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Define Scorecard Align Strategy 4110900 3 Supply, Chain, Management, Performance, Metrics, Standard, Reporting Selection of the key metrics for each performance attribute for each supply chain. A scorecard is used to define the metrics of most interest to an organization, to arrange them by area of impact, by strategic linkage, and to provide a container for later benchmarking comparisons
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| − | The activities associated with the selection of the key metrics for each performance attribute for each supply chain. A scorecard is used to define the metrics of most interest to an organization, to arrange them by area of impact, by | + | The activities associated with the selection of the key metrics for each performance attribute for each supply chain. A scorecard is used to define the metrics of most interest to an organization, to arrange them by area of impact, by business priority, and to provide a container for later benchmarking comparisons. Each scorecard is built from a subset of hundreds of {{OR}} metrics. |
| + | ===Use Cases=== | ||
| + | <p>[[File:OR-BSC.png|thumb|Balanced Scorecard example]][[t:BSC]]: A standard method to analyze the performance of supply chains is the use of [[t:BSC|Balanced Scorecards]]. A [[t:BSC]] consists of a limited number of agreed, well-defined metrics, categorized by business perspective. </p> | ||
| − | Without clearly defined supply chains, scorecards may contain aggregate data of conflicting supply chain types e.g. | + | An example of such metrics are the level-1 [[SCPM|metrics]] for each [[Attribute|Attribute]] defined in {{OR}}. Where necessary the level-2, 3, and 4 metrics are available to analyze and explain deviations between scorecard targets and actuals for each metric. |
| − | [[Link::t:MTO]] and [[Link::t:MTS]] together. | + | |
| + | A {{OR}} supply chain scorecard typically consists of 6-10 level-1 metrics. | ||
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| + | [[File:OR-BSM.png|thumb|Business Strategy Map template]][[t:BSM]]: {{OR}} recommends the use of a [[t:BSM]] to visualize and/or communicate the linkage between the business priorities and the metrics/attributes in a scorecard. | ||
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| + | A [[t:BSM]] is typically created (and appended to the scorecard) after the supply chain strategy has been defined or refreshed and after the initiatives to operationalize/implement such strategy ('strategic initiatives') have been defined, planned, and funded. | ||
| + | ===Notes=== | ||
| + | * [[sc:A101|Busines plan review (A101)]] is a key step prior to defining scorecards. Without a deep understanding of the business plan, metrics are typically not --clearly-- linked to business priorities. Consider developing the [[t:BSM]] to reveal any gaps in linkage between priorities and metrics. | ||
| + | * The [[sc:A102|Discovery (A102)]] and [[sc:A108|Documentation/Definition (A108)]] of supply chains are a key preceding steps. Without clearly defined supply chains, scorecards may contain aggregate data of conflicting supply chain types e.g. [[Link::t:MTO]] and [[Link::t:MTS]] together. | ||
| + | <ins>[[Link:t:GRC4]]</ins> | ||
| + | [[Category:Process]][[Category:Supply Chain]] | ||
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|name=Define Scorecard | |name=Define Scorecard | ||
Revision as of 19:05, 17 November 2021
The activities associated with the selection of the key metrics for each performance attribute for each supply chain. A scorecard is used to define the metrics of most interest to an organization, to arrange them by area of impact, by business priority, and to provide a container for later benchmarking comparisons. Each scorecard is built from a subset of hundreds of OpenReference metrics.
Contents
Use Cases
t:BSC: A standard method to analyze the performance of supply chains is the use of Balanced Scorecards. A t:BSC consists of a limited number of agreed, well-defined metrics, categorized by business perspective.
An example of such metrics are the level-1 Metrics for each Performance Attributes defined in OpenReference. Where necessary the level-2, 3, and 4 metrics are available to analyze and explain deviations between scorecard targets and actuals for each metric.
A OpenReference supply chain scorecard typically consists of 6-10 level-1 metrics.
A t:BSM is typically created (and appended to the scorecard) after the supply chain strategy has been defined or refreshed and after the initiatives to operationalize/implement such strategy ('strategic initiatives') have been defined, planned, and funded.
Notes
- Busines Plan Review (A101) is a key step prior to defining scorecards. Without a deep understanding of the business plan, metrics are typically not --clearly-- linked to business priorities. Consider developing the t:BSM to reveal any gaps in linkage between priorities and metrics.
- The Discovery (A102) and Documentation/Definition (A108) of supply chains are a key preceding steps. Without clearly defined supply chains, scorecards may contain aggregate data of conflicting supply chain types e.g. Make-to-Order and Make-to-Stock together.
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