Monitor and Analyze Key Metrics for Supply chain Efficiency ??
Sellogs Metamediary Solutions
The Logistics Operating System for Agile Supply Chains
There are a variety of logistics metrics that can be used to measure the performance of a company's supply chain. Here are a few of the most common metrics:
1. Inventory turnover:
?This metric measures the number of times inventory is turned over or sold within a given period of time. A higher turnover rate indicates that inventory is being managed efficiently and is not sitting idle for long periods of time.
2. Damaged Products
Whether you're receiving inventory or transporting it, you're going to encounter damaged merchandise at some time. Thus, it is critical to document whether or not the product was damaged when it arrived at the distribution centre or whether it was caused by maltreatment. The more you know and the more you do to prevent accidents, the more efficient your warehouse will be.
3. Ongoing Employee Vacancy Rate
It's usual for workers to look for other jobs because of the exhaustion of working at a distribution centre. On the other hand, incentives and a better working environment may help cut down on employee churn. Try to keep your current staff in place rather than constantly looking for new employees who will depart after a few months and wasting time and money training them
4. Order fulfilment rate:?
This metric measures the percentage of orders that are filled and shipped on time. A high fulfilment rate indicates that the supply chain is running smoothly and orders are being filled in a timely manner.
5. Transportation costs:
This metric measures the total costs associated with transportation, including fuel, labor, and shipping. Transportation costs can have a significant impact on the bottom line, so it is important to track and minimise these costs.
领英推荐
6. Warehouse costs:
?This metric measures the total costs incurred by the warehouse operation.
7. Customer satisfaction:
?This metric measures the level of satisfaction of customers with the logistics operation.
Utilizing? Solos-LOGATTA? One Can Measure, Visualize, and Track Key Performance Indicators Regarding Logistics, SCOR-Based Supply Chain Scorecards
Using Solos-LOGATTA, businesses can monitor, track, and display key performance indicators (KPIs) related to logistics. Having the correct systems also provides you with the freedom to establish and maintain your key performance indicators (KPIs). Convert your metric data into coherent and valuable scorecards and dashboards so that you can quickly identify problem areas and take corrective action.
For a Free Evaluation of the SOLOS Platform,
Kochi RO - 8108101374
Book a Demo:?https://lnkd.in/g9KdVZBj
Sellogs Metamediary Solutions