Supply Chain Management Professional (SCMP) · Question
What is the purpose of a 'key performance indicator' (KPI) in supply chain management?
KPIs are quantifiable measures used to track and assess the performance of various aspects of the supply chain against strategic goals.
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Question: What is the purpose of a 'key performance indicator' (KPI) in supply chain management?
Answer options: ✅ To measure and evaluate the effectiveness of supply chain processes
- To define the legal terms of supplier contracts
- To automate inventory reordering decisions
- To set minimum ethical standards for supplier conduct
Correct answer: To measure and evaluate the effectiveness of supply chain processes
Explanation: KPIs are quantifiable measures used to track and assess the performance of various aspects of the supply chain against strategic goals.
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