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). Transportation Management Solutions (TMS). Other Uses for AI in the Supply Chain.

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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.

Global Trade Networks: Reaching the Next Level of Supply Chain Performance

Talking Logistics

There’s a growing discussion today about how companies need to look at the various processes that have historically been called supply chain management through a different lens — namely, a global trade network lens. What’s the difference between the traditional supply chain model and a global trade network model? Then take Doug’s recommendation: do an honest assessment of your current supply chain systems and processes.

How to Measure Supply Chain Performance

Material Handling & Logistics

All companies need to employ a performance measurement system to organize and manage their supply chain metrics. The absence of a cohesive framework to house metrics greatly increases the likelihood that a company’s performance measurement system (PMS) will provide inadequate management support, and that resources will be wasted developing duplicative, unaligned and even conflicting metrics. between 10 and 25) that monitor overall corporate 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.

Top Ten Tips to Boost Supply Chain Performance to Best in Class

Logistics Bureau

Here are my top 10 tips to boost your Supply Chain performance towards Best in Class. OK, why do so many organisations struggle with the same old Supply Chain Challenges? I’ve been working in Supply Chain for over 40 years, and consulting for the last 25, and I see many organisations still struggling with the basics. Perhaps the quality of Supply Chain training and education is not what it used to be? Transport Service Selection.

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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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.

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. Transportation Management Syst. Search Supply Chain Videocasts. About the SCDigest and The Supply Channel Television Channel.

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.

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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.

Creating Measurable Value with Transportation Optimization

Descartes

Supply chain optimization software can help identify missed opportunities Optimization technologies are powerful tools for improving supply chain performance; however, most companies leave lots of money on the table when they deploy them.

Why?

Supply Chain Shaman

Supply chain management, as a practice in commercial operations, is now thirty years old. When we look backwards and use the results on corporate financials as a litmus test on supply chain excellence, we find that: We have made Improvements in Productivity. Supply chains have not morphed to manage the complexity at the same cost, quality and level of customer service. 2) Definition of Supply Chain as a Function versus a Way of Doing Business.

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

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.

Apprentice Systems with Attribute Based Planning

Adexa

Attributes are essential elements to define every aspect of a supply chain in as much granularity as needed. Attributes are found in every product, customer, supplier, equipment, tool, distribution center, method of transportation etc. As it can be seen, attributes can define the supply chain in great detail making digitalization a reality. Attribute Based Planning Attributes Digitalization & Machine Learning Supply Chain Performance Management

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. Transport optimization typically reduces spend by 5-15%.

5 More Reverse Logistics Metrics to Track

Cerasis

Across returns supply chains—a core component of reverse logistics—the need to improve performance has never been higher. As explained by Performance Magazine, improvement measurement.read More. Key Performance Indicators Reverse Logistics reverse logistics metrics

Breaking Down the Silos for Transportation Management and Route Planning and Execution

Descartes

One of the biggest opportunities to dramatically improve supply chain performance occurs when traditional supply chain functions are decomposed and reinvented as integrated business processes. Few supply chain practitioners would dispute that notion.

Want a Better Supply Chain? Here Are 4 Reasons to Outsource Your Transportation Management

Talking Logistics

Now more so than ever, corporations understand the tremendous impact logistics and transportation can have on their overall business performance and are taking meaningful strides to optimize their supply chain operations. While some organizations have the human capital, industry depth and expertise, and IT infrastructure to manage their transportation on an insourced basis, a majority do not. The post Want a Better Supply Chain?

Transportation and Logistics Industry Trends of 2014

The Logistics of Logistics

Transportation and Logistics Industry Trends. These trends stand to impact the transportation and logistics industry, with some already taking hold and others unfolding gradually. Supply chain performance will improve, resulting in reduced cycle times and lower costs. . This lays the groundwork for supply chain transformation. . Trend #7 : Transportation & Logistics Training and Education Will Grow. .

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Making the Case for Managed Transportation Services

Transplace

Making the Case for Managed Transportation Services. Survival of the fittest” is the mantra of today’s freight market, as driver shortages, capacity imbalances, federal government regulations and robust economic conditions continue to impact transportation costs. According to ARC Advisory Group, MTS can save shippers between 2% and 10% on transportation spend. What’s the top transportation concern of shippers these days?

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

Cerasis

Supply chain peak season technology aids supply chain leaders in understanding their operations, unlocking insights, reviewing performance, and much more. In conjunction with the rise of e-commerce and ongoing demand for more products, faster service, and better supply chain performance, the entire year begins to take on the characteristics of supply chain peak season which.read More. Supply Chain Technology

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Transportation TIP List: Week of January 6th, 2019

Transplace

Transportation TIP List: Week of January 6th, 2019. Our first TIP List of 2019 includes the latest supply chain trends you need to know as you head into another year in the transportation world. From strategies for improving supply chain performance to the benefits of being a strategic shipper – start off right with some industry projections! Take a look at this guide to use when considering the technology for supply chain operations.

How Analytics Can Help Shippers Combat Rising Intermodal Transportation Costs

Savi

Intermodal Transportation Landscape In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising intermodal transportation costs. These numbers signal a robust year for the transportation sector and the economy in general. Earlier this year, DAT Solutions reported that high demand for transportation raised industry prices, and the load-to-truck ratio increased steadily over the course of 2017.

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. This transportation demands strict control, planning and analysis. Oil and gas industries also suffer from excess exploration costs and fluctuating freight transportation costs, which impacts the product price and puts pressure on logistics management. Logistics Transportation Challenges

What Does “1+1=3” Really Mean with Supply Chain Technology?

Logistics Viewpoints

Stepping Out of Paradigms Dictated by Technological Limitations of the Past One of the biggest opportunities to dramatically improve supply chain performance occurs when traditional supply chain functions are decomposed and reinvented as integrated business processes. Few supply chain practitioners would dispute that notion.

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

Talking Logistics

Maintain Visibility with a Transportation Management System. A good TMS can provide visibility of cross-border shipments all the way through to final delivery, which is critical for any supply chain. As with many aspects of shipping both domestically and internationally, technology can be a great enabler of supply chain performance. Karen started her career having invented the NETSYS Performance tools at NETSYS Technologies, Inc.,

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[WHITE PAPER] Top Trends and Concerns in Final Mile Logistics

Cerasis

Supply chain performance depends on the efficiency of all operations, including both inbound and outbound processes for resellers, third-parties, and other entities. Final Mile Supply Chain White Papers

InSight, InControl: Real-time position and quality monitoring for production material transports

SupplyOn

By combining real-time asset tracking and condition monitoring of production material during transport, you can initiate appropriate countermeasures to keep your production running long before goods receipt. But generally speaking, not even the shipping agent transporting the production material to the nearest port has this information. This is even more true if the transport is intermodal, i.e. where land, air and sea freight are combined.

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

For years, supply chain leaders have struggled to achieve a sophisticated level of supply chain visibility that would drive continuous improvement, optimize spend and reduce risk. The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? Performance Optimization.

This Week in Logistics News (July 20-24, 2015)

Talking Logistics

There was a lot of supply chain and logistics news this week, so let’s go straight to it. Transplace Launches Supply Chain Consulting Practice. LEGACY Supply Chain Services Launches Grader Tool and eBook to Evaluate Supply Chain Performance. Manhattan Associates Reports Record Second Quarter 2015 Performance. and Accelerating Supply Chain Speed and Efficiency with Global Trade Data.

Supply Chain Digest Presents the Best in Supply Chain Content.

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. Transportation Management Syst. Search Supply Chain Videocasts. About the SCDigest and The Supply Channel Television Channel.

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