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.

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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.

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.

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.

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. All too often supply chain leaders are good at high level vision, but weak at connecting the vision to execution.

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

The Top Finance Supply Chain KPIs to Measure for Shippers

Intelligent Audit

In the supply chain, it’s easy to get overwhelmed by data. In doing so, part of the battle comes down to the executability of finance supply chain KPIs. Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics.

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.

The Sensing + Intelligent + Social Supply Chain: How can you achieve it?

Kinaxis

by Trevor Miles The Result is Faster and More Effective End-to-End Supply Chain Management. In my first two blogs on this topic, I explained how supply chain management is a collective activity. With growing globalization and complexity, it is becoming more important than ever that your supply chain has all of these aspects. But today’s environment of modular, functional supply chain planning is failing to provide that view.

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.

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.

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.

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.

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.

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.

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.

The “Rights” and “Mores” of Supply Chain Execution

Talking Logistics

Whether you’re talking about the Amazon Effect and the rapid growth of e-commerce, the changing global trade management landscape, or what’s happening on the technology front, it’s clear that the rules for success in supply chain management are changing. The Six “Rights” of Supply Chain Execution. Chief Supply Chain Officers must manage each of these functions to ensure end-to-end supply chain performance. Supply Chain “Mores”.

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.

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.

Automation in the Supply Chain and Its Impact on Scalability

Veridian Solutions

Automation is coming of age in the supply chain. Where supply chain leaders once viewed automation capabilities as science fiction fantasy, automation’s real-world applications are becoming evident. As explained by David Welch of Supply Chain 24/7, part of the reason for interest in automation in the supply chain derives from the continuous threats of Amazon and e-commerce and retail giants like Walmart and Target.

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.

Sales and Operations Alignment: Often The Missing Link

Supply Chain Shaman

I first met Shane in 2007 at the beginning of his work with Syngenta’s value chain. Seldom do I see a commercial leader transition to supply chain, and I wanted to gain his insights. In 2007, Shane Emms was asked to take a Global Supply Chain leadership assignment at Syngenta. With a career in marketing, and very little understanding of supply chain, he was afraid that his new team would ask, “What does this guy know?” Digital Supply Chain.

Supply Chain Technology Roundup: IoT and 3D Printing

Elementum

million units of 3D printers are expected to be shipped worldwide by 2020. Implications on Manufacturing and the Supply Chain. Moreover, the use of cloud computing and data analytics gives live updates on the location of trucks or shipping containers, in addition to providing fodder for predictive models of delivery information. Digital Supply Chains. The global supply chain survey report identified three key activities in relation to this concept.

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.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

The success of your business links inextricably to the performance of your supply chain. you have to make your supply chain successful too. Supply Chain and Business Success By the Numbers. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. The Top 7 Supply Chain Points to Address for Business Success. .

Machine Learning in Supply Chain Planning

Logility

The evolution to using artificial intelligence and machines that learn in supply chain planning is inevitable. In fact, there are early examples of the potential of AI to improve both supply chain planner efficiencies and provide better or optimized supply chain decisions. Still typing “Machine Learning AND Supply Chain Planning” into Google delivers more 16,000 results in less than half a second. Are we ready?

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.

Internet of Things (IoT) in the supply chain – a jolt of creativity required?

DELMIA Quintiq

A tire manufacturer supplying to the mining industry provided a similar example of sensors reading and reporting on tire thread status. IoT is supposed to be about devices talking to, and informing each other of what is happening, so that each device in the chain can assess its status and inform other devices of the need to do something, should that self-assessment come back negative. Each delayed ship loses its spot and gets sent to the back of the queue.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

What is Supply Chain Optimization? Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. What does supply chain optimization involve?

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

What is supply chain optimization? Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. What does supply chain optimization involve?

Pharmaceutical Supply Chains Need Supply Chain Visibility Tools

Savi

Pharmaceutical supply chains demand end-to-end visibility The pharmaceutical industry is a huge global business with an intricate supply chain that demands visibility and transparency. Adding to the complexity, partners may own entire segments of the value chain, making effective supply chain management seem almost impossible to achieve. Avoid supply chain disruption As the saying goes, the one constant is change.

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.