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A shortage of pharmaceuticals in PuertoRico. ” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I also worked in manufacturing during the period of 1978-1992 trying to plan demand. Higher spikes for lumber and building supplies.
According to our data, Extreme Weather was the 11 th highest reported disruption in 2022. Take this example: when category 5 Hurricane Maria was approaching PuertoRico in 2017, suppliers and critical FDA-regulated materials were threatened. This simultaneously increased the cost of storage for the cars that could not be sold.
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.
That number is the highest reported since 2014, including the period of the Covid-19 pandemic during the years 2020 to 2023. Thus, this commentary will not be a regurgitation of media headlines and reporting. That is already occurring not only in mass media but industry focused reporting.
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