(warehouse and distributor)
Now is the time to dust off those metrics and spruce up your on time delivery.
By Gary Marion
the balance small business
1. Cycle Counting
If you’re spring cleaning your supply chain – take a look at your cycle count program.
2. Re-Order Points
When does your Material Requirements Planning (MRP) system tell you to re-order your inventory?
3. On-Time Metrics
What are your customers saying about you as a supplier?
4. Safety Stocks
Your safety stock inventory is sitting there to protect you against emergencies. It’s also costing you money.
5. Supplier Lead Times
Supplier lead times are a function of how quickly your suppliers can secure raw materials and components, along with their manufacturing lead times and inventory levels.
6. Customer Lead Times
You are your customers’ supplier. The same lead time variables that impact your supplier lead times impact yours.
7. Cost of Goods Sold
Are you still paying the same for your components and raw materials that you did a year ago?