Supply Chain Shaman

MAY 13, 2024

How aligned do you believe your organization is to drive these metrics? Leaders align metrics and processes to focus on customer service reliability and hold all teams accountable for a balanced scorecard of Growth, Operating Margin, Inventory Turns, Return on Invested Capital (ROIC), and Orders Filled On-time and Complete (OTIF). (

S&OP 352

S&OP Supply and Demand Inventory Reduction Expense Reduction 352

Supply Chain Shaman

DECEMBER 15, 2022

As an analyst, I am always searching for answers and clear definitions. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This increasing gaps in alignment and clarity of the definition of supply chain excellence was an unspoken risk entering the pandemic.

Manufacturing Procurement 394

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 394

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

Cognira

JUNE 4, 2024

Deal Management: Definition, Challenges & Benefits of AI Solutions June 4, 2024 Promotions Home In the current retail landscape, deal management is often bogged down by spreadsheets, duplicative efforts, and disjointed collaboration.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Pricing Training Purchasing Training 52

Enchange Supply Chain Consultancy

JULY 3, 2024

The dictionary definition of a Catalyst is: An agent that provokes or speeds significant change or action. Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. Remember our definition of a Catalyst? And it’s not just about the contract.

Inventory Reduction 202

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 202

Supply Chain Shaman

JANUARY 9, 2024

Many believe that an ex-supply chain exec knows the definition of supply chain excellence. The industry assumes that since the person led a supply chain that they are clear on the definition of supply chain excellence. Here, I share my insights: Companies Struggle with the Definition of Supply Chain. The issue is ubiquitous.

Supply Chain Planning Software 300

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 300

Supply Chain Opz

AUGUST 3, 2014

Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. 2) Utilization Metrics : machine utilization is a classic example of this kind of metric.

Procurement Analytics 157

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Planning 157

Supply Chain Shaman

JUNE 29, 2021

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). Our goal is to continually redefine the definition of supply chain excellence.

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. 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. Can you describe the outside-in model?

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

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. Today’s definition of supply chain planning is my starting point. What is supply chain excellence?

Supply Chain Planning Software 318

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

Unleashed

MAY 1, 2023

The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. However, if you’re looking to start tracking the right inventory metrics to review in a stock control chart later, here are the steps. The X axis represents time.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Logility

JANUARY 26, 2017

I would take this a step further and say you can't know whether or not you are successful unless you have also defined what success is and track against that definition. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

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. They lack definition and organizational stickiness.

Procurement Analytics 370

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

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost. This makes the landed cost metric essential for businesses shipping units overseas. Does landed cost include tax?

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

JUNE 2, 2022

Enhance customer satisfaction , because omnichannel optimises opportunities for personalisation through collection, analysis and cross-referencing of customer metrics and data, from all channels. Establish what customer wants and needs are being meet by using analytical data, social metrics, and by inviting customer feedback.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Supply Chain Shaman

OCTOBER 13, 2022

In both cases, there is a clear definition of “winning.” The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Functional metrics need to be abandoned to focus on balanced scorecard outputs. A focus on functional metrics throws the supply chain out of balance.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

OCTOBER 11, 2023

Definition Anomaly: something that deviates from what is standard, normal, or expected. Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention. Measurement.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 394

Unleashed

AUGUST 14, 2023

This technique largely relies on data-driven decisions and key performance indicators (KPIs) using problem-solving and success metrics to ascertain how your processes can be improved. Secondly, it also looks at total quality management which is a customer-focused approach to continuous improvement over time.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

Supply Chain Shaman

JANUARY 8, 2024

Note to the reader: we selected these metrics for the balanced scorecard for the analysis after work with Arizona State University to understand which metrics, in combination, most closely correlated with market capitalization. Consider the role of functional metrics and the lack of alignment with the corporate scorecard.)

Supply Chain Design Software 243

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 243

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. This is the goal of this post.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. The inventory turnover ratio measures how often stock is sold and replaced over time.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

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 ). 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

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. Few companies are clear on the definition of supply chain excellence and what makes a good plan. 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

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. The cost of sales metric is most commonly used in the retail and eCommerce industries, whereas manufacturing businesses typically calculate profitability using the cost of goods sold formula instead.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Supply Chain Shaman

JULY 22, 2019

Companies with traditional definitions of marketing and sales struggle to beat the competition. A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. They lack of a standard definition for supply chain excellence adds to the confusion.

Supply Chain Design Software 254

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

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Don’t fall prey to discussions that are not grounded in the basic definitions. Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). In this process, sadly, there is little definition of the model. Merriam-Webster.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. McKinsey & Co., What is OTIF?

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. Companies driven by functional metrics struggled: they could not adapt quickly to the higher transportation costs.). Decrease the focus on functional metrics and align to a balanced scorecard. “ Wikipedia.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Challenges Traditional definitions of supply chain excellence focus myopically on cost but are too slow in making decisions in inflationary periods. Tougher than most understand. Companies participating get a copy of the results.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 390

Supply Chain Shaman

MARCH 21, 2024

The students learn that there is no definition of end-to-end planning because the current taxonomies for modeling are fragmented. Lack of aligned metrics. Clear charters and definitions matter. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Lack of executive buy-in.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Supply Chain Shaman

MARCH 9, 2021

Team play requires clear rule-definition, timekeepers, referees, and coaches. The root issue is the lack of a clear definition of supply chain excellence and the road rules by organizations. ” My reply is a tangled web of realizations, but let’s start with the definition and then explore the issues. ” Ideo.

Supply Chain Design Software 219

Supply Chain Design Software Supply Chain Design Supply Chain Software Innovation 219

synchrono

AUGUST 22, 2016

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Combat data overload by knowing what you want to achieve and focusing on metrics that align with those goals.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Supply Chain Shaman

NOVEMBER 21, 2023

Pawn Definition: “A chess piece of the smallest size and value. The metrics were not aligned. Map the different metrics and incentives in the organization to behavior. He loved chess, and I was a reluctant participant. I played because I loved my dad, but I never was good at the game. Don’t dwell on the negatives.

Supply Chain Planning Software 342

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 342