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.

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.

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

White Paper Supply Chain Performance Management

Supply Chain Digest

Green Supply Chain. Lean Manufacturing/Supply Chai. Parcel Shipping. Retail Supply Chain. Supply Chain Agility/Flexibili. Supply Chain Network Design. Supply Chain Optimization. Supply Chain Risk. Supply Chain Strategy. Supply Chain Visibility. Search Supply Chain Videocasts. Content Being Accessed: White Paper Supply Chain Performance Management.

Story of Harry Planner

Adexa

Based on a true story adopted for illustration of how digitalization can help to minimize the impact of current situation or any supply chain disruption… Harry was a planner at a $550M company making motor parts and shipping them all over the world. He was trying so hard using his spreadsheet to match demand and supply. His friend, Speedy, worked at a slightly larger company, making furniture and other household items, as VP of supply chain.

Top 9 Truckload Shipping Trends for 2019

CH Robinson Transportfolio

Freight volumes (demand) and active supply (trucks, drivers, trains, and containers) seek balance, but often fall somewhere across the balance spectrum. As businesses continue to evolve the structure of their supply chains to be closer to consumption, shorter length of haul leads to faster replenishment. Dedication to a strategy can contribute to differentiating a company’s supply chain performance and customer experience.

11 KPIs to Measure Your Carrier Performance

Freight Center

There are hundreds of metrics you can use to measure your supply chain performance and creating a carrier performance scorecard should be one of them. Measuring carrier performance with the right metrics can ensure that you are getting the best value for your spend, can help you identify opportunities for improvement and helps you determine which carriers are best suited for your business’s needs. Freight Shipping & Logistics

Walmart OTIF Requirements for Suppliers Increases to 98 Percent

Zipline Logistics

According to a memo obtained by Talk Business , “Through SQEP, suppliers will be required to meet Walmart supply chain standards. The retailer aims to improve vendor supply chain processes surrounding: . How to Improve OTIF Performance .

The Best Supply Chain Practices for Remote Locations

PLS Logistics

Many industries rely on a smooth supply chain performance, especially those operations located in remote locations like the oil and gas sector and mining industry. Shipping to and from remote locations is costly and challenging. Here, we explore the biggest shipping challenges and identify the best supply chain practices for businesses in remote locations, specifically the oil and gas (O&G) industry.

Supply Chain Digest Presents the Best in Supply Chain Content.

Supply Chain Digest

Green Supply Chain. Lean Manufacturing/Supply Chai. Parcel Shipping. Retail Supply Chain. Supply Chain Agility/Flexibili. Supply Chain Network Design. Supply Chain Optimization. Supply Chain Risk. Supply Chain Strategy. Supply Chain Visibility. Search Supply Chain Videocasts. About the SCDigest and The Supply Channel Television Channel. Search.

Lean 32

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

These are a la carte, or per service, and outside of standard shipping and receiving. Advanced Planning and Scheduling (APS) — Critical supply chain planning that also accounts for production schedules. Agile — The concept of having a flexible supply chain that allows for quick order fulfillment with short lead times and varying volume. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance.

How is Your Supply Chain Positioned for the Ocean Carrier Mergers?

Talking Logistics

Change is the only real constant when managing global supply chains, regardless of the type of goods or any other supply chain attribute; change is driving your supply chain. The most recent change on the ocean carrier front is the OOCL purchase by Cosco Shipping Holdings and Shanghai International Port Group for $6.3 With an estimated fleet of over 400 ships and 2.9

Sam’s Club Updates Appointment Scheduler and OTIF Standards

Zipline Logistics

It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Download the free white paper to learn more about how data can be used to reduce logistics spend while improving supply chain performance. Many major retailers have created compliance standards and vendor scorecards to monitor supplier performance. Have set ship dates and less variance in transportation.

eBook 40

How to Improve Your OTIF Score: 15 Tips for On-Time and In-Full Delivery

Zipline Logistics

If you have wondered how to improve OTIF and overall supply chain performance, you are not alone. We have a few tips on how to make logistics improvements to increase OTIF performance. These performance programs have been instituted to encourage and ensure suppliers are hitting requested delivery dates. That is a lot of lost revenue, much of which can be attributed to poor logistics performance. Order tracking is critical for managing OTIF performance.

Logistics Strategy Focused on Partnership Proves More Effective

Zipline Logistics

Even the largest shippers have taken note and begun working with 3PLs to create strategic partnerships that accomplish more through the supply chain. Some the country’s biggest CPG brands are leaving the old strategy of transactional shipping behind in favor of strategic logistics partnerships. All successful organizations want to improve supply chain performance while cutting costs.

3PL 40

New Year’s Resolution #1 for Supply Chain Planners: Improve Performance Measurement

Demand Solutions

But regardless of whether you plan to read a book every week, go running every day at 6 AM, or finally put some money in your IRA, I believe the New Year is a perfect time to make some resolutions about your supply chain. Over my next few articles, I’ll share some tips on the kinds of resolutions you can put in place to get your supply chain performance back on track in 2015. And let’s say that we have seven line items in stock and can ship them complete.

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”. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Supply chain cost per unit sold. Your Supply Chain Type.

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.

Peak Freight Preparedness: Creating New Value Through Performance Management

Intelligent Audit

Disruption is the new normal in supply chain management. According to JOC.com , “As the peak pre-holiday shipping season looms over US shippers, businesses are scrambling to secure needed capacity while trying to determine transportation budgets for 2021.

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

Logility

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. When it comes to supply chain metrics, “beauty is in the eye of the beholder.” Often the performance of one function has a direct impact on the performance of another.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

Supply Chain Data Management: Making Data Make Sense for Supply Chain Planning

Logility

Managing the data required for supply chain planning is a bit like raking leaves. The amount of available structured and unstructured supply chain data continues to grow at an exponential rate. In addition, it’s difficult to manage data for a fast-paced, global supply chain, especially considering that 75% of supply chain data originates outside the ERP system. When data is poorly managed and inconsistent, supply chains become inefficient.

How to Capture Full Divestiture Value with a 3PL

Talking Logistics

A divestiture is a major transition that impacts all areas of a business, including supply chain reliability and efficiency. A 3PL provider offers customers with outsourced, or “third party,” logistics services for part or all of their supply chain management functions. Step 3: Develop a Customer-Centric Supply Chain Model. Step 4: Integrate New Model, Review Progress and Improve Performance.

3PL 137

Transportation is the Great Enabler of Supply Chain Excellence

Talking Logistics

I believe transportation is the least complex, yet most critical component of the supply chain. And if that isn’t enough to create a bias, maybe these well-known facts will: transportation costs represent the biggest slice of the supply chain cost pie (nearly 60 percent of every supply chain dollar is spent on transportation), and transportation costs can represent 3-12 percent of revenue or more depending on the product type and industry.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. End-to-end supply chain visibility at the item level leads to a better picture of where inventory is.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart. Blockchain Appears Beyond the Reach of Small Supply Chains Blockchain technology is often associated with large corporations, but it holds value when applied to small and midsize businesses as well. Blockchain Data Supply Chain Technology

Winning strategies to defeat supply chain planning complexity

DELMIA Quintiq

You’ve just been analyzing your supply chain’s performance over the last 2 quarters. You need immediate insights – from people who’ve experienced the same problems in their supply chain planning. With the supply chain planner’s playbook , you’ll have in your possession a trusted guide that combines the expertise of supply chain professionals and industry leaders. Get these insights, tips and strategies, from supply chain leaders.

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.

5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

Completed by the exporter, the bill of lading provides a list of the contents of the shipment, establishes the value of the cargo, and acts as a legally binding document through the shipping process. NAFTA Certificate of Origin – Completed by the exporter, the NAFTA Certificate of Origin (Form 434) certifies that the goods being shipped qualify for preferential treatment under the terms of NAFTA.

Mexico 150

The Top 5 Logistics Technology Trends to Watch

Zipline Logistics

Many think of its application in the supply chain as a one-size-fits-all solution to industry issues; however, that is often a futuristic hope than a current snapshot. . Supply Chain Visibility? .

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

As supply chain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” The discussion of customer-segmented supply chains happens often. Most supply chain planning teams do not know their customers. SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. 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 supply chain visibility.

Vendor Portals in the Supply Chain

TPSynergy

A vendor, or supplier portal, is an interface in which suppliers and other members of the supply chain can easily communicate between each other. A comprehensive portal enables suppliers to automate routine supply chain execution transactions including purchase orders, ship notices and commercial invoices. Due to their complex nature these supply chain practices were usually too sophisticated to automate through machine-to-machine transactions.

Say Customer Service and Mean It

Supply Chain Shaman

In my work with clients, customers bandy about the term “customer-centric supply chain.” The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. What A Customer-Centric Supply Chain Is Not.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

Editor’s Note: The following is an excerpt of a research report published last week , “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation.” The research, produced by Adelante SCM and presented by BluJay Solutions (a Talking Logistics sponsor), was conducted to explore the links between supply chain management innovation, customer experience, technology adoption, and company performance.

How Supply Chain Efficiency Can Cut Costs for Food Ingredient Shippers

Zipline Logistics

Controlling costs in the supply chain is an excellent way for businesses in any sector to find increased profitability, but it is especially true for food ingredient shippers. An effective supply chain strategy that controls costs is crucial because margins for ingredient manufacturers are typically thin. One of the most beneficial ways for shippers to manage costs is to evaluate their supply chains. Analyze Your Supply Chain Network.