Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. APQC – a benchmarking, best practices, and performance improvement organization – is one place you can get these numbers. There need to be long-term forecasts examining what demand is expected over the coming year or years.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Kinaxis

JULY 18, 2014

The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. Think about those design, sourcing and delivery challenges. A supply chain based so heavily on external sources is susceptible to more risk than catching a flight on time out of Newark.

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Aerospace Supply Chain Strategy 224

Logility

OCTOBER 22, 2019

Over the last 45 years, demand planning solutions have become more powerful, easier to use and more affordable allowing any size business to gain value through their use. Maturity curves have become a popular way to visually benchmark your company’s state of development in a particular business capability. IRI – Syndicated Data Source.

Optimal Sourcing 105

Optimal Sourcing Modeling Supply and Demand Optimization Software 105

ToolsGroup

JULY 26, 2016

Many firms benchmark and measure this plan to validate its accuracy and identify areas for improvement by measuring Forecast Value Added (FVA)—any change in forecast performance that can be ascribed to a process step or a participant’s input. Identifying the sources of error in the forecast builds greater accountability for the forecast.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

Supply Chain Shaman

JUNE 21, 2023

Companies that operate separate systems for revenue management and demand management create a risk in understanding market trends and gauging price elasticity quickly. With the increase in product complexity, many companies have demand latency longer than supplier lead time.

Gartner 351

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” I am often asked to benchmark demand. Low volume inconsistent demand. Use this data to understand demand predictability. If demand error is extremely high, traditional demand management techniques are of limited value.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Supply Chain View from the Field

APRIL 1, 2015

Step 2 – Develop Metrics and Data Sources. A major output of the first phase of the metrics development process is a set of functional strategic objectives, including business unit or supply chain management strategic objectives. Step 5: Measure Current Performance and Benchmark with Best-in-Class Competitors.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60