Point Metric

Point Metric

Employ Metrics For Supply Chain Optimization

Copyright (c) 2010 Randall Mauldin

Customer satisfaction can be improved through the implementation of strategic supply chain management based on effective metrics, talented managers, and an understanding that performance is based on interrelated nodes. Managers can make decisions based on quantitative data, instead of intuitive hunches. The most successful supply chains are based on metrics connecting customers, vendors, and logisticians throughout the procurement process. Ultimately, a company will experience reduced cost, improved responsiveness, and better customer service with the supply chain metrics.

Supply chains synchronize nodes to achieve maximum efficiency. Recognizing problems and proactively implementing solutions provide opportunities for managers to link operations to critical factors, enable appropriate allocation of resources, and improve trust across the supply chain. When sales are flat, executives should consider procurement performance as a way to improve profitability.

Procurement efficiency is not considered a strategic part of an organization because supply chains are not optimized, incentives are not tied to procurement performance, and technology is considered a quick fix to fundamental errors within the supply chain. Managers need the responsibility of monitoring key metrics and held accountable for performance. Leading companies consider supply chain management as a strategic part of their business and seek out opportunities to reduce expenses and increase efficiency.

To accomplish effective management, metrics need to be aligned across multiple organizations and focused on critical areas that contribute to success. Metric misalignment and inappropriate measures of performance result in inefficient procurement processes, missed opportunities, or conflict between nodes in the supply chain. Managers focus on evaluating internal performance with financial metrics, such as inventory turns and carrying costs, that do not reflect supply chain efficiency. Performance metrics lean toward internal performance and do not evaluate performance as interrelated nodes; supply chains require alternative metrics to monitor performance. The complexity of this task involves aligning independent operations and assigns a manager to account for the performance of the entire supply chain, not necessarily the performance of one part of the chain. The ultimate goal is to create a cooperative effort across functional areas and across companies to enable a seamless effort to support business objectives.

Although data may be collected, it requires analysis and usable presentation to be useful to managers. An example of useful analysis is the development of simulation models that estimate future performance based on historical data. To maximize efficiency and effectiveness, points of measure need to center on the customer throughout the process. Based on the current economic crisis, businesses need to find value within internal processes to increase value for the customer. Studies have shown that the results of strategic procurement practices are a return on investment of 40 percent by lowering costs, improving productivity, and increasing opportunities. When we consider leading companies manage their supply chains as a strategic part of their business and the significant return on investment, managers should consider how their supply chains could be improved to recover profits during these difficult economic times.

About the Author

to learn move about procurement as a strategic part of your business visit us at
http://jackquinnsolutions.com

Topics in Metric Fixed Point Theory $46 Metric Fixed Point Theory has proved a flourishing area of research for many mathematicians.

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The Ambient Metric $47.28 This book develops and applies a theory of the ambient metric in conformal geometry. This is a Lorentz metric in "n"+"2" dimensions that encodes a conformal class of metrics in "n" dimensions. The ambient metric has an alternate incarnation as the Poincar metric, a metric in "n"+"1" dimensions having the conformal manifold as its conformal infinity. In this realization, the construction has played a central role in the AdS/CFT correspondence in physics. The existence and uniqueness of the ambient metric at the formal power series level is treated in detail. This includes the derivation of the ambient obstruction tensor and an explicit analysis of the special cases of conformally flat and conformally Einstein spaces. Poincar metrics are introduced and shown to be equivalent to the ambient formulation. Self-dual Poincar metrics in four dimensions are considered as a special case, leading to a formal power series proof of LeBrun's collar neighborhood theorem proved originally using twistor methods. Conformal curvature tensors are introduced and their fundamental properties are established. A jet isomorphism theorem is established for conformal geometry, resulting in a representation of the space of jets of conformal structures at a point in terms of conformal curvature tensors. The book concludes with a construction and characterization of scalar conformal invariants in terms of ambient curvature, applying results in parabolic invariant theory.

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Software Metric $76.47 High Quality Content by WIKIPEDIA articles A software metric is a measure of some property of a piece of software or its specifications. Since quantitative methods have proved so powerful in the other sciences, computer science practitioners and theoreticians have worked hard to bring similar approaches to software development. Tom DeMarco stated, You cant control what you cant measure. Modern software development practitioners are likely to point out that naive and simplistic measurements can cause more harm than good. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 88 Publication Date: 2010/10/18 Language: English Dimensions: 9.02 x 5.98 x 0.21 inches

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