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). The focus is not on who but on how to improve outcomes. Does functional ownership matter?

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

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. We do not know how to walk the talk. When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk appeared first on Supply Chain Shaman. The post Collaboration?

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

Arkieva

MAY 12, 2021

A reoccurring challenge in comparing and combining diverse time series in demand forecasting is the “scale” – as it is in combining metrics. Tools of the Trade: How to Compare / Combine Diverse Time Series – “Normalizing” was first posted on May 12, 2021 at 8:04 am. This blog provides an example of one method called normalization.

Forecasting Software 171

Forecasting Software Demand Planning Software Supply Chain Software Tools 171

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. The question was on “how to improve performance.”

Supply Chain Planning Software 316

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 316

Supply Chain Shaman

DECEMBER 28, 2020

Throughout the year, I struggled to help the team understand the baseline of how to measure the demand plan’s success. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. Use data and new metrics systems to free the organization from the ball and chain of corporate politics.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

FEBRUARY 18, 2021

Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. In most organizations, there is a dashboard of functional metrics that shows all of the functions operating in the “Green” or acceptable levels until it comes to customer service. What are functional metrics?

Supply Chain Planning Software 283

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 283

GlobalTranz

JULY 7, 2021

Depending on the needs, the 4PL can begin to offer other services that go beyond the typical definition of a 4PL, such as tracking transportation metrics and partner performance, which is where consulting starts to enter the layers of logistics when thinking about 3PL vs 4PL and beyond. 5PLs and the Rise of Transportation-as-a-Service.

3PL 210

3PL Third Party Logistics Logistics Network Optimization Software How To 210

Supply Chain Shaman

DECEMBER 15, 2022

Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement.

Manufacturing Procurement 393

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 393

AIMMS

MAY 14, 2018

Common causes for this include poor change and process management, misalignment in terms of business strategy, mismatched metrics across the business, dysfunctional technology and lack of expertise to operate and implement technology.

S&OP 207

S&OP Supply and Demand Meeting Prescriptive Analytics Software 207

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. Tougher than most understand. United States Inflation Rates and GDP Inflation is the highest in forty years. Shift in cycles.

Supply Chain Planning Software 386

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 386

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. Lack of aligned metrics.

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

Logility

APRIL 23, 2020

Finally, the models are created, tested, validated, and then evaluated to ensure that they will meet the project metrics and goals. Models are useless unless users know how to use them correctly. Train users on appropriate uses. This may be one of the most overlooked steps of all. Manage the model.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

Supply Chain Shaman

JULY 6, 2020

The idea was so novel and counter to my project direction that I did not know how to react. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The second step is to align metrics to the strategy. The So What?

Agile and Lean Supply Chain 296

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 296

ToolsGroup

MARCH 3, 2022

How to Use Weather Analytics in Retail Forecasting. Targeting favorable weather time periods and regions/markets enable companies to capture sales from receptive audiences and improve ROAS (return on advertising spend) and other key metrics. The impact weather has on consumer demand will vary by product, time of year, and location.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Logistics Viewpoints

NOVEMBER 3, 2022

How to Get the Most Out of Your Labor Management System Using Engineered Labor Standards to Impact Warehouse Output. The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. If you’re like many LMS users, you may find the concept of MVS a bit confusing. Ad infinitum.

Supply Chain Design Software 255

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 255

ivalua

JUNE 11, 2021

Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.

Supplier Management 130

Supplier Management Sustainability Procurement How To 130

Supply Chain Game Changer

JUNE 8, 2022

With that being said, let’s look at how to get your target audience and establish customer loyalty. How to reach your target audience. How to build customer loyalty. How to measure customer loyalty. The post How to Build Customer Loyalty! Influencer marketing. Customer loyalty. Encourage customer feedback.

How To 116

How To Procurement Analytics Supply Chain Design Software Supply Chain Design 116

Procurement Academy

JULY 18, 2024

High morale is also likely to increase productivity, improving your business metrics and leading to more profit. A varied approach to measurement often works best, where you look at how effective the training is in a couple of different ways. eLearning has an important role to play in how you develop and retain top performers.

Optimal Sourcing 98

Optimal Sourcing Buyer Training Price Mitigation Strategies Purchasing Training 98

Ware2Go

MARCH 25, 2022

Learn how to build a 2-day ground shipping network that meets customer expectations without hurting your bottom line. The post How to Achieve Affordable Nationwide 2-Day UPS Ground Shipping appeared first on Ware2Go. Today’s consumers expect 2-day delivery from merchants of all sizes. 1 to 2-Day Delivery Is the Expectation.

Shipping 140

Shipping Supply Chain Network Software How To Warehousing 140

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. This broad spectrum must be captured fully, including metrics on energy consumption, water usage, and overall environmental impact,” explains Vethuizen.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Shaman

NOVEMBER 21, 2023

The metrics were not aligned. Map the different metrics and incentives in the organization to behavior. Build the understanding of how to be a winning versus a losing pawn. At that time, Fred started pressuring the organization on the DOI (days of inventory) levels. He wanted control of the warehouse to reduce logistics costs.

Supply Chain Planning Software 337

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 337

Supply Chain Shaman

OCTOBER 29, 2014

Some may be used by the digital marketing teams for marketing purposes, but the average company does not know how to use it. In addition, I am now done with the page proofs for my new book, Metrics that Matter. Instead, he wants to drive supply chain excellence and build the metrics that matter. The book is a story.

Supply Chain Planning Software 311

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 311

Arkieva

DECEMBER 4, 2024

Learn how to design effective supply chain KPIs that drive organization change, align teams, and improve performance with actionable insights. KPIs: More Than Metrics – They’re Tools for Change was first posted on December 4, 2024 at 11:02 am.

Supply Chain Design Software 78

Supply Chain Design Software Metrics Supply Chain Software Analytics Software 78

DELMIA Quintiq

DECEMBER 28, 2020

This is part 2 of a 2-part series on how to succeed in planning and decisions amid times of disruption. Ultimately, what KPIs, as metrics and indicators derived from the set of plans are taken into account and prepared for each scenario. Technology for Effective Planning.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

ToolsGroup

JUNE 2, 2023

When reference data – such as product codes, supplier information, and warehouse locations – is misaligned across systems, it can cause discrepancies in transactional data, leading to inaccurate inventory levels and unreliable performance metrics. Wondering how to be prepared?

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Enchange Supply Chain Consultancy

JULY 3, 2024

Using ourA-B-C of Route to Market model, the Catalyst Phase is when we execute or as we sometime call it ‘How to Win’. Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. For distributor selection , it is when we engage our chosen distributor.

Inventory Reduction 213

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 213

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Supply Chain Shaman

JULY 12, 2021

As a strong proponent of maturity models, many discussions centered on the movement from program-based to functional metrics and how to drive alignment. Our discussions, influenced the model shown in Figure 1 from the Book Metrics that Matter. Metrics That Matter Model Evolution. Defining Outside-In Processes.

Modeling 195

Modeling Optimization Modeling Metrics Supply Chain Optimization 195

ToolsGroup

JUNE 8, 2021

6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics. In my next post, I’ll go deeper into how to run a successful POC. There may be a better way to approach forecasting, but it’s not captured in the RFI because no one has any experience with it. #6

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Logistics Viewpoints

JUNE 22, 2023

How to measure OTIF: OTIF measurements pose challenges for organizations regardless of their type or industry. It is a crucial metric that reflects the supply chain’s contribution to the customer experience, impacting brands, wholesalers, retailers, manufacturers, and distributors, both online and offline.

Supply Chain Software 252

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 252

Logility

JULY 31, 2023

With these capabilities, businesses can focus on critical metrics and KPIs like demand forecast accuracy , inventory turnover, on-time delivery, order accuracy, total sales, gross margins, and working capital projections.

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 130

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. How Managed Transportation Enables Ongoing Optimization Across Your Network.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Supply Chain Shaman

DECEMBER 7, 2022

I aim to help business leaders not typically steeped in the day-to-day supply chain life understand how to lead supply chain teams better. We started charting public performance on Orbit charts studying the relationships between metrics and having conversations with manufacturing and retail teams about their results.

Inventory Reduction 55

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 55

Logistics Bureau

DECEMBER 28, 2024

How to Reduce Carbon Emissions in Your Supply Chain 1. This means developing supplier evaluation frameworks that include carbon metrics, working together on joint emission reduction projects, and incentivising suppliers to meet or beat carbon targets. The difficulty many businesses now face, is understanding where to start.

Material Savings 75

Material Savings Resource Reduction Supply Chain Design Software Supply Chain Planning Software 75