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 Your Supply Chain Planning in 2017


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.

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6 metrics tips and tools to benchmark P2P Digital Transformation


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.

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

Descartes’ Second Annual Ecommerce Supply Chain & Logistics Benchmark Survey


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

Robust Benchmarking Is Still The Exception


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”. You can benchmark for individuals and also for teams.

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


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

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.

Buyer's Guide for Supply Chain Network Design Software

Benchmarking: Avoid Being The Tallest Pigmy

Logistics Viewpoints

Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. The post Benchmarking: Avoid Being The Tallest Pigmy appeared first on Logistics Viewpoints. Business Intelligence benchmarking

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.

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.

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.

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.

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.

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.

Get Your Reality Check – A Supply Chain Technology Innovation Benchmark Study

Amber Road

This industry report, Reality Check: Supply Chain Technology Innovation Benchmark Study , works to help you do just that.

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.

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


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.

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.

Strategic Benchmarking in the Supply Chain Triangle (Part 1)


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.

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 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.

Benchmarking Career Development

Inbound Logistics

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

Strategic Benchmarking in the Supply Chain Triangle (Part 2)


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.

3rd Annual Transportation Management Benchmark: Where Does Your Company Stand?


Three years ago, we started the Transportation Management Benchmark Survey because we were seeing some companies be incredibly successful in transportation management and positively impact their company’s performance while others just struggled to get value.

2016 Forecasting Benchmark Study: Highlights


E2open’s 2016 Forecasting Benchmark Study is an in-depth analysis of demand planning performance and the benefits realized by industry leaders from sensing demand. The post 2016 Forecasting Benchmark Study: Highlights appeared first on E2open | Demand.

Benchmarking Career Development

Inbound Logistics

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

Benchmarking your Supply Chain - Value Unchained - ModusLink

ModusLink Corporation

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


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.

How hurricanes affect freight

DAT Solutions

Best Practices and BenchmarksHurricane season always brings the risk of massive disruptions – not just to supply chains, but to people’s lives and well-being.

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

Sit Back or Lean In: The Options for Furniture Manufacturers Facing Impending Tariffs


Blog Feature Transportation consumer durables fleet modeling fleet optimization freight benchmarking freight transportation last mile consultant last mile consulting Last Mile Delivery Network Design Supply Chain Network Design Transportation BenchmarkingConsumer goods and electronics manufacturers are busy figuring out what they’re going to do in December when President Donald Trump’s 10 percent tariff on an estimated $300 billion worth of Chinese imports takes effect.

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