The functions of a
firm comprising its supply chain process, planning & forecasting,
production, purchasing and supplier management, materials management,
order management, distribution and transportation, collectively and on
an integrated basis control the great majority of the firm’s fixed and
working capital assets. This integrated process has numerous performance
points which can be measured as execution occurs from start to finish.
These points of measure, metrics, have been gathered and analyzed from
thousands of companies in industry by leading universities such as
Northwestern, MIT, Michigan State, Ohio State and Tennessee forming a
body of knowledge from which 'best practice’ performance can be derived
allowing comparatives to be made by any firm to determine its successes
and opportunities for improvement.
Within the Supply
Chain and Operations Management Practice at LSM Consulting are
professionals who have participated and led some of the basic research
work in this field principally with Northwestern and MIT and who, as a
first step in evaluation of supply chain functionality, recommend
performance analysis to best practices in order to quickly develop a
profile of company operations allowing focus to be made on areas of
specific improvement opportunity.
The Performance
Analysis program is a 4-6 week project comparing a firm’s supply chain
integrated process execution to best practices and results in evaluation
of performance based on metric comparatives and recommendations, where
appropriate, for corrective action. From this program management is able
to quickly determine action programs for improvement where required and
reward superior performance where warranted.
