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. Here I share his insights: Philippe, which supply chain metrics do you think matter?

3 Practical Metrics for Supplier Performance Evaluation

Logistics Bureau

Supplier Performance Metrics for Every Organisation. In this post, you’ll find some suggested metrics for supplier performance evaluation and management. Alternatively you could have two metrics, one for advised variations and one for variations discovered upon goods receipt.

4 Reasons Procurement Consulting is Supercalifragilisticexpialidocious

AFFLINK

Mary Poppins might not be real, but her deliverables certainly can be – when you hire the right procurement consulting firm. Just as Mary Poppins delivered more than a traditional nanny, today’s procurement consulting firms do a lot more than improve your KPIs.

Material Handling and Fleet Management: Uncovering Opportunities for Cost Savings and Other Business Benefits

Talking Logistics

But fleet management can mean other things, especially in warehouse operations. “We That includes all material handling equipment within a warehouse, distribution center or manufacturing site, such as forklifts, personnel carriers, yard spotters, sweepers, and booms. It is virtually impossible, therefore, to have complete, integrated visibility to its usage and to standardize equipment procurement and utilization. Another key metric Jeff cites is first time repair rates.

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.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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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.

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. Failure to track replenishment and procurement activities. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

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What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions.

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

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

Veridian Solutions

Supply chain management is filled with risks, and Warehouse Managers need to start thinking about WMS cybersecurity during implementation, explains Cerasis, processes too. Warehouse Managers that take the time to consider cybersecurity during new system implementations can ensure the best possible outcomes. Constructive metrics. Focus on warehousing and logistics. Risks aren’t limited to warehousing either.

The Supply Chain Team’s Impact on Capital Projects

NC State SCRC

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different.

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

Talking Logistics

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.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

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. Lower transportation and warehousing costs.

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

6 River Systems

You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. It is no longer sustainable for companies to delay the enhancement of their procurement and supply chain organizations.

6 Important Tips For Effective Logistics Management

Cerasis

It involves procuring the goods, storage facilities, and delivery of products to the exact location. Procurement of the goods at the warehouse, and lastly, Delivery of the goods at the destination. Warehouse Management. Analyze the metrics related to different operations.

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.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The design of the conference includes tours of several modern warehouses and centers of excellence. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. It has been awhile.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

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. 10 Advantages of Slotting Optimization in Warehouses.

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

ToolsGroup

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit. PRESS RELEASE.

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KPIs That Purchasing Executives Need

Silvon Software

There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level. Direct spend is a key area of performance to consistently measure because Procurement professionals must understand the impact of their sourcing decisions on both product quality and availability to customers. These metrics are noted in the following sections below.

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

In other words, robots will gain new movements, capable of picking items from shelves in warehouses and storefronts. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

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Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

As the logistics process includes transportation and resources, the whole process also needs some other major activities like inventory management, procurement, warehousing, order fulfillment and distribution.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

He has threatened to unwind major trade agreements, penalize logistics companies that move operations overseas, including manufacturing and warehousing services, and stifle companies’ plans for growth in emerging markets. Furthermore, Big Data will transform how companies view operations through a combination of internal and external metrics, merging all processes from procurement logistics with last-mile delivery.

7 Supply Chain Challenges That Exist Today

4WL Consulting

This heightens the need for having a global procurement network which can support and respond to a company’s supply chain needs in a timely manner. The challenge is to find standardized metrics between supply chain segments, product lines or between different departments in a company.

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Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

This transfer of ownership reduced the effectiveness of procurement. Drones in warehouses using machine learning for real-time inventory and self-driving vehicles are transforming logistics. Tremors. Seismic shifts. Supply chain management technology has a fault line. It is growing.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology. Transportation modes used in procurement and shipping.

Where Is the ROI in a WMS Implementation?

Veridian Solutions

Assessing the return on investment (ROI) of a warehouse management system (WMS) implementation is an essential step in building the business case for investment. According to Chris Barnes , solution consultant for the Accellos platform, Warehouse Managers face many challenges in understanding the ROI in a WMS implementation. Let’s take a closer look at where Warehouse Managers may find the highest ROI in a WMS implementation. Refinement of procurement strategies.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

I was involved with the procurement of equipment and materials. One of the bidders had a very unorganized warehouse. The five-year contract was going to deliver millions of dollars of cost saving and initiatives, such as no longer needing to pay for one of our warehouses and some employees. [24:44] The expected metrics were part of the contract. [00:38] Please introduce yourself and your company. I’m Gary Sostack, President and Founder of ElementaLogistics LLC.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

As we head towards what many experts are citing as a 2017 carrier capacity crisis and growing demands from consumers to keep them happy call for shorter delivery cycles, the traditional strategy of procurement cost saving and shipment consolidation opportunities have to be supplemented through innovative solutions, to deliver the best bang for the buck. Controlling Inventory Flow & Driving Warehouse Efficiency. It’s also important to have flexibility in generating metrics.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery.

Manage and Share Your Sourcing Data Effortlessly with ASO: Data Warehouse

Jaggaer

You already know that accurate data is vitally important to your procurement team. According to JAGGAER’s 2018 Digital Procurement Report , technologies related to data analysis are the most valued and desired pieces of technology among respondents. Providing curated data to team members prevents them from becoming overwhelmed and allows you to focus the conversation on the exact metrics you want to address.

Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.