Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics. The Perfect Order Rate metric is one we’ve seen Gartner and others talk about quite a bit.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

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A New Decade: Give Science A Chance

Supply Chain Shaman

In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. Use data and new metrics systems to free the organization from the ball and chain of corporate politics.

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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. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. How do you balance metrics ? .

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Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. With rising consumer demand, retailers are under pressure to stock the merchandise in demand or lose consumers to another who can fulfill the same demand. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Learn about.

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Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

The next time you feel the need to toast someone, raise your glass to all the supply chain professionals involved in omnichannel retail operations. John McAteer, Vice President of Sales, Retail, and Technology at Google, writes, “In retail, there’s no space for standing still. Empowered by mobile, people can get exactly what they want instantly and effortlessly, and they expect retailers to meet their needs faster than ever before.”[1]

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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.

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How Many Slaves Are in Your Supply Chain?

Talking Logistics

The law requires “retail sellers and manufacturers doing business in the state [with over $1 million $100 million in annual worldwide gross receipts] to disclose their efforts to eradicate slavery and human trafficking from their direct supply chains for tangible goods offered for sale, as specified.”

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Why a Cashmere Sweater Can Cost $2,000 — or $30

Supply Chain Brain

Quality & Metrics SC Analysis & Consulting Global Supply Chain Management Apparel Retail All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured ContentMade from the softest wool produced by certain breeds of goats, such as the Zalaa Ginst white goat and Tibetan Plateau goat, cashmere was once reserved for the wealthiest fashionistas. Napoleon Bonaparte’s wife helped popularize the fabric.)

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What Supply Chain Data Should I Track in 2020?

Veridian Solutions

Various connections beyond API, like the use of Internet of Things (IoT) connected sensors, allow professionals to track products and their movement from the factory up to the retail store. To ensure your company tracks the right supply chain data in 2020, approach data management from a critical view—considering its impact from procurement through outbound freight and even reverse logistics. Metrics and KPIs Supply Chain Supply Chain Data

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The Great Gap Year of 2020

Bristlecone

Given the realities of the post-pandemic world, the pressure is mounting to redesign the supply chain, define new practices and operational metrics, and cope with the competition from new channels of doing business or doing business with.

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The Disintermediation of the Supply Chain!

Supply Chain Game Changer

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! Think about the typical set of objectives and metrics associated with managing a Supply Chain. The entire online shopping, e-commerce experience is also designed to fundamentally disintermediate, and disrupt, the retail shopping experience. Subscribe Here! Email Address.

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Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. But what are some of the unintended consequences retailers are experiencing by jumping in without a plan?

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Subscribe Here!

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Lessons for Business Leaders in 2021

Proxima

Today’s supply chain and procurement leaders are facing a monumental task: how to create a resilient, ambitious, and innovative organizations while transitioning to a new year, and balancing the lasting impact that this pandemic has brought upon them. with cross-functional metrics?

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What Is the True Cost of Eating Meat?

Supply Chain Brain

And that does not include the people who work along the meat supply chain: the slaughterers, packagers, retailers and chefs. In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. the food chain now includes the agribusiness companies, the retailers, and the entertainment sector. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat?

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The Secret to Successful Enterprise Strategy? Always Include Supply Chain Management

Supply Chain Opz

If the procurement function is focused on low-price instead of agility, then there’s no chance for success. Create the right metrics and monitor them. There is no one right set of supply chain metrics, and there will be trade-offs that reflect the needs of the markets and customers. Align metrics with what is most important to the successful execution of the strategy.

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The Last Mile Really Does Begin with the First Pick From Your Warehouse

Veridian Solutions

How Procurement Contributes to Improved, End-to-End Supply Chain Efficiency. As a result, warehouses gain visibility into inbound logistics, including the full scope of metrics and KPIs to track and manage supplier performance. Retail Supply Chain Warehouse Management last mileThe last mile is a well-known and integral step in supply chain operations.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012.

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5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Despite worries over trade tariffs, consumers are in good financial shape, as the National Retail Federation forecasts holiday retail sales will grow between 3.8 Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos. Whereas not every organization has big box store budgets for automation, greater efficiency can still be achieved by looking at workflows, procurement, inventory, and storage.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. All KPIS have metrics to measure.

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Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.” There’s been a shift from executing daily freight transactions to integrating top-level corporate planning and procurement strategies.

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3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow).

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3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow).

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Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. PRESS RELEASE. New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . BOSTON, Mass. and HOUSTON, Tex.

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What Is Old Is New Again. Maybe, Just Maybe, the Emperor Is Getting Some Clothes.

Supply Chain Shaman

The piece, “CPG/Retail E-Marketplaces: The Emperor’s New Clothes?” In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications. The rebirth of marketplace offerings is not on the back of e-procurement or ERP. Over the Memorial Day weekend, I stumbled on an old article that I wrote in 2001.

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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. What percentage of retail out-of-stocks could be prevented by the manufacturer in these industries?

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Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers. Driven by aggressive targets and retailers’ “supplier scorecards,” their progress has been enabled by advances in materials engineering and manufacturing technology. This sustainability effort has carried innovation and implementation costs which have been gradually offset with procurement and operational savings.

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How Gen Z's Consumer Expectations Drive New Supply Chain Trends

AFFLINK

And that's driving many retailers to change their focus to meet their expectations. They also expect more of their retailers, in terms of sustainability and ethical production. Understandably, this also complicates the supply chain, because a wider breadth of product needs to be procured and distributed. For larger companies, the issues are more direct: Gen Z isn't interested in operating with unsustainable, big box retailers. Generation Z is coming of age.

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Collaboration and Visibility in the Supply Chain

Oracle SCM

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). ROI for collaboration and visibility projects can be defined in many areas of the supply chain, and by way of example (real projects) I can more easily share the value: A large grocery retailer had negotiated complex, long term, vendor managed inventory (VMI) agreements with several consumer goods suppliers.

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

Cerasis

e-commerce retail sales have increased 3.9 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.

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Top 15 Logistics Blog Posts of 2014

Cerasis

History of Reverse Logistics is at the Core of The Stories of War, Retail, eCommerce, and Automotive Aftermarket : As you will see today the history of reverse logistics is quite older than the buzz word of it being thrown around more often today, due to the rise of internet retailing, also known as eCommerce. Instead of becoming overwhelmed with data, managers should identify and focus on the most useful warehouse metrics to gather, report, and apply.

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Are Universities Training Students for Obsolete Jobs? And Where Does Supply Chain Fit in?

Kinaxis

These and other technologies have led analysts and journalists to clamor over predictions that robots will gradually replace truck drivers, retail staff, and other service industry jobs. Economists seem divided about whether existing metrics are sophisticated enough to properly measure the link between technology and job loss. It’s true that more transactional Supply Chain related roles (such as Procurement Clerks and Warehouse personnel) are under threat of automation.

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

Veridian Solutions

Constructive metrics. Higher functionalities may imply connection to the internet and through third-party services, including those of Big Box retailers and Amazon’s marketplace. 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.

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What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment. Yesterday, I finished a post on supply chain planning maturity.

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