article thumbnail

KPIs in Supply Chain — Everything You Should Know?

Procurement Tactics

Supply Chain KPIs Explained. Supply chain KPIs, also known as supply chain metrics, are established parameters that are used to quantify and define the performance of the supply chain. To simplify, these are tools to measure how good your supply chain is doing. .

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Moreover, by selecting reliable suppliers, negotiating favorable terms, and ensuring timely delivery, the supply chain department can optimize procurement processes and minimize costs.

article thumbnail

6 Logistics KPIs Attributes That are Essential

SCMDOJO

Cost KPIs enable managers, directors, and senior leaders to understand companies’ spending. Cost KPIs have some significant indicators like – Inventory Costs, Labor Costs, order processing costs, 3PL supplier spend costs and many more, which contribute to the smooth functioning of a logistics operation. To conclude.

Logistics 112