Supply Chain Metric .com
DEFINING YOUR METRICS
As you begin to define the metrics you want
to create, proper documentation of your measurement is essential. The
definition for your metric should be agreed upon by senior management. The
agreed upon definition should be published in an easy to access method. Ideally,
it would be on the report itself or on a separate tab.
The importance of validation can not be over emphasized.
Validation is a critical step in creating metrics. It is not enough to believe
that you have defined your metric properly. You need to do your due diligence.
You need to make sure that the data that you are publishing is correct. Since
business decisions are often made as a result of metrics, the numbers you
publish must be accurate. They must be bullet proof. Any errors could result in
a non-trust of your measurements.
Our goal is to guide companies that are
looking to optimize their Supply Chain. Unfortunately, we do not currently have
the resources to answer individual questions.
For information on Inventory
Turns, Fill Rate Measurement, Backorder Reporting or any other Supply Chain
Metric, click on the links to the left. The text that appears on this
website is the opinion of the webmaster. Metrics may or may not be uniform
across all industries. All data listed here may be used as a general guide, but
it's accuracy is not guaranteed. Please consult a qualified Supply Chain
professional for more details on Supply Chain Measurements.
Other Supply Chain Websites
VendorManagedInventory.com - information on
Vendor Managed Inventory