The Importance of KPI Monitoring and Feedback Mechanisms in Supply Chain Management for Continuous Optimisation
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Date
2024
Journal Title
Journal ISSN
Volume Title
Publisher
RESEARCH INVENTION JOURNAL OF CURRENT ISSUES IN ARTS AND MANAGEMENT
Abstract
Amidst the fast-paced changes in the business landscape, organisations were under growing pressure to enhance their supply chain operations to stay competitive. This study examined the crucial significance of monitoring Key Performance Indicators (KPIs) and providing feedback mechanisms to promote ongoing improvement in supply chain management. Based on current research and industry knowledge, the article explored the importance of matching key performance indicators (KPIs) with strategic goals and using modern analytics and technology to get immediate insights. The report identified challenges such as data integration and system compatibility and provided ideas for overcoming these obstacles. In addition, the paper focuses on new trends such as blockchain technology and sustainability metrics. It provided practical suggestions for organisations to improve supply chain performance and attain a sustainable competitive advantage. This research enhanced knowledge on the subject and offered practical insights for organisations aiming to improve their supply chain operations by combining contemporary literature and empirical facts.