Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. Model Comparisons Ship from model: A ship-to model: Another example of bi-directional orchestration is meat packing.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Logistics Viewpoints

MARCH 20, 2024

It provides customers with auditable data, sustainable achievement metrics, such as energy efficiency, and useful information that can be used for product comparison. The profile is a two-page document that includes the sustainability achievements and capabilities of the product, which allows total transparency to the customers.

Sustainability 284

Sustainability Industrial Industry Resource Reduction 284

GlobalTranz

MAY 12, 2016

Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. However, most of today’s data goes unused and represents a lost opportunity to the company.

Metrics 120

Metrics Logistics Network Optimization Software Supply Chain Optimization Supply Chain Strategy 120

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Kinaxis

JUNE 22, 2015

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

Supply Chain Shaman

JANUARY 2, 2024

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. Gartner Comparison to the Industry Peer Group For more on the methodology, check out the powerpoint summary online. We talk about complexity, but do not measure the impact on forecastability.

Gartner 287

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 287

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 417

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 417

DELMIA Quintiq

DECEMBER 28, 2020

Ultimately, what KPIs, as metrics and indicators derived from the set of plans are taken into account and prepared for each scenario. For the decision making process, the comparison of scenarios in an easy and objective way based on the indicators allows the choice based mainly on a rationalized financial criteria.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

Supply Chain Shaman

AUGUST 12, 2020

The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. Methodology Comparison.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

NC State SCRC

JANUARY 16, 2024

The NDIS also fails to include insights such as establishing global inventory positioning metrics that track materials in real-time, similar to examples used in our book, as well as The LIVING Supply Chain. Such technologies are plentiful, and do not require significant technology investments.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

Logistics Viewpoints

DECEMBER 15, 2022

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

Optimal Sourcing 214

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 214

Supply Chain Shaman

JUNE 7, 2021

I began analyzing correlations of groups of metrics to market capitalization and found that the most significant correlation was between market capitalization and growth. When companies were growing, I also discovered that the cost and inventory metrics better aligned with peers. In Table 1, I share a comparison of the two methods.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

Exiger Perspectives

SEPTEMBER 19, 2024

“We’re grateful for our incredible customers and the foundational role they play in inspiring us to always reach for better, faster and more comprehensive solutions” Brandon Daniels CEO, EXIGER “I have never found other analyst comparisons terribly useful in shortlisting or tech selection,” said Jason Busch, Founder and CEO, SpendMatters.

Supply Chain Risk Management 52

Supply Chain Risk Management Supply Chain Design Software Risk Management Supply Chain Software 52

Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. In Table 3, I share a comparison of the two methodologies. This is the fun part of my job.

Gartner 212

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 212

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Functional Intitiatives Without Clarity on Supply Chain Strategy.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

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

JULY 22, 2019

We selected these metrics based on correlation work with Arizona State University in 2012. The winners drove long-term value (measured by market capitalization) while outperforming on the portfolio of metrics shown in Figure 1 and driving improvement faster than their peer groups. Comparison To The Gartner Top 25.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Supply Chain Shaman

MARCH 27, 2023

Definitions: Oxymoron: The combination of contradictory or incongruous words (such as cruel kindness) Juxtaposition: The act of placing words or concepts close together or side by side, for comparison or contrast. Integrating data does not align an organization motivated by functional metrics. Digital Brain.

Supply Chain Planning Software 318

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 318

Logistics Bureau

JULY 18, 2017

Some Common-sense Warehouse Benchmarking Metrics. In this post, you can discover some common-sense warehouse metrics that should probably be included in your project, regardless of whether you are benchmarking internally or externally. Other Warehouse Performance Benchmarking Metrics. Perfect Order Warehouse Performance.

Benchmarking 42

Benchmarking Supply and Demand Metrics Warehousing 42

Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. It is my hope that we can side-step political discussions demonstrated in my stories and ground the problem solving in scientific methods to understand the properties of data, the potential of supply chains through modeling, and the alignment of metrics. Relative Importance of Supply Chain Skills.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

FEBRUARY 15, 2023

We approached the topic from the perspective of importance in comparison to other objectives and change in importance over time.

Supply Chain Planning 226

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 226

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. By comparison, vendors have been investing in advanced technologies such as artificial intelligence (AI) and advanced analytics to enhance their offerings. versus $4.84

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

QAD

JULY 23, 2020

As long as clear goals are set, and with the proper infrastructure, this results comparison can help a company move in the right direction and even help to mitigate risk. Establish baselines on internal performance (or metrics) and gather your actual results. Using Benchmarking Metrics to Measure Manufacturing Performance.

Benchmarking 145

Benchmarking Metrics Manufacturing Six Sigma 145

QAD

JULY 23, 2020

As long as clear goals are set, and with the proper infrastructure, this results comparison can help a company move in the right direction and even help to mitigate risk. Establish baselines on internal performance (or metrics) and gather your actual results. Using Benchmarking Metrics to Measure Manufacturing Performance.

Benchmarking 144

Benchmarking Metrics Manufacturing Six Sigma 144

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. They do not have a peer group for comparison. We do not include them in the analysis because there is no peer group comparison. This year-over-year comparison, enables visualization of performance on two metrics.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

Logistics Bureau

APRIL 4, 2022

Like all benchmarking and performance measurement processes, freight benchmarking can utilise a wide range of metrics, and the sheer abundance of KPIs can be overwhelming. Furthermore, many of them might not be actionable in your business—or only actionable when results are combined with other specific metrics.

Benchmarking 70

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 70

crisp

AUGUST 27, 2024

From automated Monday morning recaps to a customizable report builder with over 5,000 key Target metrics, SOLYS by Crisp streamlines operations and drives growth for vendors in their Target partnership. Department 49: Personal Care); select classes within departments; and/or select from over 5,000 additional metrics.

Vendor Strategies 52

Vendor Strategies Supply Chain Planning Software Analytics Software Forecasting Software 52

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The Effective Frontier.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Supply Chain Shaman

JULY 3, 2015

Growth 10% (Year-over-Year comparison of 2013 versus 2014). Opinion makes up 50% of the rating; and in the ranking system, company comparisons are against each other with little consideration of industry drivers. 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

Logistics Viewpoints

JULY 19, 2023

In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies. By comparison, 85 percent of orders are accomplished in one delivery for those at the 75th percentile.

Sustainability 209

Sustainability Optimal Sourcing Logistics Material Savings 209

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. This will lay the foundation for any future performance comparison and provide the starting point to develop benefits for transformation.

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 178

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. By comparison, vendors have been investing in advanced technologies such as artificial intelligence (AI) and advanced analytics to enhance their offerings. versus $4.84

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

The answer is yes, there is a difference between the two although trivial in comparison. In SIOP, accountability is a huge part of achieving desired outcomes, improving monthly metrics and satisfying the customer needs.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Logility

APRIL 2, 2020

3 Get the metrics right. However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Supplier metrics should be captured about monthly. KPIs are often based on average performance levels. In this case, calculate percentile ranks.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Supply Chain Game Changer

SEPTEMBER 8, 2021

What is Procurement’s North Star Metric? The North Star Metric (NSM). As published by Forbes in a 2017 article, “The North Star metric concept originally emerged from Silicon Valley and is best utilized by companies that invest in long-term sustainable growth. These sub-metrics should be your own mini-North Star Metrics.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

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 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

DynaSys

JUNE 16, 2021

The lifecycle of a scenario has four stages: The initiation phase that focuses on data collection and validation The planning phase determines the event impact and a preferred course of action The scenario analysis and comparison phase Publication. The most important role of scenario management is analysis and comparison.

Scenario Planning 52

Scenario Planning Supply Chain Planning Software Supply Chain Planning Comparison 52