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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.
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 ...
[2] [3] A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally".
To use this model in the context of supply chains, there must be consistent defined and delimited cost and performance data. Since many companies participate in more than one supply chain, standardization across the sector is beneficial.
The Confirmed Line Item Performance (CLIP) is one of the diagnostic metrics for perfect order fulfillment which defines the supply chain delivery reliability measurement between facilities within a supply chain. [1] Those facilities may belong to one company or span over several companies.
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.
[a] The Council's original mission was to define a common language to describe and model supply chains. SCC developed the Supply Chain Operations Reference (SCOR) model for supply chain management. The original framework for the SCOR model was developed by AMR and PRTM and vetted with industry-leading companies including Intel, IBM, Rockwell ...