Logistics Bureau

OCTOBER 20, 2021

Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process. Documents included in the metric can vary but usually include advance shipment notifications (ASNs), labels, and invoices. Delivery documentation is completed accurately. x 0.96 = 0.8661.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Pivot88

NOVEMBER 30, 2023

The PEF’s influence extends beyond Europe, as international companies and markets often look to such benchmarks when considering their own environmental strategies. Be ready to provide necessary documentation and facilitate verification processes.

Supply Chain Design Software 52

Supply Chain Design Software Retail Resource Reduction Manufacturing Procurement 52

QAD

SEPTEMBER 23, 2021

Customs/Document Screening Failures. The incidence of screening failure during global trade management – customs activities and documents which move goods across borders – and their attendant potential for monetary penalties most frequently arise from decentralized and outmoded processes. The benefits far outweigh the costs.

Global 52

Global Resource Reduction Expense Reduction Cost Reduction Strategies 52

The Network Effect

MAY 15, 2015

The Supply Chain Operations Reference model (“SCOR”) can be useful for measurement and benchmarking purposes. It is a top down approach where at its lowest level an enterprise can try to map how they run the business to how the taxonomy is structured in order to try and derive some value out of the benchmarks.

Modeling 100

Modeling Modeling Software Supply Chain Software Supply Chain 100

Material Handling & Logistics

DECEMBER 3, 2018

Four separate factors contribute to achieving a “perfect order”: the delivery must arrive complete, on-time, undamaged, and with proper documentation. According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Share data.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

New Horizon Supply Chain Blog

OCTOBER 21, 2022

While SCOR is a reference model rather than a mandatory technical standard, it has a major impact because it provides the de facto standard framework for how organizations think about, measure, benchmark, and improve their supply chains. The new interactive model is available on their site here.

Modeling Software 52

Modeling Software Modeling Sourcing Strategies Gartner 52

Stord

AUGUST 5, 2020

The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Logistics Viewpoints

NOVEMBER 23, 2020

Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. Though service levels were already very good versus external benchmarks, the number of stockouts dropped a further 75% from 2016 levels. The results? Often the stock outs are not a planning issue.

Supply and Demand 192

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 192

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Freightos

AUGUST 29, 2019

Referring to the three largest European container carriers’ commitments to DCSA (standardization protocols), TradeLens (document sharing) and Traxens (real-time container shipment visibility), SeaIntelligence Consulting’s Lars Jensen concluded they have, “decided that now is the time to accelerate the digital transformation of the industry”.

Logistics Network Optimization Software 202

Logistics Network Optimization Software Real-time Visibility Price Reduction Cost Reduction Strategies 202

Supply Chain Game Changer

FEBRUARY 23, 2021

This article is a compilation of our best articles documenting that journey of leadership and discovery, which in some cases resulted in achieving Best in Class results. In our latest “Featuring” article we provide a list of all of the articles we’ve created, so far, documenting our journey.

Agile and Lean Supply Chain 104

Agile and Lean Supply Chain Global Lean Network Optimization Software 104

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. The halal trust of a brand is measured through a consumer survey, analysing the consumer perception of the halal logo, excellence, transparency, halal authenticity, and intention.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. In order to get chargebacks reversed, you're going to have to prove that the documentation you provided was accurate, available, and provided to your customer. Is your EDI up to snuff? Is your data clean?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. In order to get chargebacks reversed, you're going to have to prove that the documentation you provided was accurate, available, and provided to your customer. Is your EDI up to snuff? Is your data clean?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Material Handling & Logistics

JULY 16, 2018

From the product to its condition and even documentation, the demand for excellence involving all parts of the process has intensified. When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Inaccurate Billing.

Supply Chain Software 74

Supply Chain Software Supply Chain Network Software Analytics Software Modeling Software 74

Supply Chain View from the Field

AUGUST 24, 2015

John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product. The team will benchmark industry leaders to document and define best practices for measuring total acquisition cost.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

QAD

MAY 4, 2023

The MMOG/LE is a required document for automotive supply chain best practices approaching 57,000 site assessments globally (and growing) for Tier 1 and Tier 2 suppliers since its first publication in 2002. MMOG/LE is used by automotive customers to select and evaluate production and parts, service and warehousing processes.

Supply Chain Planning Software 96

Supply Chain Planning Software Automotive Material Savings Scenario Planning 96

GlobalTranz

OCTOBER 21, 2015

It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. The more KPIs, the more difficult the negotiation process. 9 Key Topics to Understand to Frame A Shipper's Mind for Effective KPI Management.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Logility

MARCH 12, 2021

Time series forecasting is predictive – but that’s well documented. Do you have very low accuracy levels compared to some reasonable benchmark? Predictive analytics, practically, cover any effort to use the analysis of historical data points to anticipate what will most likely happen in the future.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Precoro

DECEMBER 11, 2023

By establishing requirements and formalizing them in a corporate sustainability strategy document, teams can significantly limit the number of potential suppliers. Benchmarks, analysis, and improvements. The company needs to define where they stand on sourcing and production sustainability. Target cost.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

MAY 22, 2023

Typically in the form of a document, it entails formulating defined objectives, determining vendor selection criteria, choosing a budget, and establishing a timeframe for execution. The company can also include any relevant standards that need to be met, such as sustainability certifications or performance benchmarks.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Multichannel Merchant

APRIL 7, 2022

The EPA’s SmartWay program is the gold standard for shippers seeking to become more sustainable by helping them measure, benchmark and improve efficiency. Shippers that become SmartWay certified can use it to show customers, investors and employees their commitment to creating more sustainable shipping.

Sustainability 111

Sustainability Shipping Waste Reduction Modeling 111

NC State SCRC

MARCH 19, 2023

Accordingly, the framework for assessing federal government preparedness (using pandemic planning as an illustrative example), offers a benchmark towards reviewing emergency planning on a level 5 to level 1 measure. Recommendation Four: Training of key individuals in conjunction with risk planning is an important component to planning.

Supply Chain Planning 40

Supply Chain Planning Scenario Planning Supply Chain Government 40

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Talking Logistics

MARCH 24, 2015

Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. Your RFP will be much more successful with a documented carrier strategy. Speak to your carrier partners and solicit their point of view (what are they seeing?). Performance Management Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

AFFLINK

MAY 11, 2017

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. With benchmarks and associated key performance indicators in place, a small or mid-sized business can establish long-term collaboration, lower costs, and build financial strength. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Silvon Software

JULY 22, 2022

High performers for this KPI tend to track and document separate components such as on-time delivery rate, complete shipment rate, undamaged shipment rate and correct documentation rate in order to identify root causes and mitigate future issues. 60% to 70% is considered a good benchmark of inventory levels.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Material Handling & Logistics

JUNE 7, 2018

Benchmark companies are rethinking data storage, moving away from databases and document-centered practices toward the use of advanced analytical abilities to access individual data points no matter how the information is organized.

Supply Chain Planning Software 95

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Software Analytics Software 95

Sourcemap

JUNE 3, 2019

Understand your risks: benchmark your suppliers to make sure that they live up to your codes of conduct, and incentivize them to improve performance year over year. This includes collecting data on their practices and comparing that self-reported data with trusted third-party sources.

Supply Chain Software 45

Supply Chain Software Sustainability Supply Chain How To 45

Freight Plus

NOVEMBER 28, 2018

Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Once you have all of your ducks in a row and you're seeing progress in eliminating chargebacks vs your own internal metrics, it is now time to benchmark your program against others. Technology. Is your EDI up to snuff?

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Arkieva

NOVEMBER 15, 2016

Using industry benchmarks from best-in-class operations can help you identify where your business might be lacking and in need of improvement. Benchmarking also presents you with ideas on how you could implement certain improvement projects, making a daunting task look attainable.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 60

Shipchain

NOVEMBER 29, 2018

Blockchain could streamline the management of paperwork and documentation which would lower freight spend for ocean carriers by up to 20%. Here are some characteristics to look out for: Freight spend that exceeds benchmark rates. And let’s face it, extra money is always a good thing. Repeat instances of spot surcharges.

Analytics Software 95

Analytics Software Supply Chain Software Optimization Software Supply Chain Optimization 95

EcoVadis

MAY 31, 2018

In addition to sharing results with stakeholders to enhance business relationships, companies use our ratings to benchmark and guide improvements in sustainability performance, and use the data when reporting to other evaluations and indices. Why else might a company seek a rating? What areas does it cover? They may add as many users (e.g.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

NC State SCRC

APRIL 6, 2019

A 2015 article from the International Association for Contract and Commercial Management (IACCM) cited that a benchmark study which states 77% of respondents have a digital repository for their contracts but only 52% use software to support review, approval, and other functionality falls. [2] References. 1 Consilio. 2 Cummins, Tim.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

Supply Chain Game Changer

APRIL 29, 2020

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Know the market and the rates that are prevalent.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

SCMDOJO

MARCH 19, 2024

Import / Export Lead Overseeing import/export operations, including documentation, customs compliance, and shipping arrangements. By regularly monitoring these metrics, businesses can identify trends, benchmark performance against industry standards, and take proactive measures to improve performance.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74