Supply Chain Benchmarking to Boost Your Performance
How to Identify and Fix the Profit Leaks in Your Supply Chain
Companies that Trust Us
Four Steps to Successful Supply Chain Benchmarking
IDENTIFY
Identify the elements of your logistics operation that have the highest impact on performance.
RESEARCH
Research your competitors, peers, or companies in other industries with similar supply-chain characteristics.
MATCH
Match your research results to KPIs that actually make sense for YOUR business.
COMPARE
Use the benchmarking results and KPIs to determine your performance in comparison with the norms in your industry.
Best-in-Class Service Costs Less, Not More
Logistics is a critical enabler of customer service. Customer expectations have never been higher, and they continue to rise.
It may seem counterintuitive, but our research consistently shows that companies with best-in-class logistics performance operate at significantly lower costs than their peers.
If you want to achieve best-in-class status you need to begin by fully understanding how far you are from the best-in-class bar, and the only way to do that is through logistics benchmarking.
A great place to start is by chatting with one of our supply chain & logistics benchmarking consultants today. We have experts located in Sydney, Melbourne, Brisbane, Perth, Auckland, Bangkok, and Ho Chi Minh City.
We have executed hundreds of benchmarking assignments across the world. Here are just a few of the countries in which we have helped clients to benchmark their supply chains:
- Argentina
- Australia
- Brazil
- Cambodia
- China
- Egypt
- Fiji
- Hong Kong
- Indonesia
- Japan
- Korea
- Laos
- Malaysia
- Mongolia
- New Zealand
- Papua New Guinea
- Philippines
- Singapore
- Thailand
- United Arab Emirates
- United Kingdom
- United States
- Vietnam
- Argentina
- Australia
- Brazil
- Cambodia
- China
- Egypt
- Fiji
- Hong Kong
- Indonesia
- Japan
- Korea
- Laos
- Malaysia
- Mongolia
- New Zealand
- Papua New Guinea
- Philippines
- Singapore
- Thailand
- United Arab Emirates
- United Kingdom
- United States
- Vietnam
Rich Data is The Key
To benchmark your supply chain performance accurately and effectively you’ll need comprehensive data about your business’ peers and competitors.
Unfortunately, companies are often reluctant to share performance data, so it can be a formidable task to determine which facets of the supply chain to analyse and which key performance indicators to benchmark to answer the following necessary questions:
- How well are my competitors responding to rising customer service expectations?
- Which of my peers are most successful?
- What are they doing right?
- What are they doing wrong?
- Am I close to best in class, far from it, or somewhere in between?
Nevertheless, it’s essential to get answers to these questions, because that’s the first step to understanding where cost saving and profit-boosting improvements can be made.
We’ve Already Done the Benchmarking Work!
We’ve benchmarked more than 1,000 supply chains. To benchmark your supply chain successfully, you will need to complete the following four key steps:
- Identify the elements of your logistics operation that have the highest impact on performance.
- Research your competitors, peers, or companies in other industries with similar supply-chain characteristics.
- Try to match your research results to KPIs that actually make sense for YOUR business.
- Use the benchmarking results and KPIs to determine your performance in comparison with the norms in your industry.
OR …
We Can Plug Your Supply Chain into Our Extensive Database and Benchmark it for You
Here are the benefits you can expect when we benchmark your supply chain for you:
- Full visibility of your supply chain’s performance against a database of peer companies, in your commercial sector and others
- Specific – not generic – key performance indicators to track and manage logistics performance in your business
- Participation in benchmarking peer groups for information sharing and to discuss ideas and best practices
- Access to our vast pool of cost and performance benchmark KPIs
- Periodic online snapshots of your logistics performance, benchmarked against a global array of companies in your industry or with similar supply chain characteristics
Our benchmarking service portfolio is comprehensive, ranging from specific advice and guidance all the way up to in-depth, end-to-end benchmarking audits, performed by our specialised supply chain benchmarking consultants in collaboration with your team.
We’ll help you form a detailed picture of supply chain performance, so you can identify how and where to cut costs and increase profit. To learn more, just click below to chat with one of our logistics benchmarking consultants today!
If you want to know more about how we could benchmark your supply chain and provide you with a detailed picture of what is and isn’t performing so that you can identify where to take action to cut costs and increase profits…
Click below to chat with one of our logistics benchmarking consultants today!
Supply Chain Benchmarking Case Studies
FMCG Supply Chain Improvement
A major brand in the white goods/electronics category asked us to help identify and quantify the potential for supply chain improvements.
We performed an end-to-end benchmarking audit, selecting a comparative group of 21 companies, with supply chains similar to that of the client, from the 1,000+ enterprises in our database.
Project Results
- Our audit revealed a high standard of customer service performance, placing the company in the top 20% of its industry.
- The audit highlighted significant cost-reduction opportunities, sufficient to bring supply chain expenditure down from 10% of sales to just over 8%.
- These opportunities represented a total supply chain cost reduction of close to 20%.
- We developed a plan with the client, based on the audit findings, to prioritise and capture the identified benefits.
Uncovering Hidden Opportunities for a Major Food Company
A household name in food sales, required a supply chain performance review to highlight improvement opportunities.
Our end-to-end benchmarking audit, based on a comparative group of 42 companies with similar supply chains to the client’s, selected from our database of 1,000+ supply chains, revealed that overall, customer service performance was at a high level across all key metrics, and supply chain costs were already low.
Nevertheless, hidden savings opportunities were found in some specific areas, such as inventory management.
Project Results
- We identified opportunities to reduce supply chain costs by almost 11%.
- These savings were attainable with simple-to-implement changes in inventory management.
- Together with the client, we developed and rolled out a plan to prioritise and capture the benefits identified in our audit
More Than Three Decades of Benchmarking Success at Your Service
All our supply chain and logistics benchmarking activities are executed by our specialised operating division, Benchmarking Success. You can take confidence in the following credentials of our unique team of benchmarking and KPI consulting experts:
- A long history of providing benchmarking services, since 1993.
- Extensive experience in benchmarking supply chains in around 20 industry sectors, for governmental, organisational, and enterprise clients.
- Benchmarking Success is managed by experienced specialists in logistics benchmarking, KPI development, auditing, and performance improvement.
- A database built up over several decades enabling unparalleled access to effective supply chain performance comparisons.
- The Benchmarking Success best-practice model has been applied to more than 1,000 supply chains around the world.
Start the Path to Best in Class with a 15-Minute Call
We’re here to benchmark your supply chain.
Are you curious about exactly how benchmarking could reduce costs, improve customer satisfaction and increase profits in your business, or would you like to discuss a specific project with us?
If so, why not join us in a short call to discuss your needs and the options available?
On that call we typically:
- Review your current situation.
- Identify the main issue(s) to address.
- Determine the possible ways in which we can help if you choose to engage us.
- Discuss next steps for working together.
Click the button to chat with one of our specialised supply chain benchmarking consultants.
Where You’ve Seen Us
Start Improving Customer Service and Reducing Costs Today
If you’re looking to conduct benchmarking as a way to reduce costs and increase profitability, we’re ready and waiting to help you.
To book a chat with a Logistics Bureau benchmarking consultant, just complete the form and click “submit”.
You can also call us on +61 (2) 8212 9775 or send an email to Contact Us HERE.
Talk soon!
Rob O’Byrne
