I quickly put together some slides for the presentation. (To I had successfully adapted to give a presentation on agility to 254 people. These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Q: What is the best metric to begin analyzing when starting to evaluate Supply Chain agility?

50 expert tips on logistics planning and strategy

6 River Systems

“With better communication tools present, businesses can also build their collaborative rapport across the supply chain to eliminate confusion. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

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? A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them. Improved decision-making occurs when data is presented in a fashion that escalates the nature of the issue to decision-makers.

50 expert tips on supply chain management

6 River Systems

One is time to recover (TTR), the time it would take for a particular node in the supply chain — a supplier facility, a distribution center, or a transportation hub — to be restored to full functionality after a disruption. Yet many companies, lulled by efficient and relatively inexpensive logistics and transport, have been applying lean and just-in-time production methods that span global networks.

Supply Chain Management:Smarter Partnering for Smarter Business

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Speakers from both the sessions presented their views on why and how business partners are critical to IBM success and how working together results into a win-win situation. Some of those are Cognos, iLog, SPSS, Core Metrics, Emptoris, Vivisimo and many others, as world is moving from reactive to proactive. Procurement Blog. About Us. Contact Us.

Manufacturers Optimistic About Economy But Worried About Cybersecurity

Material Handling & Logistics

These numbers are comparable to the business confidence viewpoint presented in the third quarter 2017 NAM Manufacturers’ Outlook Survey, where 85% of small manufacturers and nearly 90% of mid-sized manufacturers reported a positive outlook for their own companies. Cost Pressures: Procurement Insights. Related to this, time pressures remain the biggest challenges facing procurement operations in 2017, according to 40% of the survey respondents.

Elevating the Heavy Building Materials Supply Chain (Takeaways from Command Alkon ELEVATE 2017 Conference)

Talking Logistics

And that was the main point of the keynote presentation: to illustrate to all the stakeholders in the HBM ecosystem (producers, suppliers, contractors, and haulers) the possibilities and opportunities that exist to elevate the way they communicate, collaborate, and orchestrate (plan and execute) their processes. Streamline, automate, and compress Order-to-Cash and Procure-to-Pay processes.