3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration.

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.

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Guest Post: Ignoring this Performance Metric is Risky

TMC

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning. The raw data flows to Walgreens’ Centralized Security Operations Center.

Manufacturing and Cyber Security: A 5 Step Process to Create Internal and Customers’ Peace of Mind

Cerasis

Editor's Note: As we see the transition to digital manufacturing and the use of the cloud and other web-based systems, manufacturing and cyber security continue to collide. Cyber security is rapidly becoming a dominant concern for manufacturers and consumers. According to Andy Szal , the global cyber security market will grow between 20 and 25 percent annually through 2021. However, cyber security has become a critical component of effective management in manufacturing.

Offering Prayers While Looking Down the Barrel of a Gun

Supply Chain Shaman

Today, the word security has a different meaning. Unfortunately, we live in a world where the need for security for a Papal visit turns a city upside down. I love the energy, caring, and humility of Pope Francis, and I look forward to being one of the two million spectators lining the streets; but, the level of security in this city this weekend is an unprecedented experience. The pope comes in peace; but to prepare, we are in a high-security lock down mode.

What Blockchain Means to Supply Chain

Supply Chain Brain

Touted as a secure, immutable system of record for any number of transactions between business partners, it seems an ideal tool for managing the complex web of relationships that make up a typical supply chain. Companies are promised an unprecedented level of security, convenience and efficiency. Global Supply Chain Management Supply Chain Security & Risk Mgmt. Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt.

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Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

Often it’s those deeper levels that are the source of violations or inadequate working conditions. To fund that effort, QuizRR recently secured $1.3m Business Strategy Alignment Education & Professional Development Global Supply Chain Management HR & Labor Management Supply Chain Security & Risk Mgmt. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRM

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

Supply Chain Brain

It’s the model under which companies draw on talent from multiple sources, including in-house staff, outsourced services providers, and freelancers. Talent today comes from the source that meets a company’s needs of the moment. experts are being asked to expand their skills to include management of mobile platforms and security administration. As with any supply chain, it all begins with the source.

As Cities Get ‘Smarter,’ Energy Sector Said to Be at Greatest Risk to Cyberattacks

Supply Chain Brain

Our urban centers have many potentially attractive targets for those with ill intent, so it is critical that cities make the needed investments in well-trained security professionals and in modernizing their information and technology infrastructure.” Source: ISACA. Global Supply Chain Management SC Analysis & Consulting Quality & Metrics Supply Chain Security & Risk Mgmt.

What Is the True Cost of Eating Meat?

Supply Chain Brain

In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. The UN Food and Agriculture Organisation states that livestock is about 40 percent of the global value of agricultural output and supports the livelihoods and food security of almost a 1.3 Global Supply Chain Management Global Trade & Economics Sustainability SC Analysis & Consulting Food & Beverage Supply Chain Security & Risk Mgmt.

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

Supply Chain Network

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). However, in order for these advanced systems to function effectively requires that Supply Chain Professionals seek out and find the most accurate and diverse possible sources of useful data on all aspects of their supply chains.

Getting Bangladesh’s Apparel Industry on the Map

Supply Chain Brain

Illegal subcontracting at Rana Plaza resulted in many foreign brands losing faith in the country as a legitimate source of offshore production. In theory, factories should be eager to be identified as legitimate sources of production, as a means of securing more business. Business Strategy Alignment Global Supply Chain Management HR & Labor Management Quality & Metrics Sustainability Supply Chain Security & Risk Mgmt.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). As with sustainability, trade security, and product safety and quality, if you want to make progress on eradicating slavery, you have to develop a more granular and detailed understanding of your supply chain.

The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

getting buy-in from drivers and other stakeholders) and implementing appropriate metrics to measure and drive performance.). Cyber Security: As a network-based company, security and protecting customer data is a top priority for Descartes and the leadership team, which is why the company invests a significant amount of time, money, and resources on network security. What is the #1 technology topic Descartes CEO Ed Ryan gets asked about?

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The facility also offers secure storage for controlled medicines and dangerous goods, provision for cold chain and sensitive products , and specialty areas for sample distribution, secondary packaging, and clinical trials.

The Gig Economy Is Here to Stay — But Can Workers Survive in It?

Supply Chain Brain

That said, the coming of Uber, Lyft , Airbnb and similar ventures has served to shine a light on the world of independent workers, raising serious questions about their economic status and long-term job security. Thirty years ago, when McGovern founded M Square Consulting as a source of independent consulting talent, “we had to educate people [about the option],” she says.

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. I spread my Supply Chain wings at an Aerospace company and since Aerospace and Defense is a key vertical market for Kinaxis, the recent Supply Chain Metrics That Matter: A Focus on Aerospace & Defense report was downloaded on my laptop to read on my next flight. Think about those design, sourcing and delivery challenges. by Bill DuBois.

COSO – Sarbanes-Oxley and Supply Chain Fraud

Supply Chain Network

In terms of supply chain fraud, supplier metrics and the vendor scorecard are useful tools in determining suppliers that may be putting the organization “at risk�. The information an employee needs to perform their job functions efficiently and effectively must be provided based on the employee’s security clearance or level of job function. – Source: Supply Chain Fraud White Paper. COSO – SARBOX – SUPPLY CHAIN FRAUD.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

They will access their control tower, on any secured handheld machine regardless of their location. Diversify supplier base : Supply chain should not be overly dependent on long lead-time or on a small pool of specific suppliers or sourcing regions.

KPIs That Purchasing Executives Need

Silvon Software

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level. These metrics are noted in the following sections below.

How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag (pt 2)

OneSCM

In part one , I provided two key steps to help mid-market companies evaluate their existing measurement tools and data sources. If you already have a balanced scorecard or other formalized KPI measurement practice, it is a good time to evaluate for any needed adjustments or customizations and to revisit the objective, tangible value of each metric you want to include.

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. In 2017, the top three risks for supply chain management were categorized into three groups: War, terrorism and other geopolitical issues Natural disasters affecting supplier facilities Data security/IT incidents.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Supply chain is not just about the procurement and transportation of goods from source to consumer.

The Future Of Supplier Collaboration: 9 Things CPOs Want Their Managers To Know Now

Cerasis

As a sourcing or procurement manager, you may think there’s nothing new about supplier collaboration. For sourcing managers, this can be a lot of pressure. However, sourcing managers with a narrow focus on delivery are missing out one of the greatest advantages of forging collaborative supplier partnerships: an opportunity to drive synergies that are otherwise perceived as impossible within the confines of the business.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

5 Skills Necessary For Maximizing Logistics Effectiveness

Cerasis

In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items. This does not signify that you should be a wise-head in technology, it is more about using your analytical capabilities to secure the operations are running flatly.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Supply chain is not just about the procurement and transportation of goods from source to consumer.

Top 10 Manufacturing Trends For 2019

IQMS

Many manufacturing supply chains will evolve into intelligent networks with real-time track-and-trace, legacy systems integration and greater delivery accuracy and quality metrics than ever before. IIoT holds the potential to normalize the diverse data structures that slow down greater device- and plant-level analysis of key performance metrics. Spending on security will soar in manufacturing following at least one or more breaches of manufacturers occur in 2019.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. Such rules provide an incentive for vendors to adhere, and at your discretion, consider implementing a reward system for vendors that meet reliable standards for metrics, such as on-time delivery and appropriate fill rates. Remember “Security Patch Tuesday?”

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation. For example, the TMS system employed by Transwide Analytics uses visual reports covering key transport metrics to offer a comprehensive performance view, individual carrier score cards, and freight costs. TMD Security GMBH.

Steel Tariff Proposition: Will It Work?

Elementum

government began working on a proposition in June to impose tariffs and fines on foreign-sourced steel , suggesting that all pipelines operating on American soil use only American-sourced steel. national security. national security.'. The second cornerstone has to do with the aforementioned “threat” to national security, namely: job security in the U.S., which is at an all-time low) as of July 2017 actually merits a “national security” issue.

Counterfeit products are exploding on Amazon

NC State SCRC

However, supply chain executives who are brand owners have a responsibility to address this issue, and focus on mapping and monitoring their supply chain, something sourcing professionals often refer to as supplier relationship management (SRM). They recognized the need to find new ways to deceive and disguise the content, as law enforcement was not an effective source of protection. Establishing metrics is important to help define how “success” is measured.

What is MRO and Why is it Important?

Supply Chain Game Changer

In fact it is often such a forgotten category that operations personnel are often left to fend for themselves in buying and securing supply. As such it can, out of necessity, become a source of rogue buying behaviour and risky purchases. Having a proper metric set and performance tracking process will be essential. Downtime costs, inventory levels, delivery and replenishment lead times, supplier performance, and spend levels are a few of the critical metrics that you need.

7 Incredible Benefits of Cloud-Based Logistics Management

Cerasis

Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates. The cloud-based logistics has lots of metric tools. The increase of security level for such systems is expected. The cloud-based solutions and applications are quickly conquering the markets all over the world; they deemed to be highly scalable, easy to manage and cost-effective.