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No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? Ideally, though, evaluating your position against competitors should not solely be a KPI benchmarking exercise. How to Prioritise New Supply Chain Capabilities.

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How to Benchmark Your Supply Chain

Logistics Bureau

Suppose you wanted to be the fastest runner in the world, for example. For example, are you sure that you don’t have one or two business units that excel in a performance element which, otherwise, is proving to be a weakness for your supply chain operations? Those levels are “benchmarks”.

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How to Benchmark Your Supply Chain

Logistics Bureau

Suppose you wanted to be the fastest runner in the world, for example. For example, are you sure that you don’t have one or two business units that excel in a performance element which, otherwise, is proving to be a weakness for your supply chain operations? Those levels are “benchmarks”.

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How to Select the Right KPIs for Supply Chain Benchmarking

Logistics Bureau

So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings. Conflicting KPIs: A Brief Example. How to Benchmark Your Supply Chain With KPIs. The Importance of Aligned Objectives.

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Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. But before they can fulfill their role as the team that delivers, supply chain organizations must figure out how to use data more effectively. More data is coming in than ever before. to anticipate conditions that signal an emerging demand spike.

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Sales and Operations Planning: The Interpersonal Element

Logistics Bureau

What matters most is how effectively the people involved in the process collaborate and overcome the silo mentality prevalent in organisations with multiple functions and business units. Success depends upon a business culture where cross-functional collaboration receives more than mere lip service from stakeholders.

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Supply chain trends to watch out for in 2023

Logistics Business Magazine

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. Disruption can become a catalyst for supplier collaboration.