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.

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.

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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.

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.

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.

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.

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.

2020 Database Strategies and Contact Acquisition Survey Report

As buyer expectations continue to heighten, marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. This report aims to highlight the current state of B2B database and contact acquisition strategies, and organizations’ goals to leverage data to fuel their go-to-market strategies in 2020 and beyond.

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 Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation.

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.

2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. By aggregating data in a standard format directly from E2open’s planning applications, the study overcomes the pitfalls of self-reported information and creates a reliable benchmark to help companies in the pursuit of planning excellence. What does best-in-class forecasting and inventory management look like?

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

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.

Buyer's Guide for Supply Chain Network Design Software

Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours. This Buyer’s Guide helps you find easy-to-use technology to become more proactive and less reactive when it comes to network design and optimization.

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.

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. 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

Metrics that Matter: Manufacturing Performance Benchmarking

QAD

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 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. How do your fulfillment operations compare to this leading […]. Inventory Management Omni-channel logistics Retail

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. . _. According to CLX Logistics’ Mike Challman in an article in this month’s Inbound Logistics , 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.

What Is A Supply Chain Benchmark?

Aborn and Co.

A typical answer we receive when we ask a perspective client if they’ve done a supply chain benchmark is, “what is a supply chain benchmark?” That answer is simple – a supply chain benchmark is no different than any other type of benchmark. It’s a comparison between one or more things where performance is measured.

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.

Tecsys Analytics with WERC Benchmarks

Tecsys

The post Tecsys Analytics with WERC Benchmarks appeared first on Tecsys. Analytics Business Intelligence Posts Supply Chain benchmarks collaboration context EliteSeries Analytics EliteSeries BI partnership performance management Perspective Supply Chain Management Vision wercIt has been said that you can't manage what you can't measure. In the world of analytics, this is our daily mantra.

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. Whether comparing performance across your own warehouses and DCs, or benchmarking your warehouse network against external organisations, there are a number of performance elements that should be taken into account. Articles Benchmarking Warehouse

What The F Is A Supply Chain Benchmark?

Aborn and Co.

when's the last time you benchmarked your supply chain Listen to this article!

Benchmarking Career Development

Inbound Logistics

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

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. S&OP culture and leadership has often been proposed as a mechanism to improve S&OP performance.

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. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena. 8 Most Beneficial Uses of Supply Chain Benchmarking. Let’s begin with one of the most commonly cited uses for supply chain benchmarking.

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. Steven, you were a customer of Benchmarking Success with three different companies, most recently as Supply Chain Director with Ingram Micro, the world’s largest IT distributor. My first step was to engage Benchmarking Success (BMS) to understand what the “best” for each business really meant from an independent source.

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] #logistics #supplychainmanagement #english #abivin #metrics #KPI #routeoptimizationsoftware. Managing your business operations would be challenging without proper metrics and data analytics.

Distribution Center & Warehouse Operations Benchmarking with John Monck

Logistics Bureau

It’s an exciting tool that Logistics Bureau have to look at benchmarking warehouses or DC, so specifically for your warehouse…” – John Monck, Logistics Bureau’s Consulting Manager. Benchmarking Distribution Centre Videos Warehouse DC Operations Benchmarking warehouse

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. Where EBIT or EBITDA per inventory $ or per working capital $ helps in getting meaningful benchmarks and aligned targets, they are not common financial metrics. Benchmarking EBITDA% versus Inventory Turns.

Benchmarking Career Development

Inbound Logistics

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

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. Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Logistics, which involves supply chain and transportation.