RALEIGH, NC, February 10, 2011 – In these uncertain times, use of key supply chain metrics, such as "perfect order," are on the rise, according to the Tompkins Supply Chain Consortium's recent report, Supply Chain Core Benchmarks: Understanding Key Metrics.

"Now is the time for companies to benchmark key metrics and get back on track to profitable growth," says Bruce Tompkins, Executive Director of the Tompkins Supply Chain Consortium and author of the report. "With increasing cost trends, companies can employ benchmarking and best practices to improve processes and reduce costs – leading to profitable growth – as they learn to deal with uncertainty."

Average Supply Chain Cost

Results from the survey show that some companies are focused on significantly reducing transportation cost and improving customer service by increasing the number of distribution operations. At the same time, other companies are developing better strategies to strengthen DC productivity.

In general, the report reveals that DC cost as a percentage of revenue is trending downward, compared to the previous year, indicating that improvement activities directed at cost reduction in the supply chain have been effective.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.