No Industry Has A Better Success Metric than Baseball

Logistics Viewpoints

In business, and the supply chain realm, no other success metric has this clarity. The post No Industry Has A Better Success Metric than Baseball appeared first on Logistics Viewpoints. Metrics and Standards strategy success

Aligning Metrics to Strategy

synchrono

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. We all know that in today’s organizations there are many, competing strategies and objectives. See the Operations Metrics for Action Guide ).

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My Take: Metrics that Matter

Supply Chain Shaman

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics. Last week, I held my new book in my hand.

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking? What distribution center metrics are you tracking or are not listed here?

Modern Metrics

synchrono

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. In both worlds, technology is not only changing our strategies, processes and behaviors, it’s changing what and how we measure. How Technology Has Changed What We Measure.

Lora Cecere on Supply Chain Metrics that Matter

AIMMS

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I hired a research assistant to look at balance sheets and looked at performance and really tried to figure out which metrics mattered. We interviewed supply chain leaders and in the middle of that I decided that I would write this book, Supply Chain Metrics that Matter.

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.

Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics. The Perfect Order Rate metric is one we’ve seen Gartner and others talk about quite a bit.

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Energy used in handling returns : This metric is used in sustainability programs.

Efficiency vs. Productivity: Metrics that Matter…Until They Don’t

synchrono

When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). Let’s discuss why an efficiency metric is usually not the right metric and what a Lean manufacturing expert does when measuring true value in the supply chain. This “lost opportunity metric” is now something that Lean manufacturing experts try to keep at the top of the list.

Changing the Production Performance Metric

Logility

And finally the fourth phase is to align the production accountability more meaningfully with company strategy. The lesson for you is that you would be better served by proactively and strategically moving into a supply chain oriented, demand driven strategy, rather than wait for the marketplace to pull the rug out from under you. Inside-out to outside-in is starting to turn.

[e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs

Cerasis

Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. We hope you enjoy this comprehensive look into data, business intelligence, metrics, and the CORE KPIs every shipper and manufacturing or supply chain professional should know in order to continually improve business practices and reduce overall costs.

The 9 Key Considerations of an Effective Last Mile Logistics Strategy

Cerasis

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy. Any effective strategy must begin with effective planning. Leverage the Right Technology as Part of Your Strategy.

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.

Changing the Production Performance Metric

Logility

And finally the fourth phase is to align the production accountability more meaningfully with company strategy. The lesson for you is that you would be better served by proactively and strategically moving into a supply chain oriented, demand driven strategy, rather than wait for the marketplace to pull the rug out from under you. Inside-out to outside-in is starting to turn.

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. Not only does the name itself mean “to set an objective,” it’s a time-proven strategy for companies needing an organizational boost. A sense of complacency can lurk behind benchmarks.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.

Cleanroom Manufacturing Strategies That Pay

IQMS

Based on interviews with plastics manufacturers and the MAPP Survey, the following 5 strategies provide manufacturers guidance on how they can increase their revenues using a cleanroom-driven strategy. The following five strategies will help any plastics manufacturer with a clean room scale up and charge a higher average machine rate per hour, average markup, capture new customers and increase sales to existing accounts.

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

An important component of that foundation is defining and implementing an effective transportation strategy – a topic that I discussed with Eric Meister, LeanLogistics’ former COO, in a follow-up episode. Here are some of the valuable insights that Eric shared regarding the path to building an effective transportation strategy: Q: An important component of that foundation is defining and implementing an effective transportation strategy.

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. Frequently, I see the goal of “build a customer-centric strategy” or define an “end-to-end vision to deliver on the customer promise.” It requires a careful execution of strategy and the connection of strategy to execution.” Customer-Centric Strategies.

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? The answer to this question lies in using last mile metrics to track key performance indicators and target levels of service to ensure accountability, visibility and continued reduction of costs in last mile delivery. Essentially, shippers need to track these 11 metrics. On-Time Deliveries Are King of Last Mile Metrics.

The DDAE Model – Metrics, Ranges and Next Steps

DynaSys

Prerequisite #3: Flow-Based Metrics. The DDAE model uses different metric emphases within each of the operational, tactical and strategic relevant ranges to promote and protect flow today and into the future. Operational metrics emphasize reliability, stability and velocity to determine relevant information and materials in the Operational Relevant Range. Strategic metrics emphasize contribution margin, working capital control and customer base control and development.

Business Strategies to Recover After the Coronavirus

Vinculum

New financial metrics, receivables, and even the number of days the capital can last are important considerations that should be taken into account when formulating a new business model. Since organizations are always facing various pressures and threats to their work, preparing and adapting their business strategies according to the situation can make them achieve a stronger position after the Corona crisis.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible.

Who owns S&OP? by Accenture Strategy Guest Blogger

Kinaxis

Think about it – in most organizations today, there are so many performance metrics (by functional area), yet not one is common across the business. And certainly there aren’t aligned incentives or common management metrics tied to compensation plans. Defining common metrics for the S&OP team that each department and functional area are measured on, and held accountable to, helps support the effectiveness of the team. by Steven J.

S&OP 107

Metrics that Matter: Quality Management

QAD

Using Metrics to Measure Quality. As such, quality is a key part of company strategy, controlling costs and acting as an early warning system when any process goes awry. Training is a key component of most compliance frameworks, so in a highly regulated industry such as automotive or life sciences, these metrics can help ensure compliance with requirements. Remember that quality is a company strategy, not a department strategy. Choosing Metrics.

The Secret to Successful Enterprise Strategy? Always Include Supply Chain Management

Supply Chain Opz

In this guest commentary, John McKeller , senior lecturer for the Wisconsin School of Business Grainger Center for Supply Chain Managemen t at the University of Wisconsin-Madison, explains four key considerations for successfully integrating a firm’s strategy with supply chain management. A firm wins in the marketplace by providing better value for customers than its competitors, and achieving that goal starts with strategy. Bring supply chain into the strategy development process.

LeanCor in Inbound Logistics: 6 Simple Metrics for Tracking and Improving Carrier Performance

LeanCor

"While transportation service providers vary in size and ability, having an overall strategy to track carrier performance can drive long‐term operational and financial stability. Carrier Management Transportation Management supply chain insights

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Second, they adapt over time as market structures and strategies evolve. 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. The delivery against goals starts with leadership and a clear strategy. Reward teams for cross-functional metrics. Buffer strategies.

Let’s Fail Forward….

Supply Chain Shaman

The Center of Excellence is driving supply chain evolution against an operating strategy. Clarity of the Operating Strategy. They deliver on the operating strategy. I expect to see that where there is clarity in the operating strategy, the Supply Chain Center of Excellence is aligned to deliver on success. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Overall there are key overriding factors to be considered in defining and optimizing any end-to-end Supply Chain strategy from an environmental perspective: Reduce waste and improve efficiencies. The basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy must thus include: Executive Support. Do they have an energy and water consumption reduction strategy? Subscribe Here! Email Address.

Supply Chain News onThe Top Distribution Center Metrics for 2016

Supply Chain Digest

Karl Manrodt and Company Identify the Top Dozen Once Again, and Surprisingly, Primary Strategies Do Nott Much Impact Metrics or Performance

Where have all the Truckers Gone? 10 Strategies for Shippers to Fight the Capacity and Trucker Shortage

Cerasis

Strategies for Surviving the Capacity and Trucker Shortage. Implement a Transportation Management System (TMS) to comprehensively manage logistics surrounding and including the shipping function as well as related performance metrics. Author information Adam Robinson Adam Robinson oversees the overall marketing strategy for Cerasis including website development, social media and content marketing, trade show marketing, email campaigns, and webinar marketing.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. There are many trade-offs: asset strategies, product complexity, growth plans, demand flows, and price volatility. We selected these metrics based on correlation work with Arizona State University in 2012.

Deciphering the difference Between KPIs and Metrics

Unleashed

KPIs and metrics are a few of the buzzwords floating around businesses these days but what’s the real difference between the two? We’ll try to keep it simple so you can decipher what a KPI is and what a metric is and why both are important parts to a business. To start with, think of KPIs as strategic and metrics as tactical. What is a metric? In business, a metric is used to track or record activity and see if that activity was successful or not.