KPIs and Performance Metrics play a crucial role in managing supply chain costs. They provide a measurable value that demonstrates how effectively a company is achieving key business objectives. In the context of supply chain management, KPIs can help in measuring and controlling the operational efficiency of the supply chain. For instance, they can help in assessing supply chain costs, comparing them against sales, and determining the inventory to sales ratio. This information can be used to identify areas of inefficiency, reduce costs, and improve overall performance.
Does your team struggle to meet your most important business objectives?KPIs are vital for performan...
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