What are the most effective supply chain management benchmarks for business growth?
Supply chain management (SCM) is the process of planning, executing, and monitoring the flow of materials, services, and information from suppliers to customers. SCM can have a significant impact on business growth, as it affects costs, quality, customer satisfaction, and competitive advantage. However, to achieve optimal performance, SCM requires constant evaluation and improvement based on relevant and reliable benchmarks. Benchmarks are standards or measures that can be used to compare and assess the efficiency and effectiveness of SCM processes and practices. In this article, we will discuss some of the most effective SCM benchmarks for business growth and how to use them.