Quantitative Measures

Quantitative Measures

Quantitative Measures

Mostly the measures taken for measuring the performance may be somewhat similar to each other, but the objective behind each segment is very different from the other.
Quantitative measure are the assessments used to measure the performance and compare or track the performance or products. We can further divide the quantitative measures of supply chain performance into two types. They are:
• Non-financial measures
• Financial measuresImage result for Quantitative Measures in SCM

Non – Financials Measures

The metrics of non-financial measures comprise cycle time, customer service level, inventory levels, resource utilization ability to perform, flexibility, and quality.

Financial Measures

The measures taken for gauging different fixed and operational costs related to a supply chain are considered the financial measures. Finally, the key objective to be achieved is to maximise the revenue by maintaining low supply chain costs.