3 Good Reasons for External Supply Chain Benchmarking Have you benchmarked your company’s supply chain operation yet? If not, read on to learn about three good reasons why you should put an external benchmarking project on your corporate to-do list for 2019. 1. It’s...
Have you ever tried searching online to find some data to benchmark your supply chain performance? If you have, I'll wager you had little luck and a lot of frustration. After all, when you're hungry for knowledge, Google is your best friend, right?... Well, not...
Why You Should Benchmark Your Supply Chain Performance Despite a wealth of available advice as to why supply chain benchmarking is essential, there are still plenty of companies that for one reason or another, simply haven't got around to doing it. There are...
Internal and External Benchmarking in the Supply Chain You may have heard debates around the piece as to whether internal or external supply chain benchmarking is the best way to find your focus for supply chain improvement. If you haven't taken a position in...
Does your company, department, or team utilise a suite of supply chain KPIs to monitor performance? If not, you're probably in the minority and hence at a disadvantage against most competitors. However, there's a lot more to being successful in the use of KPIs than...
Business at Benchmarking Success is booming, despite the fact that many supply chain leaders and managers, after hearing over and over that supply chain KPIs are really, really important, still fail to see what all the fuss is about. So what is it that makes...
If you're really not sure of the differences between KPIs, PIs, and other types of supply chain measurement, don't worry. The whole subject of performance measurement and metrics is a source of confusion for many companies. Furthermore, some leadership teams remain in...
Perfect order, DIFOT, inventory days of supply; the list of operational supply chain metrics goes on. Google "supply chain metrics" and you'll be greeted by thousands of suggestions for measuring supply chain performance, almost all of which focus (quite rightly) on...
When employed properly and for the right reasons, external benchmarking can be the catalyst for valuable cost savings and progress toward supply chain excellence. Yet plenty of organisations have not achieved the benchmarking ROI their leaders had hoped for. In many...
Benchmarking is the all-important first step in supply chain performance improvement. However it can also be an incredible waste of money, time, and effort if your company fails to act on benchmarking data. While that might seem an obvious statement, there are plenty...