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.
- Specific
- Measurable
- Attainable
- Relevant
- 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:
- 11 Golden Rules for Meaningful Supply Chain KPIs
- KPI Key Performance Indicators in Supply Chain & Logistics
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.
Best Regards,
Rob O’Byrne
Email: robyrne@logisticsbureau.com
Phone: +61 417 417 307
