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Measuring Supply Chain Performance
If you want the operation of your supply chain to be successful, it's not enough to simply select the correct strategy. Analysis of your supply chain's functions is essential to current and future success.
The first step in improving your supply chain is to measure its performance. You analyze the effectiveness of your supply chain's various functions through performance measurement.
Advantages of Performance Measurement
Performance measurement helps you to identify the strong and weak points of your company's operations and processes. You can reinforce success factors and correct potential mistakes. Performance measures should be easy to define and implement.
Measuring performance can help your company save money. By identifying what's working well and what needs to be improved, you can better decide what direction your company should take in the future.
You can also use performance measures to determine what improvements you need to make to your supply chain management strategy. This helps ensure that you have an efficient system in place for getting your products to your customers.
Pre-conditions of Effective Performance Measurement
Before measuring performance, you have to decide what needs to be measured. You must also clarify how performance measurement will help you reach your productivity goals.
When implementing performance measurement, you should look at all aspects of the supply chain. The supply chain incorporates all production processes, so to analyze the supply chain, you must analyze your entire production process.
Focus of Performance Measurement
Never use performance measurement to single out any individuals. Instead, encourage your employees to take part in finding solutions to any problems that could arise.
The focus of performance measurement should be on the performance of the supply chain. It shouldn't focus on the performance of certain individuals.
Exercise - Why Measure Performance?
Now, after all the theory, what do you think about some practice? Why should companies measure the performance of their supply chains?
1 - To identify areas of possible improvement.
2 - To save money. (...)
Full course: https://www.udemy.com/operations-and-supply-chain-management/?couponCode=PROMONOW
Showing posts with label measurement. Show all posts
Showing posts with label measurement. Show all posts
Monday, October 12, 2015
Saturday, October 10, 2015
Operations and Supply Chain Management - Methods of Performance Measurement
Full course: https://www.udemy.com/operations-and-supply-chain-management/?couponCode=PROMONOW
Measuring Performance
Suppose you want to identify what areas of your organizations' supply chain can be improved. You first need to understand the various methods you can use to measure the performance of your supply chain.
And, for this, you can use various kinds of measurement to analyze performance.
SCOR Model
One example is the supply chain operations reference, or SCOR, model. This enables you to recognize, measure, and reconstruct processes to achieve a more effective supply chain.
The SCOR model views the supply chain as a series of building blocks with similar definitions. It's a flexible method that works well for both simple and complex supply chains.
Measurement Areas
Companies can choose from many measurement methods. And, as a company's needs change, it may need to consider using different performance measurement methods.
Supply chain performance measurement is based on four significant areas: planning, operations, delivery, and post-delivery.
Planning
Effective supply chain planning saves time and money. It also ensures that products reach customers efficiently.
Operations
When evaluating operations, companies must ensure that customers receive the products in a timely manner.
Delivery
Delivery is an important aspect of customer satisfaction. You must ensure that customers are satisfied the first time they receive their products.
Post-delivery
A customer's opinion of a company will be formed when the order is placed, when the sale is made, when the product is received, and when payment is made.
Planning
The first area of supply chain performance measurement is planning. Planning helps identify where the flaws are in the supply chain. (...)
Full course: https://www.udemy.com/operations-and-supply-chain-management/?couponCode=PROMONOW
Measuring Performance
Suppose you want to identify what areas of your organizations' supply chain can be improved. You first need to understand the various methods you can use to measure the performance of your supply chain.
And, for this, you can use various kinds of measurement to analyze performance.
SCOR Model
One example is the supply chain operations reference, or SCOR, model. This enables you to recognize, measure, and reconstruct processes to achieve a more effective supply chain.
The SCOR model views the supply chain as a series of building blocks with similar definitions. It's a flexible method that works well for both simple and complex supply chains.
Measurement Areas
Companies can choose from many measurement methods. And, as a company's needs change, it may need to consider using different performance measurement methods.
Supply chain performance measurement is based on four significant areas: planning, operations, delivery, and post-delivery.
Planning
Effective supply chain planning saves time and money. It also ensures that products reach customers efficiently.
Operations
When evaluating operations, companies must ensure that customers receive the products in a timely manner.
Delivery
Delivery is an important aspect of customer satisfaction. You must ensure that customers are satisfied the first time they receive their products.
Post-delivery
A customer's opinion of a company will be formed when the order is placed, when the sale is made, when the product is received, and when payment is made.
Planning
The first area of supply chain performance measurement is planning. Planning helps identify where the flaws are in the supply chain. (...)
Full course: https://www.udemy.com/operations-and-supply-chain-management/?couponCode=PROMONOW
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