Use the data to effectively manage your supply chain.
Managing all the moving parts in your supply chain can be a logistical nightmare unless you have access to the right KPIs and metrics. You need to track the current status of shipments, monitor inventory levels and ensure that all orders you ship are completely accurate. Use these supply chain KPIs and metrics to ensure that your operations are always running smoothly.
Measures how much it costs your organization to store inventory over a given period of time.
Measures how often your organization is able to sell your entire inventory in a given year.
Measures the ratio of in-stock items versus the amount of sales orders you are currently filling.
Measures the average number of units purchased in each order to establish baselines and to compare that value to target values.
Measures the rate at which shipped items are returned to you and categorizes them based on the reasons for return.
Tracks the real-time status of all orders and categorizes them based on the action taken, such as "On Hold" or "Shipped."
Compares inventory levels as recorded by bookkeepers to actual stock levels on the warehouse floor.
Measures how many orders are unable to be filled at the time a customer places them.