Key Performance Indicator (KPI)

A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving its key business objectives.

In supply chain management, KPIs can track supplier performance, delivery times, quality, and cost efficiency.

KPIs help companies identify areas for improvement and ensure that supplier relationships are aligned with business goals.

For example, a company might track a KPI related to on-time delivery rates to ensure that suppliers are meeting deadlines.

Relatico allows users to set and monitor KPIs for supplier performance, ensuring that business goals are consistently met.

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