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The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. A great example of this comes from a Logility customer.
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. Reward teams for cross-functional metrics. Customer-Centric Supply Chain.
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated. You can watch the full video below.
In the meantime, in case you missed them the first time around or want to watch/read them again, below are the most popular Talking Logistics posts we published this year and the video episodes we aired during the second half of the year. Talking Logistics Video Episodes (Second Half of 2018).
Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)?
They had seen my videos on the website and needed a speaker for their global kick-off meeting. This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics. When all functions are jointly focused on improving these metrics, then we can have one team. I am excited!
Review Supplier Performance Performance Measurement: S&OP provides a framework for tracking supplier performance against agreed-upon metrics, such as delivery time, quality, and cost. Bonus Video Content to Learn More about S&OP 7 Practical Challenges in S&OP Deployment You Should Avoid Why Sales & Operations Planning?
We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns. This research was tough work. Does this mean throwing out the baby with the bath water?
Offer suggested changes and impacts to decision makers : Even the smallest changes in the flow of product in a supply chain has universal impacts, it changes the use of capacity, the formula for safety stock, and the overall customer service metric—just to name a few. Learn more continuous network optimization throughout our website.
In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. This can include videos demonstrating how products work, informative blog posts that provide something free and helpful to customers and beyond. Lengthen the Buying Cycle Through Interaction.
For example, a vaccine manufacturer increased their order size by a factor of four in one weekend; a video call company wanted to receive ten times as much product as they initially forecast with just a month’s lead-time. This gives Pure real-time visibility to core performance metrics.
Offer suggested changes and impacts to decision makers : Even the smallest changes in the flow of product in a supply chain has universal impacts, it changes the use of capacity, the formula for safety stock, and the overall customer service metric—just to name a few. Learn more continuous network optimization throughout our website.
Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Year-over-year Improvement at the Intersections of the Metrics. It is for this reason, that we are hard at work on the analysis of the Supply Chain Metrics That Matter series of reports.
The approach of short learning sprints with automated videos on a collaborative platform for short interaction is novel and right for today’s environment. Supply Chain Metrics That Matter. When I went to the market to find a partner to deliver e-learning, the CorpU training program platform exceeded my expectations.
Vendor scorecards based on performance metrics help ensure better sourcing decisions when used to assess and compare vendors and assist with onboarding. Real-time data on vendor compliance means decision-makers have the information they need, when they need it, to mitigate risks to both corporate responsibility and regulatory compliance.
Tools for video conferencing, team collaboration and in the near future virtual reality and augmented reality, along with Supply Chain planning systems can (and should!) For example, choosing the lowest cost supplier over one that provides better quality and delivery guarantees. enable collaboration.
million metric tonnes (Mt) and it is forecasted to increase to 50 Mt in 2018. toasters, video cameras), 11.8 A new United Nations University report, titled The Global E-waste Monitor 2014 , details e-waste generation by region. The total amount of e-waste generated in 2014 is 41.8 This e-waste comprises 12.8 Mt of small equipment (e.g.,
To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Here’s a look at our top seven.
Generative AI can use models with billions or even trillions of parameters trained on massive datasets (think the size of the internet), enabling it to produce increasingly complex outputs such as speech, text, and videos. It can then generate new content using prompts that resemble the original training data.
Jump to sales, marketing, and finance demo videos here Traditional Demand Planning Challenges: Current demand planners can get bogged down in the daily grind of gathering, organizing, and analyzing the sales history for an accurate forecast. Stretched for time? Resolve new training opportunities. Check impact of updated / new events.
Instead of giving a keynote presentation this year, I brought Talking Logistics to the conference, where I conducted several video interviews with BluJay customers focused on — you guessed it — the growing importance of customer experience. The company announced BluJay University and its new Learning Management platform.
And based on a recent study, when shoppers are cruising the online “aisles,” they’re more willing to spend extra when a product video is used, according to researchers, making quality control more important than ever for retail warehouse managers. Shoppers Spend More When Product Videos Are Used.
And based on a recent study, when shoppers are cruising the online “aisles,” they’re more willing to spend extra when a product video is used, according to researchers, making quality control more important than ever for retail warehouse managers. Shoppers Spend More When Product Videos Are Used.
This means tracking key metrics like inventory levels, shipment status, and supplier performance. There are some relevant and useful points in this video: The key lesson from COVID crisis management was the need to balance maintaining customer service while controlling costs during periods of extreme disruption.
Nine out of ten companies are stuck: unable to make progress on a portfolio of supply chain metrics. To us, content takes many forms: podcasts, videos, books, events and active networking. And we’re celebrating our third birthday by giving all of you a present. We want to help. Their decisions will translate into balance sheet results.
Watch the short video clip below for her comments. Earlier this year on Talking Logistics , Cindi Hane discussed this law and how proof of delivery (POD) applications and SCONs can help companies comply with the requirements. The post Insights from Elemica reveal 2014 Frankfurt appeared first on Talking Logistics with Adrian Gonzalez.
Challenge yourself to think beyond the traditional Available-to-Promise metric and ask if an action meets the criterion of Profitable-to-Promise. Take a look at this short video to see how Logility’s IBP solution supports accelerated planning and decision-making across the enterprise.
This framework frees us to use new data forms (unstructured and structured data, video, maps, etc.), It requires a rethinking of the role of the store and the redesign of metrics. However, this cannot happen unless the retail organization redesigns the organization to support the cross-channel experience.
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Even if the festive season looks a little different since the pandemic hit, food waste remains one of the biggest negative side effects of holiday consumption.
Video Source: [link]. Check out ReFed’s Roadmap to Reduce Food Waste: Video Source: [link]. Everyone in Supply Chain has experienced being asked to improve some metric by 25% or more. Videos) appeared first on Supply Chain Game Changer™. Over 1/3 of all the food that is produced in the world is wasted!
blockchain), and video-based collaboration/content sharing. Analyzing real-time insights and historical performance using AI, delivers key metrics on availability and service levels. In a study by IDC, 68% of respondents indicated that they need to revisit their operating models. The Role of Trading Partners.
In its 2021 survey, Deloitte once again affirmed the fact that more digitally mature businesses outperform industry averages on a variety of financial metrics. Watch Bickford’s customer success video to learn more. The authors refer to the bounty of benefits that accrue from digital maturity. And we couldn’t agree more.
At the BluJay Soar 2018 conference this past May, I conducted several video interviews with BluJay customers on the growing importance of customer experience. You can watch excerpts from the videos at the research website. Is customer experience a supply chain metric at your company? Perspectives from BluJay Solutions Customers.
The dashboards are a combination of graphs, indicators, and filters used to summarize a set of specific metrics. This video provides an overview of the new user experience. There are currently 19 dashboards available, with a “designer package” option to be released soon that will allow users to create their own dashboards.
According to Supply Chain Quarterly , Quarter 4, 2011 issue: “Supply chain scorecards typically focus on operational metrics. Often, decision makers need answers to questions that are not always anticipated in datasheets, brochures, and videos—with the level of specificity only a one-to-one interaction can provide.”
Related articles on this topic have appeared throughout our website, check them out: 3 Practical Metrics for Supplier Performance Evaluation. Which Supply Chain KPIs? How many Supply Chain KPIs? Here are 5 key tips for your KPIs. KPIs for Your Warehouse: How to Choose and Use Them. A Concise Guide to Inventory KPIs for Your Business.
The following video provides a quick lesson about how barcodes work. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.” ”[3].
We benchmark ourselves against the leaders in our industry on a monthly basis and we are constantly beating their forecast accuracy metrics. Video: McDonald’s Mesoamérica Supply Chain Response to COVID-19. We truly have best-in-class demand planning teams, processes and tools.
This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Where is Descartes today? Keegan McCready, Sr.
It also reduces carbon dioxide emissions by about 100,000 metric tons.”. Watch this short video to see how machine learning can help optimize inventory for competitive advantage. This dynamic routing program helps UPS “save about 100 million miles per year. That’s a reduction of 10 million gallons of fuel consumed. Challenges.
”[3] Despite its proven effectiveness, Hume and Taylor note, “Reinforcement learning is mostly used in academia and niche areas like video games and robotics. With enough trials, you can reinforce your way to beating your current best approach and discover a new best way to accomplish your task.”[3]
Their functionality, and charting, has made my life easier many times in managing certification programs, and producing critical metrics data. The first video they played, Video Killed the Radio Star by the Buggles, began a revolution. I use them all of the time for various needs, with great success.
Check out this video from the Demand Driven Institute and ask yourself if this case sounds familiar: The Conventional Planning Puzzle – Just How Crazy Does MRP Make Your Life? Dashboards, metrics, scorecards, alerts, and collaboration tools are a must-have if your supply chain is going to give you a competitive advantage.
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