Are you responsible for measuring key performance indicators for the supply chain in your organization?
You can enhance your business performance with our exclusive Supply Chain KPI Dashboard. This powerful Excel tool is designed for easy customization, making it a valuable resource for monitoring, measuring, and controlling key performance indicators.
According to Handfield et al. (2009), the benefits of using this Dashboard include:
- Systematic measurement leads to enhanced performance.
- Improved communication throughout the supply chain.
- Identification of areas for improvement.
- Provision of opportunities for feedback.
- Enhancement of motivation and alignment of behavior towards desired outcomes.
The SCM KPI Dashboard assists in maintaining SMART (Specific, Measurable, Attainable, Realistic, and Timely) targets, fostering Continuous Improvement within your business and Supply Chain. This ready-to-use Excel Dashboard facilitates monitoring of Previous Year, Current Year vs. Targets, and Future performance.
Reasons Why You Should Buy This:
- Streamlined Monitoring: Effortlessly track your supply chain performance in one centralized dashboard, eliminating the need for manual data gathering.
- Instant Insights: Gain visibility into key performance indicators, enabling quick and informed decision-making for your business.
- Easy Customization: Tailor the dashboard to fit your unique business needs with our user-friendly Excel tool. This ensures relevance to your specific industry and goals.
- Time Efficiency: Save valuable time by automating the measurement and monitoring of KPIs. This allows your team to focus on strategic tasks rather than routine data collection. You can save 6-8 days of dashboard production time.
- Industry Best Practice: The Supply Chain KPI Dashboard shows all standard supply chain KPIs used in many industrial verticals.
- Enhanced Control: Take charge of your business’s success by having a comprehensive tool that aids in monitoring, measuring, and controlling crucial aspects of your supply chain.
- Data-Driven Decision Making: Make informed decisions backed by accurate and up-to-date data. This empowers your team to respond promptly to changing market conditions and opportunities.
- Competitive Advantage: Stay ahead of the competition by leveraging a sophisticated supply chain KPI dashboard. This showcases your commitment to excellence and efficiency.
- Adaptability: Easily adapt to evolving business landscapes with a customizable dashboard that grows with your organization. This ensures long-term relevance and utility.
The Top Supply Chain KPIs Recommended For You
Based on my 16 years of experience, I’ve curated a selection of 18 Supply Chain KPIs organized under the following Performance Attributes. These are:
- Basic Supply Chain
- Inventory Management
- Logistics Management
This list should comprehensively address all the foundational aspects of the Supply Chain. You can add more KPIs and add additional groups according to the nature of your business.
Metrics for supply chain performance
Create Your Own Supply Chain KPIs in Excel
As you have identified additional KPIs in the Actual Sheet, you will need to set targets for your teams for these KPIs in the next sheet i.e. Target Sheet. This will make it easier for you to make comparison with year-to-year values and future target values.
Furthermore, the next few sheets will give you the visual representation of the values that will help you understand trends forming in the available charts. It will visually represent the teams effort and work on one screen. The KPI charts would tell you the summary of:
- Inventory Accuracy & other Inventory Reports
- Safety Reports
- Warehouse Reports
- Freight Reports
- Basic Supply Chain Reports
You’ll derive even more value from this Dashboard by enrolling in the “Must-Know Metrics for Supply Chain Professionals” course led by SCMDOJO Expert Paul Denneman. This course offers an opportunity to delve into the comprehensive content on Supply Chain Performance Management, providing you with in-depth knowledge.
Key Features of the Excel Template for Supply Chain Key Performance Indicators (KPIs):
- The 30-day and cumulative analysis included
- Comparison with both past year and target values
- Interactive chart summary for the Supply Chain KPI dashboard
- User-friendly design with clear presentation output
- Easy and clear templates for each department
- Compatible with any operating system such as Windows, MAC, etc.
- Works with Excel 2007 and newer versions
- One-click download and No installation required
- Print-friendly format
Frequently Asked Questions
Q: What is the main KPI in the supply chain?
A: On-time delivery performance is a critical key performance indicator (KPI) in the supply chain.
Q: What are the 5 measures of supply chain performance?
A: The five measures of supply chain performance include on-time delivery, inventory turnover, order fulfillment cycle time, cost of goods sold (COGS), and order accuracy.
Q: What is SCM dashboard?
A: A Supply Chain Management (SCM) dashboard is a visual tool that provides real-time insights and key performance indicators (KPIs) to monitor and optimize various aspects of the supply chain.
Q: What are the 5 key performance indicators in logistics?
A: The five key performance indicators in logistics include on-time delivery, order accuracy, inventory turnover, transportation costs, and warehouse efficiency.
As Brewer and Speh (2000), cited in Harrison and van Hoek (2011:97)
“If firms talk about the importance of supply chain concepts, but continue to evaluate employees using performance measures that are…unaffected by supply chain improvements, then they will fail in their supply chain endeavours”.
These supply chain performance measures examples can be used straight away. This supply chain metrics dashboard is also known as the supply chain KPI scorecard in some businesses.
Brewer, P. C., & Speh, T. W. (2000). Using the balanced scorecard to measure supply chain performance. Journal of Business Logistics, 21(1), 75.
Dilbert ‘Performance Measurement at: https://dilbert.com/strip/1996-07-18 and Handfield, et al. (2009)
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