article thumbnail

Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

article thumbnail

Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 80
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When the Rubber Hits the Road

Supply Chain Shaman

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. Make, source, and deliver need to be managed together based on analytics that sense and respond at the speed of business. The supply chain team’s past thirty-two months of disruption were a long, winding road full of surprises.

article thumbnail

What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing.

article thumbnail

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

article thumbnail

The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Traditionally what we typically refer to as indirect goods are mostly in Category 4. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

article thumbnail

Holding Ourselves Accountable for Business Results

Supply Chain Shaman

To make the point, let me share an orbit chart for four industries (reference Figure 1). The Focus Inside-out Supported by Functional Metrics. Trade-offs of commercial programs with source, make, and deliver to maximize value to the customer and improve margin.). They need to evolve to help today’s supply chain business leader.