Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Benchmarking is not Benchmarking.

Benchmarking Your Supply Chain Planning in 2017

ToolsGroup

The ToolsGroup customer base of more than 300 companies has allowed us to access a wide array of supply chain planning data for benchmarking in different industries and different circumstances. Bear in mind that it is not always easy to establish homogeneous and comparable benchmarking measurements. We hope that this analysis sheds light on supply chain benchmarking and KPIs. Forecasting Demand and Analytics Supply Chain Planning

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Descartes’ Second Annual Ecommerce Supply Chain & Logistics Benchmark Survey

Descartes

Descartes is pleased to announce the launch of our Second Annual E-commerce Supply Chain & Logistics Benchmark Survey. The goal of the study is to tap businesses insight on the issues, strategies, and tactics that matter most in this dynamic industry

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

Six Steps to successful Supply Chain Benchmarking

Supply Chain Movement

The need to benchmark supply chain performance runs deep in many companies. Although companies are in desperate need of data, they often struggle with how to use it effectively and struggle when it comes to what constitutes valid benchmark data, how to compare their own data to the benchmark data and, most importantly, what conclusions they should draw from it? The point of benchmarking is to provide information to be used in decision making and action.

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, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. Efficient supply chains may not be the most effective.

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

This 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. This model endorsed ERP as the system of record for the supply chain. To me, the integrated supply chain made no sense. Actualizing the vision of a tightly integrated supply chain. In contrast, the supply chain is horizontal in nature.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. I am often asked to benchmark demand.

Buyer's Guide for Supply Chain Network Design Software

Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours. This Buyer’s Guide helps you find easy-to-use technology to become more proactive and less reactive when it comes to network design and optimization.

Robust Benchmarking Is Still The Exception

CHAINalytics

By Steve Banker July 24, 2017 Companies love benchmarking data. Bad benchmarking data gives companies the illusion they are running their business professionally. It is often the opposite; bad benchmarking often leads to poor decisions. Good benchmarking … The post Robust Benchmarking Is Still The Exception appeared first on Chainalytics.

Improve Your Response Time to Market Through Effective Benchmarking

Talking Logistics

Given these conditions, all stakeholders in an efficient supply chain must have appropriate levels of visibility to costs as quickly as possible. In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach. The benchmark itself in this instance could be reflective of two different approaches.

What role should logistics providers play in supply chain performance and benchmarking?

The Network Effect

Visibility of the potential value locked in the current environment is a key driver in a supply network transformation and is being provided by today through cloud-based network platforms. Because of the end-to-end ubiquity of logistics in the supply chain, logistics service providers (LSPs) are in a unique position to provide these types of services. The post What role should logistics providers play in supply chain performance and benchmarking?

Announcing the Supply Chains to Admire 2015

Supply Chain Shaman

Tomorrow, I present the Supply Chains To Admire 2015 Analysis at the Supply Chain Insights Global Summit in Scottsdale, AZ. The theme is “Imagine the Supply Chain of 2025.” At the event, we will also announce the winners of the Supply Chains to Admire methodology for 2015. Today, supply chain excellence is easier to say than define. Sharing of the Supply Chains to Admire Work.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

This morning, we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed standard for supply chain excellence. We think deep research to help companies determine benchmarks and set goals. The Supply Chains to Admire analysis is now in its third year.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

This statement is specifically true in Logistics, which involves supply chain and transportation. In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark.

What Is A Supply Chain Benchmark?

Aborn and Co.

A typical answer we receive when we ask a perspective client if they’ve done a supply chain benchmark is, “what is a supply chain benchmark?” That answer is simple – a supply chain benchmark is no different than any other type of benchmark. It’s a comparison between one or more things where performance is measured.

Chainalytics Partners with Mexico-based Consulting Firm Tsol to Launch Intra-Mexico Freight Benchmarking Service

CHAINalytics

Atlanta, GA (March 11, 2019) — Chainalytics, a global leader in supply chain consulting, analytics, and market intelligence has entered into a strategic alliance with Tsol, a Mexico-based consulting firm and logistics technology provider, to deliver its freight rate benchmarking service within Mexico.

Five signs its time for supply chain transformation

Kinaxis

Some transformations follow a convention, but in supply chain that’s rarely the case. Leaders from Bose, Boston Scientific and ON Semiconductor shared key lessons from their supply chain transformations, including what led them to consider change. If these stories sound familiar, it might be time for your supply chain to change too. Everything may seem fine until a bump in the road reveals the truth: There are blind spots in the supply chain.

What The F Is A Supply Chain Benchmark?

Aborn and Co.

when's the last time you benchmarked your supply chain Listen to this article!

How to Benchmark?

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. When we compare different levels of sophistication and performance in supply chains, we can identify particular levels that we think are important to achieve, or that represent typical performance levels for supply chains as a whole. Those levels are “benchmarks”.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. With changing product profiles, short life cycles, constraints with downstream suppliers, and changing markets, being good at supply chain planning matters. In this tough market excellence in supply chain planning is a critical element to be competitive. Supply chain planning and the discipline and rigor is a different way of working.

Utilizing Data to Benchmark Performance

Supply Chain Link

Collecting data and utilizing that data to establish performance benchmarks is extremely valuable. These benchmarking metrics can be used to compare performance factors against competitors, industry averages, and previous performance metrics. Supply Chain 3plThere is more data available today than ever before 1. The analysis of this data can help shippers gain insight into how they can improve, Read More.

The Most Reliable Supply Chain…Without Technology?

Cerasis

Of course, we live in a high technology powered supply chain world, but often, as we noted in our 5 Upfront LTL Tips post, if you don’t remember the basics and best practices, no technology is going to fix those issues, but only make them more apparent. We hope you enjoy this great story about supply chain without technology. . Is your supply chain running as effectively as it should be? These companies have huge supply chains with a global reach.

2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. This public version of the study provides the “state of the nation” for forecasting, inventory and supply performance in North America. What does best-in-class forecasting and inventory management look like?

8 Uses for Supply Chain Benchmarking and Their Most Valuable Benefits

Logistics Bureau

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. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena. 8 Most Beneficial Uses of Supply Chain Benchmarking. Learn How to Develop a Best-in-Class Supply Chain.

Supply Chain KPIs You’ll Want Every Morning

Logility

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Supply chain cost per unit sold.

Common Sense Warehouse Performance Metrics for Supply Chain Benchmarking

Logistics Bureau

If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Whether comparing performance across your own warehouses and DCs, or benchmarking your warehouse network against external organisations, there are a number of performance elements that should be taken into account.

Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider.

What Kindergarten Lesson Applies Best to Supply Chain Technology?

Talking Logistics

Similarly, in supply chain applications, you are heavily reliant on connectivity and communication with your supply chain partners including carriers, suppliers, and customers. For supply chain applications, this often means faster, better optimization, more robust reporting, and quicker response times, which all contribute to increased effectiveness.

The top 25 supply chains and Survivor

Kinaxis

by CJ Wehlage A few years ago, Kevin O’Marah said Gartner’s Top 25 Supply Chains was getting increasingly boring. Gartner’s Top 25 Supply Chains has become like watching Survivor, the reality TV show that places people on a remote location, where they outwit, outplay and outlast the others. As I’ve stated in the past, if Gartner was to see Samsung’s supply chain up-close, they would rank them first.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart. Blockchain Data Supply Chain Technology

Forwarder / Broker Benchmark: Challenging Times for Logistics Intermediaries

Logistics Viewpoints

Forwarders and brokers are a critical part of international supply chains. This past spring, we conducted a benchmark study with over 100 forwarders and brokers to evaluate how macroeconomic changes were impacting them, the strategies and tactics they were using to be successful and the importance of technology to their business. They operate in incredibly competitive markets that can be characterized by tight margins and highly influenced by regulatory change.

Strategic Benchmarking in the Supply Chain Triangle (Part 1)

Arkieva

In our previous blog “ Linking the Supply Chain Triangle to Strategy ”, we have shown how we can map the 3 strategic options proposed by Treacy & Wiersema to the Supply Chain Triangle. Figure 1 – Mapping Treacy & Wiersema to the Supply Chain Triangle. A next logical question is if we can somehow capture this from publicly available financial data and benchmark companies on this strategic level.