Asked by Kiera Gover on May 01, 2024
Verified
Many organizations want to be effective and efficient, but simply stating these objectives is not adequate unless metrics are used to gauge whether these objectives are achieved.
Metrics
Standards of measurement that provide insights or data to track and assess the status or performance of various aspects within an organization.
Effective
Having an intended or expected outcome; producing a decisive result or effect.
Efficient
Achieving maximum productivity with minimum wasted effort or expense.
- Understand the significance of coordinating logistics and supply chain metrics with overall corporate goals to attain service quality, efficiency, or objectives of minimal cost.
Verified Answer
BM
Blake MorrisMay 02, 2024
Final Answer :
True
Explanation :
Simply stating objectives is not enough; metrics are needed to measure performance and determine if the objectives have been met.
Learning Objectives
- Understand the significance of coordinating logistics and supply chain metrics with overall corporate goals to attain service quality, efficiency, or objectives of minimal cost.
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