Ads
related to: supply chain performance model- View Quick Demo
Meet Changes in Business Demands
with Confidence. Watch the Demo.
- AI in Finance
Ability for Machines to Augment
Tasks Performed by Finance Teams.
- Solutions for Finance
AI & Machine Learning at the Core
for Future-Ready Finance Solutions.
- Financial Management
Innovations that Keep Finance
One Step Ahead. View Our Demo.
- 2024 Magic Quadrant™
Work Moves Forward.
Workday Keeps You Ahead.
- Can Your ERP Do This?
Drive Value with a System Built
for Modern Finance Leaders.
- View Quick Demo
Search results
Results From The WOW.Com Content Network
SCOR has developed a set of metrics for supply chain performance, and ASCM members have formed industry groups to collect best practices information that companies can use to elevate their supply chain models. This reference model enables users to address, improve, and communicate supply chain management practices within and between all ...
The SCOR (Supply-Chain Operations Reference) model, developed by a consortium of industry and the non-profit Supply Chain Council (now part of APICS) became the cross-industry de facto standard defining the scope of supply-chain management. SCOR measures total supply-chain performance.
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
The rationality-oriented approach of supply-chain controlling coordinates all participants in the supply chain to improve performance. Common management systems and instruments for performance measurement are developed, enabling guidance for individual companies and the entire supply chain.
Typically, supply-chain managers aim to maximize the profitable operation of their manufacturing and distribution supply chain. This could include measures like maximizing gross margin return on inventory invested (balancing the cost of inventory at all points in the supply chain with availability to the customer), minimizing total operating expenses (transportation, inventory and ...
The term "service level" is used in supply-chain management and in inventory management to measure the performance of inventory replenishment policies. [1] Under consideration, from the optimal solution of such a model also the optimal size of back orders can be derived.
Ad
related to: supply chain performance model