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In a survey of 150 global manufacturing executives, 47% committed to improving supplychainvisibility and tracking. According to the Global SupplyChain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supplychainvisibility?
While 87% of supplychain leaders say their organization has made significant investments to improve supplychain resiliency, 19% admit that today they are unprepared to face supplychain disruptions due to supply shortages. “To net promoter score or similar metric) as a supplychain KPI.
Let’s explore some of the technology changes that organizations should consider as they align their corporate goals and objectives to utilize big data to improve their end-to-end supplychainvisibility. There is more to supplychainvisibility than a complex set of KPIs.
Reason #3 Not having end-to-end supplychainvisibility. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychain risk management process. Reason #7 Making decisions based on bad data (supplychain data accuracy). Sound ridiculous?
Not having end-to-end supplychainvisibility. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. How do achieve supplychainvisibility ? by John Westerveld. Comment back and let us know.
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. Reward teams for cross-functional metrics. Customer-Centric SupplyChain.
If you ask companies if they would like better inventory and global supplychainvisibility, you will get an overwhelming answer of, “Yes!” The term supplychainvisibility varies by role. The term supplychainvisibility varies by role. ” The answer is simple.
This multi-tier solution is designed to reduce the bullwhip effect by improving demand and supply translation through multi-tier concurrency. It is a more mature version of SupplyChainVisibility, enabling multi-tier orchestration of demand and supply matching. They are not designed for multi-tier functionality.
This post from ClearMetal’s blog discusses the top operational challenges companies face and explains how enhanced supplychainvisibility can improve each one. Supplychainvisibility enables proactive decision-making and effective risk management by providing a clear, end-to-end view of the movement of inventory.
Sure, supplychain 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 SupplyChain Performance Beyond Cost Reduction. Read more. . The first such satellites were launched in 1979.
Aberdeen Group’s recent research report – The Chief SupplyChain Officer’s View of SupplyChain Disruptions: How the Best-in-Class Respond – takes a look at this reality and what leading companies are doing to prepare for these unexpected events. So how does Aberdeen define Best-in-Class?
Supplychainvisibility and big data are hot topics and everyone is trying to figure out how to extract and analyze the data they have for better visibility and decision making. Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance.
This post delves into the core drivers of supplychain efficiency. We’ll examine the key components of efficient supplychains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency. Partner Ecosystem Management: No supplychain exists in isolation.
As digitization continues to modify the global supplychain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supplychainvisibility. Identify shortage and quality problems along the supplychain.
Discover Ways to Boost SupplyChainVisibility through Digital Marketing Supplychainvisibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supplychainvisibility.
The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supplychain management, we have created an abundance of metrics and key performance indicators (KPIs). Accessibility.
This is all about the alignment of metrics and objectives. This requires a quick deployment for visibility across all shipments. This includes visibility into what terminal and berth the vessel will be at, which will help with more accurate ETAs. REACT: identify a problem and know you need to act and take the next step.
Achieving end-to-end supplychainvisibility has always been (and remains) a top priority for companies, but over the past few years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. But where the biggest black hole has been, traditionally, is in-transit visibility.
Here “near real-time” is defined as a refresh of key metrics every five minutes. In fact, going forward, they want to pull data from demand planning, the ERP, the plant, and transportation to create real-time supplychainvisibility that spans beyond the warehouse. Final Thoughts.
Redesign the process, then use IT I’ll give you a recent example from my business, which enables real-time supplychainvisibility, with AI-powered predictive insights and analytics, for the world’s largest shippers and their partners. Metrics are critical as well.
Example: despite plentiful data and modern tools, everyone says they want more supplychainvisibility. Visibility of what? There are many things to see and understand in a global supplychain. But be ready to USE that new-found visibility to make data-driven decisions. Make a list.
The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Note in Figure 1 the gaps from recent research between supplychain planning and manufacturing, logistics, and sales. Functional metrics need to be abandoned to focus on balanced scorecard outputs.
Reason #3 Not having end-to-end supplychainvisibility. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychain risk management process. Reason #7 Making decisions based on bad data (supplychain data accuracy).
Driving an excellent supplychain depends on how people are recruited and managed, processes, and the technology used. In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. The company recorded 1.9
Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).
If the arrow is red, the industry is moving backwards on a metric. Is this because this value chain is a laggard? To analyze supplychain excellence more holistically, four years ago we started work on the SupplyChains to Admire methodology. Companies, based on culture, tend to focus on singular metrics.
A MSCN is a collaborative solution for supplychain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. MSCN solutions provide supplychainvisibility, network-based applications, and network analytics across an extended supplychain.
Consequences of Lack of PO Collaboration Capabilities Failure to prioritize PO collaboration can lead to severe consequences for companies. By effectively addressing the challenges in PO Collaboration, organizations can mitigate disruptions, reduce costs, improve operational efficiency, and gain a competitive edge in the marketplace.
Or unclear on the definition of supplychain excellence? Integrating data does not align an organization motivated by functional metrics. Integrated Business Planning (IBP): How can you succeed at Integrated Business Planning (IBP) if the organization is not aligned? Digital Brain. Our brains are not digital.
Reason #3 Not having end-to-end supplychainvisibility. Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychain risk management process. You can find the previous posts here: Reason #1: Offshoring without getting the full picture.
ERP providers take a generalist, add-on approach to improve supplychainvisibility. Product direction is always a critical metric that businesses use to determine the longevity of their investment in the Logility® Digital SupplyChain Platform. Logility’s Feature Updates and Roadmap Are Highly Favorable.
Session Title: “End to End Visibility and Supply Planning — Schneider Electric” In Alain’s main stage presentation hear how end-to-end supplychainvisibility is key for becoming demand-driven and building value in supply networks. Learn more.
For years, supplychain leaders have struggled to achieve a sophisticated level of supplychainvisibility that would drive continuous improvement, optimize spend and reduce risk. The key benefits of managed analytics include: Actionable SupplyChainVisibility. Performance Optimization.
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins.
These KPIs, along with the critical metric of days of coverage for inventory — which measures the balance between available stock and unfulfillable demand — play a crucial role in a company’s ability to efficiently manage supplychain operations and costs while adapting to business-specific needs and market conditions.
In other cases, companies have tried to distance themselves from these supplychain failures, passing the buck of responsibility and accountability to their suppliers or others (see GM Supplier Factory Explosion: Thoughts on SupplyChainVisibility and Responsibility ). no metrics, operate in functional silos).
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Working towards supplychain transparency, a circular economy and reducing food waste requires food manufacturers to have a greater capacity to plan efficient operations that can meet market demand while minimizing waste.
What are SupplyChain Reports? Supplychain reports are data-driven documents that provide key metrics and insights into various aspects of your supplychain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.
Supplychain disruptions such as these may force a business to find new inshore or offshore suppliers, all of whom must be thoroughly vetted for compliance with regulatory and corporate standards. Accurate data you can use to assess and mitigate risks up and down the supplychain is critical.
But before we get to that, let’s establish why supplychainvisibility matters. Why SupplyChainVisibility Matters In the First Place Supplychainvisibility refers to the ability to track and monitor products as they move through the supplychain.
The article mentions the ways through which Shopify integration with CRM software can improve supplychainvisibility, customer experience, and operational flexibility. This real-time visibility translates into faster issue resolution, enhanced forecasting, and vendor coordination. Check out this course by Vera Rozanova!
The benefits of supplychain convergence are clear and far-reaching and positively impact the bottom line: Improved Decision-Making – everyone is working on one shared set of data gathered from all supply network partners (where appropriate).
Key elements to include: Sustainability Goals and Metrics: Define clear sustainability goals aligned with the company’s overall objectives. Introduce relevant metrics for measuring environmental impact like carbon emissions, water usage, and waste generation. Consider minimal packaging designs to reduce waste.
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