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

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Walmart OTIF Metrics

SupplyPike

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. This means that the carrier was not able to secure the product upon the pickup attempt due to a supplier-caused issue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Building the Business Case for Supply Chain Risk Management

Cerasis

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

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.

DIFOT: A Metric of Supplier Performance

Unleashed

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. Your supply chain is the very lifeblood of your business. Without it functioning correctly, your supplies may not arrive in the correct amount or the correct timeframe, severely compromising your ability to meet your customers’ needs. This includes: Understocking where you carry too little stock to supply demand.

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. For the past several years, Supply Chain Insights has been delivering this research series. What caught my eye is that for each report, they do a deep dive on a specific industry and use a mix of financial data, survey research results and interactions with their clients to help get a better understanding of various industries’ supply chains.

The Top Finance Supply Chain KPIs to Measure for Shippers

Intelligent Audit

In the supply chain, it’s easy to get overwhelmed by data. In doing so, part of the battle comes down to the executability of finance supply chain KPIs. Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics.

How Do You Define Your Supply Chain Challenges?

Kinaxis

by Andrew Dunbar Google “Top 10 supply chain challenges” and you’ll find 44 million different opinions on the biggest issues our industry faces today. Many are filled with our favourite industry buzzwords: Visibility , Risk Management , Cost Pressure, The Internet of Things, Security Threats… and the list goes on. These are all interesting and catchy concepts but they don’t necessarily address the fundamental challenges faced by your supply chain organization.

9 Throughput Supply Chain KPIs to Measure for Shippers

Intelligent Audit

Throughput is a top priority for supply chain leaders. That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. The so-called perfect order metric is the ideal supply chain KPI.

The 6 Greatest Challenges to your Supply Chain

DynaSys

A Three Part Article Series from QAD DynaSys – Greatest challenges to your supply chain. Read Part One 10 COVID-19 Lessons for the Resilient Supply Chain if you missed it. . Challenges of your Supply Chain – Your Capacity to Add Value.

Dealing With Intel’s Massive Security Flaw

Supply Chain Brain

The announcement early this year of the security gap discovered in just about every computer made in the last 23 years had chipmakers and users alike scrambling for a patch. So far, there do not appear to have been any attempts by hackers to exploit the flaw, says Tim Crosby, senior security consultant with Spohn Security Solutions. The problem, it often seems, is public indifference or inaction in the face of these serious security threats. security crisis.

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

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.

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

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor. In response, federal and state governments are taking action to drive down the use of slave labor in supply chains. California, for example, passed the California Transparency in Supply Chains Act of 2010 , which went into effect in January 2012.

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.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

The digital business landscape for a shipper, such as the use of an ERP, TMS, and other digital aspects, such as The Internet of Things , provides unparalleled insight into how an organization in the supply chain can improve efficiency, visibility, and productivity. Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed.

8 Things Companies Get Wrong in Supply Chain Management

Logistics Bureau

Even the biggest companies make supply chain management mistakes, and they typically have dedicated management hierarchies focused solely on balancing supply and demand. Do These Things Right For Supply Chain Success. Are You Getting Supply Chain Management Right?

Profitable Agility: Part 2 of Agility and Resilience in Supply Chain Execution

BlueYonder

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. Supply Chain Thought Leadership

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

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains.

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supply chain management is risky business — and the risks are growing every day. Simply put, many companies are still falling short on supply chain risk management , and they continue to pay the price. whenever you’re discussing supply chain strategy or decisions.

Supply Chain Scams and Fraud!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. So let’s discuss Supply Chain scams and fraud. Vulnerable Areas in Supply Chain. Examples of fraud opportunities at all stages of the Supply Chain are enumerated by esourcingwiki.com. Subscribe Here!

eBook 56

What Blockchain Means to Supply Chain

Supply Chain Brain

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. 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.

Video 40

What Kindergarten Lesson Applies Best to Supply Chain Technology?

Talking Logistics

Similarly, in supply chain applications, you are heavily reliant on connectivity and communication with your supply chain partners including carriers, suppliers, and customers. For supply chain applications, this often means faster, better optimization, more robust reporting, and quicker response times, which all contribute to increased effectiveness.

Why ERP reduces accountability and measurement in your supply chain, and how you can fix it

The Network Effect

Assuming excellence in customer responsiveness is a given, in order to achieve excellence in operating performance all employees should have a solid education and understanding as to how their roles and responsibilities contribute to their supply network outcomes in addition to their budget or financial performance. Enterprise and departmental silos are reinforced by today’s ERP systems given the fragmented environment present across most supply networks.

8 Things Companies Common Mistakes in Supply Chain Management

Logistics Bureau

Even the biggest companies make supply chain management mistakes, and they typically have dedicated management hierarchies focused solely on balancing supply and demand. For the smaller business, with a management team that has to juggle multiple areas of responsibility, it’s even easier to inadvertently neglect, overdo or omit certain aspects of supply chain management—or just get them plain wrong. Do These Things Right For Supply Chain Success.

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

Talking Logistics

Drones and its future in supply chain and logistics processes. But as Ryan pointed out, despite the coolness factor and hype, the impact of drones on supply chain and logistics processes will be further out than other technologies, and there are plenty of other innovations — you can call them more evolutionary in nature — that are already having a positive impact on the industry, such as what’s happening with mobile solutions (more on that below).

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Leadership in Supply Chain.

Supply Chain Best Practices during a Quarantine

SupplyPike

Shortages, extreme demand, and panic buying are causing issues up and down supply chains. Times are tough, so we’ve gathered some guidelines to help your supply chain get back on track, or at least to shore it up during these challenging times. Where possible, provide daily updates and/or schedule weekly meetings to work through different options for securing an adequate supply of essential high-demand items.

DC 49

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

In a typical global supply chain, involving multiple tiers of production, the chances of failure are alarmingly high. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. 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.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners. Most companies are still just in the “tire-kicking phase,” says Chris Kirchner, chief executive officer and co-founder of Slync , provider of a blockchain platform for the supply chain.

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

OneSCM

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. If you are on an informal KPI measurement practice, loosely mock up what you would like your reports to look like, including the data sources, how the metrics are calculated and, most importantly, the tangible decisions that can be driven by the data.

Logistics Metrics You Didn’t Know You Should Be Watching

Supply Chain Collaborator

What if there were a small, yet easily addressed oversight in your supply chain automation initiatives that was preventing your planning from achieving their full potential? Read on to find out what may currently be missing from your supply chain logistics program. Yard management is a crucial piece of any successful logistics management practice with significant implications for efficient supply chain planning. Security.

Introducing a Cryptocurrency for the Food Supply Chain

Supply Chain Brain

This time, it’s designed for the food supply chain, with an emphasis on achieving transparency and security between partners. Its purpose is to serve as compensation for the multiple nodes within a network that are keeping copies of transactional data generated by supply chains. It’s being created to support what the company calls “the first purpose-built protocol for supply chains based on blockchain.” Securities and Exchange Commission.

Food 40

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

Supply Chain Brain

Submissions consist of case studies describing your company's supply chain innovation that emphasize innovative and measurable results. Join today for the opportunity to showcase your innovation to a global community of supply chain leaders. Learn more by reviewing the Supply Chain Innovation Award submission guidelines. Finalists are asked to present their case studies at CSCMP's 2018 EDGE Conference in Nashville, Tennessee. Submissions.