Performance Metrics
Definition of Performance Metrics as it relates to Business, Business Planning, Supply Chain Management
Performance Metrics in the context of Business, Business Planning, Supply Chain Management refer to measurable values used to quantify the quality and efficiency of a business's performance. These metrics can evaluate various aspects such as financial health, operational effectiveness, customer satisfaction, and supply chain efficiency. They serve as key performance indicators (KPIs) that help organizations track progress towards their goals, identify areas for improvement, and make data-driven decisions. Examples include revenue growth, profitability, inventory turnover, on-time delivery rate, and customer retention rate.