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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Supply Chain Matters provides a monthly highlights of reported January 2024 global and regional production and supply chain PMI indices. Overall, global activity reportedly showed signs of increased production output and corresponding activity levels, but the gains were mostly in developing and lower-cost regions. increased 1.1

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Purchasing and supplier management. Production/manufacturing. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. Later in this article we’ll look at some examples of functional and cross functional KPIs. Inventory management.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.