In a complex supply chain, how does a company gain an additional 1% in efficiency to reduce cost? With the application of highly accurate, granular data.
Many of Forest2Market’s customers conduct regular reviews of their system’s wood fiber costs, an operational advantage that helps them optimize their supply chains and identify any issues that might impact profitability.
Forest2Market’s deep databases of actual transaction data equip our customers with the most accurate and precise raw material pricing data available – down to the penny. Using our benchmarks and supply chain tools, our customers are able to pinpoint individual cost component inefficiencies in their supply chains including origin, destination, volume, price, species, product and a host of other unique attributes of individual loads of wood.
Benchmarks help companies quantify raw material revenues/procurement costs by component, measure results against the broader market, identify performance improvement opportunities and establish performance objectives.
Identify where a facility outperforms and underperforms the market in order to bring costs into alignment with the market at any volume increment.
Trustworthy data becomes a powerful decision-making tool, one that can help you plan strategically, develop operational blueprints and proceed tactically.
As forest products companies have divested themselves of timberlands and the management costs associated with them, they have forfeited many of the benefits that come with access to on-demand wood fiber. While this aspect of the forest industry has changed so dramatically in such a short timeframe, effectively managing the supply chain is more important now than ever before.
We provide insight into global wood products manufacturing markets on our blog, and we work closely with clients throughout industry to build customized market studies and consulting engagements that answer specific business questions and address specific concerns.