Benchmarking against best practice and against world-class solutions will allow your warehouse to operate efficiently and profitably.
The most common mistake businesses make when it comes to benchmarking is not clearly aligning and defining their goals around global industry best practices. In fact, when benchmarking, supply chain thought leaders are looking globally to their peers - aiming to provide world-class solutions, not only the best in their specific country.
This should include internal and external practices, along with performance data from your business vs others.
Adjusting your warehouse processes to help drive your warehouse KPI metrics. Adapt and incorporate best in class practices where opportunities were identified, through a goal-oriented and methodical implementation process, focusing on realistic time frames, reasonable goals, while ensuring company-wide acceptance.
Benchmark your business against industry best practices, set the right warehouse KPI requirements, and compare your performance to world-class solutions to improve profitability and efficiency.
We list the steps and warehouse KPI recommendations to drive your performance against the benchmarks you've chosen: