Scor Model Supply Chain: Meaning and Importance
Scor Model Supply Chain
Supply Chain Operations Reference (SCOR) is a framework for assessing and ameliorating the performance of supply chain operations. It was developed by the Supply Chain Council, a non-profit organization, and is widely used in industry. In a nutshell, it enables companies to meet the market's demand.
The SCOR model provides a common language and framework for measuring and improving supply chain performance. It covers the entire supply chain from end to end, from raw materials suppliers to the customers who purchase the finished products.
The SCOR supply chain is structured around five critical performance areas:
Planning and Control
Execution and delivery
Returns and reverse logistics
Monitoring and measurement
Collaboration and communication
These performance areas are further broken down into key performance indicators (KPIs). The KPIs provide a way to measure and compare the performance of different supply chains.
The SCOR model supply chain is widely used in industry, and many companies use it to benchmark their performance against others. Academics and consultants also use it to study and improve supply chain performance. Apart from identifying problematic areas and creating pathways to solve these issues, the SCOR framework can also help companies to identify new opportunities.
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