Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. Today’s post is by Joel Holt at Kenco Group, where he discusses several ways that supply chain metrics bring value to your organization .
Imagine you are shopping for a new car. Your current car is not broken or limping along or anything of that nature, you just saw other drivers with cars that run a little more smoothly, go a little bit faster and cost less at the gas pump
The more you spot these superior vehicles on the road, the more glaring the differences between your car and those cars seem to become. You want an upgrade, and you are starting to see, hear – and pay for – issues you once just assumed every car had.
Would you pick a new car at random and hope it will perform how you need it to, repeating the process over and over?
Of course not — that would be expensive and waste a lot of time.
You would do your research before car shopping, take a few test drives, and eventually decide on a model that works for your needs.
Supply chain metrics require the same observations, only instead of driving a car purchase, they speak to something far more important: efficiency and a host of abilities that your supply chain needs to survive, such as…