Supply Chain Shaman

OCTOBER 25, 2013

It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. A chemical company just should not be compared to a high-tech company using this methodology. And, recently, Procter & Gamble is more focused on improving inventory turns. .” As I shuffle along, I am not sure.

Gartner 258

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 258

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 242

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 242

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. Prior to joining Starbucks, he worked at the executive leadership level in Europe, Latin America and North America at ICI, a global chemical company. How do you define the metrics that matter?

Procurement Analytics 261

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 261

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Hazardous freight is the most likely to get “rolled” at the dock.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 303

Supply Chain Shaman

JUNE 19, 2013

The chemical and consumer electronics industries have made the most progress. It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. Balance Remains an Issue.

Forecasting 273

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 273

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. He received his Ph.D.

S&OP 290

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 290

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” Aligning metrics matters. Functional metrics in isolation degrade value.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 256

Logistics Viewpoints

AUGUST 15, 2022

This will almost surely lead to high cycle times in fulfilling orders, the inability for both to production plan, inventory shortages or delivery disruptions caused by delays, and/or high inventory safety stocks and costs due to poor supply order management. For benchmarking metrics to be valid, they need to be based on a large sample.

Supply Chain Network Software 314

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 314

Logility

JUNE 28, 2017

Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) Chemical manufacturers faced with shrinking margins must put the right product in the right location at the right time. can vary from lot to lot.

Chemicals 100

Chemicals Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 100

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Supply Chain Shaman

MARCH 5, 2019

The focus is on functional metrics, but are unable to get to overall supply chain metrics. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. As shown in Figure 3, companies struggle to get data to make decisions.

Supply Chain Design Software 308

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 308

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. inventory turns. for inventory turns define best-in-class performance?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. Traditional heavy industries, such as oil, gas, chemicals, and advanced materials will navigate major cost challenges resulting from a significantly reduced demand. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 270

Case Study Inventory Reduction Study Agile and Lean Supply Chain 270

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). As a result, when the spreadsheet is sorted, a chemical company is stack-ranked against a retail player, and a high-tech company against a food distributor. Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Why Do I Think This? .

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Shaman

FEBRUARY 23, 2017

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. This trend was characteristic of the chemical industry. Inventory Turns.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 156

Logility

AUGUST 17, 2016

Chemical manufacturers are faced with shrinking margins and cannot afford to put the wrong product in the wrong location at the wrong time. Aligning and integrating key performance metrics across the extended supply chain can be difficult. Inventory tends to be a very visible supply chain cost to senior management.

Material Savings 100

Material Savings Inventory Reduction Expense Reduction Resource Reduction 100

Supply Chain Shaman

JULY 22, 2019

It is not as simple as trading-off inventory, cost, and customer service. In the Supply Chains to Admire analysis, the focus is to understand the relative performance of a company within a peer group of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Target Setting. My goal is to help drive alignment.

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 257

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

SEPTEMBER 9, 2015

It is for this reason, that we analyze the patterns of the Metrics That Matter using orbit charts over the period of 2006-2014. The analysis is designed to analyze supply chain leader success on a portfolio of metrics. Nine out of ten are stuck unable to make improvements in these Supply Chain Metrics That Matter.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain 150

Supply Chain Shaman

MAY 17, 2015

Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. The supply chain is a complex system and these metrics are tightly linked in non-linear relationships. Figures 4A and 4B: Orbit Charts in Pharma and Chemical Industries.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

Supply Chain Shaman

FEBRUARY 13, 2013

Consumer packaged goods (CPG), food and chemical manufacturers are stuck and pharmaceutical and industrial companies are losing ground and moving backwards. If the definition is the balancing of costs and inventory, the winner is Colgate. 18, a ROA average of 9.5%, an average number of days of inventory of 65 with a growth rate of 7%.

Pharmaceutical 234

Pharmaceutical Inventory Reduction Cost Reduction Strategies United States 234

RFgen

DECEMBER 19, 2024

Modern data collection is fundamentally supported by advanced specialized sensors that serve as the primary tools for gathering various metrics in manufacturing environments. Here’s a breakdown of the key data types: Production Metrics: These tell you how much you’re producing and how efficiently.

Manufacturing Procurement 98

Manufacturing Procurement Optimization Software Supply Chain Planning Software Inventory Reduction 98

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Hazardous freight is the most likely to get “rolled” at the dock.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Much of the inventory on the ships at sea will miss the essential seasonal windows. Hazardous freight is the most likely to get “rolled” at the dock.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

MAY 13, 2015

Forty years ago as a chemical engineering student, I learned the tedious craft of chemical plant design. Getting good at factory design is a merit badge of sorts for the chemical engineer. Getting good at factory design is a merit badge of sorts for the chemical engineer. In this position, we designed real-world plants.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

The Logistics & Supply Chain Management Society

MAY 28, 2022

With uncertainty a guarantee in the year ahead, leaders are realising the need to adopt applications that will improve visibility into demand and inventory, as well as tools that can help them model and simulate “what if?” Risk planning and technology utilisation. The effort will absolutely pay off. Building capability and consistency.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. In our work with pharmaceutical companies, most executives wince when we mention inventories. However, most do not realize that the Days of Inventory for the industry has grown 33%. It is rising inventory levels. What Can We Do?

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). We are also working on Sales and Inventory Operations Planning (S&IOP). Securing our inventory are emerging as risks and opportunities. We are on the journey.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Shaman

AUGUST 2, 2017

The average company has seven S&OP processes, but a global chemical company averages over 30. Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Form and Function of Inventory. Reporting Structure.

S&OP 156

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 156

Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. Do we have the right Service Level Agreement metrics in place? At what cost?

Supply Chain 141

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 141

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). ” They questioned, “ How long will this recession last?

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

AUGUST 2, 2017

Today, the average company has seven S&OP processes, but a global chemical company averages over 30. Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Form and Function of Inventory. Business Strategy.

S&OP 153

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 153

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Data Supply Chain Planning Software 195

Unleashed

NOVEMBER 16, 2022

Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. Fulfilment days – the period between receiving and fulfilling an order. Food 93.69%.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Inventory 52