Supply Chain Management Professional (SCMP) · Question
What is the primary role of a 'Key Performance Indicator' (KPI) in supply chain management?
KPIs are quantifiable measures used to evaluate the performance of specific supply chain activities against predefined goals.
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Question: What is the primary role of a 'Key Performance Indicator' (KPI) in supply chain management?
Answer options:
- To define legal obligations in contracts ✅ To measure and track progress towards strategic objectives
- To automate inventory replenishment
- To identify potential suppliers for new products
Correct answer: To measure and track progress towards strategic objectives
Explanation: KPIs are quantifiable measures used to evaluate the performance of specific supply chain activities against predefined goals.
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