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.

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.

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.

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.

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.

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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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.

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. Warehouse Management and Transportation Management were in their infancy. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed.

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.

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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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.

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?

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.

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.

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.

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. Load Planner: The holder of this post oversees the loading of customer’s orders into trucks and also plans transport routes. Transport Administrator.

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

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?

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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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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.

Supply Chain Consulting

LeanCor

Supply Chain Consulting: Distribution Network Design Case Study. The client turned to LeanCor to conduct a supply chain consulting project that developed an optimized logistics network. RASCI to show which facilities should perform which functions. Deliverables for the supply chain consulting project included a current state overall validation. The supply chain consulting project resulted in an estimated $3.7

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.

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.

New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

These consumer products global leaders paved the road for supply chain excellence by defining new supply chain practices. Today, each leader wants to take their empowered team to new supply chain heights. At Supply Chain Insights, we published a report card yesterday. The report analyzes supply chain performance and improvement by the Consumer Products Leaders in the period of 2006-2014. Definition.

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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

Is There a Third Option for SCM Executives Looking to Revamp their Supply Chain Management Operations?

Kinaxis

Consulting firms deliver strategy and process improvements, but leave the customer to execute and sustain the new process, while software companies sell new supply chain capabilities without executing and driving its adoption. The case for working with a strategic partner that can go beyond implementing a new tool and designing new processes to actually drive, execute and sustain a company’s supply chain has arrived. appeared first on The 21st Century Supply Chain.

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Supply Chain Consulting

LeanCor

Supply Chain Consulting Case Study: Food and Beverage Network Optimization. Designing an optimal supply chain network moving raw material from supplier to delivery of the finished product to the end customer with minimum waste. Distributing its food products through three different divisions had created a complex supply chain network for a food and beverage manufacturer. Click here to learn about our supply chain consulting solutions.

5 Easy-to-Use Ways to Monitor Supply Chain Health

Talking Logistics

Is the current performance of your supply chain network optimal? How do you gauge network performance, which numbers are important to you and what do they mean? Here are five supply chain basics that every manager can analyse on an ongoing basis to keep tabs on the health of their supply chain networks. Metrics show how your supply chain is performing – providing they are the right ones to do the job.

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