Assignment: Supply Chain Performance Measures
Introduction
A general description of supply chain performance measures and their importance in organizations.
Definition
The commonly used definition of supply chain performance measures are given in this section.
Reasons for supply chain performance measures
Motivate Organizational actions
Basis for decision making
Closed loop management
Growth of supply chain performance measures
This section outlines the keymilestones in the evolution of supply chain performance measures. Some of the key stages in the development include traditional cost accounting systems, enhanced systems for cost accounting, mixed systems, and finally, the balanced integrated systems.
Supply Chain Performance Measures categories
The two main categories of supply chain performance measures are discussed in this section. These include qualitative and quantitative measures.
Quantitative measures
This subcategory is divided into financial and nonfinancial measures.
Financial Measures
These are measures taken to estimate different operational and fixed costs that are related to supply chain management.
Non-financial measures
In this subsection, four different types of non-financial measures are discussed. These are: cycle time, inventory levels, customer service level, and resource utilization. Cycle time includes two key time components namely: order-to-delivery lead time as well as supply chain lead time. There are four measures used to gauge customer service level. These are stock-out rate, order-fill rate, the likelihood of on-time delivery, and backorder level. Inventory levels discussed include raw materials, work in process, finished goods, and spare parts inventory.
Qualitative measures
These include measures meant to improve customer satisfaction.
Other Supply chain performance measures categories
Activity-based costing
Economic value added
Supply chain balanced scorecard
Supply-chain operations reference model
Dimension-based measurement systems
Generic performance measurement systems
Performance prism
Performance pyramid
Medori and Steeple's Framework
Conclusion
This gives a recap of the main points discussed in the various sections of the paper.
Individual Essay- Please submit a typed 8-10-page paper (not including front and back matter) on any of the topics identified-I will not read more than this. Your objective will be to pick a topic that interests you from the list below; research information on the topic, and then write the results of your findings in an essay format. All essays will be posted in the assignments thread prior to October 9, 2017. Each Student will submit an Outline of the proposed Essay.
Example of a suitable outline:
Supply Chain Management (Level 1)
History (Level 2)
Background. (Level 3)
Transportation (Level 2)
Modes. (Level 3)
Advantages. (Level 3)
Disadvantages. (Level 3)
The following are the goals of this assignment. Learners are expected to:
Demonstrate knowledge of a topic associated to asset management.
Develop critical thinking skills as applied to inventory management in organizations.
To develop writing skills by articulating research material into essay format.
Use real world examples.
Topics: Please write a typed 8-10-page essay on one of the following topics:
Supply Chain Technology
Demand Management
Inventory Management
Managing Inventory in the Military
Strategic Challenges and Changes for Supply Chains in Government Agencies
Supply Chain Performance Measures
Collaborative Relationships in Supply Chains
Supply Chain Customer Focus.
Format/Writing Style/References.
Use a title page in accordance APA format.
Learner's name and title of the essay should appear at the beginning of the essay.
Double space using 12 point Times New Roman font with 1 inch margins (sides, top and bottom), and 2 spaces after the period.
Must have a stand-alone reference page.
All papers will be relatively free of grammatical, spelling, and typing errors.
All essays will use APA format with correctly structured citations and a reference section (which is not a part of the 8-10 pages).
All essays will cite AT LEAST one reference from the textbook, one reference from an academic peer reviewed journal, and one reference from a current event.
Written communication
Following instructions.
Inadequate: Essay was not submitted on time and an Outline was not submitted
Needs improvement: Did not follow instructions listed on the assignment.
Adequate: Submitted the Outline of the proposed Essay with at least two levels down of subjects.
Professional quality: Submitted the Outline of the proposed Essay with at least three levels down of subjects.
Grammar and style.
Inadequate: Sentences and paragraphs are difficult to read and understand due to poor grammar or mechanics and not formatted in accordance with APA.
Needs improvement: The essay contains numerous grammatical, mechanical and APA errors.
Adequate: The essay contains minimal grammatical or mechanical errors and is generally free of APA errors.
Professional quality: The essay is clear and concise and contains no grammatical, mechanical errors or APA formatted errors.
Thesis and structure.
Inadequate: There appears to be no organization of the essay's contents.
Needs Improvement: Organization of the essay is difficult to follow, due to inadequate transitions and/or rambling format.
Adequate: The essay can be easily followed. A combination of the following is apparent: Basic transitions are used; a structured format is used
Professional quality: The essay can be easily followed. A combination of the following is apparent: Effective transitions are used; a professional format is used.
Use of sources.
Inadequate: Did not cite; did not use required references or sources.
Needs improvement: Many mistakes in citations and/or references. Used only one of the required sources.
Adequate: Minimum mistakes in citations and/or references. Used only two required sources.
Professional quality: Expert knowledge of citations and references. Used all three required sources.
Understanding, arguments and evidence.
Inadequate: A complete misunderstanding of facts without topic sentences. Did not incorporate ideas, terms, and/or concepts from the textbook. Failed to provide evidence to support the argument with concrete, specific facts from scholarly and academic sources.
Needs improvement: A minimal understanding; large sections of misstatements. Minimum incorporation of ideas, terms, and/or concepts from the textbook. Did not fully provide concrete, specific facts from scholar and academic sources.
Adequate: Summary suggests an adequate understanding. Adequate incorporation of ideas, terms, and/or concepts from the textbook. Provided adequate supporting evidence to support the proposed argument.
Professional quality: Summary suggests an excellent understanding of the topic sentence in each paragraph that builds a logical sequential order. Excellent incorporation of ideas, terms, and/or concepts from the textbook. Provided evidence that supported the argument with concrete, specific facts from scholarly and academic sources.