Give your data purpose so you can effectively manage your supply chain metrics.
Manufacturing is the backbone to most of what we take for granted. But as anyone working in the manufacturing industry knows, there is a lot of work that goes into ensuring everything goes smoothly.
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.
Best supply chain metrics to monitor
Many industry leading companies track these measures to monitor the health of their business:
- On-time delivery
- Inventory to sales ratio (ISR)
- Slow moving stock
- Inventory carrying rate
- Stock rotations
- Freight cost per tonne shipped
- Days sales of inventory (DSI)
- Perfect order delivery rate
- Months on hand
- Supplier on-time delivery
Scroll down further to discover more Supply Chain metrics that you can use today to help better manage your team.