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The survey was one of many, and I found the project relatively nondescript, bordering on boring. One of my lessons learned in completing survey-based research over the past twelve years, is that projects are full of surprises. In the survey, companies had over one hundred active continuous improvement programs.
Yet in EY’s research, they report that “nearly all supply chain leaders (97%) say that their organizations are currently facing challenges as it relates to supply chain metrics and that challenges come from a lack of integrated data and cross-functional metrics being in conflict with each other, among others.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite. The facility aims to reach full production capacity by the end of 2028.
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
In a recent survey with Demand Gen Report, we found 59% of experienced practitioners (those with ABM programs more than a year old) indicated their ABM programs are meeting or greatly exceeding their expectations, while only 45% of novices (those with ABM programs less than one year old) could say the same.
With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supply chain research should be readily available and not locked behind a paywall.) (If Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics.
If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement.
Results from The Conference Board’s C-SUITE OUTLOOK survey showed supply chain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs. Here are some preliminary survey results thus far. There are numerous indications that supply chain is more critical than ever.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
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. However, as many of you know, I am stubborn.
As a result, the metrics have to be viewed together as a pattern over time. In the journey, the supply chain leader needs to improve the potential of a portfolio of metrics. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.
The studies for the VMI and the Retail Scorecard surveys are still open. The book, Metrics That Matter , is almost finished. People cannot get enough on metrics. Too much dependency on trade promotions and deep discounts is an addiction and disruptive for some relationships. We would love your input.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Start with your supply chain.
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.
For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. Tougher than most understand. Bloom off the rose on digital transformation.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment.
ESG reports can help investors make informed business decisions by identifying companies with less financial risk and avoiding those that may be impacted by stricter ESG metrics. Survey respondents were asked to identify the top three challenges they face in implementing ESG into their supply chain.
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. Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The company recorded 1.9
And finally, our survey on supply chain planning is closing. In this survey we find out some benchmark metrics on the number of demand planners per item, and the rate of adoption of demand and supply chain planning systems. And, like all surveys, we share the final results and keep the individual responses confidential.
The Supply Chain Matters blog highlights a revealing survey published this week regarding viewpoints relative to business sustainability and ESG actions which reflect both a call to action and a perspective of advanced technology enablement. . Announced Survey Findings. Background. This study, sponsored by Savanta, Inc.
Based on a survey of 151 end-user organizations, Aberdeen used the following metrics to identify the top 20%: 97% average customer service level (84% for All Others). So how does Aberdeen define Best-in-Class? 30 day average cash conversion cycle (59 days for All Others). 85% average forecast accuracy at the product family level.
Unfortunately, only 1-in-2 supply chain centers of excellence are self-assessed in surveys as meeting expectations. Supply chain centers of excellence help with metrics alignment, and product portfolio alignment, between finance and the supply chain team, and the supply chain team and marketing. The value proposition still holds.
The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.
This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics. When all functions are jointly focused on improving these metrics, then we can have one team. We are a month away from the publication of Supply Chain Metrics that Matter. What do you think?
To understand supply chain excellence, Abby and I have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. This analysis has been fun and insightful. It will become one of the cornerstones of our research.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.
Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. Thanks to Metrics That Matter, not only did I get some valuable A&D insights but it took my mind off of sitting in row 32 on a delayed flight out of Newark.
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. They prepare equipment for maintenance, do isolation (disconnect a piece of equipment from the flow of chemicals by closing valves), look at quality or reliability metrics, and do rounds.
According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.
If the arrow is red, the industry is moving backwards on a metric. While we agree that each of these companies are leaders with significant contributions to the industry, we do not find these companies outperforming when compared against their peer groups on a balanced portfolio of metrics. If the arrow is green, progress was made.
Our recently launched 2021 Logistics Executive Survey aims to seek out the “New Normal of Logistics.” The survey tracks the pulse of the market as logistics operations are emerging from the COVID-19 pandemic to periods of adjustments, redefinition, and eventually a new equilibrium. Importance of Sustainability is Growing in Logistics.
Today’s article is the third part in a series featuring surveys from APQC on supply chain topics including last mile and digital transformation. Per our survey, 64.2 However, sustainability in logistics goes well beyond these initiatives. percent of respondents indicated they re-use the returned item, and sell it “as is.”
We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns. This research was tough work. Does this mean throwing out the baby with the bath water?
Finally, the top 10 list was rounded out safety and metrics. 9 Tactics to Build a Best in Class Manufacturing Safety Program to Impact your Bottom Line: “Over 60% of the CFOs in one survey reported that each $1 invested in injury prevention and manufacturing safety, returns $2 or more. Read Full Post. Read Full Post.
Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. According to a survey by APQC, bottom performers planning costs four times more than top performers ($22.77 Those companies also reduced planning spend. versus $4.84
percent of returns, or $101 billion worth, were fraudulent last year, according to a survey by Appriss Retail and the National Retail Federation. billion worth, the survey found. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5 Retailers estimate 13.7 percent, or $24.5
We also published our third book, Metrics that Matter (available on December 22 nd ) and successfully produced our second Global Summit. As we close the year, our gift to you, the supply chain leader, is the collection of insights embedded in 64 reports from 43 surveys by over 3000 respondents.
Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production. A change to one link (e.g. on-time delivery).
The survey will be open for four more days. So, while I have not heard the responses from the voices on the phone responding to the results from the survey about centers of excellence (I love connecting with supply chain leaders on these types of trends), nor having finished the quantitative research, here are some trends that I am expecting.
The survey will be open for four more days. So, while I have not heard the responses from the voices on the phone responding to the results from the survey about centers of excellence (I love connecting with supply chain leaders on these types of trends), nor having finished the quantitative research, here are some trends that I am expecting.
The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 Of the 12 daily problems drivers – both men and woman — highlighted in the ATRI’s survey, women dealt with 11 of them more frequently than men. percent decrease from 2021.
We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. The better supply chain planning implementations produce tighter and more reliable patterns at this important metrics intersection. Shown in Figure 1 is an example of resiliency.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said.
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