Average time in days to resolve retail supply related issues with quality

This measure calculates average time in days to resolve retail supply related issues with quality. This Cycle Time measure is intended to help companies analyze this duration related to the process "Appraise and develop suppliers".

Benchmark Data

Lock

Sorry! Not all users have access to all of our resources.

Want to unlock access to all of our resources?

Learn about Membership Arrow with stem
Measure Category:
Cycle Time
Measure ID:
106128
Total Sample Size:
80 All Companies
Performers:
25th
- Median
- 75th
-
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are days.

Back to Top
Average time spent to resolve supply related quality issues

Key Terms

Back to Top

Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

Back to Top

Cross Industry (7.3.1)

  • 4.2.5.1 - Monitor/Manage supplier information (10299)
  • 4.2.5.2 - Prepare/Analyze procurement and vendor performance (10300)
  • 4.2.5.3 - Support inventory and production processes (10301)
  • 4.2.5.4 - Monitor quality of product delivered (10302)