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The Importance of KPI Monitoring and Feedback Mechanisms in Supply Chain Management for Continuous Optimisation

Author: Aleke Jude Uchechukwu1 and Echegu Darlington Arinze2
Publisher: RESEARCH INVENTION JOURNAL OF CURRENT ISSUES IN ARTS AND MANAGEMENT
Published: 2024
Section: College of Economics and Management

Abstract

                                 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.
Keywords: Supply chain management, Key Performance Indicators (KPIs), Feedback systems, Optimisation,
Advanced analytics.