Understanding the SCOR Model in Supply Chain Management
In today’s fast-paced global economy, businesses need efficient, well-structured supply chains to stay competitive. One powerful tool that helps companies optimize their supply chain processes is the SCOR Model in Supply Chain. Developed by the Supply Chain Council, the SCOR model provides a standardized framework for improving supply chain performance and driving operational success. What is the SCOR Model? The Supply Chain Operations Reference Model (SCOR) is a comprehensive framework that helps organizations map, measure, and optimize their supply chain activities. It integrates business processes, metrics, best practices, and technology to streamline operations and enhance performance across the entire supply chain. The model is built around six core processes: Plan: Strategize and balance supply and demand. Source: Procure raw materials and services. Make: Manufacture or assemble products. Deliver: Manage order fulfillment and logistics. Return: Handle pr...