Performance Measurement in Supply Chains

Performance measurement in supply chains involves assessing how efficiently and effectively a supply chain operates. It includes evaluating key metrics such as speed, cost, quality, and customer satisfaction. By monitoring these metrics, businesses can identify areas for improvement, streamline processes, and enhance collaboration among suppliers, manufacturers, and distributors. This helps ensure that products are delivered to customers on time, within budget, and meet quality standards. Ultimately, effective performance measurement leads to better decision-making and improved profitability for companies within the supply chain.