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Open Sky Group, a global leader in supply chain execution solutions, has announced a strategic partnership with Easy Metrics , a premier provider of labor management and warehouse performance management solutions.
In the study, when we asked for the top elements of business pain to drive continuous improvement for companies greater than 5B$ in annual revenue, as shown in Figure 1, we found the largest issues with cross-functional alignment and availability of talent. In the survey, companies had over one hundred active continuous improvement programs.
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
The EY research suggests that at many companies, that opportunity is receding. Prepandemic r esearch by the McKinsey Global Institute found that, on average, companies experience a disruption of one to two months in duration every 3.7 net promoter score or similar metric) as a supply chain KPI.
2022 was the year of corporate commitments to sustainability, and 2023 is the year where promises become proposals, mission statements become metrics, and aims become actions. Companies will have to report on sustainability in a similarly controlled way as they do their financials. We need to act now by making the right decisions.
The post KPI Supply Chain: Parcel Metrics to Track and Boost Peak Season Value appeared first on Transportation Management Company | Cerasis. These best practices go back to the root of digital transformation within logistics, recognizing when things go wrong and intervening immediately.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite. Despite recognizing these risks, only two companies have comprehensive traceability commitments.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Samuel is an experienced market strategy and product leader with over 10 years of experience in supply chain logistics and innovation, specializing in helping technology companies build high-performing Go-to-Market teams. Samuel has his B.A.
During my current supply chain planning market research, I have received briefings from several SCP companies. Solvoyo has a metric they call the user acceptance rate. But when he presents this to many companies, they don’t believe it. “I All are investing in artificial intelligence.
Multiple industry studies confirm that regardless of industry, revenue, or company size, poor data quality is an epidemic for marketing teams. This buyers guide will cover: Review of important terminology, metrics, and pricing models related to database management projects.
Companies that prioritize low costs at the expense of ethics risk damaging their reputation, losing consumer trust, and facing legal consequences. In an era where information travels fast, companies must proactively disclose their practices, achievements, and challenges.
This includes the evolution of schema-on-read architectures and the use of advanced sensing and network automation as companies work through endless cycles of legacy technology like ERP and APS. Functional Metrics and the Lack of Alignment to Strategy. In our research, small regional companies outperform large multinationals.
Companies are increasingly adopting electric and hydrogen-powered vehicles to transition away from fossil fuels. Innovations in biodegradable and reusable materials, coupled with lightweight designs that reduce shipping weight, are helping companies minimize waste and lower emissions.
And for supply chain improvement specifically, using the right technology in your business can give you the competitive advantage over other companies. Many companies are undergoing a digital transformation , switching from manual processes to automating routine tasks.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
When companies consider implementing enterprise software, standard operating procedure would be to look at a public company’s financials before deciding to implement the solution. If the software company is private, the prospective customer often asks for the right to view their financials. The Rule of 40. The problem?
UPS dominated business and trade headlines for a day in late January when the world’s largest package delivery company announced plans to cut 12,000 full- and part-time management jobs as part of a new initiative called “Fit to Serve.” I was speaking with the Chief Supply Chain Officer at one of the world’s largest CPG companies.
The company sources goods from 34,000 suppliers out of 30 nations. The company is piloting secure lockers for stock at their major sites. Adding to the complexity of the supply chain is that Ferguson is an acquisitive company. The company recorded 1.9 The company has shown sustained improvement on this metric.
For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. The companies that people believe are top performers typically are laggards.
Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. First, overreliance on a narrow group of suppliersespecially those in politically sensitive regionsexposes companies to risk when trade relationships shift.
Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt. Companies like DHL and Amazon are already setting benchmarks by integrating EVs into their logistics operations.
With blockchain, companies can track and verify products from origin to end-of-life, ensuring full traceability and compliance with regulatory standards. These technologies can help identify patterns in product performance and supply chain efficiency, allowing companies to optimize their operations.
With a focus on partnership and client satisfaction, the company enables seamless growth for its partners. Data-Driven Insights: Provides valuable insights into shipping costs and performance metrics to optimize operations. Dedicated Support: Offers expert support to guide you through the setup and implementation process.
This kind of visibility and control is redefining fleet operations, creating a framework for companies to enhance efficiency and precision across the board. In an increasingly competitive logistics landscape, these capabilities allow companies to remain agile and cost-effective.
Here we have compiled a list of the top six challenges that CPG companies face in the post-pandemic market. CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue.
Jonathon McKay , Sarah Ahern , and Joe Lynch discuss how exceptional companies grow. Jonathon is not only a strategist but also a dynamic facilitator, conducting nationwide workshops on employee engagement, customer loyalty, leadership development, and growth metrics. Employee engagement, market research, strategic planning, and more.
When I use the research, I keep the information on the respondent–name, company, title, and individual comments–confidential. Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics. The metrics defining success in manufacturing and procurement do not align.
About DAT Freight & Analytics Long known as a load board company serving brokers and carriers, DAT Freight & Analytics has evolved over the past decade to become the largest data provider in the industry, now reaching over $1 trillion in freight transactions.
Executive teams strive to drive improvement in supply chain results; yet, sadly, only four percent of public companies succeed. In this area of research, I find that companies are like dogs chasing cars. The grass is always greener at another company. Now, I view the company as a supply chain laggard. The reason?
When you combine the volume, complexity, and speed with which decisions need to be made and executed, the current way companies manage this is unsustainable. They include some of the largest companies in the world. Not all the transactional data, just the data required to calculate a metric or make a decision.
How are companies rethinking their liquidity management strategies in response to the recent degradation across major working capital metrics? In the wake of economic uncertainty, many companies have experienced a degradation in key working capital metrics.
Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). In the past study, of 600 companies studied, 4% make a list. This question always makes me smile.
Ivalua scoops hat-trick of awards at Comparably’s latest Best Companies ranking. The list of award winners is part of Comparably’s 6th Annual Best Places to Work series and represents the overall top-rated companies of 2022 according to their employees. Redwood City, CA, December 16, 2022. 27, 2021 through Nov. About Comparably.
Strangely, in the last decade, while companies had the opportunity to use technology better, supply chain performance declined. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. Both companies outperformed their peer groups.
As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations. Meanwhile, tech companies are capitalizing on streamlined processes to bring innovative products to market at unprecedented speeds.
” In this work, my observation is that large companies have a more difficult journey to drive organizational alignment, than smaller companies. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. Functional Metrics. False Beliefs.
Background I have worked with hundreds of organizations over the past twenty years as an analyst to help companies on their journey on Sales and Operations Planning. The more that I see, the more that I understand how companies go so wrong so fast. How aligned do you believe your organization is to drive these metrics?
A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. With the global e-commerce market predicted to reach $8.1
For most companies, building a great S&OP process is a missed opportunity. Most companies buy decision support technology, but do not redefine work to improve decisions. A shift from functional metrics to a balanced scorecard. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it?
About Erika Voss Dr. Erika Voss , with over two decades of experience, has held high-level positions at companies including Capital One, Microsoft, and Amazon Web Services. Proven Trust by Leading Companies: Over 1,400 shippers, including major brands like Walmart and Freshpet, rely on DAT’s data for logistics decision-making.
Companies pushing IT standardization agendas will suffer the most. I am attempting to understand the choices companies make and the impact on supply chain performance. The metrics selection resulted from work with Arizona State University in 2013.) A cost-based agenda throws companies out of balance. My takeaway?
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated. What Pressures are Companies Facing?
No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts. Companies need an easy-to-use sandbox deployment to visualize supply chain constraints and the impact of variability. (Check out some of the work that Blume Global is doing in this area.). What are functional metrics?
In 2020, Microsoft committed to become carbon negative by 2030, and by 2050, the company aims to remove historical emissions since its founding in 1975. The company is operationalizing this target by reducing emissions as much as possible, increasing use of carbon-free electricity, and removing the emissions that remain.
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