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Question 352 - CSCP discussion

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An advantage of the Supply Chain Operational Reference Model (SCOR) is that it:

A.
has a hierarchical measurement system for supply chain attributes
Answers
A.
has a hierarchical measurement system for supply chain attributes
B.
takes into account the performance of all the nodes in the supply chain
Answers
B.
takes into account the performance of all the nodes in the supply chain
C.
allows the focus firm to better select, track and manage its suppliers and customers
Answers
C.
allows the focus firm to better select, track and manage its suppliers and customers
D.
provides a uniform set of target values that a firm should achieve to be 'best in class'
Answers
D.
provides a uniform set of target values that a firm should achieve to be 'best in class'
Suggested answer: A

Explanation:

The Supply Chain Operational Reference (SCOR) model's advantage lies in its hierarchical measurement system for supply chain attributes. Key points include:

Hierarchical Structure: SCOR provides a structured framework that breaks down supply chain processes into multiple levels, allowing for detailed performance measurement.

Standardized Metrics: It includes standardized metrics for reliability, responsiveness, agility, costs, and asset management, facilitating benchmarking and performance comparisons.

Comprehensive Analysis: The hierarchical measurement system enables detailed analysis of supply chain performance at different levels, from high-level strategic metrics to detailed operational measures.

Best Practices: SCOR incorporates best practices and standardized processes, helping firms identify areas for improvement and implement industry-standard methodologies.

Supply Chain Council (2012). Supply Chain Operations Reference Model (SCOR) Version 11.0.

Huan, S. H., Sheoran, S. K., & Wang, G. (2004). A review and analysis of supply chain operations reference (SCOR) model. Supply Chain Management: An International Journal.

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asked 16/09/2024
Emergya Ingenieria SLU Emergya Ingenieria SLU
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