How can supply chain dashboards help executives in decision making?

Supply chain dashboards can significantly aid executives in decision making. They provide a visual representation of key performance indicators (KPIs) such as supply chain costs, supply chain costs vs sales, inventory to sales ratio, and the carrying cost of inventory. This allows executives to quickly assess which costs are the highest and how they compare to the company's sales and industry averages. Since inventory is often a company's largest expense, being able to measure inventory to sales ratios and the carrying cost of inventory can be invaluable. Furthermore, these dashboards are often linked to Excel sheets where executives can input their data, allowing for customization and flexibility in data analysis.

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In this supply chain dashboard, execs can measure supply chain costs, supply chain costs vs sales, inventory to sales ratio, and the carrying cost of inventory. This supply chain costs visualization helps you assess which costs are the biggest at a glance, and can be measured against the company or team's sales and compared to the industry average. Since inventory is often a company's largest expense, inventory to sales ratios and the carrying cost of inventory can also be measured with line and bar graphs. As a reminder, these dashboards all link up to Excel sheets where execs plug in their data. The example in this template has three years' worth of data, but execs can edit the sheet to minimize or extend this range. (Slide 5)

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KPIs and Performance Metrics

Does your team struggle to meet your most important business objectives?KPIs are vital for performance metrics as they create organizational accountab...

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