KPI or Key Performance Indicator can be defined as a practical and objective measurement of progress, either:
- Towards a predetermined goal, or
- Against a required standard of performance
We also all know our KPIs need to be SMART.
- Specific
- Measurable
- Attainable
- Relevant
- Time-Based
But also think about the outcome you are looking for in your Supply Chain.
What are the ‘drivers’ of that performance?
Watch the video below:
Related articles on this topic have appeared throughout our website, check them out:
Best Regards,
Rob O’Byrne
Email:
Phone: +61 417 417 307
Source: https://www.logisticsbureau.com/picking-the-right-supply-chain-kpi/