Which Supply Chain KPI Should You Use? - A Very Common Question on Key Performance Indicators
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- čas přidán 22. 07. 2024
- Which Supply Chain KPI Rob? It's the most common question I get.
I'm happy to suggest specific Supply Chain and Logistics key performance indicators (KPIs), but I think it's useful to show you how to pick your own KPIs.
Think carefully about the outcome or 'objective' you are trying to achieve.
Then consider the functions, activities and tasks that support that outcome.
Those might be the best things to measure.
That's the focus this week.
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👇 TIMESTAMPS (in case you want to skip) 👇
00:00 - Intro
00:26 - Which Supply Chain KPI Should You Use? - A Very Common Question on Key Performance Indicators Discussion
01:31 - Delivery in Full, on Time
02:42 - On-Time Element
03:08 - Dispatch On Time
03:29 - Picking Accuracy
04:00 - Stock Availability
04:41 - Second Example - Reduce Cost
05:19 - Space Utilization
05:53 - Time Utilization
07:21 - Outro
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This video is brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide.
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Just finished my bachelor degree and recently gained enthusiasm in the supply chain field (not my background). I couldn't express how grateful I am for this channel. Your videos and e-classes have been a great help in adding insights to the topic. Your delivery of the topics in a structured and easily comprehensible way really helps for someone new to the supply chain. Truly underrated channel. Greetings from Indonesia!
Very kind feedback, thank you.
What Supply Chain KPI do you find most useful? Or maybe you have a KPI question? Feel free to comment / ask.
👇 TIMESTAMPS (in case you want to skip) 👇
00:00 - Intro
00:26 - Which Supply Chain KPI Should You Use? - A Very Common Question on Key Performance Indicators Discussion
01:31 - Delivery in Full, on Time
02:42 - On Time Element
03:08 - Dispatch On Time
03:29 - Picking Accuracy
04:00 - Stock Availability
04:41 - Second Example - Reduce Cost
05:19 - Space Utilization
05:53 - Time Utilization
07:21 - Outro
Love these videos very insightful and very powerful when applied to operations to find key improvement opportunities. Thank you!
Glad it was helpful!
It is interesting that I have asked you this kind of question in the previous video's comment section and now here is a whole video about KPI in supply chain :))))) Thank you so much for this video
I listen 🙂
Thank you very much wonderful video on SC KPI, Can you please explain about leading and lagging KPI in SC
While a lagging KPI measure tells you if you've achieved the goal, a leading KPI measure tells you if you are likely to achieve the goal.
May I know what is the industry standard healthy level of stock availability? Will 50% be considered healthy?
No, 50% in most industries would be considered very bad. It really depends on many factors. MTS v MTO, range, service offer, lead times and more. But 95% would be a 'good' level for many industries. Higher for some others.
Please include a subtitle while you speaking simply some words doesn't heard clearly for us we use this language as second language.
Sub titles can always be turned on. Just click on the gear wheel on the bottom right of the video. Turn on subtitles. or auto translate and pick your language.