This benchmarking task can be completed either by yourself using either simple spreadsheets. But it is much easier and effective to use some of theÂ more advanced tools now on the market that can provide real assistance along withÂ a set of industry standard benchmarks to begin comparison against.
Do it Yourself with Advanced Tools
To begin with, create an accurate budget estimate by establishing benchmark standard minute values for common warehouse tasks and track them against your current work volumes.
Measures of various Key Performance Indicators
Determine actual ROI by measuring indicators before and after projects
Make changes to the input with immediate update to reports embedded in the benchmarking tool.
Getting Expert Assistance with BenchmarkingÂ
For those who want experienced assistance in conducting and analyzing the benchmarking project, experts are available do so and during the process can often bring you and your team up to speed and make you self-reliant going forward.
With this in mind SCNÂ partners developed and utilize a unique 300-point reference check, to confirm or benchmark the efficiency of your companyâ€™s logistics efforts. The key areas of focus will include space utilization, labor efficiencies, transportation and overall throughput calculations. A detailed report of your business will be prepared based on comparisons to global best practices and measures, and how your organizations key performance indicators relate to other companies in your vertical business sector.
ThisÂ analysis covers all major business disciplines including:
– Business/Commercial – Type, Sales, Profitability, Human Resources
– Systems – Inventory, tracking, order entry, ERP, TMS
– Purchasing/Production- Cycle time, Replenishment activities, Triggers
– Service Levels and Key Performance Indicators
– Warehouse – Activities and Characteristics
– Warehouse – Storage and Handling
– Transport – Courier, LTL, FTL, others
On average SCN Partners find between 5 to 15% operational savings per client
Receive the benefit of global experience working directly for you, to learn more and get SCN partner assistance with Benchmarking, just ASK and we will get right back to you.
For your information, below is a listingÂ of the sample areas of output;
– Space Utilization
– Pick Rates
– Put -away rates and Procedures
– Inventory EOQ and Purchasing Quantities
– Replenishment Activities
– Material Handling Equipment
– IT Systems and procedures
– Labor Head Count
– Throughput Analysis
– Transportation Costs
– Transportation Tracking
– Service Levels
SCN partnersÂ have extensive experience in both the operational and strategic activities of major distribution networks throughout the world. This experience has lead to improvements in all major verticals, including Retail, Grocery, Electronics Manufacturing, and 3PL market spaces.