Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. Benchmarking is not Benchmarking. Business Dictionary.com.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) I never calculated and accounted for the inter-dependencies between metrics.

Procurement Analytics 353

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 353

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). We share the report to help companies benchmark and reflect. Leaders put meaning into their strategies.

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

Logistics Bureau

NOVEMBER 14, 2023

There are numerous areas in the supply chain that can be benchmarked. But what is Supply Chain Benchmarking? What types of benchmarking practices do companies employ? Related articles on this topic have appeared throughout our website, check them out: Freight Benchmarking: What Is It? Why should you do it, and how?

Benchmarking 98

Benchmarking Supply Chain Supply and Demand Metrics 98

Talking Logistics

SEPTEMBER 12, 2017

A sense of complacency can lurk behind benchmarks. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time.

Metrics 154

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 154

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. Benchmarking the forecasting process is difficult. And how can consumer goods companies learn from their performance in this pandemic to prepare for the future?

Supply Chain Performance 290

Supply Chain Performance Inventory Reduction Cost Reduction Strategies Supply and Demand 290

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. What is Freight Benchmarking?

Benchmarking 96

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 96

Logistics Viewpoints

AUGUST 15, 2022

Networks and Benchmarking. Companies seek to benchmark their performance against peers. This data can be used to help procurement departments benchmark their performance. For benchmarking metrics to be valid, they need to be based on a large sample. Coupa calls this community intelligence.

Supply Chain Network Software 315

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 315

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. This starts by clearly defining the roles of each function, and then focusing the cross-functional teams on the same metrics. ’ I answered that I did not know.

Manufacturing Procurement 287

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 287

Logility

AUGUST 5, 2021

But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. Inventory-based KPIs probably make sense for you, but how will you benchmark results? That’s a trap.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business. Companies use these metrics to minimize their investment in inventory without adversely affecting customer service levels.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

Logistics Bureau

DECEMBER 22, 2024

Using KPIs for performance measurement ensures that you are continuously evaluating your business activity against a static benchmark. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Why Are KPIs Important?

KPI 74

KPI Agile and Lean Supply Chain Supply Chain Strategy Supply Chain 74

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. It is the main measurement benchmark in measuring supply chain performance, isn’t it? 10 Soft Metric Considerations in Measuring Supply Chain Performance. Cost reduction is still very important. We just can’t forget cost reduction. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Bureau

NOVEMBER 8, 2021

Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. They will also provide valuable guidance in the use of key performance indicators for performance benchmarking. The Right KPI Mix: Cost and Service-Centric Metrics. The Right KPIs Are Metrics You Can Act Upon.

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Benchmarking KPI Supply Chain Strategy Supply Chain Software 96

Logistics Viewpoints

JANUARY 17, 2022

That data can be mined in a manner that protects their customer’s identity but allows their users to benchmark their spend behavior and better run their supply chains. The Rule of 40 was popularized by venture capitalists in recent years as a key performance metric for SaaS firms. on this metric. million on sales of $541.6

Logistics Network Optimization Software 305

Logistics Network Optimization Software Modeling Software Optimization Software Supply Chain Software 305

Logistics Bureau

DECEMBER 14, 2020

Business benchmarking is recognised as one of the best management tools around. But what exactly is supply chain benchmarking and why is it so important? In business, a benchmark is a measure of performance. How to benchmark? The What, Why, How of Supply Chain Benchmarking. The Origins of Benchmarking.

Benchmarking 98

Benchmarking Supply Chain Software Supply Chain Warehousing 98

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Logistics Viewpoints

NOVEMBER 3, 2022

The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.

Supply Chain Design Software 264

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 264

Kinaxis

JULY 18, 2014

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. by Bill DuBois. Are you looking for some reading material to pass the time on your next flight?

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Supply Chain Strategy Aerospace 224

The Logistics of Logistics

SEPTEMBER 15, 2023

Jonathon is not only a strategist but also a dynamic facilitator, conducting nationwide workshops on employee engagement, customer loyalty, leadership development, and growth metrics. These workshops provide practical insights for organizational success.

Price Reduction 278

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 278

Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. You need to explore the metric relationships to see the full story.

Global 163

Global Scenario Planning Metrics Benchmarking 163

Supply Chain Shaman

JULY 6, 2020

Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The first step in the development of a strategy is benchmarking. The second step is to align metrics to the strategy. The So What? ” I share it because it is real life.

Agile and Lean Supply Chain 301

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 301

Logistics Bureau

JANUARY 21, 2025

Performance Management Having just three key metrics at each organisational level is a good idea for performance management in logistics. A CEO doesn’t need to know every single picking accuracy percentage in the warehouse – you simply need the high-level metrics that tell you if your supply chain is healthy.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

Logistics Bureau

APRIL 19, 2021

I have benchmarked supply chains for businesses all over the world for 25 years or so and have seen some incredible results. If you’ve never done a benchmarking exercise before, read on. The Benefits of Benchmarking. The Benefits of Benchmarking. You might be wondering what the benefits are of benchmarking.

Benchmarking 76

Benchmarking Supply Chain Performance Supply Chain Exercises 76

Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. APQC – a benchmarking, best practices, and performance improvement organization – is one place you can get these numbers. Companies need to understand how much it is realistically possible to improve their forecasts.

Forecasting 276

Forecasting Forecasting Software Modeling Optimal Sourcing 276

Logility

MARCH 6, 2020

Stakeholders who care about forecasting in demand planning care about accuracy, and usually will not accept a new forecasting method unless it is rigorously validated against known forecasting benchmarks with proven accuracy. In this way, forecast accuracy trends can be leveraged in adjusting demand planning.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Logistics Viewpoints

SEPTEMBER 13, 2022

Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Understanding the data, metrics and benchmarks can help the organization collaborate with suppliers to set meaningful, actionable and quantifiable goals. Next, the enterprise can set targets.

Cost Reduction Strategies 264

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 264

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Insights

DECEMBER 7, 2014

In 2014, we launched the Supply Chains to Admire methodology: evolved the Supply Chain Index ( a method to judge supply chain improvement); and launched the Supply Chain Benchmarking methodology. We also published our third book, Metrics that Matter (available on December 22 nd ) and successfully produced our second Global Summit.

Modeling 203

Modeling Benchmarking Metrics Survey 203

Logistics Viewpoints

MARCH 4, 2021

Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. . On-time-in-full performance of distribution centers.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 290

RFgen

NOVEMBER 20, 2024

These systems also support phased implementation, allowing you to start with high-priority processes, train staff during regular work hours, deploy your wireless infrastructure before software rollout, maintain parallel systems during the initial transition, and closely monitor performance metrics.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 98

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. True optimization applies data to ensure all decisions and processes are carried out to their fullest potential.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

CHAINalytics

JANUARY 12, 2021

Fortunately, there is one metric that we’ve found is the perfect introduction to data-driven improvements. Every time a client asks us to help them diagnose their warehouse operations, we start the only way … The post The One Must-Have Metric for Warehouse Operations appeared first on Chainalytics.

Metrics 102

Metrics Warehousing Data Supply Chain Design 102

Supply Chain Shaman

SEPTEMBER 24, 2017

We analyzed the impact of 150 factors on 493 financial metrics for the period of 2004-2016. By graphing the financial metrics through orbit charts, we find that 90% of companies are stuck at the intersection of operating margin and inventory turns. Due to popular demand, we are kicking-off an organizational benchmarking effort.

Cost Reduction Strategies 207

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 207

Unleashed

DECEMBER 15, 2021

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. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

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DELMIA Quintiq

NOVEMBER 29, 2013

First, you need to create metrics that can be used to determine how good or bad a production schedule is. But breaking down high-level financial goals into measurable benchmarks raises more questions. Once the right operational KPIs are in place, you need a way to benchmark schedules. What maximizes profit?

Scenario Planning 201

Scenario Planning Supply Chain Optimization Benchmarking Supply Chain Planning 201