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HOW TO SET YOUR WAREHOUSE KPIS AND ACHIEVE INDUSTRY BENCHMARKS

By Supply Chain Junction

Benchmarking against best practice and against world-class solutions will allow your warehouse to operate efficiently and profitably.
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FOLLOW OUR 13 STEPS TO ENSURING YOUR WAREHOUSE IS COMPARING TO INDUSTRY BENCHMARKS

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. 
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Identify and Define your Processes
Know what to benchmark, and establish appropriate key performance metrics with these processes. 
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Collect Data on Industry Best Practices

This should include internal and external practices, along with performance data from your business vs others. 

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Analyse Data to Determine the Benchmarks
You should aim to establish the data for each Key Performance Indicator in your warehouse.
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Identify Improvement Opportunities
Assess your organisation's relative standing to the benchmarks and devise your optimisation plan.

We list the steps and warehouse KPI recommendations to drive your performance against the benchmarks you've chosen: 

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: