IS YOUR SUPPLY CHAIN COMPETITIVE? HOW DO YOU KNOW?
(Using the SCOR model to determine competitiveness)
Blair R Williams CFPIM, CSCP Jonah – Industry Professor (retd), NYU Polytech University, NY, USA, delivered a special address for all the PGDM 1st Year students and PGDM Executive students on Jan 6, 2017 in our New Auditorium at IMT Ghaziabad. He explained the concept of Supply Chain and how it is applied to various Industries.
Brief outline of his talk is given below
To help you determine if your company’s supply chain is competitive
- Elements of a supply chain
- SCOR model and metrics
- some best practices
- How many know if your SC is competitive? Benchmarked? What do you measure?
- On time; Perfect Order; Time to increase production by 30%; Cost of SCM; Cash to cash; Inventory turns;
Elements of supply chain management: PLAN-SOURCE-MAKE-DELIVER-RETURN-ENABLE
- Supply Chain Infrastructure
- Demand Management
- Supply Sourcing
- Business Processes Reenineering
- All Phases of satisfying a Customer demand
- Spans all customer interactions (quote to cash),
- All physical material transactions (procure to pay)
- All market interactions (manufacturing from aggregate demand to fulfillment)
- Model designed and maintained to support supply chains of various complexities across multiple industries. Covers:
- IMPLICATIONS and BEST PRACTICE ANALYSIS
- Does not prescribe how an organization should conduct its business
SCOR Level 1 Matrix
- Delivery Performance
- Perfect Order Fulfillment
- Production Flexibility
- Total Supply Chain Management Cost
- Cash To Cash Cycle Time
- Total Inventory Days Of Supply
- Return On Assets
He also discussed SCOR Model measures for various industries.