The SCOR model as an effective tool for measuring Supply Chain Performance

Bachelor Thesis from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 2,5, University of Applied Sciences Fulda, language: English, abstract: The main objective of this paper is to analyse the Supply Chain Operation Reference (SCOR) model as an effective instrument for measuring Supply Chain Performance. At the end a conclusion will be drawn based on the investigation carried out and a future perspective will be mentioned. The 21st Century has been characterized by drastic advances in product development and shorter product life cycles. The customer nowadays places a lot of emphasis on delivery times. Thus, rushing the right products to the end-user has been the main objective of most companies. More so, in order to maintain strategic advantages companies have to improve their prices in order to maintain their market shares. Supply Chain management is thus the strategic weapon needed by most global firms nowadays to stay on top of their game. Given that raw materials and the manufacturing processes take place at different locations and even continents. The coordination of information, materials and financial flow is therefore imperative in order for the smooth and swift flow of data and products to be ensured. Assessing and measuring the performance of processes along the entire supply chain is thus recommended. So that every Supply Chain partner in the SC-Network will benefit from the partnership. Therefore the question arises: Which instrument can be effectively used to measure the performance of a Supply Chain. Companies have to measure their Supply Chain Performance in order to have a clear sense of direction. By setting goals based on performance variables, measuring them and following them up. It is possible to create an improving business pattern that is in line with the company s strategic goals. Companies have to measure and assess the processes involved along their entire supply chain. By so doing they can improve their efficiency, share best practices and improve their overall supply chain performance. There are many instruments used for measuring supply chain performance. Nevertheless using the most effective of them will guarantee better results.