Current OTIF rate, Current Inventory Turns, Current Logistics Cost Overruns, Current Days’ Supply, Average Capital Tied in Inventory, Worst Case Cycle time, returns rate, Supplies and Suppliers at Risk – You decide which metrics are critical for you to gauge the health of your supply chain.
Even wirhin the same Industry, firms have different business models. ECONOMICS vary significantly. To some inventory at hand is a bane. To some it’s a boon. To someone dealing in commodities whose prices depend on market conditions, it works both ways. You need right set of metrics to measure the health of your supply chain. Inventory Productivity, Order to Cash Cycle Time, Return on Current Assets, % of returns, near expiry risk – the metrics mean different things to different firms and different size and scale of operations. Not everything is equally important to everyone.
Our health cheker understands the data sources of your supply chain health. You do not need fancy dashboards and a dozen KPIs. You probably need a couple of them daily.