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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 follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.
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This buyers guide will cover: Review of important terminology, metrics, and pricing models related to database management projects. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.
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Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Key Takeaways: DAT iQ: The Metrics that Matter In the podcast interview, Samuel Parker gave a freight market overview based on DAT’s database of $150 billion in annual market transactions.
Yet in EY’s research, they report that “nearly all supply chain leaders (97%) say that their organizations are currently facing challenges as it relates to supply chain metrics and that challenges come from a lack of integrated data and cross-functional metrics being in conflict with each other, among others.
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.
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Functional Metrics and the Lack of Alignment to Strategy. Few companies are clear on the number of supply chains they operate, design the rhythms and cycles of each, and align metrics to the strategy. The industry is not clear on desired outcomes. Clarity on Value. Guess what? It doesn’t. These two reports are coming soon.
Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered.
KPIs: More Than Metrics – They’re Tools for Change was first posted on December 4, 2024 at 11:02 am. Learn how to design effective supply chain KPIs that drive organization change, align teams, and improve performance with actionable insights.
Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics. Stuck in a rut, supply chain leaders try to punch their way through a set of conflicting metrics and priorities each day. The metrics defining success in manufacturing and procurement do not align.
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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.
Companies speak about moving from a functional metric focus to managing corporate metrics, but this does not happen. Of the 114 balance sheet metrics tested in work with the statisticians at Georgia Tech, operating margin improvement has the highest correlation to market capitalization. Hence the Facebook analogy.)
Public Reporting: Publishing sustainability reports and ethical compliance metrics to highlight progress and areas of improvement. Key transparency initiatives include: Supply Chain Mapping: Using digital tools to trace the journey of products from raw materials to finished goods.
Metrics like carbon emissions, waste diversion rates, worker safety incidents, and supplier compliance scores provide clear indicators of success and help build trust with stakeholders. Measuring Progress and Building Trust Transparency is essential in sustainability efforts.
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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). A focus on functional metrics throws the supply chain out of balance.)
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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.
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. We need to act now by making the right decisions. New regulations have been set regarding the corporates, and they must comply.
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. All the best in your journey.
Combine data from: Enterprise Resource Planning (ERP) systems Transportation Management Systems (TMS) Warehouse Management Systems (WMS) Internet of Things (IoT) sensors Supplier portals Customer relationship management systems (CRM) Performance Metrics and KPIs Performance metrics measure how effective your supply chain is.
Not all the transactional data, just the data required to calculate a metric or make a decision. So, we deploy an agent on an SAP environment. The agent selectively pushes data to the Aera data model.” These agents help to ensure the core parameters in planning, like lead times, are accurate and up to date.
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.
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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.
Retailers implementing these solutions are seeing improvements in customer engagement metrics and repeat purchase rates. Agent AI is emerging as a game-changing tool for understanding and responding to customer behavior in real-time.
Learn More About Taking the Uncertainty and Risk Out of Freight Erika Voss | Linkedin DAT Freight & Analytics | Linkedin DAT security team: How to make safe connections online Transparency you can trust: A new approach to maximize your network Fraud Protection DAT Freight | Facebook DAT Freight | X DAT Freight | Instagram DAT Freight | YouTube (..)
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A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it?
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?
Focus on functional metrics without alignment to a balanced scorecard to drive value. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. Mistake #3.
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). (
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