Although our blog had an earlier post on KPIs, this topic is of such depth, that here’s another one with some more thoughts.
KPIs are measurements that can be quantified and agreed to beforehand. KPIs vary across different organizations and industries. They reflect the goals of the organization and are critical to organizational success. Choosing the criteria for defining the KPIs is an important process. Different industries/business models require different measurements. For example, KPIs for a Manufacturing Supply Chain will be different from that of a 3PL (3rd Party Logistics) Supply Chain.
Few KPIs to Measure & Improve are…
Levels by Day
Aging by SKU
Turn by SKU
Required Arrival Date Compliance
On-Time Performance on Fulfillment Orders
Transit Time Metrics
Weight Capacity Utilization
Inbound/Outbound Volume Activity and Throughput
Productivity Score Card by Function
Cost Breakdown by Case, Pallet, Weight-fixed-variable and Combination
Labor Cost Per Man Hour v/s Throughput
Monthly Operating Costs
Facility Space Utilization
Shipping and Receiving Turn Times
Shipped Fill Rate on Fulfillment Orders
Orders Shipped Complete
Order Picking Accuracy
PALMS™ Analytics is powered by QlikView, the fastest growing Business Intelligence (BI) product in the world. Clear visibility of KPI through powerful, interactive Business Intelligence & Analytics dashboards is the significance of this version. PALMS™ Analytics phenomenally improves a warehouse’s analytic capability by offering a performance management platform that truly helps you control costs, maximize profitability and boost your business results.