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Analyze and make recommendations for how companies can implement performance measures to limit or eliminate errors passing through the supply chain.
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Analyze and make recommendations for how companies can implement performance measures to limit or eliminate errors passing through the supply chain.
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I am providing content for your PPT on implementation of performance measures for limiting or eliminating error and improving performance/efficiency of the supply chain. The information provided below should be enough for you to develop a comprehensive PPT on this topic.
Reasons for failure of Conventional performance measures in Supply chain:
In the traditional monthly operations review, senior management spends an inordinate amount of time discussing the financial results for the previous month or quarter. In addition, there is usually a lengthy review of the budget versus actual expenditures. What's more, managers at different levels are expected to answer questions about variances and shortfalls, even though many such explanations end up being pure guesswork.
Traditionally, monthly operations reviews rarely result in systematically changing the company's future performance because the operations review process does not connect and coordinate strategy with operations and achieve lasting cost improvement results.
These meetings actually encourage managers to modify their activities so that management will not grill them next month. Paradoxically, the modifications they institute in their units are often counterproductive to the company's real strategy. Why? Because the managers are seeking to satisfy standards that fail to incorporate all of the real drivers of business success. Business process improvement is sacrificed because the performance measurement system does not work effectively.
Typical Symptoms that wrong metrics are being used:
Engineering ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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