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Crossing enterprise, geographic, political and functional boundaries, supply chains are incredibly difficult beasts to manage. To make any kind of progress, company leaders need to understand how their supply chain is performing in comparison to industry peers as well as best-in-class companies. Once they know how they are doing, they can set goals that are appropriate for their market strategy and identify the best practices that they need to implement in order to achieve those goals.
From a functional perspective, every supply chain planner needs to be able to report the impact that their initiatives have on improving supply chain efficiency. Many organizations have never taken a comprehensive look at how their supply chains are performing against competitors. In such cases supply chain benchmarking can unearth opportunities that could save a company millions or tens of millions of dollars.
APQC, an internationally recognized nonprofit research organization, is offering you the opportunity to benchmark your supply chain planning processes at no cost.
Supply Chain Planning Realities: Supply chain planners are responsible for demand planning, inventory planning and replenishment, service/production scheduling and, as appropriate, warehouse and transportation management. To do this they must coordinate global information and fulfillment processes across the organization.
Aided by enterprise-wide software applications, optimization tools and corporate supply chain policies, effective planners regularly meet with sales and operations managers to develop sales and production plans. In addition to being cost competitive, their goal is to establish a supply chain that is both responsive and resilient.
Objectives of APQC Supply Chain Planning Benchmarks: The metrics for which world-class supply chain planning would offer a competitive edge include the following.
1. Improve forecast accuracy
2. Reduce physical inventory and related carrying costs
3. Control demand/supply chain planning costs
4. Speed up the cash-to-cash cycle time
5. Increase finished goods inventory turn rates
6. Maximize return on assets
7. Reduce shrinkage
8. Reduce stockouts and backorders
9. Increase value-added productivity per employee
10. Reduce cost of goods sold (as a percentage of revenue)
11. Improve production schedule conformance
Again, there is no cost to participate in this research, and in return for submitting your data, you will receive a customized report that includes an overview of the metrics from top-performing organizations. Visit APQC and start benchmarking your performance today!
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