A course presented by Georgia Tech next month, "Logistics Performance, Cost, and Value Measures," seeks to address that void by defining a full logistics performance measurement program and showing how a logistics performance gap analysis can be used to justify new initiatives.
The idea that improvements in logistics per formance will lead to cost reductions and increased shareholder value maseem self evident. But unfortu nately, the formal links between logistics performance, cost, and value are not widely under stood. And that can make it difficult for managers to sell their logistics initiatives to management.
Scheduled for Aug. 21-24 in Atlanta, the course will focus on the characteristics of an effective performance measurement system. Attendees will learn how to set realistic targets, define metrics, and benchmark logistics performance measures. Instructors will cover how to measure the financial, productivity, quality, and cycle time performance for supply chains, logistics operations, and more. For information, visit www.tli.gatech.edu/education and click on Logistics Professional Series.