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. The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Choosing Metrics. Everything has a cost, and every decision affects multiple metrics.

Transportation Sourcing in an Omni-channel World

Talking Logistics

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. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? According to Joe, enVista’s Director of Transportation, “The key to omni-channel sourcing is that it requires you to understand your goals and objectives.

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.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Quality affects many different parts of the business, so it is critical to establish a comprehensive metric that provides visibility into the most important areas of operations.

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.

Last Mile Metrics: 11 Metrics to Measure in Last Mile Logistics

Cerasis

Using technology to improve last mile metrics is essential to driving last mile costs down, but how do shippers know if the technology is helping or hurting? Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

Measuring Up?

Supply Chain Shaman

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time.

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.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. by CJ Wehlage.

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Cash-to-cash is a compound metric.

A New Way of Looking at Manufacturing Metrics

synchrono

The metrics you use to manage your manufacturing operations need to matter, and they need to be actionable. For a detailed review of the operational metrics we recommend in a demand-driven manufacturing environment, refer to our Metrics for Action Guide. Most experts agree.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. I wanted to better understand which metrics truly mattered. The Metrics That Matter Are Different by Industry Sector.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. 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.

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.)

What Blockchain Means to Supply Chain

Supply Chain Brain

Quality & Metrics Regulation and Compliance All Technology Big Data/IOT SC Finance & Revenue Mgmt. SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityBlockchain technology was created to support transactions involving Bitcoin and other cryptocurrencies. 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.

Video 40

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. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions.

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. As with any supply chain, it all begins with the source. Quality & Metrics All Technology Sourcing/Procurement/SRM SC Planning & Optimization Home Page Latest NewsThe need for tech expertise is greater than it has ever been — and growing.

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

Jaggaer

One small mistake in examining or presenting data points within your sourcing activity could cost you. Businesses need a strategic approach to managing their sourcing data. Within your sourcing events there are dozens of data points you may consider, from pricing to risk level to bandwidth and schedule availability. 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.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment.

KPI 89

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

During sourcing projects, compliance is a valued attribute from the side of a supplier. Relying on too few suppliers and not diversifying your sources creates a high risk of dependency, and potential further problems if one of them pulls out at the last moment” ( Schlosser 2018 ).

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).

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. no metrics, operate in functional silos). Therefore, the first step is to define those processes, along with who will execute and manage them and what the right metrics should be.

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

Supply Chain Brain

Source: ISACA. Global Supply Chain Management SC Analysis & Consulting Quality & Metrics Supply Chain Security & Risk Mgmt. Respondents to a global survey by ISACA, an international professional association focused on IT governance, flag the energy sector to be the critical infrastructure system most susceptible to cyberattacks (71 percent), followed by communications (70 percent) and financial services (64 percent).

A Diverse Supply Base Isn’t About Procurement…It’s A Leadership Issue!

Supply Chain View from the Field

The most important and common method for driving diversity objectives in the survey (in 73% of firms) involves explicitly building in diversity as an objective into sourcing processes. It is not uncommon to find that sourcing managers do not view diversity as a priority. An example of a metric captured in the form several key measures of commitment towards supplier diversity. I was recently involved in a survey of best practices in establishing a diverse supply base.

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.

SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

NC State SCRC

The ranking “is based on an analysis of 37 data inputs provided by 12 third-party sources. In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management. In the social responsibility category, metrics related to supply chain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.

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. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat? Food and farming is one of the biggest economic sectors in the world. We are no longer in the 14th century, when as much as 76 percent of the population worked in agriculture — but farming still employs more than 26 percent of all workers globally.

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

Supply Chain Brain

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. HR & Labor Management Quality & Metrics Regulation and Compliance Global Supply Chain Management Business Strategy Alignment Education & Professional Development Home Page Latest News Home Page Slider Editors' Blog

Sales Can Use RACI Charts to Understand Procurement… and vice versa!

NC State SCRC

In less mature organizations, the sourcing decision will be more ad hoc, will be typically led by decision-makers in the business unit, and the textbook approach of working through business stakeholders at a local level makes sense. What is the organizational hierarchy in procurement – category manager for the category, director of sourcing (transportation and related services), buyers, and CPO? Do they have a formal strategic sourcing program?

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. Such gaps are often attributed to a lack of data documenting historical spending, contracts, and supplier life cycle performance metrics. Analytics Emerging Issues in Supply Chain Procure to Pay Strategic Cost Management Supply chain analytics Supply Chain Innovation Supply Chain Management Sourcing Interest Group12 at 2 PM, based on a study I have been working on with some folks at IBM.

Post Award Contract Management with $40 Oil: Insights from Shell’s Kevin Fronk

Supply Chain View from the Field

Kevin and I worked together years ago to help define the a baseline framework for strategic sourcing and category management that was deployed within the Lubricants group, and which later became deployed across the entire Shell Procurement organization. This allows us to compare this rig’s cost versus others, and the cost of our fleet operating relative to other fleets on 10 different performance metrics.

What is the return on ERP implementation? Results from our research

Supply Chain View from the Field

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., Segmentation, generally associated with strategic sourcing practices, is the basis for building sourcing strategies, which require an ability to negotiate prices based on leveraged volumes of purchases from across the organization.