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How to Benchmark Your Supply Chain

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.

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L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. In consumer goods industries, better forecasting leads to lower fines from retailers for late or incomplete deliveries. This increases sales.

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Do You Have What It Takes to be an Omni-Channel Experience Leader?

BlueYonder

These retailers excelled in offering distinctive experiences and demonstrated functional maturity across all evaluated areas. In fact, speed of delivery has slowly become one of the top three purchase decision influencers, along with price and return policy. Why does this matter?

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Untangling The Tangled Web We Weave

Supply Chain Shaman

Was it that Kraft was not clear in its definition of supply chain excellence (which was true) or not clear on how to best use the system (which was also true)? The industry is getting less value of supply chain planning than in the 1990s when the platforms were first defined, and supply chains were regional. The problem is simple.

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The Journey of Supply Chain Excellence

Logility

You’ll note in the headline I use the preposition “of” instead of “to” when describing the “journey of Supply Chain Excellence.” The differentiator is whether Supply Chain Excellence is defined as a one-time project or as on ongoing process. Circuit City failed to adapt and is now history.

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Top Takeaways from Coupa Inspire

Logistics Viewpoints

The visibility to spend allows them to provide excellent benchmarking in several areas. Initially, this product will focus on the purchase order (PO) acceptance process. Coupa’s Take on Platform Fatigue The top executives at Coupa had a private briefing for industry analysts. That has recently changed.