What is the concept of M & E in supply chain management ?

M & E in SCM means Monitoring and Evaluation Monitoring is routine, timely tracking of the performance of continuous record-keeping, reporting or surveillance systems. Effective, frequent monitoring helps managers to make decisions in a timely manner, monitoring indicators often show the areas that require in-depth evaluation.   Evaluation is episodic assessment of progress towards a programme’s targets. The purpose of indicators is to establish whether a programme’s inputs result in the desired outputs and outcomes, evaluation is conducted at longer intervals and requires significant investment in a rigorous method.

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M&E or Monitoring & Evaluation in Supply chain management refers to tracking key aspects of procurement and supply management (PSM) and taking the necessary corrective actions result in continuous improvement of the system’s effectiveness. The core indicators for monitoring and evaluating PSM are defined as early-warning indicatorsof stock-outs and overstocking. some other indicators are used to indicate the performance of logistics systems.