Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking.

Improve Your Response Time to Market Through Effective Benchmarking

Talking Logistics

In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach. The benchmark itself in this instance could be reflective of two different approaches. An alternative method to establish a benchmark is to consider the transportation budget itself.

How to Benchmark?

Logistics Bureau

Well, I asked Steven Thacker one of our benchmarking management experts, exactly that question! What is Benchmarking? Benchmarking is essentially comparing; comparing one against another. Those levels are “benchmarks”. You can benchmark for individuals and also for teams.

Benchmarking Your Supply Chain Planning in 2017

ToolsGroup

The ToolsGroup customer base of more than 300 companies has allowed us to access a wide array of supply chain planning data for benchmarking in different industries and different circumstances. We hope that this analysis sheds light on supply chain benchmarking and KPIs.

Forwarder / Broker Benchmark: Challenging Times for Logistics Intermediaries

Logistics Viewpoints

This past spring, we conducted a benchmark study with over 100 forwarders and brokers to evaluate how macroeconomic changes were impacting them, the strategies and tactics they were using to be successful and the importance of technology to their business. Forwarders and brokers are a critical part of international supply chains. They operate in incredibly competitive markets that can be characterized by tight margins and highly influenced by regulatory change.

Common Sense Warehouse Performance Metrics for Supply Chain Benchmarking

Logistics Bureau

If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Some Common-sense Warehouse Benchmarking Metrics.

Benchmarking Success: Focus on what Matters

Logistics Bureau

He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. My first step was to engage Benchmarking Success (BMS) to understand what the “best” for each business really meant from an independent source.

Mental toughness in business planning; a mindset benchmark

Supply Chain Trend

S&OP mindset benchmark insights. Some companies run their Sales & Operations Planning (S&OP) with great effectiveness. However, too often S&OP maturity and performance stalls, even when the supporting S&OP processes and systems are properly implemented.

What role should logistics providers play in supply chain performance and benchmarking?

The Network Effect

The post What role should logistics providers play in supply chain performance and benchmarking? Visibility of the potential value locked in the current environment is a key driver in a supply network transformation and is being provided by today through cloud-based network platforms.

An Omni-Channel Fulfillment Benchmark: How Do You Compare?

Logistics Viewpoints

Omni-channel fulfillment is arguably today’s hottest supply chain topic. My colleagues and I have written a number of blog posts on individual case studies on this topic. Here is a case study on an anonymous major US retailer that likely has a store location near you.

8 Uses for Supply Chain Benchmarking and Their Most Valuable Benefits

Logistics Bureau

If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. 8 Most Beneficial Uses of Supply Chain Benchmarking.

Six Steps to successful Supply Chain Benchmarking

Supply Chain Movement

The need to benchmark supply chain performance runs deep in many companies. For many companies, the search for benchmarking data becomes the end in and of itself, rather than the means to an end.

TMS SuperUser Secrets – Benchmarking Using TMS Data

Supply Chain Collaborator

Benchmarking TMS data improves and enhances service levels by providing comparisons of customer service-related activities. . _. This type of benchmark exercise helps companies understand how they compare to others and enables them to change as needed.

Financial Benchmarking for Inventory Turns and Working Capital

Arkieva

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns.

Strategic Benchmarking in the Supply Chain Triangle (Part 1)

Arkieva

A next logical question is if we can somehow capture this from publicly available financial data and benchmark companies on this strategic level. When benchmarking SG&A it is crucial to verify whether that includes or excludes the R&D costs.

Strategic Benchmarking in the Supply Chain Triangle (Part 2)

Arkieva

Deriving a strategic benchmark for Product Leadership, Operational Excellence and Customer Intimacy in the Supply Chain Triangle. The benchmark is specific for the segment of the high-tech sector we have been studying. We start with defining the benchmark for a product leader.

Benchmarking Career Development

Inbound Logistics

Inbound Logistics Editor Felecia Stratton discusses the merits of supply chain continuing education

End-to-End Logistics Capabilities: Best-in-Class Performance Benchmark

Oracle SCM

Joan Lim , Sr Product Marketing Manager. With the pressures of customer driven demand affecting businesses today, having strong logistics end-to-end capabilities contribute to a seamless end-to-end supply chain execution, leading to better orchestration and optimization.

George East set a new benchmark for all future improvement projects with Slimstock

Manufacturing & Logistics IT

The business behind some of Britain's leading kitchenware brands including Tala and ChefAid, has established a new benchmark by which all future supply chain projects will be judged

DAT Introduces New Broker Benchmarking Service

DAT Solutions

DAT has launched a new benchmarking service for freight brokers that provides a level of detail found nowhere else in the industry. More than 25 key performance indicators are tracked, including: DAT Broker Benchmarking goes beyond just gross margin.

Bring Your Logistics Operation Out of the Dark with Benchmarking

4 Way Logistics

This is the value of benchmarking. Setting logistics benchmarks requires a shipper to look inward but also outwardly as well. This means some important benchmarks are things best measured against yourself. Effective benchmarking is not just about rates either.

Terra’s Forecasting Benchmark Study 2012

Supply Chain Movement

Terra’s Forecasting Benchmark Study is a pretty comprehensive survey. Reports benchmark study CPG industry demand planning forecasting supply chain Terra Technology The Consumer Packaged Goods (CPG) industry faced another year of challenges from economic turbulence and weak consumer confidence in 2011. Given the volatility and rapid pace of promotional activities and product innovation, the gradual increase in forecast error since 2009 comes as no surprise.

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

planning benchmarking supply chain analytics Supply chain planning digital innovation planningThis week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain.

Still Time to Participate in SCDigest Second Benchmark Study on Retail and Vendor Supply Chain Relationships

Supply Chain Digest

Research Covers Collaboration, Barriers to Improved Supply Chain Efficiency, Vendor Compliance and More

Home Delivery Benchmark – A Detailed View

Logistics Viewpoints

The strategies, tactics and technology of home delivery are evolving quickly and constantly. It’s tough to keep up with the innovation that is happening in home delivery and also sort out the reality from the hype in the press. As Chris Cunnane described in his report Descartes Evolution – Logistics in Motion, we conducted a survey of a number of our customers to get a broader sense of what was actually happening and how retailers […].

Who’s Using TMS, Why and How? Notes from the 2016 TMS Benchmark Study

Supply Chain Collaborator

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. Notes from the 2016 TMS Benchmark Study appeared first on UltraShipTMS. Respected analyst outfit Gartner’s recent estimates suggest the global TMS market is currently at or around $1.2 billion. They project growth in the TMS market by 2020 to reach more than $1.8

Measure Company Growth with This Key Benchmark

DAT Solutions

Best Practices and BenchmarksYou monitor all aspects of your freight brokering business. You’ve practically memorized your targets and current numbers for revenue, margin, costs and profits. Lately, however, it seems as if your key performance indicators just don’t tell the whole story. Market conditions are literally out of your control, but they have a big impact on your business.

Industry Commentary: American Shipper Global Transportation Benchmark Study

Supply Chain Nation

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” The study surveys practitioners from a variety of industries as well as a cross section from a diverse organizational scale. It is an excellent report covering a number of pertinent industry aspects and challenges around developing visibility sophistication globally.

Benchmarking your Supply Chain - Value Unchained - ModusLink

ModusLink Corporation

Reduce Costs: Invest In Talent

Supply Chain Shaman

Due to popular demand, we are kicking-off an organizational benchmarking effort. Our goal is to have companies participating in this benchmarking study to share insights with each other in a networking session in a facilitated share group in January 2018.

SCDigest Launches Second Benchmark Study on Retail and Vendor Supply Chain Relationships

Supply Chain Digest

Research Covers Collaboration, Barriers to Improved Supply Chain Efficiency, Vendor Compliance and More

Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

Cerasis

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined.

The Logistics of Benchmarking European Freight Rates

CHAINalytics

The post The Logistics of Benchmarking European Freight Rates appeared first on Chainalytics.

5 Key Metrics to Monitor, Benchmark and Optimize Transportation Spend

Logistics Viewpoints

In the volatile and ever changing domestic transportation market in N. America, there is a growing need. What is it? It’s simple; it is a need to efficiently and effectively measure, track and monitor the right metrics to better manage, control and optimize costs.

Better Service at Half the Cost

Logistics Bureau

Benchmarking Business Improvement Free Logistics and Supply Chain Events Training & Education benchmarking Supply Chain BenchmarkingWould you like to deliver superior customer service… at half the cost of the Competition? Well you can… Oh.

Is Inventory Waste or an Asset?

Supply Chain Shaman

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Before the benchmarking work, I believed that companies that were better forecasters would be better at inventory management.

Supply Chain News on New SCDigest Benchmark Study on Supplier Integration

Supply Chain Digest

We are in an Increasingly Outsourced World. How Do Companies Maintain Visibility and Control