Get a professional business plan template at no cost. You can subscribe to Kim's business growth tips by email, or connect on LinkedInTwitter and Facebook. It's definitely not the most exciting part of starting a business. In fact, if you're like a lot of entrepreneurs, you're probably going to find yourself pulling a few all-nighters to get one done before heading into your first pitch for funding.
It also helps to explain the processes along the entire supply chain and provides a basis for how to improve those processes. The SCOR model was developed by the supply chain council http: This framework focuses on five areas of the supply chain: These areas repeat again and again along the supply chain.
Elements include balancing resources with requirements and determining communication along the entire chain. The plan also includes determining business rules to improve and measure supply chain efficiency. These business rules span inventory, transportation, assets, and regulatory compliance, among others.
The plan also aligns the supply chain plan with the financial plan of the company 3. Source This step describes sourcing infrastructure and material acquisition. It describes how to manage inventory, the supplier network, supplier agreements, and supplier performance.
It discusses how to handle supplier payments and when to receive, verify, and transfer product 3. Make Manufacturing and production are the emphasis of this step. Is the manufacturing process make-to-order, make-to-stock, or engineer-to-order?
The make step includes, production activities, packaging, staging product, and releasing. It also includes managing the production network, equipment and facilities, and transportation 3.
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Deliver Delivery includes order management, warehousing, and transportation. It also includes receiving orders from customers and invoicing them once product has been received.
This step involves management of finished inventories, assets, transportation, product life cycles, and importing and exporting requirements 3. Return Companies must be prepared to handle the return of containers, packaging, or defective product.
The return involves the management of business rules, return inventory, assets, transportation, and regulatory requirements 3. It gives companies an idea of how advanced its supply chain is. The process helps companies understand how the 5 steps repeat over and over again between suppliers, the company, and customers.
Each step is a link in the supply chain that is critical in getting a product successfully along each level. The SCOR model has proven to benefit companies that use it to identify supply chain problems. The model enables full leverage of capital investment, creation of a supply chain road map, alignment of business functions, and an average of two to six times return on investment 4.
This is just a brief overview of the SCOR model. It contains many more details and levels that can be analyzed within a company. For more information, visit the Supply Chain Council website at www. A link to the SCOR model can be found on this page.
A research and analysis of supply chain operations reference SCOR model.
An International Journal, Vol. Supply Chain Operations Reference Model.Business Case Study PowerPoint Template is a professional presentation created to describe Business Case Studies.
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Understanding Fee-for-Service Models. Develop your business plan, which is the blueprint of your business venture and the most important document when engaging stakeholders. It encompasses a focused and systematic approach to the planning and implementation of the business. You might consider developing a logic model complete with.
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