Logistics Bureau

MARCH 15, 2022

Supply Chain Benchmarking is one of the best ways to identify cost and service improvement opportunities in your Supply Chain. Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. 3 Ways to Benchmark to Boost Supply Chain Performance.

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Benchmarking KPI Supply Chain Supply Chain Performance 74

Logistics Bureau

APRIL 4, 2022

So how can you be sure you’re getting the best freight rates possible? The answer is to benchmark your freight, of course. In addition, it will imbue you with some knowledge about best practices—and the secrets to freight-benchmarking success. What is Freight Benchmarking?

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Logistics Bureau

MARCH 23, 2021

BENCHMARKING your Supply Chain is recognized as one of the Top 3 Management Tools to improve Supply Chain performance. So in this episode, we will talk about the 3 Ways of Effective and Efficient Benchmarking. Benchmarking Success: The What, Why, How of Supply Chain Benchmarking. Best Regards, Rob O’Byrne.

Benchmarking 87

Benchmarking Supply Chain Software Supply Chain KPI 87

ToolsGroup

AUGUST 20, 2021

The goal is not just to understand how much inventory is available, but what service levels are being achieved without the aid of expediting and other forms of manual intervention. Often, it turns out that firms are servicing their customers at, say, 92%, when they think they are closer to 95-96%.

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Modeling Inventory Reduction Inventory Forecasting 317

PLS Logistics

JULY 7, 2022

Supply chain benchmarking is necessary to measure performance and improve productivity but can seem like a daunting task. Learn how to start with this guide.

Benchmarking 52

Benchmarking Logistics Network Optimization Software Supply Chain Logistics 52

Logistics Bureau

AUGUST 16, 2017

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.

Benchmarking 40

Benchmarking How To KPI Agile and Lean Supply Chain 40

Proxima

NOVEMBER 2, 2022

Innovation takes time, and many are figuring out how to really collaborate for the first time. The result, the Scope 3 Maturity Benchmark. The model is designed to be used by large organizations to create a benchmark of where they stand, but also to understand what they might do next if they followed the path trodden by others.

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Benchmarking Resource Reduction Modeling Modeling Software 52

ivalua

SEPTEMBER 10, 2019

You’ll learn more about how to improve P2P visibility and access to data. . The post 6 metrics tips and tools to benchmark P2P Digital Transformation appeared first on Ivalua. Join experts from The Hackett Group and Ivalua at this webinar as they break down P2P best practices and metrics.

Negotiate Pricing 140

Negotiate Pricing Metrics Supply Chain Software Benchmarking 140

Logility

FEBRUARY 8, 2023

We believe users should be able to generate results immediately and be able to benchmark a model against their known costs. Think of our network optimization reference data as a tariff that you can adjust to match your businesses behavior.

Modeling 130

Modeling Optimization Modeling Modeling Software Network Optimization Software 130

Logistics Bureau

JUNE 22, 2021

Related articles on this topic have appeared throughout our website, check them out: How to Benchmark Your Supply Chain. Product Handling needs. Product Temperature needs. Number of orders processed. Number of customers. KPI Key Performance Indicators in Supply Chain & Logistics. Best Regards, Rob O’Byrne.

Benchmarking 52

Benchmarking KPI Supply Chain Logistics 52

Talking Logistics

JUNE 21, 2021

Read more Benchmarking – How to Drive Performance in Volatile Times. The post Benchmarking – How to Drive Performance in Volatile Times appeared first on Talking Logistics with Adrian Gonzalez. The problem is that too often companies look only at internal metrics for the answer.

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Benchmarking How To Metrics Logistics 130

Talking Logistics

JULY 18, 2021

They need to know how they’re doing compared to others in the industry. Read more [Video] Benchmarking – How to Drive Performance in Volatile Times. The post [Video] Benchmarking – How to Drive Performance in Volatile Times appeared first on Talking Logistics with Adrian Gonzalez. How are you doing?”

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Benchmarking Video How To Metrics 130

Supply Chain Game Changer

JUNE 8, 2022

With that being said, let’s look at how to get your target audience and establish customer loyalty. How to reach your target audience. How to build customer loyalty. A loyalty program should have a benchmark for rewards. How to measure customer loyalty. The post How to Build Customer Loyalty!

How To 116

How To Procurement Analytics Supply Chain Design Software Supply Chain Design 116

Logility

JANUARY 10, 2023

Logility customer benchmarking data. Sources 1. “ The Resiliency Compass: Navigating Global Value Chain Disruption in an Age of Uncertainty ,” World Economic Forum, 2021. Risk, Resilience, and Rebalancing in Global Value Chains ,” McKinsey & Company, 2020.

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Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 130

Supply Chain Movement

APRIL 22, 2016

The need to benchmark supply chain performance runs deep in many companies. Once they understand the data, companies struggle with how to translate those conclusions into decisions and, ultimately, into prioritized projects to achieve company goals. Six key factors.

Benchmarking 60

Benchmarking Supply Chain Planning Software Gartner Pharmaceutical 60

Logistics Bureau

JULY 18, 2022

Step 3: External Benchmarking and Competitor Research. Before developing a supply chain strategy that supports performance superior to your competitors, you first need to know how your supply chain currently compares against theirs. Be aware that benchmarking against competitors is no easy task.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Precoro

FEBRUARY 26, 2024

Cost center managers can formulate expected KPIs by benchmarking against industry standards and confirming internal quality standards. Together with the cost center managers, they establish key performance indicators (KPIs) to assess the performance of each cost center against predefined metrics.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Talking Logistics

JULY 27, 2022

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” It’s a question many shippers are asking today as they try to figure out how to best navigate this ever-changing market.

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Benchmarking Procurement Freight Conference 191

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. This article explains what it is, how to measure and improve it, and how to improve your OTIF rate. Regulatory compliance In some industries, meeting OTIF benchmarks is a regulatory requirement.

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Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Logistics Bureau

AUGUST 2, 2022

Related articles on this topic have appeared throughout our website, check them out: Freight Benchmarking: What Is It? So to help you weigh in on what’s best for your business, watch this episode. Why Containerised Freight Shipping is Daunting for SMEs. The Challenge of Freight Container Utilisation and Why it Matters.

Freight 71

Freight Forecasting How To Benchmarking 71

GlobalTranz

JUNE 19, 2018

Benchmarking progress and use of all transportation modes. By lowering freight spend and learning how to procure full truckload capacity, shippers can effectively divert capital from logistics to marketing. The Big Picture Figuring out how to procure full truckload capacity is no small task.

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Procurement Solutions Procurement Analytics Capacity Procurement 175

Turvo

AUGUST 18, 2021

Some of the best practices on how to implement supply chain management systems include avoiding too many systems, keeping an eye on competitors, and creating clear expectations. Benchmark and Analyze the Current Process in Your Existing Supply Chain. In addition to these processes, companies can keep their focus on what matters.

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Analytics Software Demand Planning Software Supply Chain Software Logistics Network Optimization Software 98

Talking Logistics

SEPTEMBER 4, 2022

It’s a question many shippers are asking today as they try to figure out how to best navigate this ever-changing market. The good news is that companies today have greater access to real-time benchmarking data and market intelligence. Read more [Video] Why Benchmarking is the First Step to a Successful Freight Procurement Event.

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Benchmarking Video Procurement Freight 130

The Logistics of Logistics

SEPTEMBER 15, 2023

PATH offers a variety of services, including: Customer benchmarking: PATH helps businesses build the capability to understand their customers’ needs, wants, and pain points better than anyone else can. Use data to know who their best customers are and what they want – exceptional companies don’t guess.

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Price Reduction Company Supply Chain Strategy North America 222

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Unleashed

JULY 2, 2023

In this article, we explore what Days Inventory Outstanding is, how to calculate it, and how to improve the result. Jump down to the How to use Days Inventory Outstanding in your business section of this article to see some benchmark DIO figures for popular retail industries.) What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

Unleashed

FEBRUARY 12, 2024

This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. How to calculate inventory carrying cost To calculate inventory carrying costs, you need to identify and quantify the various expenses associated with holding and managing inventory within your business.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. At Benchmarking Success, we’re here to help you benchmark your supply chain resilience and implement metrics and KPIs to ensure a clear and objective picture of performance. Best Regards, Rob O’Byrne. Phone: +61 417 417 307.

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Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 57

Proxima

SEPTEMBER 6, 2023

We’re delighted to announce that Proxima has made the final of the first ever edie Net Zero Awards where they have been shortlisted for Consultancy of the Year in recognition of The Scope 3 Maturity Benchmark. It’s raising collective capability and creating a powerful ripple effect down the supply chain, supporting the pathway to Net Zero.

Optimal Sourcing 64

Optimal Sourcing Benchmarking Sustainability Procurement 64

QAD

JULY 23, 2020

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important?

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Benchmarking Metrics Manufacturing Six Sigma 132

Logistics Bureau

SEPTEMBER 25, 2016

Has your company discovered how to really turn knowledge into power? 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.

Benchmarking 40

Benchmarking Supply Chain Planning Agile and Lean Supply Chain Supply Chain Strategy 40

QAD

JULY 23, 2020

Benchmarking a business’ performance is a critical step in evaluating performance improvement efforts across the organization. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What is Benchmarking and Why is it Important?

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

Logistics Bureau

DECEMBER 14, 2021

Watch this: Related articles on this topic have appeared throughout our website, check them out: KPIs for Your Warehouse: How to Choose and Use Them. And discover the respective term of each area in these 3 categories: Short, Medium, and Long. KPI Key Performance Indicators in Supply Chain & Logistics.

Supply Chain Strategy 78

Supply Chain Strategy How To Supply Chain Optimal Sourcing 78

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Logistics Managers need to address other elements namely: How do we measure ocean freight spending against market levels? What tools we can use to benchmark ocean freight and carriers’ service reliability? How do we measure carriers’ performance and what criteria do we use during a Quarterly Business Review (QBR)?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Unleashed

MARCH 6, 2024

How can I assess the agility of my current supply chain? To assess the agility of your supply chain, evaluate the strengths and weaknesses of your supply chain processes, capabilities, and performance and benchmark them against best practices and industry standards.

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Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52