Lead-Time and On-Time, In-Full: Essential Metrics for Supply Chain Success
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⇨ To improve lead-time, supplier variability, and On-Time, In-Full performance, it is critical to start monitoring these leading indicators.
⇨ SAP Business Networks – Value Analytics can provide a head start to this by delivering predefined business content in form of data models and analytical stories for SAP Data Warehouse Cloud and SAP Analytics Cloud.
⇨ • SAP Business Network – Value Analytics enables you to move from lagging indicators to leading indicators and in creating actionable insights.
Insufficiencies in supply chains can occur due to a variety of factors, such as inadequate capacity, delays in transportation or production, or issues with suppliers. Supply chain insufficiencies can cause several challenges for businesses. These can pertain to lost sales, customer dissatisfaction, and damage to the company’s reputation. In addition, supply chain inefficiencies can result in higher costs for businesses as expediting orders or sourcing materials from alternative suppliers may come at a higher price. Thus, it is crucial for organizations to continuously monitor and optimize their supply chains to ensure that it is sufficient to meet demand. This article focuses on critical KPIs and how organizations can decrease costs, increase customer satisfaction, and become more agile, responsive, and quicker in adapting to the unexpected challenges.