Supply Chain Performance Measurement Using Supply Chain Operation
The primary objective of performance measurement is to give necessary information which ensures that the firm works towards the fulfilment of customers requirements and demands and ultimately meets the set up goals. Hence, it is really important to measure how efficiently the customer demands are fulfilled and how the resources are utilized in order to provide customer satisfaction. The Supply Chain Management holistically evaluates the efficacy and efficiency of the organization. Whether the structure, process and resources are aligned strategically or not. It should not be representing just one form but should perform for the entire supply chain. It gives some context for comprehending the entire system, shapes behavior, and offers data on the performance of stakeholders and supply chain actors. The creation and application of performance measurements is a crucial management task. The goals of openness and a shared understanding of the whole supply chain operations are also supported by the use of performance measuring tools.
On a strategic level, supply chain management is concerned with the entirety of the supply chain and the management of its goals. Supply chain performance assessment addresses the tactical level by assessing the efficacy and efficiency of resources and procedures in light of the supply chain's strategic goals. Last but not least, the supply chain monitoring idea is built on the sharing of information and data on a more practical level. In conclusion, supply chain controlling—which includes or makes use of the other two approaches—is the primary term for describing how well a supply chain operations are doing. As a result, monitoring the performance of a supply chain is crucial for regulating and managing it.
The fastest growing technology based logistics and supply chain management firm in India is AWL, which offers reverse logistics in India along with other intelligent logistics solutions supported by cutting-edge technology. Companies may tailor solutions like route planning, real-time tracking, Smart Warehouses, etc.
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