ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The framework that seeks to provide standard descriptions of the processes, relationships, and metrics that define supply chain management is:
A
Mission statement
B
Objectives
C
SCOR model
D
Supply chain flow
Explanation: 

Detailed explanation-1: -SCOR stands for “supply chain operations reference.” The Supply Chain Council – an independent organization – defines it as a reference model for analyzing, evaluating, and optimizing specific processes along the value chain.

Detailed explanation-2: -The SCOR model utilizes ‘Performance Attributes’ to group metrics based on the dimension of performance they are measuring. The five performance attribute areas are: Reliability, Responsiveness, Agility, Cost and Asset Management.

Detailed explanation-3: -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.

There is 1 question to complete.