Wondering whether your warehouse's performance is up to snuff? The Warehousing Education and Research Council (WERC) now offers a quick, convenient method of benchmarking your operations against those of similar companies.
The "Track Your Stats" online calculator (find it under the "Resource Center" tab at www.werc.org) lets you compare your company's performance statistics to the 2008 responses to WERC's annual survey on warehouse metrics. The tool matches your company with respondents that are similar in size (revenue), type of operation, industry, and strategy. Track Your Stats can be used again and again as your company's situation changes: Information is saved in a database, with entries protected by a unique identifier. You can edit your measurements and see how the changes you make affect the benchmarks over time.
The analysis tool was developed by Karl B. Manrodt, Ph.D., associate professor at Georgia Southern University and co-director of the Southern Center for Logistics and Intermodal Transportation, and Kate Vitasek, managing partner of the consulting firm Supply Chain Visions. Jones Lang LaSalle, Ryder System, and Manhattan Associates provided support for the project.