KPI or Key Performance Indicator can be defined as a practical and objective measurement of progress, either:

  • Towards a predetermined goal, or
  • Against a required standard of performance

We also all know our KPIs need to be SMART.

  1. Specific
  2. Measurable
  3. Attainable
  4. Relevant
  5. Time-Based

But also think about the outcome you are looking for in your Supply Chain.

What are the ‘drivers’ of that performance?

Watch the video below:

 

 

Related articles on this topic have appeared throughout our website, check them out:

 

Editor’s Note: This post was originally published on July 28, 2021, under the title “Picking the Right Supply Chain KPI” on Logistics Bureau’s website.

 

Contact Rob O'Byrne
Best Regards,
Rob O’Byrne
Email: robyrne@logisticsbureau.com
Phone: +61 417 417 307

 

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