Manufacturing
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Procurement
- Defect Rate by Supplier
- Analysis of the Defect Type and Defect Rate will offer actionable insights about a supplier’s trustworthiness
- Lead to important business decisions
- Lead Time in Days
- Measure the amount of time between when a supplier receives an order and the time when the order is shipped
- Lead time also confirms vendor availability
- Purchase Order Cycle Time in Hours
- Measure in hours or days from the time a purchase requisition is submitted to the time when it is transmitted to a vendor
- Avoid overspend on wasted purchases or lacking in urgency to stock products
- Compliance Rate by Year
- Analyse the company’s risk management strategy
- Establish programs to consistently and accurately govern the compliance policies over time
- The amount of spend managed by procurement out of total company spend
- Identify sourcing potential and opportunities for savings
- Enhances business profitability, reduces cash leakage and minimizes supplier risk
Price Optimization
- Satisfied customer
- Retention of customers
- Improving customer loyalty
- Things to implement for maximum customer satisfaction
- Popularity of the product or services
- Growth of organisation over time
- Repeat business
- Customer acquisition rate
- Need of Customer
- Better decision process
- Improvement required region
- Regions where accuracy is achieved
- Customer satisfaction rate
- Year on year growth of Revenue
- Return on investment
- Determining profitability of an expenditure
- Understanding how well your business is doing
- Areas of improvement to achieve the required goal
