Performance Metrics
In this Supply Chain Byte, Lisa Anderson shares practical insights on how manufacturers should think about performance metrics to make critical operational and strategic decisions that drive supply chain success.
In this Supply Chain Byte, Lisa Anderson shares practical insights on how manufacturers should think about performance metrics to make critical operational and strategic decisions that drive supply chain success.
Encouraging strong teamwork paves the way for successful projects completion which contribute to company improvements and growth.
As companies experience slowing backlogs, high interest rates, and inflationary spikes in costs over the last few years, revving up sales and keeping margins intact has become of paramount importance.
An early warning indicator should provide a heads up to changing conditions in your end-to-end supply chain. With all the volatility, uncertainty, complexity, and ambiguity (VUCA) in the supply chain, it is vital to get a heads up to risks, potential dangers, and opportunities coming down the pike.
Common sense is uncommon. Lately common sense seems to be in short supply. However, it is worth pursuing as there is a powerful return on investment (ROI) in using common sense.
Manufacturers wish they left supply chain shortages behind after the pandemic, but they remain top of mind. Concerns remain. According to KPMG, “71% of global companies highlight raw material costs as their number one supply chain threat for 2023.”
Simple metrics drive results. Whether a food and beverage manufacturer or an aerospace distributor, measuring the "right" metrics will focus attention on key issues and drive results.
As manufacturers and distributors emerge from the coronavirus pandemic, they are focused on how to grow revenue and become more efficient and profitable to offset the typically negative impacts of COVID. In the situations where business has grown exponentially in consumer industries such as B2C (e-commerce), home improvement and [...]
Learn how implementing SIOP can drive revenue predictability and growth for your business with these insights from Lisa Anderson.
My colleague and I led a Kaizen workshop on metrics last week with a process manufacturing client. It is always interesting to brainstorm which metrics are the most relevant in tracking a company's success. They are NOT always the same.