Supply Chain KPIs
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Inventory Value Wrongly Procured
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.
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the amount of inventory stock which was wrongly produced

KPI Definition

Inventory Value Wrongly Procured, as a pivotal metric within the domain of supply chain Key Performance Indicators (KPIs), 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. This metric encompasses the financial value of inventory assets that do not meet the intended procurement criteria or fail to fulfill the expected purpose within the supply chain network. Inventory value wrongly procured serves as a critical indicator of procurement inefficiencies, supply chain mismanagement, or deficiencies in supplier management practices, which can lead to increased carrying costs, excess inventory levels, operational disruptions, and compromised customer satisfaction.

Business Value

This metric helps businesses analyses the amount associated with inventory that was wrongly procured

Movement Direction

Sample Formula

SUM (CSS_DN_Value * On_Hand_Good)

Should Aim For
1
This metric should move down ie., decrease with time
2
3
Track Similar KPIs
Reserved Inventory Quantity movement over time
This metric entails the analysis of changes in Reserved Inventory Quantity over time, spanning days, weeks, months, or accounting cycles, to assess the effectiveness of inventory management practices, demand forecasting accuracy, and operational efficiency within the supply chain ecosystem.
Untouched Inventory value
This metric encompasses the value of inventory items that have not undergone any significant movement, including sales, transfers, or consumption, within a designated timeframe.
Untouched Items
Untouched items serve as a critical indicator of potential inefficiencies, overstocking, or inadequate inventory management practices within the supply chain ecosystem
Untouched On Hand Good Quantity
Untouched On Hand Good Quantity serves as a critical indicator of potential inefficiencies, overstocking, or inadequate inventory management practices within the supply chain ecosystem
Max Inventory Value movement over timer presents 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 movement over time refers to the dynamic fluctuations and trends in the upper limit or maximum monetary worth of inventory assets that an organization aims to maintain within its supply chain network over a specified period.
Reserved Inventory Value movement over time
This metric entails the analysis of changes in Reserved Inventory Value over time, spanning days, weeks, months, or accounting cycles, to assess the effectiveness of inventory management practices, demand forecasting accuracy, and operational efficiency within the supply chain ecosystem
Reserved Inventory Value
This metric represents the total value of inventory items that have been designated for various purposes, including customer orders, production requirements, or strategic initiatives
On Hand Good Inventory Quantity movement over time
This metric entails the analysis of changes in On Hand Good Inventory Quantity over time, spanning days, weeks, months, or accounting cycles, to evaluate the effectiveness of inventory management practices, demand forecasting accuracy, and operational efficiency within the supply chain ecosystem.
On Hand Good Inventory Value
On Hand Good Inventory Value serves as a critical measure of inventory availability and financial investment within the supply chain ecosystem.
Reserved Inventory Quantity
Reserved Inventory Quantity encompasses inventory items that have been designated for various purposes, including customer orders, production requirements, or strategic initiatives.
On Hand Good Inventory Value movement over time
Monitoring On Hand Good Inventory Value movement over time provides valuable insights into inventory level optimization, stock replenishment strategies, and financial performance
On Hand Good Inventory Quantity
On Hand Good Inventory Quantity refers to the total quantity of goods or products physically available within the supply chain network at a specific point in time.
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.
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.
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
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