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.

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!

How to Achieve Six-Figure Benefits from Digitizing Paper-Based Supply Chain Operations

every year for the requisite infrastructure and re- sources, i.e. printers, papers, and ink. At the same time, it in- creased accuracy and customer satisfaction metrics. Sunil has over 19 years of domain and enterprise re- source planning experience covering multiple business.

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.

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

The 21st Century Supply Chain

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.

Your Supply Chain Probably Has a Data Problem - Start There

sources of value for customers. Without a centralized data source insights are difficult to gather and hidden. next challenge is determining the right metrics to focus on. this process as determining what technologies will help get those metrics.

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.

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.

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.

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.

Removing the 3 Barriers to Building a Predictive Supply Chain

resources each year guessing important operational metrics such as booking allocations or. Sourcing it from third-party sources is interesting and. IoT-sourced data offers exciting opportunities but in the shipping industry, there’s value within. multiple sources.

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.

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.

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

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.

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.

Reporting Forecast Accuracy At Sales and Operations Planning Meetings

Arkieva

You have a favorite forecast accuracy metric(s) you’ve been practicing within the organization for a while, and now you think you are ready to bring it to the Sales and Operations Planning (S&OP) meeting as a Key Performance Indicator (KPI) of your demand planning process.

A Candid Expose of Target Stores CEO Leadership: A Rebellion from Within?

Supply Chain Matters

The article observes that Target’s core hip image of creativity in merchandising, affectionately dubbed “Tar-zhay” took a back seat to rigid performance metrics under the leadership of CEO Steinhafel. Online Customer Fulfillment Procurement and Sourcing Retail Supply Chain Supply Chain Strategy effects of Target Stores credit card security breach Supply chain Matters blog supply_chain_matters Target Stores supply chain Target supply chain

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

The source data for the analysis is public reporting of balance sheets and income statements. Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. Five months of analysis. Lots of heated debates. It is now over.

Introducing Supply Chain Power Influencers on Twitter

Supply Chain Opz

Related Metrics There are 3 other metrics dedicated to the measurement of social media influence as below, 1) Klout develops Klout Score, the number between 1-100 that represent influence (the ability to drive action).

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.

Tell Me Why

Supply Chain Shaman

Traditionally, the focus has been on building efficient organizational silos for make, source or deliver. As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. In addition, they rank last in their ability to drive metrics improvement.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As

The Fight of the Titans

Supply Chain Shaman

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together.

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?

[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

Why advanced technologies such as blockchain , AI, and the IoT get a lot of attention, but that focusing on real-life solutions to issues like labor shortage, safety, and capacity sourcing instead of wasting so much breath on disruptions that won’t take place for decades is more productive for those who work in freight. Capacity & Carrier Metrics Resources to Download. Transportation Metrics that Matter the Most for Shippers to Track to Improve Performance.

Navigating The End-to-End Journey

Supply Chain Shaman

When source, make and deliver report to the same organization, progress is quicker. When the leader orchestrates, the functional metrics are about reliability with all functions align against a common portfolio of metrics. Wang Laboratories. Eastman Kodak. Nokia, Blockbuster.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? Subscribe Here!

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.

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.