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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.
I see a preponderance of reports and whitepapers that have lots of pages but say little. Optimization engines to improve functional metric performance resulted in an exploding number of planners. days to receive a purchase order confirmation. The average purchased order changes 3.5 Back to John.
Download the WhitePaper: Over the Road Freight Management Trends. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that Focusing on the?
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.
WhitePaper: Hidden Risks and Costs in an Offshore Supply Chain. In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a WhitePaper entitled, “ Hidden Risks and Costs in an Offshore Supply Chain.”
The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. 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.
Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.
Meanwhile, more companies are turning to entities outside of the company, like third-party logistics or integrators (3PLs and 3PIs) to manage omnichannel supply chains , reports Maarten Baltussen of Supply Chain Digital. WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.
More advanced ones can structure and clean the data before dumping it into a format for reporting. 3 Get the metrics right. Supplier metrics should be captured about monthly. Building a new supplier scorecard program can have a major impact on the costs and value of your procurement and purchasing functions.
One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization.
LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.
I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. The value generated by improved forecast accuracy comes from how that improvement is used to enable cost reductions, synchronize production and enhance customer service.
Most likely the company will still need to forecast raw materials, purchased components, and/or sub-assemblies to be able to meet customer demand. Related Content: WhitePaper: Are All Products Created Equal? However, what is often overlooked is that moving to a pull strategy does not eliminate the need for a forecast.
With more consumers turning to e-commerce, it’s important for businesses of all sizes to bolster the supply chain to handle the e-commerce business model. According to research conducted by BigCommerce , the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping.
Supply chain planning systems receive the forecast as input and plans the purchasing of materials, making of products, and overall operation of your supply chain. The system helps you improve availability, reduce costs, and manage your network of manufacturing facilities and sales channels to hit ever-increasing profit targets.
Many procurement teams are finding holistic approach can provide huge advantages. No matter what sector your business is in, you will source across dozens or even hundreds of purchasing categories, particularly when you consider indirect spend where many risks can be hidden. How do suppliers CSR performance compare to their peers?
A supply chain planning system receives forecasts and plans the purchase of materials, production, inventory placement and delivery to customers. Aligning and integrating key performance metrics across the extended supply chain is difficult. WhitePaper: Planning Optimized – Building a Sustainable Competitive Advantage.
A whitepaper published by DHL found that inefficient handling of supply chains causes high costs, wasted resources, and reduced agility. Leverage big bata, analytics and optimization Supply chains were driven by numbers and statistics for a long time.
Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Supply Chain Market reported the closest any manufacturer can get to the magic bullet of efficiency (collaboration) is through greater supply chain visibility.
CNN reported that CRF Frozen Foods expanded their voluntary recall of products in May 2016. A Tyco Security food defense report found that once consumers hear a product is recalled, 15 percent of them will never purchase that item again. Salmonella and listeria are primary concerns for modern grocery shoppers.
CNN reported that CRF Frozen Foods expanded their voluntary recall of products in May 2016. A Tyco Security food defense report found that once consumers hear a product is recalled, 15 percent of them will never purchase that item again. Salmonella and listeria are primary concerns for modern grocery shoppers.
Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.
It brings all of the mechanical, electrical, and software designs together and shares them with the entire product team—from quality to procurement to manufacturing, including external supply chains. best-practice guides, whitepapers, newsletters) after go-live? WhitePapers. 9 Essential Elements of PLM Software.
It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Download the free whitepaper to learn more about how data can be used to reduce logistics spend while improving supply chain performance.
Today’s warehouses implement solutions such as collaborative mobile robots , automated picking solutions , warehouse analytics and warehouse management systems (WMS) to increase efficiency and accommodate demand. These cost savings can translate to lower prices for goods and services for consumers.
For example, let’s say you want to implement predictive maintenance in your organization to reduce unplanned downtime. You either purchase or retrofit your equipment with intelligence, and you invest in applications like SyncView ® to improve shop floor visibility. Visualizing Metrics in the Factory of the Future .
The DPP is a proposed policy solution to support more sustainable production, circular business models, enable consumers in making more informed purchasing decisions and to allow authorities to verify compliance with legal obligations. What is the digital product passport (DPP)? Berger et al.
The broad range of incentive programs offered by vendors—including MDF, rebates, SPIFs, end-user purchase incentives, and even deal registration—make the challenge of isolating the effectiveness of any one program seem daunting. Delivered.
Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Manufacturing.net reported that this figure should be in the 95 percent range. According to Modern Materials Handling, 10 percent is the optimal target for both metrics.
Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Manufacturing.net reported that this figure should be in the 95 percent range. According to Modern Materials Handling, 10 percent is the optimal target for both metrics.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. WhitePapers. |. cities with these lockers in-place are located in states that already collect sales taxes for online purchases. Business Process Outsourcing. Customer Service. Finance & Accounting.
Customer activity has increased, and some employees are actually sending their personal purchases to work address. Growth of e-commerce is expected to result in a 20-percent increase in parcel shipping in 2018, reports Tom Hazel of Parcel MEDIA. Download whitepaper.
Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). This means that while all KPIs are metrics, not all metrics are KPIs.
Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Driver wages represent 26% of costs. On-time pickups.
The Missing Metric of Customer Loyalty… The reality that many miss is the fact that the companies with the competitive edge are the ones that retain customers. (If They also cost less to serve. 1 As excerpted from the whitepaper: The Economics Behind Customer Loyalty. Earl Sasser Jr. SCHEDULE A FREE CONSULTATION.
Picking also directly impacts the throughput metric, hence improving the productivity and speed of the picking process, which directly improves the throughput of the distribution center. ’ reports OSHA. Purchase dynamic equipment. Make the warehouse space work for you and not the other way around.”
In addition, technology gives shippers visibility to and reporting on all shipments. Do your shipment sizes and purchase orders (POs) vary? Potentially, that means more LTL or partial shipments, plus linear foot charges and cubic capacity rules that can add to process requirements and costs.
The Missing Metric of Customer Loyalty… The reality that many miss is the fact that the companies with the competitive edge are the ones that retain customers. (If They also cost less to serve. If there’s any doubt, do a little research on the customer loyalty statistics for Amazon and Amazon Prime.) Earl Sasser Jr.
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