Supply chains are complex systems that link suppliers, manufacturers, retailers, and consumers. They help deliver products on time and in the right quantities at the lowest possible cost. In today’s competitive business environment, supply chains must be efficient and effective. To do so, they must have visibility across their entire value chain.

A good supply chain metric system helps companies understand how well their supply chain is performing by measuring key performance indicators (KPIs) such as inventory levels, order fulfillment times, shipping costs, and customer service at each stage in the process.

These KPIs are critical for companies because they help them track the progress of an organization’s supply chain, provide a snapshot of the current state of the supply chain and allow managers to identify areas where improvement is needed and make informed decisions about their businesses.

To identify the right KPIs for your company, start by asking yourself what you need to know about your business. What do you need to track? How often should you check these numbers? Once you have identified the KPIs you need to track, you can use a KPI dashboard to keep an eye on them.

Building a good KPI dashboard is the key that will provide you with a clear picture of where your business stands at any given moment. To build such a KPI dashboard you must have access to accurate data. This includes data about your customers, suppliers, products, employees, finances, and other key aspects of your business. Without these numbers, you will not be able to effectively perform business operations.

Once you build the KPI dashboard It will allow you to see trends and patterns so you can make informed decisions. You can use data analytics tools to measure KPIs such as inventory levels, customer satisfaction, and sales performance. These tools can help you understand how well your business is performing and whether there are areas that need improvement.