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.

Don’t let incorrect design assumptions affect supply chain performance

Kinaxis

by Alexa Cheater Wouldn’t it be nice if your supply chain actually performed the way you designed it to? Supply chain perfection just got one step closer with the Self-Healing Supply Chain and its ability to improve supply chain design assumptions. Supply chains are complex and full of inter-dependencies. Machine learning is the new frontier of supply chain analysis, planning and design.

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5 More Reverse Logistics Metrics to Track

Cerasis

Across returns supply chains—a core component of reverse logistics—the need to improve performance has never been higher. As explained by Performance Magazine, improvement measurement.read More. Key Performance Indicators Reverse Logistics reverse logistics metrics

5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System

Arkieva

Setting up a supply chain performance measurement system? Here are 5 things to know 5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System was first posted on August 14, 2017 at 2:45 pm. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based Is this kind of performance too good to believe? Can you imagine your supply chain planning team being able to pull this off?

What role should logistics providers play in supply chain performance and benchmarking?

The Network Effect

Visibility of the potential value locked in the current environment is a key driver in a supply network transformation and is being provided by today through cloud-based network platforms. The idea is to provide departmental workbenches which show not only the departmental performance as we see with most systems, but also display the effect of dependencies and actions taken in other departments or across customers or trading partners.

Time for a Supply Chain Metrics Cleaning

Logility

Wait, it’s not spring; but does that mean you have to wait another eight months to review your supply chain? Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?” However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions.

How to Measure Supply Chain Performance

Material Handling & Logistics

All companies need to employ a performance measurement system to organize and manage their supply chain metrics. The appropriate metrics to manage and measure the success of a company’s operation vary significantly by industry, by individual company, and by the scale of the business. What does not vary, however, is the universal need of all companies to employ a well-structured, hierarchical framework to organize and manage their metrics.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain. At the time this wasn’t a company on the bleeding edge of supply chain best practices. Connect. Share. Learn.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains. To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics.

Quality Management in Supply Chains: Performance and Conformance

The UCLA Anderson Global Supply Chain Blog

Quality Management in Supply Chains: Performance and Conformance. With the increase in outsourcing practice since the 1990s, supply chains have become very complex, involving many intermediaries. This figure, produced by Sourcemap.com , illustrates the complexity of today’s laptop supply chains: Clearly, with so many layers, it is difficult for companies to have full visibility on their operations. Distorted Performance Standards.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain. At the time this wasn’t a company on the bleeding edge of supply chain best practices. Connect. Share. Learn.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Now in its seventh year, in the analysis, I learned a lot about the impact of supply chain choices on balance sheet performance: -Not Straightforward.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

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 supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). For the past 30 years I have been involved with multiple efforts to build a set of supply chain metrics and have learned a few things along the way.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Performance.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. Today, more mature supply chain teams focus on delivering value. While companies want to improve supply chain performance and drive value, it is easier said than done. It usually takes at least three years for a supply chain to make an impact on financial balance sheet results.

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.

A New Decade: Give Science A Chance

Supply Chain Shaman

When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

Today, I am proud to launch the Supply Chain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The Supply Chain Index has been two years in the making. As I sat at my kitchen table, I reviewed spreadsheet after spreadsheet of corporate performance data on supply chain financial ratios.

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. Understand “All Green” Does Not Mean “All Good”: Leadership is about solving problems, so it can feel counter-intuitive to seek out issues if you already are performing well. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time.

Beyond Operational Metrics: Why Measuring Employee Interpersonal Performance is Also Important

Talking Logistics

Companies spend a lot of time and energy measuring operational metrics, the “what” of supply chain performance, but they generally fail to measure the “how” aspects of performance –i.e., Tweet The post Beyond Operational Metrics: Why Measuring Employee Interpersonal Performance is Also Important appeared first on Talking Logistics with Adrian Gonzalez.

S&OP: Five Steps to Get Started

Supply Chain Shaman

I will also pen my 95th report for this week’s Supply Chain Insight’s newsletter. We now reach 23,000 supply chain leaders globally with our newsletter and have over 50,000 views/month on Slideshare. Frustrated that my upcoming Supply Chain Insights Global Summit was in Phoenix, he asked if I ever came to Europe. We reviewed the orbit charts and progress of the recent Supply Chains to Admire Analysis for 2016. Supply Chain 2030.

S&OP 211

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

For many years (1992-2001), I worked at Manugistics, a supply chain planning technology provider. It was refreshing for me today to talk to Adexa and see their fresh approach to supply chain planning. Today I am deep into writing reports for the Supply Chain Insights newsletter. Each year we look at supply chain financial ratios and write a report on the Supply Chains to Admire. Who is performing the best in this industry?

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Is the current performance of your supply chain network optimal? How do you gauge network performance, which numbers are important to you and what do they mean? Here are five supply chain basics that every manager can analyse on an ongoing basis to keep tabs on the health of their supply chain networks. Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job.

The Fight of the Titans

Supply Chain Shaman

Supply chain leaders are competitive. The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Now in 2018, we are starting to see the evolution of “Gods” with new business models that are redefining supply chain processes. Yet, the Titans, the first generation of supply chain super powers, continue to battle competitors.

Supply Chain KPIs You’ll Want Every Morning

Logility

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Supply chain cost per unit sold. Metrics.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial Reengineering is the radical redesign of business processes and organizational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality. The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric. Diversified Industry Performance.

The Hierarchy of Healthcare Supply Chain Metrics

Tecsys

In my July post, I introduced the 'Hierarchy of Supply Chain Metrics', which is a framework of supply chain metrics conceived by Gartner, the world's leading information research and advisory company. The model provides 3 tiers of integrated metrics to assess, diagnose, and correct supply chain performance, and is a great example of what constititutes a supply chain scorecard.

Top 15 Supply Chains to Admire from the Supply Chain Insights Conference

Kinaxis

by CJ Wehlage The Supply Chain Insights annual conference was held on September 10-11, 2014 at the Phoenician in Scottsdale, Arizona. Great memories here, as so much has changed in the supply chain research world these past 5+ years. All ex-AMR analysts on the stage, talking about the ‘Top 15 Supply Chains we Admire’. There has been so much discussion on the “top” supply chain lists. Value of supply chain planning and analytics.

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? Are you confident that it’ll perform well and you’ll meet all the requirements of your target audience? Without a doubt, managing supply chain is nothing but easy. Its scope is extensive and spans all areas of the supply chain.

Groundhog Day

Supply Chain Shaman

Supply Chain Groundhog Day. Last night, the twitter feed was buzzing with pictures of the celebratory Supply Chain Top 25 dinner. The Gartner Supply Chain Top 25 is now twelve years old. I believe that supply chain leaders need to drive value-based outcomes. I think supply chain leaders need more. At Supply Chain Insights , we are taking a more methodical approach. This is problematic for the supply chain leader.

Why?

Supply Chain Shaman

Supply chain management, as a practice in commercial operations, is now thirty years old. When we look backwards and use the results on corporate financials as a litmus test on supply chain excellence, we find that: We have made Improvements in Productivity. Supply chains have not morphed to manage the complexity at the same cost, quality and level of customer service. 2) Definition of Supply Chain as a Function versus a Way of Doing Business.

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.

Novo Nordisk: A Story of a Supply Chain Leader

Supply Chain Shaman

Each year at Supply Chain Insights we study performance and improvement of companies in each industry. The level of performance in 2015 is the same as 2006. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Performance and Improvement within the Pharmaceutical Industry for 2009-2015. Understanding What Drives Supply Chain Excellence. We are stronger in supply than demand.