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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. MORE
To learn more about the biggest trends shaping the logistics industry today, we reached out to a panel of logistics professionals and asked them to answer this question: “What are the biggest trends in logistics technology?” Read on to learn what our experts had to say about the most important logistics technology trends impacting the industry today. Mobile apps can generate reports and monitor performance metrics. MORE
Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. 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. Business practices have become synonymous with the application and collection of data for continuous improvement. MORE
Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Peppered with real-world examples from across industries, Supply Chain Metrics That Matter reinforces ideas with evidence. MORE
We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. In-Full metrics measure the number of cases ordered against the number of cases delivered. MORE
This post from PINC’s blog highlights six warehouse metrics that all companies should be tracking, monitoring, and acting upon. The post Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore appeared first on Talking Logistics with Adrian Gonzalez. Editor's Pick Guest Commentary Guest Commentary - PINC Solutions Industry Trends Warehouse Management PINC Solutions warehouse management warehouse metrics MORE
Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019. MORE
To help, in this blog post I share industry trends. For each metric we show the averages and the percent change from the beginning and end of the period. Metric Performance for Discrete Industries. Tonight I am writing the Supply Chain Metrics That Matter report on the High-Tech Industry, and the Research in Review for 2015. Metrics cannot be managed in isolation and realistic targets drive career success. 2016 is around the corner. MORE
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. MORE
As a consequence, consumer shopping habits are changing, and new supply chain trends are emerging with them. Individual and Unique: The Trends Driving the Consumer Market. Large stores are seeing failing metrics for this reason. These new supply chain trends require superior supply chain management : the ability to easily track supply and demand through vastly different audiences and produce accurate forecasts and projections. Generation Z is coming of age. MORE
The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today. Today’s post focuses on Sales metrics only. By time period for trends – weeks, months. Basic Sales Metrics. MORE
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. Supply Chain Insight’s look at four key Semiconductor companies and two key HDD companies indicates these inventory issues are not the result of poor inventory management but rather an industry trend. by CJ Wehlage. MORE
We see three mega trends that are driving both growth and interest in the industry. Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H. Market Trends Technology MORE
The first step in the journey is to analyze balance sheet results and understand industry trends. 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. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter. MORE
Current industrial manufacturing trends show the new administration is pushing for reshoring among the nation’s biggest manufacturers, and new technologies are revolutionizing how companies respond to growing skepticism and scrutiny by the public and government oversight as well. The "First Five" Industrial Manufacturing Trends of 2017. This will lead to the creation of more metrics and business-intelligence tools to help improve manufacturing operations. MORE
Retail trends. Omnichannel may not be one of the sexiest digital transformation trends in retail — but it is definitely the most necessary.”[3]. Though this can be done in-store, it is much easier to track customer behavior on the internet because we can analyze more customers and more metrics. Just because something is trending, doesn’t mean it’s new. Most of the trends discussed above have been around for a while. MORE
When comparing business metrics , there are four primary types of benchmarking to consider: Internal benchmarking measures improvements that can be made to a business process or function internally and within the organization. Generic benchmarking provides a common basis of comparison using foundational metrics or unrelated business processes and functions that can be practiced in the same or similar ways independent of industry. MORE
Aside from the new administration, Amazon’s supply chain continued push deeper into new and existing markets will define additional trends in the supply chain throughout the coming year. Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market. Top 5 Trends to Know to Compete with Amazon’s Supply Chain. Upon identifying these trends, a correct forecast of supply demands can be generated. MORE
Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Consider unreimbursed freight as an early warning signal, and then use these other metrics to pinpoint the sources of the problems. Choosing Metrics. MORE
Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. Learn the Landscape, trends, types, & applications. What Top Supply Chain Trends Can We Look Forward to in 2018. Supply Chain TrendsSupply chain leaders will face 2018 with uncertainty and opportunity. MORE
Using Metrics to Measure Quality. 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. QAD Cloud ERP includes built-in metrics to monitor supplier quality and delivery performance and makes it easy to share performance and trend information with each supplier. Choosing Metrics. MORE
More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices MORE
The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track. MORE
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. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics. MORE
Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. If you are measuring your own DIFOT scores as a distributor, you can use the metrics to promote your own success and ability to fulfil demand. MORE
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. In addition, we enriched the data lake with 20 market indexes on cost, growth and market trends. ” Note the trend of supply chain planning implementations having a positive impact on supply chain resiliency. Correlations Between Survey Factors and Financial Metrics. Shifting Trends. MORE
And, while the first quarter findings may be the result of a measurement issue, multi-year trends show labor productivity growth much slower than our competitors. Twitter The post Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete appeared first on Freight Logistics Company | Cerasis. MORE
In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. MORE
3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Customer Service Levels : When it comes to how a shipper defines the value of a logistics provider or 3PL to the bottom line, there are often several Key Performance Indicators (KPIs) and Logistics Metrics taken into consideration. View our Trends Category to stay up to speed. . MORE
It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels. The absolute measure is less informative than the trend in the metrics. Watch the trends and dig deep to find the causes. MORE
We see three mega trends that are driving both growth and interest in the industry. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H. Market Trends Technology MORE
Perfect order fulfillment is one of the most important metrics for any supply chain. Data-driven logistics makes it possible to alter logistics based on behavior patterns, seasonal activity, and other trends. How responsive is your organization's supply chain management? Is it able to resize itself on-the-fly to account for fluctuations in demand? Or is it required to run at a baseline of operations in order to be able to fulfill sudden increases? MORE
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. MORE
When comparing business metrics , there are four primary types of benchmarking to consider: Internal benchmarking measures improvements that can be made to a business process or function internally and within the organization. Generic benchmarking provides a common basis of comparison using foundational metrics or unrelated business processes and functions that can be practiced in the same or similar ways independent of industry. MORE
The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. As I wrote about this concept, and worked with Abby Mayer ( @indexgirl ) to write the Supply Chain Metrics that Matter series of reports, I discovered more on the depth of the complexity. I wanted to better understand which metrics truly mattered. The Metrics That Matter Are Different by Industry Sector. MORE
This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. When determining the metrics required for any business process, the first question you need to ask yourself is, “What are the business goals of the process?” The metrics you choose should answer the questions your organization is asking, without requiring additional analysis. MORE
SupplyPike
APRIL 7, 2020
We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. We are only covering Supplier Accountability OTIF metrics. In-Full metrics measure the number of cases ordered against the number of cases delivered.
QAD
JUNE 25, 2019
It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels. The absolute measure is less informative than the trend in the metrics. Watch the trends and dig deep to find the causes.
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Supply Chain Movement
DECEMBER 8, 2014
Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Peppered with real-world examples from across industries, Supply Chain Metrics That Matter reinforces ideas with evidence.
Cerasis
JUNE 14, 2017
The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.
Kinaxis
JUNE 22, 2015
This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. When determining the metrics required for any business process, the first question you need to ask yourself is, “What are the business goals of the process?” The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.
Talking Logistics
JULY 16, 2019
This post from PINC’s blog highlights six warehouse metrics that all companies should be tracking, monitoring, and acting upon. The post Editor’s Pick: 6 Warehouse Metrics You Can’t Afford to Ignore appeared first on Talking Logistics with Adrian Gonzalez. Editor's Pick Guest Commentary Guest Commentary - PINC Solutions Industry Trends Warehouse Management PINC Solutions warehouse management warehouse metrics
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IQMS
MAY 1, 2018
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.
AIMMS
FEBRUARY 20, 2015
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.
Silvon Software
JUNE 11, 2020
The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today. Today’s post focuses on Sales metrics only. By time period for trends – weeks, months. Basic Sales Metrics.
QAD
MARCH 28, 2019
Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Consider unreimbursed freight as an early warning signal, and then use these other metrics to pinpoint the sources of the problems. Choosing Metrics.
Cerasis
JUNE 4, 2015
In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. In today’s post, Chuck will take it a step further and break down metrics and issues to look out for by 5 main industries: Pharmaceuticals. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.
|
Unleashed
SEPTEMBER 22, 2019
Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. If you are measuring your own DIFOT scores as a distributor, you can use the metrics to promote your own success and ability to fulfil demand.
Cerasis
MAY 12, 2016
Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. 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. Business practices have become synonymous with the application and collection of data for continuous improvement.
IQMS
NOVEMBER 29, 2018
Bottom Line: The top 10 manufacturing trends reflect how manufacturers are planning to achieve their goals of revenue growth, operational improvements, digital transformation, and launching new products and services in 2019.
PLS Logistics
OCTOBER 15, 2019
More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices
Cerasis
FEBRUARY 9, 2017
Current industrial manufacturing trends show the new administration is pushing for reshoring among the nation’s biggest manufacturers, and new technologies are revolutionizing how companies respond to growing skepticism and scrutiny by the public and government oversight as well. The "First Five" Industrial Manufacturing Trends of 2017. This will lead to the creation of more metrics and business-intelligence tools to help improve manufacturing operations.
Cerasis
JANUARY 23, 2018
Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will influence operations in the coming year. Learn the Landscape, trends, types, & applications. What Top Supply Chain Trends Can We Look Forward to in 2018. Supply Chain TrendsSupply chain leaders will face 2018 with uncertainty and opportunity.
QAD
JULY 23, 2020
When comparing business metrics , there are four primary types of benchmarking to consider: Internal benchmarking measures improvements that can be made to a business process or function internally and within the organization. Generic benchmarking provides a common basis of comparison using foundational metrics or unrelated business processes and functions that can be practiced in the same or similar ways independent of industry.
Enterra Insights
JANUARY 14, 2019
Retail trends. Omnichannel may not be one of the sexiest digital transformation trends in retail — but it is definitely the most necessary.”[3]. Though this can be done in-store, it is much easier to track customer behavior on the internet because we can analyze more customers and more metrics. Just because something is trending, doesn’t mean it’s new. Most of the trends discussed above have been around for a while.
DynaSys
DECEMBER 11, 2018
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.
Kinaxis
AUGUST 29, 2014
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. Supply Chain Insight’s look at four key Semiconductor companies and two key HDD companies indicates these inventory issues are not the result of poor inventory management but rather an industry trend. by CJ Wehlage.
QAD
JULY 23, 2020
When comparing business metrics , there are four primary types of benchmarking to consider: Internal benchmarking measures improvements that can be made to a business process or function internally and within the organization. Generic benchmarking provides a common basis of comparison using foundational metrics or unrelated business processes and functions that can be practiced in the same or similar ways independent of industry.
QAD
APRIL 25, 2019
Using Metrics to Measure Quality. 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. QAD Cloud ERP includes built-in metrics to monitor supplier quality and delivery performance and makes it easy to share performance and trend information with each supplier. Choosing Metrics.
Supply Chain Shaman
MARCH 28, 2016
The first step in the journey is to analyze balance sheet results and understand industry trends. 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. Analysis of Performance and Improvement by Industry on the Supply Chain Metrics That Matter.
TMC
JULY 10, 2018
We see three mega trends that are driving both growth and interest in the industry. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H. Market Trends Technology
Cerasis
FEBRUARY 6, 2017
Aside from the new administration, Amazon’s supply chain continued push deeper into new and existing markets will define additional trends in the supply chain throughout the coming year. Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market. Top 5 Trends to Know to Compete with Amazon’s Supply Chain. Upon identifying these trends, a correct forecast of supply demands can be generated.
Supply Chain Shaman
DECEMBER 15, 2015
To help, in this blog post I share industry trends. For each metric we show the averages and the percent change from the beginning and end of the period. Metric Performance for Discrete Industries. Tonight I am writing the Supply Chain Metrics That Matter report on the High-Tech Industry, and the Research in Review for 2015. Metrics cannot be managed in isolation and realistic targets drive career success. 2016 is around the corner.
TMC
JULY 10, 2018
We see three mega trends that are driving both growth and interest in the industry. Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions. The post Three Mega Trends Driving Supply Chain Transformations appeared first on Connect Blog by TMC, a division of C.H. Market Trends Technology
AFFLINK
NOVEMBER 19, 2019
As a consequence, consumer shopping habits are changing, and new supply chain trends are emerging with them. Individual and Unique: The Trends Driving the Consumer Market. Large stores are seeing failing metrics for this reason. These new supply chain trends require superior supply chain management : the ability to easily track supply and demand through vastly different audiences and produce accurate forecasts and projections. Generation Z is coming of age.
AFFLINK
MARCH 27, 2019
Perfect order fulfillment is one of the most important metrics for any supply chain. Data-driven logistics makes it possible to alter logistics based on behavior patterns, seasonal activity, and other trends. How responsive is your organization's supply chain management? Is it able to resize itself on-the-fly to account for fluctuations in demand? Or is it required to run at a baseline of operations in order to be able to fulfill sudden increases?
Supply Chain Shaman
SEPTEMBER 4, 2017
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. In addition, we enriched the data lake with 20 market indexes on cost, growth and market trends. ” Note the trend of supply chain planning implementations having a positive impact on supply chain resiliency. Correlations Between Survey Factors and Financial Metrics. Shifting Trends.
Supply Chain Shaman
APRIL 25, 2013
The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. As I wrote about this concept, and worked with Abby Mayer ( @indexgirl ) to write the Supply Chain Metrics that Matter series of reports, I discovered more on the depth of the complexity. I wanted to better understand which metrics truly mattered. The Metrics That Matter Are Different by Industry Sector.
Cerasis
JULY 1, 2015
And, while the first quarter findings may be the result of a measurement issue, multi-year trends show labor productivity growth much slower than our competitors. Twitter The post Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete appeared first on Freight Logistics Company | Cerasis.
6 River Systems
APRIL 4, 2019
To learn more about the biggest trends shaping the logistics industry today, we reached out to a panel of logistics professionals and asked them to answer this question: “What are the biggest trends in logistics technology?” Read on to learn what our experts had to say about the most important logistics technology trends impacting the industry today. Mobile apps can generate reports and monitor performance metrics.
Supply Chain Shaman
MARCH 6, 2015
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. Metrics Matter. Most organizations are far more comfortable with functional than corporate metrics.
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