Key Supply Chain Performance Indicators

Business & Finance, Management & Leadership, Production & Operations Management
Cover of the book Key Supply Chain Performance Indicators by James Tallant, GRIN Publishing
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Author: James Tallant ISBN: 9783640838141
Publisher: GRIN Publishing Publication: February 21, 2011
Imprint: GRIN Publishing Language: English
Author: James Tallant
ISBN: 9783640838141
Publisher: GRIN Publishing
Publication: February 21, 2011
Imprint: GRIN Publishing
Language: English

Essay from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 94.00, University of Phoenix, course: ISCOM 370 Strategic Supply Chain Management, language: English, abstract: Key Supply Chain Performance Indicator Paper Supply chain management through the use of key performance indicators (KPI's) offers organizations improved profit margins and lower costs. Saxena (2009) comments 'KPI initials could stand for 'keep players informed' because the right set of key performance indicators can go a long way toward making sure companies and their third party logistics are truly on the same page' (p. 22, para. 3). Measuring key performance indicators in a quantifiable manner is used to evaluate, measure, and compare different organizations in a similar manner for matches in strategic and operational goals. As illustrated below in the hierarchy of supply chain metrics, Miles (2010), a supply chain's health is measured by foundation blocks or key performance indicators. Failure to identify, measure, or assess, diagnose, and correct through the use of key performance indicators such as on-time delivery, inventory turns, and inventory carry costs prevent the supply chain from reaching its full potential.

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Essay from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 94.00, University of Phoenix, course: ISCOM 370 Strategic Supply Chain Management, language: English, abstract: Key Supply Chain Performance Indicator Paper Supply chain management through the use of key performance indicators (KPI's) offers organizations improved profit margins and lower costs. Saxena (2009) comments 'KPI initials could stand for 'keep players informed' because the right set of key performance indicators can go a long way toward making sure companies and their third party logistics are truly on the same page' (p. 22, para. 3). Measuring key performance indicators in a quantifiable manner is used to evaluate, measure, and compare different organizations in a similar manner for matches in strategic and operational goals. As illustrated below in the hierarchy of supply chain metrics, Miles (2010), a supply chain's health is measured by foundation blocks or key performance indicators. Failure to identify, measure, or assess, diagnose, and correct through the use of key performance indicators such as on-time delivery, inventory turns, and inventory carry costs prevent the supply chain from reaching its full potential.

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