About This Chapter
KPIs in Supply Chain Management - Chapter Summary
This chapter offers short lessons and quizzes about key performance indicators (KPIs) in supply chain management. These resources can help your supervisors learn how to properly measure the performance of supply chains and use common inventory valuation methods.
The chapter also comes with a comprehensive exam to ensure your employees' comprehension of the material. If your supervisors have any questions about these KPIs, they can easily reach out to our instructors online.
How It Helps
- Builds awareness: The chapter is designed to establish a high-level awareness of supply chain management KPIs.
- Covers a variety methods: Lessons go over a number of methods that are used in inventory valuation.
- Identifies important KPIs: The chapter discusses and explains four different KPIs for supply chains.
By the end of the chapter, your company's supervisors should be able to:
- Measure the performance of supply chains
- Identify the four main KPIs in a supply chain
- Use the specific, identification, weighted average, FIFO and LIFO inventory valuation methods
1. Measuring Supply Chain Performance: Key Performance Indicators
A big part of supply chain management is understanding how your company is performing. In this lesson, we'll discuss some key performance indicators for supply chain management, including what they are and how to calculate them.
2. Supply Chain: Four Key Performance Indicators
A supply chain includes all those involved in getting a product designed, produced, and delivered to customers. Businesses want their supply chains to be effective and efficient; key performance indicators analyze this. Keep reading to learn more.
3. Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average
This lesson introduces you to the cost flow assumption methods of specific identification: FIFO, LIFO, and weighted average. You will also learn how to compute inventory in a perpetual system using the methods of FIFO, LIFO, and weighted average.
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