KPIs vs Benchmarking

Logistics Bureau

Confused about supply chain KPIs and performance benchmarking? Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. 3 Ways to Benchmark to Boost Supply Chain Performance.

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. In addition, it will imbue you with some knowledge about best practices—and the secrets to freight-benchmarking success. What is Freight Benchmarking? There’s no dark art to freight benchmarking.

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Why Benchmarking in Your Supply Chain is Vital?

Logistics Bureau

Supply Chain Benchmarking is one of the best ways to identify cost and service improvement opportunities in your Supply Chain. Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking.

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. Benchmarking is not Benchmarking. There are many different meanings/understandings of the term supply chain benchmarking in the industry. Figure 1: Supply Chain Planning Benchmarking Methodology Overview.

Test Your Knowledge of Sales & Operations Execution

Many supply chain professionals have already taken this assessment spanning across multiple industries and 20 countries. The 15-question assessment takes only 5 minutes to complete. Take it now to see how your S&OE process scores and benchmark it against peers. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach!

3 Ways to Benchmark to Boost Supply Chain Performance

Logistics Bureau

I have benchmarked supply chains for businesses all over the world for 25 years or so and have seen some incredible results. If you’ve never done a benchmarking exercise before, read on. The Benefits of Benchmarking. You might be wondering what the benefits are of benchmarking.

3 Ways to Benchmark to Improve Your Supply Chain

Logistics Bureau

BENCHMARKING your Supply Chain is recognized as one of the Top 3 Management Tools to improve Supply Chain performance. So in this episode, we will talk about the 3 Ways of Effective and Efficient Benchmarking. Benchmarking Success: The What, Why, How of Supply Chain Benchmarking.

Apples versus Apples Benchmarking

Logistics Bureau

Related articles on this topic have appeared throughout our website, check them out: How to Benchmark Your Supply Chain. Benchmarking Supply Chain Supply Chain Benchmarking Videos apples v apples apples versus apples apples vs apples

The What, Why, How of Supply Chain Benchmarking

Logistics Bureau

Business benchmarking is recognised as one of the best management tools around. But what exactly is supply chain benchmarking and why is it so important? In business, a benchmark is a measure of performance. How to benchmark? The Origins of Benchmarking.

How to Select the Right KPIs for Supply Chain Benchmarking

Logistics Bureau

Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. They will also provide valuable guidance in the use of key performance indicators for performance benchmarking. That application is called supply chain benchmarking.

How Does Your Inventory Optimization Process Compare to Peers?

The 15-question assessment takes only 5 minutes to complete. Take it now to see how your inventory optimization process scores and benchmark it against peers. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach!

How to Benchmark Your Supply Chain

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.

Basic Introduction on Supply Chain and Logistics Benchmarking

Logistics Bureau

What is Supply Chain Benchmarking? Robobyrne: Warehouse & Distribution Centre Benchmarking Case Study. Benchmarking Success: Why Performance Benchmarking is a Powerful Management Tool. Dawson Consulting: Why Supply Chain Benchmarking Matters for Small Businesses.

5 Key Supply Chain Assessment Benchmarks

Arkieva

5 Key Supply Chain Assessment Benchmarks was first posted on April 12, 2022 at 7:52 am. ©2017 If you're looking to improve your supply chain management systems, these quick tips can help you get started.

2021 Third-Party Logistics Warehouse Benchmark Report

Supply Chain Brain

The Third-Party Logistics Warehouse Benchmark Report provides insights on 30+ strategic topics ranging from growth opportunities, profitability, the labor shortage, warehouse space constraints, technology, success measurements, and more

New Planning Maturity Assessment

In today's new supply chain paradigm, resilience and agility are key. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!

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. Bear in mind that it is not always easy to establish homogeneous and comparable benchmarking measurements. We hope that this analysis sheds light on supply chain benchmarking and KPIs. Scenes from a recent ToolsGroup user conference.

Logistics & Supply Chain Management Society (LSCMS), Supply and Distribution Group Launches Global Logistics Service Provider Benchmarking Index

The Logistics & Supply Chain Management Society

Logistics & Supply Chain Management Society (LSCMS), Supply and Distribution Group Launches Global Logistics Service Provider Benchmarking Index.

Enforce Freight Rate Compliance with UltraShip’s Benchmarking Features

Supply Chain Collaborator

Rate Benchmarking Capabilities Built into UltraShipTMS deliver Optimized Freight Spend Management. The post Enforce Freight Rate Compliance with UltraShip’s Benchmarking Features appeared first on UltraShipTMS. Features Videos benchmarking compliance freight rates rate management rating[link]. Enforce Strict Freight Rate Compliance and ensure you’re getting the most competitive market pricing from your base of carriers.

White Paper: 5th Annual Global Transportation Management Benchmark Survey

The Supply Chain Journal

For the last 5 years, Descartes has conducted one of the industry’s most comprehensive annual benchmarking surveys of hundreds of transportation decision makers.

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

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.

Robust Benchmarking Is Still The Exception

CHAINalytics

By Steve Banker July 24, 2017 Companies love benchmarking data. Bad benchmarking data gives companies the illusion they are running their business professionally. It is often the opposite; bad benchmarking often leads to poor decisions. Good benchmarking … The post Robust Benchmarking Is Still The Exception appeared first on Chainalytics.

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”. Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. The first thing you’d want to know is “what is the benchmark?” You can benchmark for individuals and also for teams.

Descartes’ Second Annual Ecommerce Supply Chain & Logistics Benchmark Survey

Descartes

Descartes is pleased to announce the launch of our Second Annual E-commerce Supply Chain & Logistics Benchmark Survey. The goal of the study is to tap businesses insight on the issues, strategies, and tactics that matter most in this dynamic industry

New Planning Maturity Assessment

In today's new supply chain paradigm, resilience and agility are key. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!

Chainalytics Partners with Mexico-based Consulting Firm Tsol to Launch Intra-Mexico Freight Benchmarking Service

CHAINalytics

Atlanta, GA (March 11, 2019) — Chainalytics, a global leader in supply chain consulting, analytics, and market intelligence has entered into a strategic alliance with Tsol, a Mexico-based consulting firm and logistics technology provider, to deliver its freight rate benchmarking service within Mexico. Feature Freight Market Intelligence Consortium Press Release Chainalytics FMIC fmic mexico Freight Market intelligence Freight Rate Benchmarking mexico transportation rate benchmarking tsol

Six Steps to successful Supply Chain Benchmarking

Supply Chain Movement

The need to benchmark supply chain performance runs deep in many companies. Although companies are in desperate need of data, they often struggle with how to use it effectively and struggle when it comes to what constitutes valid benchmark data, how to compare their own data to the benchmark data and, most importantly, what conclusions they should draw from it? The point of benchmarking is to provide information to be used in decision making and action.

Utilizing Data to Benchmark Performance

NFI Industries

Collecting data and utilizing that data to establish performance benchmarks is extremely valuable. These benchmarking metrics can be used to compare performance factors against competitors, industry averages, and previous performance metrics. There is more data available today than ever before 1. The analysis of this data can help shippers gain insight into how they can improve, Read More. Supply Chain 3pl

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. After benchmarking the average transit time from your warehouse, you can precise it more easily. Core Benchmarks: Transportation [link

Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? How can new technologies help your team improve? Find out in this new research report.

Benchmarks, analysis, monitoring and forecasts — Midday Market Update

The Supply Chain Journal

Lintner and Vincent also promote their new show Benchmarking, Analyzing, Monitoring and Forecasting, which will hit FreightWavesTV with Zach Strickland soon.

6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

The post 6 metrics tips and tools to benchmark P2P Digital Transformation appeared first on Ivalua. Vishal Patel, VP Product Marketing, Ivalua [link]. Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.

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.

Breaking Down the EU's Latest Sustainable Business Benchmarks

Supply Chain Brain

The EU Sustainable Finance Taxonomy is a classification system that defines which economic activities contribute towards six essential environmental objectives

New Buyer's Guide for Supply Chain Network Design

Many companies are looking to redesign their supply chain network to lower costs, improve service levels and reduce risks in the new year. Check out our updated Buyer's Guide for Supply Chain Network Design Software with research insights and learnings!