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.

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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.

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Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

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Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

The Logistics of Logistics

NOVEMBER 5, 2024

Trusted by over 1,400 shippers—including 13 of the Gartner Supply Chain Top 25 and 78 Fortune 500 companies—DAT iQ delivers real-time insights, benchmarking, and forecasting tools that optimize operations, mitigate risk, and improve profitability for supply chain shippers.

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Logistics Bureau

JULY 18, 2017

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. Some Common-sense Warehouse Benchmarking Metrics. Perfect Order Warehouse Performance.

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Logistics Bureau

OCTOBER 19, 2020

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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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.

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Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

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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.

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Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

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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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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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.

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Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Kinaxis

JULY 14, 2014

Supply Chain Metrics That Matter: A Focus on Aerospace and Defense. In Supply Chain Metrics That Matter: A Focus on Aerospace and Defense , Supply Chain Insights benchmarks A&D companies against other industries and dives into data from five top A&D companies over the last decade.

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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.

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Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

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NFI Industries

MAY 2, 2017

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. There is more data available today than ever before 1.

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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.

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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.

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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. .

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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.

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Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

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Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

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.

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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.

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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.

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Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 107

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?

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Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 250

Arkieva

APRIL 19, 2016

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns. Benchmarking EBITDA% versus Inventory Turns.

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The Network Effect

MAY 15, 2015

Daily performance visibility and collaboration to discuss performance related to supply network outcomes and enterprise operating metrics must become part of the fabric and rhythm of running a successful operation. The post What role should logistics providers play in supply chain performance and benchmarking?

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Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. Do you feel your supply chain management team is tracking too many metrics? If so, it’s probably true, and what’s more, most of them are probably not KPIs at all (that’s why we said “metrics”). Are You Sure All Your Indicators are KEY?

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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.

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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.

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Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

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Talking Logistics

JULY 18, 2021

But in order to answer that question as completely as possible, companies need to look beyond internal metrics. 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.

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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.

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Talking Logistics

JUNE 21, 2021

The problem is that too often companies look only at internal metrics for the answer. 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.

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Logistics Bureau

FEBRUARY 13, 2018

He joined Logistics Bureau Group back in 2009 and commenced by running the benchmarking business known as Benchmarking Success. Steven, you were a customer of Benchmarking Success with three different companies, most recently as Supply Chain Director with Ingram Micro, the world’s largest IT distributor.

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crisp

AUGUST 27, 2024

From automated Monday morning recaps to a customizable report builder with over 5,000 key Target metrics, SOLYS by Crisp streamlines operations and drives growth for vendors in their Target partnership. Department 49: Personal Care); select classes within departments; and/or select from over 5,000 additional metrics.

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SCMDOJO

JUNE 25, 2024

Space utilization, or vehicle fill, is a critical metric that can be measured in various ways: Pallet numbers and height: While common, this method can be misleading depending on cargo density. Supply Chain Benchmarking 2003. Two crucial measures applicable to this level of detail are space utilization and productive time. Kearney, A.

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