Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

Most strategy documents that I am currently reviewing are looking to digitize data to make integration more effective. planning benchmarking supply chain analytics Supply chain planning digital innovation planningThis week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain.

How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

According to our own research at Logistics Bureau, less than 40% of businesses have documented a strategy for their supply chain operations. 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.

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What can the SCOR model do for my supply chain?

The Network Effect

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. Components of perfect include all items and quantities on-time, using the customer’s definition of on-time, complete documentation and in the right condition.

Transportation Assessments are Like Self-Scouting in Football – Due Diligence Matters!

Talking Logistics

This tees up benchmarking to ensure rates are at market. It is easy to over invest in documenting processes since the document is usually at some level wrong the moment the pencil comes off the paper. We joke that companies will spend two hours, two days, two weeks (and if you work with the wrong folks, even two months or even two years) processing documentation efforts.

Adding Value to Your Supply Chain: Seven Cardinal Sins to Avoid

Material Handling and Logistics

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.

Why Your Supply Chain Isn’t Best in Class

Logistics Bureau

Do you know that over 60% of businesses do not have a documented Supply Chain Strategy! Can you find a customer service policy that is documented? Articles Benchmarking Business Improvement Free Logistics and Supply Chain EventsWhy aren’t you there yet? We constantly strive for Best in Class Supply Chain performance , but only 20% of companies ever achieve it.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

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. After the SLA/KPI is an approved document by both the customer and logistics provider, this document and its contents need to be reviewed monthly to begin with, and quarterly thereafter. Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement.

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5 Reasons Why Carriers Are Customer-Obsessed

Freightos

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”.

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How to Leverage Digital Technology in the Supply Chain

Material Handling and Logistics

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. "The digital technologies hitting the marketplace today promise to make the changes in supply chain practice over the next five to 10 years dwarf that which we have seen in the last 10,” says Ted Stank, of UT’s Haslam College of Business.

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How To: Validate Supply Chain Sustainability Claims … And Avoid Greenwashing

Sourcemap

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. Make sure that there is a clear, well-documented business process in place to validate the data through buy-in from internal and external stakeholders and a secure tracking repository.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

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. So, here are a few tips to guide you in completing or beginning the creation of an effective carrier strategy: DO document your: Carrier Vetting Process (Size, type of carrier, safety rating, etc.).

Detention Policies Need to Change in 2018

DAT Solutions

The broker requires "in and out" times documented by the guy who signs the BOL, but that person won’t even speak to drivers. Best Practices and BenchmarksChad Boblett is the owner and driver of Boblett Brothers Trucking of Lexington, KY. Chad also founded the Rate Per Mile Masters group on Facebook, a communications hub for more than 18,000 members, including owner-operators, truck drivers, and other transportation and logistics pros.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The traditional EDI approach inserts a day latency to open and read documents. Unstructured data types like geospatial maps, weather patterns, digital images, warranty information, call-center logs, quality reports and contract document information are not used today. 3) Benchmark Data and Early Alerting. There is also an opportunity for the automated benchmarking and the use of a B2b network as a syndicated data feed.

Supply Chain Cybersecurity: Supply Chain Contractors Need to Improve Cybersecurity Risk

Cerasis

These guidelines give you a good basic benchmark for supply chain cybersecurity in your specific industry and might make you ware of threat vectors you didn’t know about. Don’t be afraid to use specific language and even create legally-binding documents with the help of an expert to make sure each of your partners knows exactly what is expected of them when it comes to how they access and handle your data and that there’s legal recourse in place if they fall short.

Building the Carrier Scorecard: A Guide to Improve Carrier Relations & Shipping Outcomes

Turvo

Furthermore, the scorecard should be a living document that reflects real-time information, but that’s rarely the case. Outdated scorecards are simply bad data documents. Apply Carrier Scorecard Data to Hold Carriers Accountable and Make More Profitable Shipping Decisions The scorecard shouldn’t be a physical, hold-it-in-your-hand document. Carrier scorecards refer to the overall “grade” assigned to carriers by shippers and supply chain partners.

Broker Avoids Ransomware Disaster

DAT Solutions

The brokers also have an app they can use to take photos of documents and send them through their cell phones. Best Practices and BenchmarksRob LaForte, owner of Columbia Fresh Transportation Services. Rob LaForte's holiday break didn't last long. In late December he had planned to close his freight brokerage for a few days so he and his employees could celebrate the holidays.

New Student Projects Suggest Greater Focus on Analytics

Supply Chain View from the Field

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 work with benchmark participants to understand how cost reduction is achieved during product development as well as in production.

Can Technology Improve Contract Renewal Processes? Paper 4 in the Series on Contract Management

NC State SCRC

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] Once a contract is approved, the CLM system can document and track the execution of the agreement based on the agreed upon deliverables.

9 Ways to Reduce Chargebacks with your Vendor Compliance Program

Aborn and Co.

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. 7, Benchmark your data and operation: 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.

Does Your Supply Chain Need Blockchain?

Shipchain

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.

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Design Your Business to Thrive: Four Components of a Smart Supply Chain Modeling Platform

Talking Logistics

Automated Model Building for Simplified Data Analytics and Documentation. Look for a vendor that offers reference and benchmarking data you may lack, such as transport costs, facility costs, and transit time estimates. There are hundreds or thousands of “what-if” questions for businesses to answer in order to build a sustainable, efficient, responsive supply chain. The data required to answer them is in numerous software applications and can take months to gather and cleanse.

MBA Supply Management Class Prepares Exciting New Set of Projects for Fall 2016

NC State SCRC

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. This project presents an opportunity to benchmark salaries (base salary, incentive compensation and equity/stock grants, etc. There is an opportunity to simplify and standardize the processes further through the documentation process.

Examples of How Supplier Quality Management System Implementations Pay Off

Cerasis

Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem. This provides the supplier with a step-by-step, detailed process for executing quality properly, while giving Cequent complete visibility into a supplier’s real-time inspection and compliance data as well as the ability to make characteristic-level changes to the documentation when needed.

3 Components to a Complete Lean Transportation Management System

LeanCor

Below are best practices in each category that are benchmarks for success. Any waste that exists needs to be documented, and problem solving needs to happen around the waste. When we hear “transportation management system” at LeanCor, we don’t just think of software. We think of the people, processes, and technology that work as a whole to move materials and information.

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5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. Ensuring a competitive advantage for customers requires benchmarking areas such as warehousing, inventory control, handling and packaging, order management, and network development against the requirements and preferences given by customers. The late John Wooden focused on fundamentals.

How to Perform a Supply Chain Management Assessment for 2017

Arkieva

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. Is your supply chain ready for 2017? A supply chain management assessment might be exactly what you need to get started.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

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. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Do You Have Hidden Freight Costs?

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S&OP: Five Steps to Get Started

Supply Chain Shaman

I urged him to take his corporate strategy document and set up a meeting with each profit center manager. Customer-Centric Benchmarking. Interested in benchmarking your supply chain on customer-centric strategies? It is Sunday. Today, I assume a familiar position. Now a ritual, with coffee in one hand and country music blaring, I sit in my faded green chair to write a blog post. I have done this for seven years. This afternoon, I am writing my 334th blog post.

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Whew! It Is Finally Happening.

Supply Chain Shaman

It is a good chance for you to benchmark your processes for free. In return, you get a copy of the summary document and a one-hour phone call to educate your team on the findings. I am an old gal. In six months, I will raise a toast to my sixtieth birthday. It is hard for me to believe that I am that old and still working. Many of my friends are retiring. The industry is in flux. Daily, I get notices from Linkedin of job changes. Sometimes, I ask myself, “Where has time gone?”

Building the Business Case for Digital Transformation of Supply Chain Planning

Logility

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. In almost every new supply chain focused industry periodical, you will find an article discussing transformation or digitization.

Supply Chain Sins, Fallacies, and Mistakes

Enterra Insights

’ Perfection is expected in the product, condition, quantity, documentation, and location.”[2] Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Lack of Benchmarking. Surrett writes, “It’s important to validate the true value by benchmarking against others in the sector.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Bill of Lading (BOL) — A legally binding document between a shipper and carrier that details all the information needed to process a freight shipment. EDI is used to exchange documents like purchase orders and invoices. Packing List — A document that specifies the location of each item in a package.

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

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. An evaluation by an external expert with broad global benchmarks such as EcoVadis can give CSR professionals and executives an independent view on their performance, and how it compares to peers.

Collaboration – Are we there yet?

Logility

I do not believe the CPFR model is the standard or benchmark for collaboration among companies today. The benefits are well documented and best practices established, yet only 1 in 5 companies utilize a formal supply chain collaboration technology, what is the delay? For more than a decade, the idea of a close working relationship between trading partners has been one of the Holy Grails of the supply chain.

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

Historically, this was a fairly accurate number, and the customer was using this benchmark of 4% to estimate demurrage cost annually. Keeping international shipments moving on schedule requires the management of multiple regions, ports, languages, government regulations and numerous documents. A TMS designed for global transportation workflows can enable you to automate the management of transportation tasks, shipment visibility and the creation of necessary documents and tasks.