Description
Write
a paper of 500–700 words on metrics and key performance indicators
(KPIs) used in logistics and supply chain operations. Include the
following:
- Explain the importance of developing metrics and KPIs in logistics and supply chain operations.
- Complete research on a company of your choice, and provide at least 2 metrics used by this organization.
- Focus your research on the logistics and SCM departments of your selected organization.
- Support your research with a table, chart, graph, or any other graphical item that communicates the metrics that you identified.
- Explain what the metrics indicate and how they can benefit the organization.
- Lastly, how can your company develop KPIs that track ethical performance? Why is this important to business success?
Explanation & Answer
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SUPPLY CHAIN MANAGEMENT
1
Metrics and Key Performance Indicators
Student
Institution
SUPPLY CHAIN MANAGEMENT
2
Metrics and Key Performance Indicators
Importance of developing metrics and KPI’s
A company ought to develop values such as a blueprint of how it plans to achieve its
objectives for it to succeed. This calls for the company to have a set of progressive metrics
and key performance indicators (KPI). The importance of metrics and KPIs include; they help
in goal measurement because they enable one to determine what needs to change for a
business to succeed. For instance, a company may use a KPI called defect rate when trying to
reduce defects in its production line. Also, they provide real-time data that is necessary for
running a business and which can be used to counter ...
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