Category: Operations & Manufacturing

Inventory Metrics Examples

The objective of any inventory management program or inventory system should be to minimize cost, maximize profit while being able to meet customer expectations (orders). Just like in any business discipline tracking, monitoring and measuring metrics is crucial for effective management. However the metrics you use will drive the performance because you’ll be focusing on […]

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Quality Tools, KPIs, Metrics, DMAIC and Six Sigma for Sales and Marketing

Quality management and control tools, concepts and methodologies like six sigma, total quality control, SPC, quality deployment, etc. are proven to be effective ways to improve the organizational process performances traditionally in manufacturing and industrial environment. When it comes to applying these very same strategies to sales and marketing there is a big disconnect simply […]

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Supply Chain Metrics: Cycle Time KPI

Why this metric is important? Many companies compete on speed and reliability – these organizations include the logistics companies like FedEx and DHL and retailers like Amazon and Wal-Mart. In addition industrial and B2B companies are also focused on improving the cycle time in order to improve delivery times and productivity. The benefits of efficient […]

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How to Select the Best KPIs for your Business

The right place to start selecting and deciding on what overall performance signs will be the key to evaluating the success of a certain organization must be the ones that the management utilizes on a regular basis for managing the company performance. Most business managers often use reports with their top financial KPIs, although they […]

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