article thumbnail

Q: Food vs Fuel? A: Wrong question…We need more efficient markets!

Supply Chain View from the Field

Looking at vegetable oils, with a global population of 7B people, each consuming the recommended 40g of dietary fat per day, 365 days per year, would require just over 100M metric tons of oil. We are currently according to the USDA producing over 160M metric tons of refined vegetable oil alone.

article thumbnail

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

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. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics software solutions to help. Let me try to clarify.

KPI 94