Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Supply Chain Management Metrics Exercise You work in the Supply Chain Department as the manager. Your boss comes in one day and states you have

Supply Chain Management Metrics Exercise You work in the Supply Chain Department as the manager. Your boss comes in one day and states you have a great metrics package consisting of: Purchase Order Back Log, Requisition-to-PO Cycle Time, Supplier On-Time-Delivery, Freight Cost, Inventory Turns and Purchase Order Payment Terms. You are performing very well in all categories and managing the supply base nicely; however, these are all lagging indicators of the health of our supply chain, both internally and externally. In other words, these are all measurements using historical information. Please propose four leading indicators (other than what is currently in your metrics package outlined above) that may indicate the health or resiliency of the supply chain (internally and externally). For example, supply chain lead time to support manufacturing needs is a leading indicator of how the supply base will be able to support future manufacturing needs Please provide a short explanation as to 1) why you are proposing these leading indicators, 2) how they will proactively indicate the health of the supply chain and 3) how you propose to gather the data. SAP is your Enterprise Resource Planning (ERP) data warehouse and houses?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

As the manager of the Supply Chain Department I propose the following four leading indicators to assess the health and resiliency of the supply chain in addition to the lagging indicators already in t... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethics in Accounting A Decision Making Approach

Authors: Gordon Klein

1st edition

1118928334, 978-1118928332

More Books

Students also viewed these General Management questions

Question

What is meant by budgetary control?

Answered: 1 week ago