Riordan Manufacturing
Not what you're looking for?
Prepare a 1,750-2,450-word paper in which you select appropriate metrics to measure the performance effectiveness of your supply chain (Team Project).
BE SURE TO ADDRESS ONLY QUESTION (C) :
a. Explain the importance of the chosen metrics.
b. How do these measurements help to ensure competitive advantage?
c. What actions should be taken based on an undesirable metric?
d. Forecast the trends that could impact Riordan Manufacturing's supply chain design both domestically and internationally.
e. Be sure to consider both strategic and tactical trends.
f. Discuss what impact these trends might have on the company's future supply chain changes.
Purchase this Solution
Solution Summary
The response addresses the queries posted in 443 words with references.
Solution Preview
The response addresses the queries posted in 456 words with references.
//Metrics is the concept that is employed for evaluating the efficiency of the organizational activities. Before starting a paper like this, it is imperative to interpret the meaning of the term metrics. In addition, the various types of metrics are also discussed that are adopted by the organization so as to estimate the efficiency of the organization in its functioning. //
Introduction
Metrics is used to measure the effectiveness of the organizational activities. Metrics focuses on the measurement of the performance against customer requirements and the value. The SMART (specific, measurable, achievable, reliable and time bound) test is used to measure the quality of a particular performance metric. For measuring the performance of supply chain of Riordan Manufacturing, the various supply chain metrics can be used, such as Inventory Turnover, Cycle time, Perfect Order Measure and Balanced Scorecard.
Types of Metrics:
Ø Inventory Turnover: It measures the occurrence of the company's ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.