Supply Chain Objectives
- Well defined Supply chain objectives give the competitive edge to the company and better value to its customers
- Supply chain objectives are ambitious goals that motivate the team to maintain end-to-end visibility of the company’s operations for the desired period, typically a Quarter
- Objectives are qualitative directional statements. - Eg. Build an adaptive and agile supply chain
- Supply Chain objectives typically include areas like - Quality Management, Financial Management, Strategic Vendor Partnerships, Cross-docking in Supply Networks, etc
Supply Chain Key Results
- Key Results are the means to achieve an objective (The “How to achieve”)
- Key Results should be measurable, tracked regularly, ambitious, yet achievable
- A good Supply chain Key Result example would be,”100% Supplier Qualification to be driven through the SQS process”
- Some Supply Chain KPIs are Cash-to-Cash Cycle Time, Inventory Turnover, Delivery, and Shipment Times
Supply Chain OKR Examples
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Include Sustainability as a Facet in Supply Chain Operations
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Increase sustainability index further 13%
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Maintain saving from education of carbon inefficiencies to $ 35K
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Maintain saving from less waste with “recycle-reuse-refurbish” materials to $10K
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Take Full Advantage of Technology in Supply Chain
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Increase number of supplier qualification from buyer & supplier community models
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Achieve 100% automation of Supply Chain visibility
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Adopt Modern Key Trends Changing the Supply Chain Management
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Increase number of outsourcing partner included in the information chain from 15 to 50
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Reduce complex product life cycles to 45 days
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Plan and Implement Decision Support Systems
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Increase the number of decisions taken with prescriptive analytics recommendations
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Reduce the cost of excessive inventory with big data analytics recommendation