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    Utilizing KPIs in Supply Chain

    Jun 18, 2019 11:00:05 AM / by Antoinette Maqueda posted in key performance indicators

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    The success of any business is linked to the performance of its supply chain. It doesn’t matter if you are the CEO of a growing corporation or the owner of a developing enterprise, it’s the undeniable truth. At least 50% of businesses, regardless of size, close within 5 years of their launch. The statistics are real, regardless of the industry; 79% of companies with high-performing supply chains achieve higher revenue growth compared to the average within their industry. Contrarily, about 8% of companies with low-performing supply chains report above-average growth. This comparison alone highlights how critical the relationship is between companies and their supply chain. As mentioned before, 50% of businesses fail within 5 years of their launch, therefore, it can be concluded that poor supply chain performance can contribute to business failure.

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