The SCOR Model, also referred to as the Supply Chain Operations [pic]Reference model, is a type of tutorial used to improve your knowledge and usage of the [pic]Supply Chain Management system. It is more of a management tool. The Supply Chain Management Council has designed the SCOR Model in collaboration with other distributors, manufacturers, suppliers and logistics service providers, and therefore the model is best suited for people in this category of business.
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The SCOR Model compares itself with the best practices in the industry and constantly improvises techniques for distributors, manufacturers and logistic [pic]service providers.
This allows the companies using the SCOR Model to compare and learn from their competetitor’s. The SCOR Model also has a number of additional abilities. The Supply Chain Reference Model can function as a performance model that has 4 levels, which are in turn shaped like a pyramid. These four levels can literally walk a company through each step of performance, and guides them through the model. This pyramid is the core of the Supple Chain [pic]Reference Model.
What Can the Supply Chain Reference Model do to help a Business grow?
It can characterize the [pic]best practices and apply it to your [pic]business by further improvising it. It is futuristic in its functionalities, as it is already improvising on what is best in [pic]the industry. It also quantifies the performance of your competitors and compares them to you. It can establish targets for you based on this comparison.
How does the Supply Chain Reference Model achieve this?
It uses predetermined and standardized metrics to measure the values which are accurate. It works on a framework of established parameters. It aligns itself with software and current technologies.
The main aim of the Supply Chain [pic]Reference Model revolves around the [pic]business and all the phases it needs to go through to attain customer satisfaction.