What is SCOR framework?
The supply chain operations reference model (SCOR) is a management tool used to address, improve, and communicate supply chain management decisions within a company and with suppliers and customers of a company (1). This framework focuses on five areas of the supply chain: plan, source, make, deliver, and return.
What is the framework for supply chain performance measurement?
The performance measurement on supply chain is an appraisal on the performance including overall operation level, the node enterprises in the supply chain, the cooperation relationship between the node enterprises, etc. Hence it is essentially a business-process-based performance measurement framework.
How do firms use SCOR?
SCOR helps people measure corporate performance against a set of goals that reflect the entire company’s long-term strategic plan, not just the goals of Logistics, Sales, Finance or other specific departments. Companies determine where their weak links exist, and where employing best practices can help them the most.
What is supply chain management framework?
The SCM framework incorporates all supply chain planning and execution processes from demand management to customer delivery. A holistic view begins by matching supply with demand to create a feasible plan defining the operating levels and resources needed to meet customer requirements.
What is supply chain performance management?
The goal of supply chain performance management is business process optimization through monitoring and analysis of key performance indicators. This type of analysis allows companies to track various metrics at different organization levels and to take timely actions.
What is the purpose of the extended value chain?
A company conducts a value-chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.
How is SCOR used in supply chain management?
The supply chain operations reference model (SCOR) is a management tool used to address, improve, and communicate supply chain management decisions within a company and with suppliers and customers of a company (1). The model describes the business processes required to satisfy a customer’s demands.
What is the purpose of the SCOR framework?
The SCOR framework makes it possible for organizations to quickly determine and compare the performance of supply chain and related operations within their organization and against other organizations.
When did the first SCOR model come out?
The first SCOR model was issued by the Supply Chain Council back in 1996. Made up of various companies, the association looks to optimize the value chain. Today, thanks to several adjustments, the SCOR model has become an industry-independent framework for corporate and supply chain decisions.
How many SCOR metrics are there in the framework?
There are over 250 SCOR metrics in the framework, categorized against five performance attributes: reliability, responsiveness, agility, costs and asset management efficiency.
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