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.

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based Is this kind of performance too good to believe? Can you imagine your supply chain planning team being able to pull this off?

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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). AI-based applications can extract data from multiple sources and provide answers in seconds.

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.

Question and Answer ? Accelerate Supply Chain Performance Using Advanced Analytics

Logility

On the recent webcast, Accelerate Supply Chain Performance Using Advanced Analytics , I had the pleasure to speak with a leading authority in analytics, Bill Panak, Vice President, Data Science, Halo Business Intelligence. We explored how to harness and analyze new data sources to boost business planning and transform this information into actionable insights that can accelerate your supply chain and retail planning initiatives.

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.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains. To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics.

Ingredients of Supply Chain Digitalization

Adexa

Now a days almost every company is thinking of supply chain digitalization. Digitalization requires a digital twin of your supply chain, i.e. a digital representation of the physical world. Accurate model of supply chain is a must.

Resiliency of Your Supply Chain – And How to Improve it.

Adexa

Covid-19 has been a good lesson for most companies to bring to surface the vulnerability of their supply chains. In addition, companies face supply chain issues due to demand fluctuations, supply disruptions and transportation issues almost on a day to day basis.

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BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Performance.

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.

Measuring Up?

Supply Chain Shaman

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. Today, more mature supply chain teams focus on delivering value. While companies want to improve supply chain performance and drive value, it is easier said than done. It usually takes at least three years for a supply chain to make an impact on financial balance sheet results.

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. Sourcing.

The Fight of the Titans

Supply Chain Shaman

Supply chain leaders are competitive. The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Now in 2018, we are starting to see the evolution of “Gods” with new business models that are redefining supply chain processes. Yet, the Titans, the first generation of supply chain super powers, continue to battle competitors.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

Today, I am proud to launch the Supply Chain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The Supply Chain Index has been two years in the making. As I sat at my kitchen table, I reviewed spreadsheet after spreadsheet of corporate performance data on supply chain financial ratios.

White Paper Supply Chain Performance Management

Supply Chain Digest

Green Supply Chain. Lean Manufacturing/Supply Chai. 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. You are trying to access premium content, available only to Supply Chain Digest subscribers (usually free).

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.

Adexa IBP, Why So Unique!

Adexa

However most companies, if not all, who offer only S&OP solutions have no capability to produce short term plans which are accurate enough for execution, they have no factory planning capability, most have no capability to perform true ATP/CTP, and cannot integrate with PLM and MES to be able to produce real-time response to events. The higher levels perform search and optimization at the supply chain network level creating guide posts for the lower levels of planning.

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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

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.

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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

Time for a Mea Culpa?

Supply Chain Shaman

For most companies today there is great room for improvement in the supply chain. Companies want a supply chain that is more aligned and agile. Current State of Supply Chains. On the 9th of April, I went to see a supply chain leader that spoke of how a “tightly integrated” global supply chain was making things worse for him. Supply chain matters more, but it is understood less and less.

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?

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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.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. Supply chain cost reductions are assured using this approach.

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.

Gartner Study Identifies Supply Chain User Wants and Needs

ToolsGroup

Source: 2017 Gartner Supply Chain Technology User Wants and Needs Study, Dwight Klappich. The annual Gartner Supply Chain Technology User Wants and Needs Study, now its tenth year, is one of this industry's most comprehensive studies of supply chain users. Here are some key questions it answered: Does supply chain maturity matter? 90% of high maturity companies (stage 4 and stage 5) report supply chain leadership ahead of their peers.

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The Sensing + Intelligent + Social Supply Chain: Why do you need it?

Kinaxis

by Trevor Miles For Global Supply Chain Visibility and Faster Decision Making. My earlier blog talked about what the Sensing + Intelligent + Social Supply Chain is. If you’re experiencing supply chain pain points around lack of visibility, slow decision making, or poor collaboration, these may be the symptoms that will help answer that question. But, most companies still had supply chains that were almost entirely housed within their own four walls.

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 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. Optimal Network Sourcing Analytics.

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?

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

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. Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver.

Supply Chain Centers of Excellence: Don’t Overlook Technology

Kinaxis

by Bill DuBois In today’s networked global marketplace, organizations increasingly see supply chain performance as a source of sustainable enterprise vitality and competitive advantage. To ensure a long-term strategic perspective that goes beyond the routine execution of supply chain tasks, Supply Chain Centers of Excellence (CoE) have become a more common tool companies use to drive innovation and best practices.