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Key Focus Areas for High Performance
Roger Knocker • March 19, 2024
Key Focus Areas for High Performance
1. Inventory Management:
- Maintaining optimal levels of finished goods inventory to meet demand while minimizing carrying costs and obsolescence risk.
2. Order Fulfilment:
- Ensuring timely and accurate order processing, picking, packing, and shipping to enhance customer satisfaction and loyalty.
3. Supply Chain Visibility:
- Establishing transparency across the supply chain to track the movement of finished goods from production to delivery, enabling proactive decision- making.
4. Quality Control:
- Implementing stringent quality control measures to uphold product integrity and minimize defects or recalls.
5. Distribution Network Optimization:
- Streamlining distribution channels and logistics operations to minimize lead times and distribution costs while maximizing service levels.
Here are some suggested Key Performance Indicators
- # Inventory Turnover Ratio
- # Perfect Order Rate
- % On-Time Delivery Performance
- # Fill Rate
- $ Inventory Holding Cost
- % Stock-Out Rate
- # Order Cycle Time
- $ Carrying Cost of Inventory
- % Order Accuracy
- # Lead Time Variability
- $ Order Fulfilment Cost
- # Days Sales of Inventory (DSI)
- $ Distribution Costs
- % Order Lead Time
- # Backorder Rate
- $ Cost per Unit Shipped
- % Return Rate
- # Dock-to-Stock Cycle Time
- % Supplier On-Time Delivery Performance
- % Obsolete Stock
Feel free to sign up for the KPI spreadsheet to access these and additional KPIs in a structured format that offers better context.
Watch the video below to see what you will get and how to use the KPI spreadsheet to take the guesswork out of KPIs
In the rapidly evolving world of data analytics, understanding foundational techniques is only the beginning. To truly stand out, data professionals need to go beyond the basics and leverage advanced methods that transform raw data into actionable insights. Building on Roger Knocker’s top 10 tips, this article explores advanced strategies to take your data analysis skills to the next level.
In a recent webinar, Roger Knocker, CEO of KPI Management Solutions, shared invaluable insights on extracting meaningful analysis from any data set. These strategies, honed over years of practical experience, are universally applicable—whether you're working with financial data, fitness statistics, or sales figures. Supported by research and best practices, here’s a breakdown of the 10 tips Roger presented to enhance your data analysis skills :