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.

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.

Trending Sources

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.

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.

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.

Utilizing Data to Benchmark Performance

Supply Chain Link

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.

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Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider.

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.

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.

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.

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.

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.

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.

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

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.

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.

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 […].

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.

How are your Supply Chain KPIs or Vital Signs?

Logistics Bureau

Articles Benchmarking Business Improvement Performance Measurement - KPIs Supply Chain Benchmarking supply chain KPIsWhen did you last check your Supply Chain ‘vital’ signs? I started the New Year off with a Health Check, as I usually do. Not for my Supply Chain, but my personal Health.

The Logistics of Benchmarking European Freight Rates

CHAINalytics

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

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.

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. By using the data in a global trade network to benchmark company performance metrics, you’re provided with a much clearer picture as to how well the company is performing. Your supply chain’s key performance indicators support tactical, day-to-day business decisions, so ensuring you are reading them correctly is imperative.

Significant Announcement Between APICS and JD.com in Supply Chain Management Skills Development

Supply Chain Matters

Online Customer Fulfillment Supplier Management Supply Chain Skills Supply Chain Talent Management APICS Inc APICS training initiatives JD.com supply chain initiatives SCORmark Omni Channel Benchmark for China Supply chain Matters blog Supply Chain Operations Reference Model-SCOR

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

Uncategorized benchmarking Metrics That Matter2016 is around the corner. For the supply chain leader, it is time to reflect and build budget targets. To help, in this blog post, I share industry trends.

TMS Reporting and Rate Benchmarking Avoid Spot Market at Two-Year Highs

Supply Chain Collaborator

Another best practice involves setting rate benchmarks in all lanes , and in particular, those that are identified via reporting as high frequency utilizers of the spot market. The post TMS Reporting and Rate Benchmarking Avoid Spot Market at Two-Year Highs appeared first on UltraShipTMS.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Free Supply Chain Benchmarking Chapter. Using KPIs for performance measurement ensures that you are always evaluating your business activity against a static benchmark. We have benchmarked almost 1,000 Supply Chains! Some More KPI Related Pages: At Benchmarking Success.

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Tompkins International Awarded Top Supply Chain Consulting Firm

Creating Supply Chain Excellence

Our whole team here at Tompkins International has recently been recognized by Gartner. The post Tompkins International Awarded Top Supply Chain Consulting Firm appeared first on Tompkins International.

Benchmarking Transportation Processes With TMS Data

Inbound Logistics

Using the data the TMS is already providing can help shippers improve their transport operations

How Digital Disruptions are Affecting Supply Chains

Creating Supply Chain Excellence

Blog 3PL Benchmarking and Best Practices Consumer Products distribution operations Material Handling INtegration Retail Supply Chain PlanningJim Tompkins, CEO, Tompkins International has just released his newest thought leadership video, Supply Chain Revolutions: Responding to Digital Disruptions along with The Survival Guide to Digital Disruptions white paper. The post How Digital Disruptions are Affecting Supply Chains appeared first on Tompkins International.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

They can also compare their performance with SCOR benchmark data (as available) for their particular product/customer supply chain. Articles Benchmarking Performance Measurement - KPIs Supply Chain Benchmarking Supply Chain Performance

Do You Know When it’s Time for a Freight Review?

Logistics Bureau

At Logistics Bureau, we offer a range of freight review and benchmarking packages, each guaranteed to deliver benefits valued at five times the package fee. Articles Benchmarking Cost Saving

Connect. Supply Chain Leadership Forum 2016.

Creating Supply Chain Excellence

Blog 3PL Automotive Aftermarket Benchmarking & Best Practices Consumer Products distribution operations Energy and Resources Industrial Distributors Material Handling INtegration Network Design Pharmaceutical & Healthcare Private Equity Retail Special Services Supply Chain IT Supply Chain Planning Transportation ManagementWe are less than six months away from the premium Tompkins International Supply Chain Leadership Forum 2016. The post Connect. Supply Chain Leadership Forum 2016.

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Tompkins International Awarded Top Supply Chain Consulting Firm

Creating Supply Chain Excellence

Blog 3PL Benchmarking & Best Practices Consortiums Consumer Products distribution operations Energy & Resources Industrial Distributors Material Handling INtegration Network Design Pharmaceutical & Healthcare Private Equity Retail Special Services Supply Chain IT Supply Chain Planning Transportation ManagementOur whole team here at Tompkins International has recently been recognized by Gartner.

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Developing the Business Case for Supply Chain Optimization

Talking Logistics

I encourage you to watch the rest of my conversation with Derrick for additional insights and advice, including his definition of Supply Chain Optimization (which he breaks down into four categories: benchmarking, network modelling, transportation simulation, and network design) and the type of data, tools, and resources required to perform each of those categories.

How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

Articles Benchmarking Case StudiesAt the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement.

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.

Trust, But Verify

Supply Chain Shaman

Demand demand driven Digital Supply Chain planning benchmarking decision support demand planning Sales and operations planning Supply chain planning user satisfaction warehouse planningWhen I joined the world of software as a business analyst from manufacturing, I was naive. How so?

5 Easy Ways to Monitor Supply Chain Health

TMC

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.

2016: Building a Balanced Scorecard for Discrete Industries

Supply Chain Shaman

Bricks Matter metrics that matter Supply Chain Supply Chain Excellence benchmarking Metrics That Matter2016 is around the corner. For the supply chain leader it is time to reflect and build budget targets. To help, in this blog post I share industry trends.

What Digital Components Are Effecting Your Supply Chain

Creating Supply Chain Excellence

Blog 3PL Benchmarking & Best Practices Consumer Products distribution operations Material Handling INtegration Network Design Pharmaceutical & Healthcare Retail Special Services supply chain it systems Supply Chain Planning Transportation ManagementJim Tompkins, CEO, Tompkins International has just released his newest thought leadership video Supply Chain Revolutions: Responding to Digital Disruptions along with The Survival Guide to Digital Disruptions white paper.