QAD

JULY 23, 2020

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important?

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

Tompkins Blog

JANUARY 13, 2014

These skills vary, including obtaining benchmark metrics with best in class operations and/or key competitors. They can also require identifying the right processes, practices, and enabling technologies that should be analyzed to identify areas where high value improvements are possible. Article Supply Chain Supply Chain Assessment'

Continuous Improvement 45

Continuous Improvement Pharmaceutical Supply Chain Design Software Supply Chain Strategy 45

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Regular review and report on service providers’ performance against these benchmarks., Regular performance reviews and reporting on the performance of transportation service providers against predefined benchmarks helps in identifying areas of improvement and ensures that service levels are consistently met.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Supply Chain Shaman

NOVEMBER 10, 2013

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking.

Supply and Demand 228

Supply and Demand Forecasting Forecasting Software Modeling Software 228

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. Though service levels were already very good versus external benchmarks, the number of stockouts dropped a further 75% from 2016 levels. The results?

Customer Service 191

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 191

20Cube Logistics

MAY 7, 2022

Any organisation works well and produces desired results in the long term, only when it strives for regular improvement. Basic principles of Kaizen, a Japanese philosophy of “continuous improvement”, has been continuously used as an important tool by many organisations to achieve the same.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Network Software 75

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. But how do you know if you are using the right KPIs, including both stakeholder and supply chain performance measures?

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Unleashed

APRIL 18, 2024

Toyota, renowned for its Toyota Production System, sets the benchmark in the industry incorporating lean principles to enhance efficiency, reduce production times and improve product quality. JIT demands meticulous planning, a culture of continuous improvement, and responsiveness to meet the dynamic needs of the food market.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

SCMDOJO

MARCH 19, 2024

Furthermore, They are tasked with developing strategies, managing relationships with suppliers and partners, and continuously improving the supply chain. Measuring and Monitoring Supply Chain Performance To ensure continuous improvement in the supply chain department, businesses need to measure and monitor performance regularly.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Talking Logistics

MARCH 22, 2020

Bill Madden, VP of Logistics-as-a-Service at BluJay Solutions, discusses how shippers can leverage benchmarking data to gauge their performance and drive continuous improvement. Podcast version (click to play): The post [Video] What Does Great Look Like in Logistics? appeared first on Talking Logistics with Adrian Gonzalez.

Video 130

Video Logistics Network Optimization Software Benchmarking Logistics 130

DynaSys

AUGUST 17, 2021

But setting performance and KPI objectives allows you to understand business targets and find ways to continuously improve your business. It also creates an opportunity to benchmark your company’s overall performance.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Pivot88

NOVEMBER 30, 2023

The PEF’s influence extends beyond Europe, as international companies and markets often look to such benchmarks when considering their own environmental strategies. The ultimate goal of the PEF is to reduce the environmental impact of products and encourage more sustainable consumption and production.

Supply Chain Design Software 52

Supply Chain Design Software Retail Resource Reduction Manufacturing Procurement 52

GlobalTranz

OCTOBER 21, 2015

The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. One of the goals of the SLA/KPI should be Continuous Improvement or Kaizen (LEAN initiative). As the two partners implement Continuous Improvement or Kaizen cost reduction will follow.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Talking Logistics

MAY 9, 2019

These are the types of questions a logistics partner can help you answer, with their consultants and industry experts using state of the art tools and applications for network studies, benchmarks and the implementation of new technology.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Software Supply Chain Optimization Logistics Network Optimization Software 123

Talking Logistics

NOVEMBER 17, 2015

Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. External benchmarking pertains to the world outside of your enterprise. A watching brief on industry trends.

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

Talking Logistics

FEBRUARY 10, 2016

A similar value proposition exists from a continuous improvement standpoint, or as Derrick put it, “If you don’t have a baseline, you really can’t tell if you’re improving.”. The [decisions you make] will be different if you have hard data backing you up instead of just intuition and history.

Optimal Sourcing 100

Optimal Sourcing Modeling Supply Chain Optimization Optimization Modeling 100

Exiger Perspectives

JULY 5, 2023

The event, held May 12 in London, is an annual gathering for industry leaders in the UK and across Europe to benchmark strategy and best practices on how to stay efficient and vigilant in today’s ever-changing financial ecosystem. Illegal wildlife trade (IWT) is a crime rarely discussed in the FCC world, despite its prevalence today.

Russia 52

Russia Supply Chain Design Software Supply Chain Risk Management Risk Management 52

QAD

MAY 4, 2023

In general, the Full assessment is used between the OEM and Tier 1 suppliers, while the Basic assessment is used in the lower tiers of the automotive supply chain.

Supply Chain Planning Software 96

Supply Chain Planning Software Automotive Material Savings Scenario Planning 96

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Talking Logistics

AUGUST 21, 2015

Leveraging market intelligence is not only important during a procurement engagement, it’s also critical for identifying and executing continuous improvement opportunities. What type of continuous improvement opportunities can market intelligence enable? How do you collect or access this market intelligence?

Optimal Sourcing 100

Optimal Sourcing Continuous Improvement Procurement Transportation 100

Arkieva

NOVEMBER 15, 2016

For organizations committed to a continuous improvement process for their supply chain and other business processes, now might be an excellent time to perform a supply chain management assessment. A comparison of the operations with best-in-class operations to determine areas of improvement.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 60

ThroughPut

JANUARY 2, 2024

Beyond these measurable gains, JIT also cultivates an organizational culture steeped in continuous improvement and operational efficiency. This approach requires a dedication to continuous improvement, an emphasis on quality and dependability, and a willingness to invest in the necessary resources and technology.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

GlobalTranz

DECEMBER 29, 2015

Our (now Army, as our Development Manager, Jerel Byrd calls them) development team are always continually improving the Cerasis TMS, as we know it is vital to have a system that is not only innovative, but sound, secure, and enables those in transportation to do their job all while doing it cost effectively.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

GlobalTranz

AUGUST 14, 2018

Even the most robust plans for continuous improvement in the supply chain will fail without data-driven insights, so blockchain and supply chain analytics can team up to ensure accuracy in reporting, as well as ongoing benchmarking. Think about it.

Analytics Software 121

Analytics Software Supply Chain Software Supply Chain Planning Software Analytics 121

ThroughPut

JANUARY 28, 2019

The company is setting ever-higher benchmarks for the industry around automation, tracking, robotics, and machine learning in its warehouses, and avoiding stock-outs, for example, while retaining the sheer number of products constantly available in stock.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

AFFLINK

MAY 11, 2017

Accountability may also involve a regular review of the effectiveness and efficiency of systems and conforming to audit recommendations for continuous improvement. Meeting quality expectations may involve meeting international and national standards such as ISO 9001. Recognizing Competencies.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Talking Logistics

OCTOBER 18, 2016

Shippers looking for technology to incorporate into their transportation operations should first take the opportunity to benchmark their entire network. You need the right strategy and processes behind it. Then, and only then, can they determine what technology solution, or if outsourcing to a 3PL, is best for their business.

Demand Planning Software 100

Demand Planning Software Supply Chain Planning Software 3PL Supply Chain Network Software 100

Supply Chain Movement

MARCH 27, 2014

Key topics that will be addressed at the 16th Annual Supply Chain and Logistics Summit include: Improving demand management planning and customer collaboration. Moving beyond existing approaches to Continuous Improvement and Lean in order to engrain them at the heart of your business. Register for £995 by 25th April.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 90

Talking Logistics

SEPTEMBER 12, 2017

A sense of complacency can lurk behind benchmarks. Going “red,” defined as not meeting stated goals, should not be treated as an abject failure if continuous improvement is anywhere in your business plan. As a leader, you need many tools to eliminate this mindset. Don’t measure to justify.

Metrics 106

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 106

Supply Chain Shaman

JULY 12, 2015

Invest in benchmarking salary comparable(s) for your region. In the modeling of demand, many companies track demand error as part of continuous improvement programs. Thinking that the Forecast cannot be Improved. Drive Continuous Improvement. Figure 3: Years in Planning Positions.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning S&OP Forecasting 150

QAD

MAY 16, 2019

Benchmark supply chain operations. Facilitate continuous improvement. A deeper alignment between strategies, objectives and continual improvement. The assessment also establishes a common definition of supply chain management processes to help organizations: Determine the robustness of existing internal processes.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

Supply Chain Shaman

JUNE 9, 2016

With the evolution of big data analytics, these Supply Chain Operating Network architectures are evolving: prescriptive and cognitive analytics enhanced by more advanced visualization and benchmarking. As shown in Figure 2, buyers and suppliers push continuous improvement, and Kaizen events, in supplier development programs over B2B programs.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Precoro

DECEMBER 11, 2023

How the Strategic Sourcing Process Works Strategic sourcing is done through identifying the best suppliers , negotiating favorable contracts with them, and maintaining long-term relationships , as well as through continuous improvements to the purchasing workflows. Benchmarks, analysis, and improvements.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Veridian Solutions

OCTOBER 2, 2019

This is genuine continuous improvement in the supply chain. . Preparation and execution of a successful peak season plan must include these steps: Benchmark your systems to determine volume flexibility, says Manhattan Associates. The State of Automation in Warehouse Management. Download a Copy of the White Paper.

Retail 40

Retail Material Savings Supply Chain Planning Software Inventory Reduction 40

KEPLER Consulting

MARCH 23, 2018

Utilize benchmarking to identify gaps across BU/Regions and optimized sourcing strategies. Improve Sourcing Strategies through optimized supplier allocation per cluster. Drive continuous improvement through a robust cost model, increased skills, and improved cross-functional collaboration. Advantages. Limitations.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

ivalua

JANUARY 22, 2019

One that is distinct from your MBOs, which are likely based on continuous improvement of performance aimed at closing the gap with best-in-class. There is nothing wrong with benchmarking yourself and striving to improve performance to match the best of your competition. The problem with Best-in-Class.

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113