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

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

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

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. Education is fundamental. In today’s training class, we focused on determining the balanced scorecard. Analyze inventory health.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. I encourage all to do this modeling in simulation to educate executive teams.). Unlock the potential of new forms of analytics and educate teams.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

ivalua

DECEMBER 16, 2022

Tens of thousands of companies were anonymously rated on Comparably.com in nearly 20 different workplace metrics, from compensation, diversity, work-life balance, and leadership to career growth and perks and benefits.

Global 246

Global Company Supply Chain Software Gartner 246

Supply Chain Shaman

DECEMBER 28, 2020

Educate all of the Georges of the world by getting good at modeling and build asset and inventory strategies based on both bias and error. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. ” Start by defining the words forecast and bias. Help Me Improve Customer Service.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Brain

FEBRUARY 23, 2018

Which raises the question: Is our education system doing enough to get students ready for this new world of work? She joins us on this episode to discuss how the educational system – college, high school and even elementary grades – must change to meet the requirements of the gig economy.

Education 40

Education Supply Chain Planning Software Optimization Software Meeting 40

Logistics Bureau

MAY 2, 2016

In this post, I want to share 6 tenets adhered to by certain companies which in my experience, make them stand out as exceptionally good educators and consequently, as employers that have little problem attracting and retaining high quality supply chain talent. Supply Chain Education is Not Owned By the HR Department.

Education 40

Education Buyer Training Optimal Sourcing Supply Chain Strategy 40

Supply Chain Shaman

MAY 1, 2023

Educate on the importance of designing flows and aligning metrics. Move from functional metrics to a balanced scorecard. Groups are attempting to align product mix and define capacity requirements. In the process, take these steps: Measure demand and supply variability and use it in the design of flow. I hope this helps.

Inventory Reduction 248

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 248

ivalua

MARCH 31, 2023

The Best Global Company Culture award measures how workers from large companies with a global footprint rate their overall workplace experiences in 16 different metrics (compensation, leadership, co-workers, work-life balance, career growth, perks & benefits, etc).

Supply Chain Software 130

Supply Chain Software Metrics Global Education 130

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Continually use simulation and inventory optimization techiques to educate your financial teams. In times of uncertainty, cash is king. Push to stop this behavior.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

The Network Effect

NOVEMBER 2, 2014

Assuming excellence in customer responsiveness is a given, in order to achieve excellence in operating performance all employees should have a solid education and understanding as to how their roles and responsibilities contribute to their supply network outcomes in addition to their budget or financial performance.

Supply Chain Design Software 182

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 182

Kinaxis

DECEMBER 12, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, when you look at the background of many supply chain planning workers, you’ll find a huge variation in education and experience. These are the folks you want to do everything in your power to give them the education they need.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Price Mitigation Strategies Training 240

Supply Chain Shaman

MARCH 21, 2024

Lack of aligned metrics. Education and leadership. In my class on this week, the question on “Why do Supply Chain Centers of Excellence Fail?” The top reasons were: Distant and self-serving. As the organization evolves, they Lose focus on serving internal customers. Lack of executive buy-in. Hard to measure the value of the COE.

Inventory Reduction 406

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

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. These discussions will also educate the executive team. 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

Procurement Academy

SEPTEMBER 26, 2024

Whether it is creating tailored learning plans that tackle individual, unique skillsets or measuring ROI with a specific set of metrics, let’s deep dive into what makes a procurement training program drive team efficiency and achieve organizational objectives.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52

Supply Chain Shaman

DECEMBER 15, 2015

For each metric we show the averages and the percent change from the beginning and end of the period. Metric Performance for Discrete Industries. 5) Educate the executive team. Tonight I am writing the Supply Chain Metrics That Matter report on the High-Tech Industry, and the Research in Review for 2015.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

The Logistics & Supply Chain Management Society

MAY 28, 2022

Educate Your Staff and Suppliers. A lack of education is often responsible for the slow adoption of sustainable practices, so creating internal training programs is essential. Long transportation times generally mean more carbon dioxide emissions, so switching to a local supplier can cut carbon emissions. MORE FROM THIS EDITION.

Sustainability 264

Sustainability Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization 264

Supply Chain Shaman

DECEMBER 15, 2015

For each metric was show the averages and the percent change from the beginning and end of the period. Table 1: Metric Performance for Discrete Industries. 5) Educate the executive team. Tonight, I am writing the Supply Chain Metrics That Matter Report on the High-tech Industry and the Research in Review for 2015.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Logistics Viewpoints

NOVEMBER 10, 2014

The perfect order metric (POM) is one of the most critical metrics in fulfillment. The Warehouse Education and Research Council’s (WERC) definition of the perfect order metric is that a perfect order is delivered: Complete; On time; Damage free; And, with the correct documentation and invoicing. Just for Fun'

Metrics 203

Metrics Education Just-in-Time Research 203

Silvon Software

JANUARY 25, 2023

Salespeople have personal interest in their metrics, so it’s helpful if the forecasting software calculates the forecasting KPIs to make it easy for them to see where they stand. Forecast-accuracy metrics are often not included in sales KPIs, but if your company is serious about demand planning, then they should be.

Supply and Demand 119

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 119

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. It begins with Education and Certification. (Infographic). Stuck in the Mechanics.

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

Taulia

SEPTEMBER 19, 2024

In structuring these efforts, we are guided by three core ideas or goals: education, awareness, and action. These performances are captured in data-led metrics and analyses produced by companies such as EcoVadis. The days when companies could get away with soft mission statements and non-binding statements seem to be over.

Sustainability 52

Sustainability Demand Planning Software Supply Chain Software Supply and Demand 52

Logility

MAY 18, 2020

When you define the outcomes you’re hoping to predict, whether it’s sales, equipment repairs, email sign-ups, or some other metric, you’re better able to understand the metrics that will get you to that point. Think of predictive analytics as making ever more educated guesses based on the data you have. Conclusions.

Predictive Analytics 227

Predictive Analytics Analytics Software Predictive Analytics Software Procurement Analytics 227

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

There are many strategies organizations use prior to implementing the process and as a working, educated leader in SIOP who has assisted in pioneering the process in an organization, I have found the best methods, or steps to take is to ensure the following: Have a clear vision and focus, accepting adaptability and shared accountability.

Supply and Demand 246

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

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. With an integrated warehouse management system, metrics can help to show if marshalling is causing a bottleneck in terms of dispatch. However, when warehouse operations grow beyond a certain point, marshalling will be needed.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

Supply Chain Planning Software 178

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

Talking Logistics

OCTOBER 12, 2014

In this first episode of an educational series focused on the link between transportation management and supply chain excellence, Chris Timmer from LeanLogistics outlines the attributes of a strong transportation management foundation and how to build it. How to leverage the right metrics and carrier scorecards to manage performance.

Transportation Management 187

Transportation Management Transportation Supply Chain Strategy Education 187

SCMDOJO

JUNE 11, 2024

Watch 6 Key Metrics to Include in Your Logistics Dashboard on SCMDOJO YouTube Channel! Furthermore, our expert-led courses ensure you get the best possible education. Let’s explore why our logistics training is unique, what’s included in our logistics pathway, and how you can get started today.

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

GlobalTranz

DECEMBER 11, 2018

The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs. How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage. Download E-Book. Download E-Book.

Logistics Network Optimization Software 137

Logistics Network Optimization Software Innovation Real Estate Resource Reduction 137

The Logistics of Logistics

FEBRUARY 15, 2013

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Habit 2 – Measure Logistics Performance.

KPI 190

KPI Logistics Network Optimization Software 3PL Continuous Improvement 190

Supply Chain Shaman

MAY 22, 2013

The AMR Top 25 was the first methodology that tried to connect financial metrics with supply chain excellence. It elevated the discussion on supply chain excellence and drove more discipline and rigor in the use of financial metrics. See how different the progress is on this metric by industry? The intent was good.

Gartner 254

Gartner Pharmaceutical Supply Chain Chemicals 254

SYSPRO Smarter ERP

NOVEMBER 22, 2021

At this point you should also start educating stakeholders within your business on how it will be used and how it will impact their workflows. To figure that out you will need to establish key areas of improvement and attach milestones and metrics to those areas that can be measured along the way.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Analytics Software Vendor Strategies 111

ToolsGroup

MAY 4, 2020

Along with its AI-driven demand forecasting and inventory planning software, ToolsGroup has introduced new customer support offerings for COVID-19 planning as well as educational resources including the ebook “ COVID-19 Risk: Enable Swift and Efficient Response to Supply Chain Disruptions.” Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

Logistics Viewpoints

SEPTEMBER 25, 2024

Businesses should work closely with regulatory bodies to ensure compliance with relevant data privacy and security regulations, while educating their teams on best practices for handling sensitive information. Strategic partnerships with technology providers can also assist businesses in leveraging expertise in IoT and DPP integration.

Internet of things 257

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 257

Logistics Bureau

OCTOBER 26, 2020

After you have benchmarked your supply chain for sustainability, you will have the intelligence you need to set goals and decide upon the metrics to employ for progress monitoring. Invest in Education. As you begin to see results, you will need to evaluate them against your chosen metrics. The Sustainable Supply Chain Cycle.

Supply Chain Planning Software 86

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 86