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.

How Artificial Intelligence is Boosting Supply Chain Performance

Logistics Bureau

A slew of new digital technologies is disrupting supply chain operations, but none is having more of an impact on the industry than artificial intelligence (AI). Procurement Communications. Other Uses for AI in the Supply Chain.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance, also makes it very difficult to track supplier performance.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance also makes it very difficult to track supplier performance.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Supply Chains By the Numbers

Supply Chain Shaman

When 2015 rolls in, for me, it will mark a decade of quantitative research focused on understanding the evolution of supply chain management. Insights on Supply Chain Organizations. In the early years, there were no supply chain organizations. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation. It is my 300th blog post on the Supply Chain Shaman.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

However, did you know there are enough lead time problems lurking in your current supply chain operations that go completely unnoticed? These are the “knowable unknowns” that can hurt your supply chain performance. Over the years, I have partnered with a number of customers across a variety of industries as part of their supply chain planning transformation journey. The post Supply chain risks: The knowable unknowns that can hurt your supply chain!

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 215

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.

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.

Supply Chain Priorities: Seven Things That Matter Most

ToolsGroup

A recent Gartner study, conducted annually, sheds some light on what matters most to top executives in supply chain technology. I attended the Supply Chain Technology User Wants and Needs Study delivered by Dwight Klappich at the Gartner Supply Chain Executive Conference two weeks ago in London, where he laid out Gartner’s latest findings about the things that matter most in supply chain performance. Supply Chain Planning

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

The truth be told, the supply chain management profession is extremely broad and the range of jobs in the industry is vast. Supply Chain Planner: A manager whose main responsibility is to analyse a company’s supply chain performance.

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year. What 2016 Supply Chain Trends to you expect to see? But, Wait.What is the Digital Supply Chain?

Trends 192

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

UAE 198

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! This was my first experience with Outsourcing, or what I refer to as “Supply Chain as a Service” (SCaaS). Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. It’s time to recognize Supply Chain as a Service (SCaaS)! Subscribe Here!

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.

Supply Chain Analytics

o9 Solutions

Analytics Driven Control Tower to Align Supply Chain Policies to Business Strategies and Market Needs. Top Reasons Organizations are Upgrading their Supply Chain Analytics Capabilities. Ability to answer real demand and supply change what-ifs. Increase productivity, automation and speed in the supply chain planning process. Move from unit centric to financially smart supply chain planning. Solutions Supply Chain Management.

Evaluating Supply Chain Transformation

Enterra Insights

The new year is also a good time for supply chain professionals to evaluate how their value chains need to transform in the months and years ahead to meet changing business conditions, such as the recent coronavirus outbreak. I believe most professionals will discover their supply chains need to become more agile. ” If you’re not supply is not agile, it will fail to make the grade. Supply chain risks?

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During During the last two months, we have been interviewing supply chain leaders to get their views on the methodology. Background on the Supply Chain Index.

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. In financial reengineering, some companies wrongly focus on cash-to-cash performance.

When Cupid’s Arrow Hits the Supply Chain

OneSCM

Cupid’s work isn’t done alone, however – he requires a little help from the supply chain. Flowers, candy, cards, jewelry and other gifts exchanged all have one thing in common: they require companies to seamlessly integrate their supply chain operations in order to deliver goods in time. This delicate supply chain requires special attention to ensure product quality and timeliness of delivery. Globalization Supply Chain Efficiency

Why Most Supply Chains Need an Upgrade and What to Look for in a Solution

OneSCM

For mid-market companies still using manual supply chains, especially in Procurement/AP operations, now is a fantastic time to consider automating these time-consuming and error-prone practices. Supply Chains Will Experience a Dramatic Shift. For example, a recent Deloitte study , “Charting the course: Why procurement must transform by 2020,” shows that procurement organizations are experiencing a dramatic shift that the study calls “eye-opening.”

eBook 150

6 Ways to “Refresh” Your Supply Chain Operations: Part III

OneSCM

Delighting the customer should be every organization’s goal, and “good enough” supply chain performance will no longer do in today’s competitive environment. Recognizing that one size does not fit all, supply chain segmentation routes customers along a specific path according to their different pain-points, needs, priorities and profitability. The post 6 Ways to “Refresh” Your Supply Chain Operations: Part III appeared first on TAKE Supply Chain.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Following COVID-19 the global chemical supply chain market reported a severe decline in output. Overcoming these challenges, regional chemical manufacturers and suppliers are now forced to rethink and readjust their global supply chain model. The answer – supply chain integration. Collaboration amongst partners is essential to address challenges, ranging from demand-supply volatility to fulfilling orders on time.

Preparing Your Business for the Digital Supply Chain

Oracle SCM

By Mike Mortson , CEO, Supply Chain Game Changer. Supply chain professionals are hiking their spending on supply chain innovation—substantially. Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. Certainly, they recognize that the digital supply chain is the future—that everything around us is either digitized or will be digitized.

Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. In a previous role, I was involved very early in what we deemed a ‘Supply Chain Performance Management’ software startup. Events Oracle Supply Chain Management Supply Chain Management Supply Chain Planning

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

How can you tell if your Supply Chain is broken? Certainly there can be obvious clues: your CEO starts firing and hiring people, consultants are brought in, customers start leaving, or operating and financial performance suffers. But before the situation gets to those extremes what are the clues that your Supply Chain is not working as well as it could, or should? That makes Supply Chain a very important part of a company. Subscribe Here!

How Machine Learning Is Redefining Supply Chain Management

IQMS

Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Discovering new patterns in supply chain data has the potential to revolutionize any business. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

Health Check Your Supply Chain for Inefficiencies

Talking Logistics

Even in 2019 many companies still underestimate the importance of their global supply chain and above all, how their logistics and supply chain performance can beneficially impact their marketing, ultimately leading to healthier financial results. Driven by customer demand, organizational changes and issues, a focus on sales, customer retention, globalization and other time-consuming challenges, companies are being steered away from supply chain innovation.

Rockwell Automation: A Case Study in Supply Chain Excellence

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). In 2018, Rockwell Automation won the Supply Chains to Admire Award. To understand the journey, we interviewed Ernest Nicolas, head of the global supply chain at Rockwell to gain insights.

Supply Chain Risk Management Forum 2016

Supply Chain Movement

Supply Chain Risk Management Forum. URL: www.bisgrp.com/portfolio/conferences/other/supply-chain-risk-management-forum. Optimizing Supply Chain Operations while Minimizing Vulnerability and Achieving Resilience through Supply Chain Visibility. Attendees will hear how companies are using their SCRM as a tool to improve organizational performance, avoid disruptions, minimise risk exposure and increase ROI.

Contrary to Reality, Supply Chain Collaboration Shouldn’t Be Complicated

OneSCM

Why You Need a True Supply Chain Orchestration Engine Powering Your ERP. Every supply chain can benefit from an orchestration platform that provides the following capabilities: Multiple integration options to directly connect your business systems with your external suppliers; A workflow and messaging engine that can map to your existing business processes; and. Level of supply chain technology support.

SCM 207

6 Ways to “Refresh” Your Supply Chain Operations: Part III

OneSCM

Delighting the customer should be every organization’s goal, and “good enough” supply chain performance will no longer do in today’s competitive environment. Recognizing that one size does not fit all, supply chain segmentation routes customers along a specific path according to their different pain-points, needs, priorities and profitability. Our TAKE Supply Chain Efficiency

Supply Chain Peak Season Technology: Are Your Systems Updated & Ready?

Veridian Solutions

Supply chain peak season technology aids supply chain leaders in understanding their operations, unlocking insights, reviewing performance, and much more. Signs Your Systems Are Ill-Equipped for Supply Chain Peak Season. When supply chain systems lack efficiency, problems began to arise. Uncertainty about how your current operation performs, i.e., a lack of data. Supply Chain System Alphabet Soup and Its Value.

Jobs and Career Paths in Supply Chain and Logistics

Logistics Bureau

Are you fresh out of college or university and planning to enter the supply chain or logistics profession? Perhaps you are considering a mid-career move into the supply chain theatre. 81% of young professionals working in supply chain say that it was the right career choice. Source: Council of Supply Chain Management Professionals 2017 Survey. Types of Job in Supply Chain and Logistics. Supply Chain Planning.