Yardstick Performance Measurement is a benchmarking method that compares a company’s supply chain and inventory management metrics against industry standards or competitors. This approach helps identify performance gaps and areas for improvement. By using yardstick measurements, companies can evaluate key indicators such as inventory turnover, order fulfillment rates, and carrying costs. These metrics provide actionable insights that drive inventory optimization efforts and supply chain efficiency. Consistent benchmarking through yardstick measurements fosters continuous improvement. It encourages supply chain managers to adopt best practices, implement innovations, and align operations with market demands, ultimately enhancing competitiveness and customer satisfaction.
