How does your company SCOR? March 10, 2008
Posted by Meg Sewell in Analytics and Business Intelligence.Tags: SCOR, scorecards, supply chains
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I recently joined a networking community for bloggers on a website called MyBlogLog, and stumbled upon this great blog called The Bee Hive. One of Ibrahim’s past posts, SCOR Metrics—Is It Enough?, goes through the history of SCOR and explains how it fits in with today’s scorecards.
As Ibrahim explains, The Supply-Chain Council was organized in 1996 with the need for standardized metrics of supply chains. A group of supply-chain specialists, manufacturers, retailers, distributors, and software vendors assembled to form metrics that could be used across the board and easily incorporated into software applications used in the industry. This wasn’t a simple task. It took years of meetings and discussions to finally settle on what came to be known as SCOR Model. SCOR came out in the late 1990s and early 2000s and continues to be utilized in the industry. But, as Ibrahim poses the question, is SCOR equal to a scorecard?
As Craig Dunham pointed out in a recent posting on EDI Talk, there’s no better or more productive work than team work. SCOR is a series of metrics that lays the foundation of where your company is and where your company needs to be. Scorecards, in terms of ‘balanced scorecards,’ provide that second layer of depth in terms of strategy, management, and cohesiveness.
While this outline of metrics is important and relevant to today’s industry, a ‘management framework,’ as Ibrahim puts it, is an essential addition to the SCOR equation. Using SCOR and balanced scorecards together can absolutely take your company and supply chain to that next level.
How does your company measure performance? How would you like to see your company use SCOR and scorecards?
