Hydroponics, a soilless cultivation technique using nutrient solutions under controlled conditions, is used for growing vegetables, high-value crops, and flowers. It produces significantly higher yields compared to conventional agriculture despite its higher energy consumption. The success of a hydroponic system relies on the composition of the nutrient solution, which contains all the essential mineral elements necessary for optimal plant growth and high yield. This review delves into the discussion of enhancing nutrient solution management strategies across different hydroponic systems. The aim of this review is to discuss various techniques for monitoring nutrient solutions in order to improve nutrient use efficiency (NUE) and water use efficiency (WUE). The conventional approach of monitoring the hydroponic nutrient solution using electrical conductivity measurement may not provide precise information about ion concentrations, potentially resulting in poor yields or excessive fertilizer usage. To overcome these limitations, alternative management strategies have been developed to enable more accurate monitoring and efficient management. One such strategy is the nitrogen-based approach, where nitrogen concentration becomes the primary controlled element in the nutrient solution and leads to WUE and NUE development by prolonging nutrient solution recirculation. Furthermore, various methods have been devised to improve nutrient solution strategies. These include using ion-selective electrodes to measure individual ions in the hydroponic nutrient solution, using sensors to monitor substrate moisture content, estimating water requirements, and implementing programmed nutrient addition methods. In addition to introducing different management techniques to optimize hydroponic performance, this review provides a better understanding of hydroponic systems.