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What Is supply chain metrics?
In todays modern world of supply and demand of product and services, we look to streamline complex Supply Chain Management (SCM) processes that require management of complex dependencies between teams, departments, partner companies and vendors across international boundaries. It is a likely area where companies want to analyse how their supply chain is doing and how they record these key metrics.
When would we use metrics?
Supply Chain-Metrics may include measurements for procurement, production, transportation, inventory, warehousing, material handling, packaging and customer service. There are hundreds of metrics that can be used to score Supply Chain Management performance. These key metrics can then be used to make informed business decisions based on the company’s overall strategy.
Supply Chain-Metrics hopes to simply the process by having key metrics available to any small/medium sized business.
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