| Supply chain management has evolved over the course of history in order to provide faster and efficient service to those companies that follow its principles. As there have been advances in technology and changes in the way business is conducted across the globe, supply chains also have had to change in order to remain effective. With greater attention paid to resource depletion, environmental impact, and waste reduction; the concept of closed-loop supply chains has garnered the attention of managers who look to make their production processes more efficient. Finding ways to judge the performance of these supply chains is critical to managers. By identifying key performance measures, they are able to gauge how their closed-loop process is performing as well as identify areas for improvement. |
