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Supply Chain KPIs
Supply Chain KPIs
Using data-driven insights to optimize supply chain operations and improve efficiency.
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What are
Supply Chain KPIs
?

Supply Chain Analytics is a data-driven approach that optimizes complex supply chain networks by collecting, analyzing, and interpreting data from diverse sources. It enhances visibility across the supply chain by integrating data from systems like ERP, MES, TMS, and CRM. This holistic view helps identify inefficiencies and areas for improvement. Supply Chain Analytics analyzes key metrics such as inventory levels, order fulfillment rates, and transportation costs to assess and improve performance. It plays a crucial role in forecasting and demand planning, enabling organizations to optimize inventory, reduce costs, and ensure timely fulfillment. Supplier management is also enhanced through performance analysis, aiding in contract negotiations and risk mitigation. Additionally, Supply Chain Analytics utilizes advanced techniques like data mining and machine learning to uncover patterns, anticipate disruptions, and drive continuous improvement.

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Benefits of Tracking
Supply Chain KPIs

1) Improved Operational Efficiency: Supply chain analytics helps businesses optimize their operations by analyzing data and identifying areas for improvement. Companies can identify bottlenecks, streamline processes, and enhance overall operational efficiency by exploring various aspects of the supply chain, such as inventory levels, production processes, transportation routes, and supplier performance.

2) Demand Forecasting and Inventory Management: Supply chain analytics enables businesses to forecast demand more accurately, leading to optimized inventory management. Companies can make data-driven predictions about future direction by analyzing historical sales data, market trends, and customer behavior. This helps maintain optimal inventory levels, reduce stockouts, and minimize excess inventory, resulting in cost savings and improved customer satisfaction.

3) Supplier Performance Management: Supply chain analytics allows businesses to monitor and evaluate the performance of their suppliers. Companies can identify high-performing suppliers and establish stronger relationships by analyzing supplier data, such as delivery times, quality metrics, and costs. This helps in supplier selection, negotiation of favorable terms, and overall supplier performance improvement, leading to better supply chain reliability and cost-effectiveness.

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Supply Chain KPIs
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Inventory Value Wrongly Procured
Inventory Value Wrongly Procured refers to the monetary worth of inventory items that have been acquired or procured erroneously, either in terms of quantity, specification, quality, or timing, resulting in misalignment with organizational requirements, operational objectives, or customer demand.
Inventory value over time
Inventory Value over time denotes the cumulative monetary worth of inventory assets held within the supply chain network over a specified period, typically measured in days, weeks, months, or accounting cycles.
Dead Stock
This metric quantifies the monetary value or quantity of stagnant inventory that ties up valuable warehouse space, capital, and resources without generating revenue or contributing to operational objectives
Time to receive
The duration elapsed from the initiation of an order placement to the moment of physical receipt of the goods or materials at the designated location within the supply chain network.
Inventory Value Not Moved for more than 60 days
Inventory Value Not Moved for more than 60 days refers to the monetary worth of inventory items that have remained stagnant and inactive within the supply chain network for a duration exceeding 60 days without undergoing any significant movement, including sales, transfers, or consumption.
Excess Qty
Excess Quantity
Inventory value with no Receipt info
Inventory value with no Receipt info refers to the monetary worth of inventory items within the supply chain network for which there is a lack of documented receipt information or traceability regarding their origin, acquisition, or entry into the inventory system.
Min Inventoy Value movement over time
Min Inventory Value refers to the dynamic fluctuations and trends in the lowest monetary worth of inventory assets that an organization aims to maintain within its supply chain network over a specified period.
Max Inventory Quantity movement over time
Max Inventory Quantity movement over time refers to the dynamic fluctuations and trends in the upper limit or maximum threshold of inventory levels that an organization aims to maintain within its supply chain network over a specified period.
Min Inventory Quantity
Min Inventory Quantity efers to the lowest acceptable quantity of inventory items that an organization aims to maintain within its supply chain network at any given time.
Min Inventory Quantity movement over time
Min Inventory Quantity movement over time refers to the dynamic fluctuations and trends in the lowest acceptable quantity of inventory items that an organization aims to maintain within its supply chain network over a specified period.
Max Inventory Quantity
Max Inventory Quantity, represents the upper limit or maximum threshold of inventory levels that an organization aims to maintain within its supply chain network at any given time.
Min Inventoy Value
Min Inventory Value encompasses the monetary value of inventory assets across various categories, including raw materials, work-in-progress, and finished goods, based on factors such as demand variability, lead times, and service level agreements
Max Inventory Value represents the highest monetary worth of inventory assets that an organization aims to maintain within its supply chain network at any given time.
Max Inventory Value
Not Moved Inventory Value
Not Moved Inventory Value refers to the monetary worth of inventory assets that have remained stagnant or inactive within the supply chain network for a specified period.
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