Logistics And Supply Chain Management (SCM)
Source: Industry Canada
As competition becomes more global, innovation is moving from a firm-to-firm level to a supply chain versus supply chain perspective. Canadian firms must develop supply chain agility in a Just-In-Time (JIT) and mass customisation mode. This paper explains measurement of logistics and Supply Chain Management (SCM) Key Performance Indicators (KPI) that is an essential part of the agile supply chain concept. While inventory turns is the main KPI for evaluating supply chain agility, logistics cost KPI allow firms to evaluate the efficiency of their logistics and SCM operations. The combination of supply chain agility and efficient SCM practices is key to long term competitiveness and prosperity of Canadian firms in a Global Supply Chain (GSC) context.