It is important to have a target on your logistics activities. KPI (key performance indicator) management is the basic method to have a target-oriented Supply Chain.
Anytime we collect a data and perform an analysis, it would be better to follow up below sequence
- Define your performance standard
- Validate your measurement methodology
- Design your performance objective
- Try to find where the variation comes from
- Track potential root causes
- Find your variable relationship
- Update your operational tolerances
- Implement a process control method
The word "Analysis" comes from Ancient Greek meaning "break-up". Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development
