Supply Chain Management Professional (SCMP) · Question
What is the primary purpose of a 'key performance indicator' (KPI) in supply chain management?
KPIs are quantifiable measures used to evaluate the success of an organization or a particular activity in meeting its strategic and operational goals.
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Question: What is the primary purpose of a 'key performance indicator' (KPI) in supply chain management?
Answer options:
- To describe a product's features. ✅ To measure performance against strategic objectives.
- To list all suppliers.
- To document internal procedures.
Correct answer: To measure performance against strategic objectives.
Explanation: KPIs are quantifiable measures used to evaluate the success of an organization or a particular activity in meeting its strategic and operational goals.
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