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Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution.
Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Many people get confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Which ones to use?… … How many to use?
The fundamentals are based on the “Rules-in-Use” from Decoding the DNA of the Toyota Production System , a landmark HBR article by Steve Spear and H. The article, in turn, summarizes (and slightly updates) Spear’s findings from his PhD work studying Toyota. It is the direction that matters, not the reminders.
.” None of this, of course, had anything to do with what had triggered the tirade. example may have been a somewhat extreme case, a recent HBR article by Julia Milner and Trenton Milner titled Managers Think They’re Good at Coaching. As the organization matures, of course, that structure can shift.
Of course, you can build more tracks and there are places in the Netherlands where it would be easy to do this, but in areas like the Randstad conurbation, where extra capacity is needed most, it’s going to be difficult,” said Pier Eringa, CEO of ProRail in an article on the railway’s efforts to boost capacity and speed.
This, of course, gets reflected in the conversations throughout the organization. If I type “how to lead with fear” into Google I get, not surprisingly, no hits that describe the importance of intimidation for a good leader – though there are clearly leaders (as my example above) who overtly say that intimidation is something they do.).
2 At some point, of course, you will likely bump into the threshold of knowledge for the entire organization – the point beyond which nobody really understands how it works. That being said, if your Google-Fu is good, you probably can leverage the information in this article into figuring out who it is.
Today’s article comes from Eric Mcpherson at Open Sky Group and looks at a WMS budget and preparing for implementation. For example, monthly subscription fees, any software support charges, and data migration fees. To read the full article, click HERE. Calculate software costs – Consider the price of the software solution.
Article Summary. Whereas online courses and programmes were previously managed as a separate entity, they are now an integral part of most academic systems. The study showed that upwards of 30 percent of American students enrolled in at least one online course in 2018. Students can enrol in courses from anywhere in the world.
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. KPI dashboards and reporting: This is linked to tip #3 above.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. Digitize Invoicing to Eliminate Errors and Guard Cash Flow.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype.
In an article last year, it was reported that the time it takes to print things has decreased. The parts that provide the personalization – a sun roof on a car versus a standard roof, for example – often do not need to be made at scale. Of course, it is not just speed of printing that matters but cost.
Every article we publish covering logistics and supply chain KPIs piques our website visitors’ interest and receives a wealth of positive feedback. In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them.
That’s a massive problem for SMEs, for example, that last year might have been paying $4,000 to $5,000 (USD) to ship a 40-foot container from Asia to North America, and now face rates of $20,000 and above. Of course, you can seek external help with this, which would come at a cost but might give you the start you need.
While all the interviews are available to view on the Supply Chain Secrets YouTube channel , I decided to create some brief articles from the transcripts. When we talk about risks in the supply chain, of course, you can have upside and downside, but I don’t see many supply chain practitioners talking about downside risk or scaling down.
Of course, we subsequently share interesting insights in Logistics Viewpoints articles. Brian provided me with insights into some specific warehouse automation and robotics examples. In 2018, DHL Supply Chain announced its plans to deploy emerging technologies in 350 of its North American facilities.
In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company.
Those are the precise questions we’ve set out to answer in this article. For example, you can optimise for cost, profit, or service, but not for all of them. In that case, please read on, as the rest of this article is dedicated to explaining the nine fundamental factors typically contributing to suboptimal inventory levels.
In answering that question, we’re not going to provide you with a list of possible supply chain KPIs to use in your business—at least, not in this article. Because you can find plenty of other articles on this blog and the Logistics Bureau blog if you’d like to peruse such lists. Conflicting KPIs: A Brief Example.
For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing.
Article summary. Companies have to pursue profits of course, (how else will they stay in business?) Examples of CSR Programmes. It is always helpful to look at some concrete examples when exploring complex topics. Example #1: Lego. Example #2: Salesforce. Example #3: TOMS. You get the idea.
In this article, we’ll explain why that should be and how your company can avoid S&OP problems by investing correctly in the people and their interrelationships , without which it’s simply impossible to tie the moving parts of S&OP together. S&OP is ostensibly a numbers game, of course. The Supply Chain Head.
For example, the Delta variant of COVID-19 may cause an increase in infection and disruptions to business in the fall. Of course, expectations are uncertain. COVID-19 caused a global upheaval in order fulfillment processes throughout 2020. As we enter the second half of 2021, there are abundant signs of improvement and optimization.
This article by Morai Logistics covers several ways in which this pandemic differs in how it impacts supply chains from usual disruptions. For example, if a supply chain is temporarily stymied by some extreme weather event. Of course, these differences don’t universally hold true, they are simply common enough to be noticeable.
There are, of course, many other examples where assumptions had led to risks being accepted in advance of war, and preparedness failures occurred as a result. Nonetheless, and in due course, Defence will have to work with its partners in Government, industry and the community writ large to ensure the opportunity is not squandered.
ARTICLE SUMMARY. So I will use Sydney as an example. If a number of locations all meet these needs, then of course the comparative cost of land and buildings becomes important. If you liked this article, please comment below. As a consultant, I have been dealing with this particular problem for the past 30 years or so.
With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. In short, you can’t. I can think of a few more.
Apparel, for example, has too many subdivisions to be a true niche — there’s athleisure, swimwear, cocktail dresses, and so on and so forth, to infinity and beyond. Going back to the apparel example, let’s say a prospective buyer is looking for a shirt. Of course, obstacles are just that, obstacles. What Are Niches Not?
And when we feel uncertain, humans tend to look for examples of what others in our situation have done. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions.
Since I first published this article back in 2009, warehouse design principles haven’t altered that much, but as we received many comments, including requests for more information, I figured it might be a good idea to expand on the original piece. For example, we need to know if we can get to the required level of packaging unit.
Disclaimer: This article is a zoom out for the less freight-inclined. And, of course, when anyone buys goods in a store, part of that cost is freight. For example, with the current steel shortage , factories aren’t able to produce as many cans as usual. Let’s talk freight. . More freight costs, higher consumer costs. 13, 2021.
Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution.
This article by Morai Logistics presents 6 of the most prominent trends in supply chain today. As important as forecasting is, it’s agility that’s gained greater attention over the course of this year. Agility is More Important Than Ever. COVID-19 has done little to dampen that demand.
The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. Rework – due to errors.
All of the headlines leading up to Christmas were about how retailers and parcel carriers were struggling to keep up with the record amount of online orders and deliveries for the holidays (see WSJ article UPS, Overwhelmed by Online Orders, Warns of Delivery Delays and Reuters article Surging online orders slow Wal-Mart delivery network ).
As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy. For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know?
For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. For example, every purchase order costs money to raise and process, as does every invoice. Supplier Defect Rate.
Standardise and Digitise The key to managing complexity, of course, is to be organised. Naturally, there is much more to return inventory management than we have space for in this article. So what can you do to ensure your inventory management meets the challenge of multichannel sales?
ARTICLE SUMMARY. In this article, which is based on a YouTube video on the subject, I will explain why this is so by addressing the following three questions: What is benchmarking, why do it, and how to do it? The key bit of information is, in this case of course: How fast is the fastest person? Why do we Benchmark?
For example, since Brenny instituted a program to help drivers quit smoking, five have already given up the habit. Throw in a little fun Of course, owning a family business has its challenges. For example, when they accomplished last year’s goal, Brenny took the entire team on a trip to the Bahamas. Like this kind of content?
I am a supply chain management industry analyst, so that will be a primary focus of this article. OTM is a very mature application, for example. Oracle’s primary example of what they were doing to bring deeper industry solutions to market was what they are doing to support the healthcare industry.
Of course, a lack of support from universities means that there are no locally produced supply chain professionals. However, I think the only way to make meaningful progress in these geographies is, of course, to have local talent there all the time helping to solve these problems. Kenya is a big exception.
Unless you’ve lived in a cave the last three years, you probably have read many articles about cool applications of artificial intelligence. For example, you probably heard about how a machine learning algorithm allowed the machine to beat the best humans in Go or in Poker in the past year. Take IBM’s Watson for example.
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