Supply Chain and Logistics KPIs: An Overview
An efficient supply chain management system (SCM) is essential for businesses whose success depends on the swift and timely movement of goods. It exerts better control over the flow of goods from point-of-origin to point-of-sale. According to a Deloitte study, 79% of companies with high performing supply chains earn more revenue than the average within their sector. However, supply chain stakeholders need continuous improvement measures to compete in the marketplace. It underscores the importance of measuring supply chain and logistics KPIs.
A Key Performance Indicator (KPI) is a practical and objective measurement of progress towards a predetermined goal. Mapping supply chain and logistic KPIs against industry benchmarks enhance SCM performance visibility and lead to necessary improvements. SCM performance measurement includes production, inventory, procurement, warehousing, transportation, packaging and customer service metrics.
Key Supply Chain and Logistics KPIs
Shipping time is a logistic KPI that enables organizations to measure supply chain performance. It is a performance metric that is a ratio of orders that have been shipped before the requested ship date divided by the total number of orders. It lets the organization set a benchmark shipping time relative to each product. This way organizations can optimize shipping and delivery processes, thus reducing the turnover time. Additionally, it enhances customer satisfaction levels.
Avail Benefits of Supply Chain and Logistics with Oodles ERP
We provide end-to-end customized supply chain software development services for better supply chain planning and execution. We have experience in developing supply chain solutions like order management system, asset tracking, inventory management, shipping solution and supply chain KPIs.
Our professionals resolve all shipping software issues from estimating freight quotes to the integration with UPS and FedEx.
We have experience in developing logistics software solutions for cost-efficient distribution and timely deliveries. Our professionals also integrate separate logistic modules into existing Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS).
Our experienced team specializes in developing fleet management solutions that simplify freight operations, reduce costs and boosts customer service.
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