Supply Chain Defining Benchmarking

Описание: Defining Benchmarking

Benchmarking allows an organization to track specific metrics in the areas that matter most to them. These metrics are typically called key performance indicators (KPI’s). Benchmarking with KPI’s allows a company to objectively, accurately compare data against themselves at past points. It also allows for equivalent comparison against competitors, industry leaders, and best practices.

What Benchmarks Should Be Measured?

In order to get a holistic view of the health of your supply chain, it is important to measure products, processes, and services. Here are the four key categories that will need to be evaluated in order to determine how well the supply chain is performing, as well as some sample KPI’s in each area.

What is the Balanced Scorecard?

The balanced scorecard is used to communicate, measure, and execute any type of strategic plan. It provides a balanced way of synthesizing the critical actions required to achieve the goals of your supply chain. It can also help you identify the supply chain’s strengths and weaknesses, provide a balanced overview of all elements, manage risks, and much more. It is particularly useful for supply chain management because of its holistic approach; it looks beyond basic financial results through to the underlying processes and non-tangible activities, and to the real drivers of the supply chain.