PHILADELPHIA, June 14, 2017 /PRNewswire/ -- Today Supply Chain Insights, LLC announced the 2017 Supply Chains to Admire™ winners. Now in its fourth year, this methodology is designed to help supply chain leaders better define supply chain excellence. The methodology recognizes companies that drove higher levels of improvement, greater value, and better performance during the post-recessionary (2010-2016) time period. In the 2017 analysis, 23 out of 494 public companies met the criteria outperforming on improvement, value and performance factors when compared against their respective industry peer groups.
"Defining supply chain excellence is easier to say than to do. The Supply Chains to AdmireTM Methodology is an attempt by Supply Chain Insights to identify companies within peer groups that outperform," said Lora Cecere, Founder of Supply Chain Insights. "Across peer groups there is great variation. The secret to the analysis is the selection of the right peer groups. We learned the hard way that any methodology that is not based on a sound industry peer group analysis is seriously flawed."
"The research starts at the end of the full-year reporting period of the prior year. This is normally in March and is a four-month effort by the research team," Cecere continued. "The goal of this work is threefold: to help supply chain leaders set realistic supply chain goals; provide industry benchmarks for gauging progress; and recognize companies achieving higher levels of supply chain excellence. We started the analysis to guide our own research and started sharing it with the industry four years ago."
The winners include Apple Inc. (Apple); Autoliv Inc. (Autoliv); Becton, Dickinson and Company (BD or Becton Dickinson); The Boston Beer Company; Bridgestone Corporation (Bridgestone); Broadcom Limited (Broadcom); Cisco Systems, Inc. (Cisco); Cummins, Inc. (Cummins); Dollar General Corporation (Dollar General); Herman Miller, Inc. (Herman Miller); The Hershey Company (Hershey or Hershey's); Honeywell International Inc. (Honeywell); Fuji Heavy Industries, Ltd. (now Subaru Corporation); Leggett & Platt®, Incorporated (L&P or Leggett & Platt®); L'Oréal S.A. (L'Oréal); Packaging Corporation of America (PCA); Sundrug Co., Ltd. (Sundrug); Qualcomm®; Taiwan Semiconductor Manufacturing Company, Limited (TSMC or Taiwan Semiconductor); Tempur Sealy International, Inc. (Tempur Sealy); The TJX Companies, Inc. (TJX); Ubiquiti Networks, Inc. (Ubiquiti) and United Tractors (UT). Five companies—Apple, Cisco, Cummins, L'Oréal, and TSMC—are winners for two consecutive years.
The Supply Chains to Admire analysis is part of a larger study to understand how the choices that companies make impact balance sheet and income statement performance. Using big data mining techniques, this larger study will include the Supply Chains to Admire analysis, over 7000 quantitative survey responses collected over the past five years from supply chain leaders, and relevant market indexes. The focus is to understand what choices companies made over the last decade that improved corporate value through improvements in supply chain excellence. The full results of this study, along with presentations from the Supply Chains to Admire winners, will be presented at the Supply Chain Insights Global Summit on September 5-8, 2017 at The Ritz-Carleton Reynolds, Lake Oconee, GA.
For greater insights, refer to the complete analysis.
About Supply Chain Insights
Founded in 2012, Supply Chain Insights LLC delivers independent, actionable, and objective advice for supply chain leaders. As a company dedicated to research, the company's goal is to help supply chain leaders understand supply chain trends, evolving technologies and how to drive business value.
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SOURCE Supply Chain Insights LLC