| Supply chain metrics are important for company | | | | customers through a distribution system. The main |
| executives to have a better understanding of how | | | | objective of logistics or supply chain management is |
| their company operates within a period of time. By | | | | to obtain the right products at the right place in the |
| regularly monitoring the critical areas in the supply | | | | right quantities at the right moment at minimum |
| chain, they can be assured of efficient performance. | | | | costs. Modern supply chains have become too |
| A supply chain is defined as the network of units | | | | complicated that managing them requires more than |
| that obtain raw materials, units that transform these | | | | just intuition. Statistical data would have to be |
| materials to intermediate goods and final products, | | | | accessed, monitored and analyzed to ensure the |
| and business units that bring the products to | | | | efficient performance of the entire network. |