What are the key performance metrics for supply chain management?
An example of an AI chatbot conversation about supply chain performance metrics.
What are the key performance metrics for supply chain management?
Key performance metrics for supply chain management include inventory turnover, order accuracy, and lead time.
How do I calculate inventory turnover?
Inventory turnover is calculated by dividing the cost of goods sold by the average inventory during a period.
What is a good lead time for supply chains?
A good lead time varies by industry, but generally, shorter lead times improve responsiveness and customer satisfaction.
Can you explain order accuracy?
Order accuracy measures the percentage of orders delivered correctly, which is crucial for customer satisfaction.
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