60.1k views
3 votes
Discuss the metric classification scheme developed by the Supply Chain Council and defined in the SCOR model. True or False:

User Daphne
by
7.6k points

1 Answer

3 votes

Final answer:

The SCOR model is a tool for benchmarking and improving supply chain performance, classifying metrics under Plan, Source, Make, Deliver, and Return. It encompasses various operational perspectives such as reliability, responsiveness, and cost efficiency. The statement about the SCOR model was not a true or false proposition.

Step-by-step explanation:

The metric classification scheme developed by the Supply Chain Council is defined in the SCOR (Supply Chain Operations Reference) model. The SCOR model is a diagnostic tool that provides a cross-industry standard for supply chain management. The SCOR model's metric system classifies supply chain performance into five primary management processes: Plan, Source, Make, Deliver, and Return. This performance measurement system covers a range of operational perspectives including reliability, responsiveness, agility, costs, and asset management efficiency.

Performance attributes such as delivery reliability, order fulfillment, and cost control are critical for evaluating the efficiency and effectiveness of a supply chain. Metrics for these attributes allow organizations to benchmark their performance and identify areas for improvement. SCOR also enables businesses to understand the complexities of their supply chain operations and create robust supply chain strategies.

True or False: This statement was not presented in the form of a true or false question. The discussion refers to the SCOR model for metric classification in supply chain management, which indeed comes from the Supply Chain Council.

User Parleer
by
7.1k points