This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. In our monthly webinar last Wednesday, I presented these results.
Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. We’ll be covering these and more in an upcoming webinar. #1 This metric closely aligns with digital transformation progress.
It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation.
Tracking the Metrics that Matter. While Ardent expects Procurement to rise to and tackle these challenges, tracking the metrics that matter will help them stay focused for full recovery. Inflation Metrics. Savings from Sourcing: In 2021, competitive sourcing projects generated an average of 7.7% Risk Metrics.
This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value.
Integration of corporate social responsibility metrics in planning. Comprehensive view of source, make and deliver. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Focus is on make, source and deliver together.
It will be launched during a webinar on April 25, 2013 and through a series of reports that will run in our May newsletter and throughout the summer. However, we have found that only a few companies are improving the potential of their supply chain to balance supply chain metrics. If you are interested please register for the webinar.
We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. The focus has been on sourcing and managed costs. For more on healthcare, check out our recent webinar. Please use this link: [link].
The team was organized around the functional silos of source, make and deliver. Instead, we found that the companies with the lowest total supply chain cost (a total of source, make and deliver) had average costs in manufacturing and distribution. We are a month away from the publication of Supply Chain Metrics that Matter.
Select a planning solution that can incorporate intelligent metrics and optimization technology. It should deliver a single source of truth, live KPIs and continuous optimization capabilities so that you can evaluate outcomes and quickly determine the best course of action to meet your business KPIs.
Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.
I have taken myself off the road to write the book Metrics That Matter. We often find that companies have better performance in the management of regional supply chains where the sources of supply are in the same market versus the management of products across borders. It is a slow week. Most of my friends are on vacation.
Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. Metrics Alignment. Most companies operate well within functions, but struggle to build strong horizontal processes.
This research was the backbone of the Supply Chain Metrics that Matter series of reports. Instead, they have measured functional metrics or focused on projects. We are sharing insights on the work through monthly webinars. So, while I would like to have customer service in the index, there was no good source of data.
Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. There may be several nodes that are critical and single sourced thus elevating the risk profile of the supply chain. AI Assistants can also help make managing the process of supply chain design easier.
As I picked it up , I saw a twitter alert welcoming people to the APICS webinar with @lcecere on Agility that afternoon. As we went live with the webinar, I laughed. In this blog post, I publically answer the questions from the webinar. In the supply chain, variability and volatility come from many sources.
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. By creating greater transparency throughout food supply chains, manufacturers can identify where the wastage happens and solve the problem at the source.
He has published numerous thought leadership articles, whitepapers, blogs and delivered dozens of webinars during his career. He is a proven B2B marketer with expertise in content marketing, competitive intelligence, and positioning. Nari Viswanathan is a six times SDCExec Supply Chain Pro to Know award winner.
Source Merriam-Webster Dictionary. We will show how the adoption of these practices have improved market capitalization in our webinar on April 25 th. Cloud-based analytics for sourcing and the management of supplier networks are evolving and should be embraced. The acronyms keep coming…. The cadence does not stop.
I began analyzing correlations of groups of metrics to market capitalization and found that the most significant correlation was between market capitalization and growth. When companies were growing, I also discovered that the cost and inventory metrics better aligned with peers. I hope to see you there!
Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings. Watch a BSW webinar here.
It will be launched on a webinar on April 25, 2013 and through a report that will run in our May newsletter. To understand supply chain excellence, we have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity.
294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. The company is using Blue Yonder for transportation management, Coupa’s Supply Chain Guru for network design, and FourKites ( see the webinar ) for transportation visibility in certain regions or departments to help with this.
The source data for the analysis is public reporting of balance sheets and income statements. Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. In the analysis of the Supply Chains to Admire, we use PTBV as a proxy metric of value.
In a recent webinar , Carlsberg shared more on this topic. By not only opting for a best-in-class transportation management solution , but connecting it to capability metrics across supply, manufacturing, distribution, external partners, and the customer, complete end-to-end sustainability can be achieved.
In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items. There are numerous tools in place to assist in diagnosing the logistics problems and solutions found.
In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982. Is talent a cost or an asset?
I will be leading a webinar with the Sourcing Interest Group next Nov. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. 12 at 2 PM, based on a study I have been working on with some folks at IBM.
With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.
CEVA Logistics is taking a lead in the air cargo industry to reduce the logistics-related impact on the environment at the source by creating demand for more sustainable aviation fuel (SAF). Synopsis: GeTS Webinar 9th Sept 2021. Photo Credit: United Airlines. million gallons of SAF this year. million gallons of SAF this year.
Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.
Cloud and open source analytics are fueling new markets giving rise of new software providers in analytics with names like Board, Cloudera, EveryAngle, Enterra Solutions, FusionOps, Halo, Qlik, Spotfire, Transvoyant, Trifecta, and Trufa. There is a great need for improved supply chain analytics. New solutions offer great promise.
Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates. The cloud-based logistics has lots of metric tools. The cloud-based logistics is a “pay-per-use” model. It cuts down costs on software maintenance and upgrade.
Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. This week, I will host our monthly webinar on S&OP: Why is it So Hard?
where the various parts were sourced, what are they made of, etc.) For example, would we be willing to wait an extra day or two for our online orders to be delivered if we were to understand the impact of the decision on sustainability metrics? This shows that sustainability concerns are only growing. Where product sustainability (i.e.,
The source data for the analysis is public reporting of balance sheets and income statements. Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns. In the analysis of the Supply Chains to Admire, we use PTBV as a proxy metric of value.
By utilizing cloud-based analytics , customers go from simple descriptive metrics to higher order analytics in no time leveraging multiple data sources. One example of the competitive advantage gained with cloud involves analytics across the many data silos that make up today’s enterprise Big Data environments.
Mastering Inventory in 2025: Key Trends Watch Webinar Now WATCH WEBINAR What is Stock Balancing? By aligning inventory levels with actual demand, businesses can transform their supply chain from a source of frustration and expense into a driver of customer satisfaction and profitability.
Additionally, some level of predictability helps in the carrier sourcing aspect of the business too. Speaking of metrics.Utilizing the right metrics to monitor the health of your transportation footprint and network are critical. It’s also important to have flexibility in generating metrics. Gaining "Shipper of Choice" Status.
A recent QAD webinar discusses inflationary pressure on supply chains and scenarios for minimizing the financial impact of supply chain volatility. That means looking at the right metrics. Instead, attach a variable unit cost to every sourcing, production and distribution event and use that granular data to gauge financial impact.
Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process. There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Read the full article here. .
AIMMS Network Design provides functionality that helps supply chain teams model carbon emissions and other non-financial metrics like water consumption and carbon equivalents. Likewise, you can assess whether the energy source for your locations can be more sustainable in the long term. SCM Webinar Wednesday, November 2.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Embracing sustainability as a goal and metric that you scorecard suppliers on is a good place to start to get ready for this trend that will become a staple in how successful companies do business.
It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. This is among the most difficult aspects of creating an effective guide.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content