Key Supply Chain Performance Indicators

Essay from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 94.00, University of Phoenix, course: ISCOM 370 Strategic Supply Chain Management, language: English, abstract: Key Supply Chain Performance Indicator Paper Supply chain management through the use of key performance indicators (KPI’s) offers organizations improved profit margins and lower costs. Saxena (2009) comments “KPI initials could stand for “keep players informed” because the right set of key performance indicators can go a long way toward making sure companies and their third party logistics are truly on the same page” (p. 22, para. 3). Measuring key performance indicators in a quantifiable manner is used to evaluate, measure, and compare different organizations in a similar manner for matches in strategic and operational goals. As illustrated below in the hierarchy of supply chain metrics, Miles (2010), a supply chain’s health is measured by foundation blocks or key performance indicators. Failure to identify, measure, or assess, diagnose, and correct through the use of key performance indicators such as on-time delivery, inventory turns, and inventory carry costs prevent the supply chain from reaching its full potential.

By assembling the first comprehensive dictionary of Key Performance Indicators (KPIs) for Supply Chain, The KPI Institute provides professionals a useful resource for novices and experts alike. It can be used in the early stages of implementing a performance management framework, in the process of selecting and documenting KPIs, but also to improve an existing performance measurement system. The KPI taxonomy presented in the dictionary covers all major components of the supply chain, such as: * Contract Management * Inventory Management * Logistics / Distribution * Procurement / Purchasing * Supply Chain Management

MAP, MEASURE, AND GOVERN YOUR SUPPLY CHAIN FOR MAXIMUM BUSINESS VALUE Master proven techniques for mapping, measuring, and improving your supply chain Implement strategies and roadmaps for managing risk and increasing resilience Balance segmentation with standardization, and cost with differentiation Use supply chain KPIs to improve governance Executing the Supply Chain offers expert guidance on driving maximum business value from modern supply chain process mapping and performance measurement. Pioneering supply chain practitioners Alexandre Oliveira and Anne Gimeno introduce powerful techniques for linking processes to customer and shareholder results, systematically managing risk, and increasing resilience across even the most complex supply chain. Oliviera and Gimeno carefully introduce key process mapping and measurement concepts, thoroughly explain each relevant technique, and present proven applications and best practices from many of the world’s best companies. You’ll discover how to use your process maps to establish more effective controls, manage operations more successfully, and drive profitable change. This book’s content will be exceptionally helpful to both practitioners and students in all areas of supply chain management and strategy, including participants in leading certification programs. Executing the Supply Chain will help you align vision and action throughout your supply chain, so you can deliver far more value to both customers and shareholders. Leading practitioners Alexandre Oliveira and Anne Gimeno show how to clarify the results you expect from each process and participant, assign specific responsibilities, strengthen accountability, identify opportunities for improvement, and successfully drive the changes you need. You’ll learn how to go beyond “flows” to create process maps that make your supply network mechanisms 100% visible. Then, the authors help you use your process maps to define controls, quantitatively measure performance, and act on what your metrics tell you. Oliveira and Gimeno illuminate their techniques with many specific examples, ranging from forecasting to delivery performance, warehousing to quality assurance. This book’s techniques will enable you to implement strong governance across your supply chain—and use it to reduce risk, improve resilience, and maximize performance and profitability. ESTABLISH SUPPLY NETWORK GOVERNANCE THAT DELIVERS REAL VALUE A 5-step roadmap: from improved visibility to advanced people management DEFINE QUANTITATIVE METRICS THAT HELP YOU IMPROVE Measure what matters—in ways that are sensible, widely accepted, and actionable IDENTIFY THE TRUE ROOT CAUSES OF SUPPLY CHAIN PROBLEMS... ...and your best potential solutions USE PERFORMANCE BENCHMARKS TO DRIVE POSITIVE LONG-TERM CHANGE Realigning organizations, reshaping culture

Supply chain management is emerging as one of the most powerful logistics management concepts for improving performance across the entire logistics network. Companies that have already streamlined their internal business process are now working to realise further savings by improving the external business relationships within the more and more complex, linked value-adding business processes in logistics networks. Although the benefits of SCM are well-known in industry, until now companies have only put this concept into practice in a limited way. Therefore, the newly developed integral model of collaborative performance measurement in this book will make a contribution towards easing and supporting improvements in supply chain management as well as giving specific guidelines for its implementation. Furthermore, the author provides newly developed key performance indicators that enable the measurement of the performance of co-operation across the extended enterprise in a supply chain environment. Based on case studies, the integral model, in close connection to the SCOR model, was applied and has proven its applicability in industrial practice. This book presents a rich variety of concepts and methods for industrial engineers, business managers, engineers and consultants as well as success stories in supply chain management.

Seminar paper from the year 2023 in the subject Business economics - Business Management, Corporate Governance, grade: A, Dedan Kimathi University of Technology, course: Supply Chain Management, language: English, abstract: A measurement and management system of supply chain performance is paramount for supply chain to achieve competitive differentiation. This paper pays attention to the concept of supply chain and performance management and significance of measuring supply chain performance. It also deals with supply chain performance and metrics, characteristics of a good performance metric, types and categories of supply chain performance metrics, methods and approaches of measuring supply chain performance, and finally, information required when measuring supply chain performance. Performance is the ability to meet certain criteria's, the time it takes, and the path used to get there. Supply chain performance is defined as the ability of the supply chain to deliver the right product to the correct location at the appropriate time at the lowest cost of logistics. This definition takes into account the time of delivery, cost, and value for the end consumer. The authors believe that this definition includes the most important aspects of the supply chain.

How to save your business millions!!! The international expert and author Rob O’Byrne gives his powerful and essential tips and insights based on over 1,200 client assignments across 22 countries. This book shows you how to find the greatest potential for massive savings and increased bottom line. You’ll Learn:* How to access the big ticket items to reduce costs* 5 critical tips on measuring for superior performance* Balancing cost and service for more effective distribution* How to stop inventory investment blow outs* 3 key steps to developing a game winning supply chain strategy* The 5 key steps to improving warehousing effectiveness* Avoiding the stuff that screws your supply chain performance

Wie lassen sich verschiedene Supply Chain-Strategien abgrenzen und welche Gestaltungsempfehlungen können bezüglich eines differenzierten, auf die individuelle Supply Chain-Strategie zugeschnittenen Performance Measurement gegeben werden? Anke Giese untersucht vor dem Hintergrund dieser Frage zunächst diverse Möglichkeiten zur Typologisierung von Supply Chain-Strategien und stellt einen Ansatz zur Abgrenzung unterschiedlicher Supply Chain-Typen vor. Auf Basis dieser Typologisierung wird ein differenziertes, prozessorientiertes Konzept zur Einführung eines Performance Measurement entwickelt. Im Rahmen der Vorbereitungsphase werden dabei Fragen der Strategieableitung sowie der organisatorischen Verankerung eines Performance Measurement in den verschiedenen Supply Chain-Typen diskutiert. Somit werden für alle im Rahmen der Einführung eines Performance Measurement-Konzepts zu treffenden Entscheidungen Handlungsempfehlungen abgeleitet, die jeweils in Abhängigkeit von dem zugrunde liegenden Supply Chain-Typ diskutiert werden.​