Measuring Supply Chain Performance: The 3 KPIs You Need to Measure Inventory
The overall performance of your supply chain can be measured by examining three key questions:
- Is the supply chain acquiring the things your organization needs?
- Is it providing customers with the things they need?
- And is it doing it all in the right time and for the right price?
To find the answers, the first place you need to look is your inventory. And to know what you're looking for, there are three valuable Key Performance Indicators (KPIs) you should be monitoring. Inventory ensured that businesses are able to deliver what customers want, when they want it. But how do you strike the fine balance between having enough and having too much?