Monday
Aug142006
Benefits of Collaboration
Monday, August 14, 2006 at 10:13PM The benefits of optimizing the retail supply chain using better demand planning and collaboration with suppliers are well documented. Studies of retailers by the Harvard Business, Grocery Manufacturers Association, National Retail Federation (NRF), and AMR Research show results of 15% less inventory, 17% better perfect order performance and 35% shorter cash-to-cash cycles.
Documented benefits include:
- Relationships with trading partners: 57% improved
- Stock outages: 38% reduced
- Sales: 38% increased
- Inventory: 29% decreased
- Forecast accuracy: 38% Improved
- Internal communications: 24% improved
- Asset utilization: 14% better
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