Monitoring internal metrics in order to measure operational performance is a common practice in all companies. Researching and analyzing leading companies’ best practices provides useful information to compare to your own best practices, and guide decisions on priorities and capital allocation. Energize this effort by incorporating a Benchmarking and Best Practices process that utilizes external performance data, which will redefine and improve your awareness of top operational performers.
A leader in benchmarking and best practices, Tompkins established the Supply Chain Consortium over a decade ago. The Consortium database, accessible only to members through a secure web browser interface, offers a variety of exclusive tools to access composite data to compare against your supply chain performance. It supports your important best practices research, or when searching for a new solution.
Consisting of a group of more than 350 participating companies, The Consortium groups include one tailored for “Shippers” and one for “Third Party Logistics Providers” (3PLs). Both groups operate using the same comprehensive, information-packed database and user-friendly interface.
By identifying which technology tools and processes are used by leading companies, our Consortium members can determine what drives the results at these companies and use this as one more key input to support decisions on improving operational performance. Customized, self-generated reports provide valuable insight, allowing you to compare your operations against peers and best-in-class companies, as well as against others in your industry.
Membership in the Tompkins Supply Chain Consortium for benchmarking and best practices provides networking opportunities with those who have similar interests, experiences and questions. It provides your company with measurable benefits, including:
- Ensuring meaningful scorecards with key performance indicators across all areas of your supply chain
- Identifying performance measurements in comparison to best-in-class companies
- Helping identify and understand how your operating practices compare to your competition, and best-in-class performers, to help define and prioritize improvement programs
- Broadening the thinking of the management team and the operations group to include issues beyond the individuals’ immediate responsibilities
- Providing breakthrough insights by looking across performance measures, processes, relationships, infrastructure, and requirements
To find out more about the Consortium and how they can improve your competitive edge as a shipper or 3PL, visit the Tompkins Supply Chain Consortium website.