1. Measuring supply chain performance
Measuring supply chain performance is as essential as understanding how it works. This measurement must :
be linked to the company's objectives;
be renewable ;
provide insight into how to manage the supply chain more effectively;
be adapted to the activities it studies.
Performance measurement, an important part of the management process, provides :
information needed to determine the cost of operations and products;
the rate of return on investments made ;
the relative value of products, processes and people in their contribution to the sound management of the company as a whole.
Careful selection of indicators can help an organization's management not only to know where it stands in relation to its objectives, but also to...
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Measuring supply chain performance