Editing Performance indicator (section)

===Supply chain management===
Businesses can utilize [[supply chain]] KPIs to establish and monitor progress toward a variety of goals, including lean manufacturing objectives, [[minority business enterprise]] and diversity spending, environmental "green" initiatives, [[Cost accounting|cost avoidance]] programs and [[low-cost country sourcing]] targets. Suppliers can implement KPIs to gain a [[competitive advantage]]. Suppliers have instant access to a user-friendly portal for submitting standardized cost savings templates. Suppliers and their customers exchange vital supply chain performance data while gaining visibility to the exact status of cost improvement projects and cost savings documentation.

Any business, regardless of size, can better manage supplier performance and overall supply chain performance,<ref>El Sayed, H., [https://www.ijaiem.org/volume2Issue1/IJAIEM-2013-01-28-059.pdf Supply Chain Key Performance Indicators Analysis], International Journal of Application or Innovation in Engineering & Management (IJAIEM), Volume 2, Issue 1, January 2013, accessed 6 January 2022</ref> with the help of KPIs' robust capabilities, which include:
* Automated entry and approval functions
* On-demand, real-time scorecard measures
* Rework on procured inventory
* Single data repository to eliminate inefficiencies and maintain consistency
* Advanced workflow approval process to ensure consistent procedures
* Flexible data-input modes and real-time graphical performance displays
* Customized cost savings documentation
* Simplified setup procedures to eliminate dependence upon IT resources

Main KPIs for [[supply chain management]] will detail the following processes:
* Sales forecasts
* Inventory
* Procurement and suppliers
* Warehousing
* Transportation
* [[Reverse logistics]]

In a [[warehouse]], the manager will use KPIs that target best use of the facility, like the receiving and put away KPIs to measure the receiving efficiency and the putaway cost per line. Storage KPIs can also be used to determine the efficiency of the storage space and the carrying cost of the inventory.<ref>{{Cite web |title=Key Performance Indicators for Warehousing Performance {{!}} SIPMM Publications |url=https://publication.sipmm.edu.sg/key-performance-indicators-warehousing-performance/#Receiving_and_Put-Away_KPIs |access-date=2022-07-27 |website=publication.sipmm.edu.sg |date=6 October 2020 |language=en-US}}</ref>