To define logistics requires you to understand that it is really only one integral part of supply chain management. Logistics is the process of transporting goods through each stage of the supply chain into the hands of the customer. However, logistics management is not as simple as scheduling trucks to pick up and deliver goods […]
Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. In sports and athletics, simply observing athletes perform can tell us if they’re good enough, but we use statistics to measure their performance. Players […]
This week, we sat down with supply chain veteran Carol Valentine Fleck. With over 27 years of experience in the world of supply chain, primarily in the manufacturing sector, she’s worked for a few different industries: telecommunications, healthcare, and glass packaging. Her career journey has allowed her opportunities to work internationally in The United States, […]
Cosmetics is a half-trillion dollar industry that is continuing to expand. The cosmetics industry is growing among young people, especially due to increased marketing promotions and paid influencer campaigns on social media, and the recent trend towards focusing on self-care. As with any industry, an efficient and transparent supply chain is necessary in order to […]
In recent years, supply chain disruptions have ramped up largely because of the pandemic, but also because of other economic and political factors. When supply chain disruptions occur, it can cause businesses to lose substantial amounts of money and can damage their reputation if goods aren’t able to arrive to customers on time. Over the […]
Companies use a variety of methods and metrics to track and assess the health of their forecasting capabilities. Two of the most widely used, and most informative metrics are Forecast Accuracy (FA) and Forecast Bias. Using these two metrics, a company can identify trends in forecast performance, conduct root cause analysis to determine drivers of […]
Have you heard of the SCOR Model? It’s a popular methodology that has been used by thousands of organizations to improve their supply chain performance. But what are the benefits, and how does The Owl Solutions leverage SCOR with their software? Revolutionize Your Supply Chain with The Owl Solutions and the SCOR Model The supply […]
What are Supply Chain KIPs? A supply chain KPI, or Key Performance Indicator, is a measurable metric that is used to evaluate the performance of a supply chain. KPIs are typically used to measure the efficiency, effectiveness, and overall performance of the different processes involved in a supply chain. There are a wide range of […]
In today’s highly competitive market, efficient supply chain management is no longer just an option, but a necessity for a company’s success. A company’s finances are closely linked to its supply chain, with many aspects having direct impacts on financial performance in areas such as procurement, inventory management, customer service, logistics, and production. The complexity […]
In the fast-paced world of manufacturing, staying ahead of the competition requires more than just reacting to market demands. To truly excel and drive sustainable growth, manufacturers must embrace proactive supply chain innovation. By shifting from reactive to proactive approaches, businesses can enhance efficiency, reduce costs, and improve customer satisfaction. We will explore why proactive […]
