At the heart of an effective supply chain strategy lies the meticulous planning, design, implementation, review, and control of supply chain activities. This strategy not only defines roles and necessary collaborations but also sets standards for performance evaluation. An effective strategy interconnects various functions of the supply chain, aligns them with business objectives, and drives the supply chain forward.
The ASCM Supply Chain Operations Reference (SCOR) Modell serves as a cross-industry foundation for developing supply chain strategies. Companies often develop customized strategies for their core functions, as illustrated by several case studies.
Here are some examples of how companies use the SCOR model: Boeing implemented the model and identified significant deficiencies in its fighter aircraft program within 90 days, leading to a 44% reduction in critical bottlenecks. Univar Solutionsused it during a corporate restructuring to increase efficiency, resulting in a leaner operation and saving over $100 million despite the COVID-19 pandemic. Eaton applied SCOR-based strategies to navigate disruptions during the pandemic by focusing on multi-sourcing and supplier collaboration. Intel, on the other hand, integrated digital tools into its strategy and developed a protocol for ethically sourced metals.
Key to an effective supply chain strategy is a collaborative, agile, resilient, and digital approach. Collaboration among stakeholders synchronizes planning and minimizes disruptions and risks. Agility allows for scaling up or down according to market demand, optimizing productivity. Resilience prepares organizations for unexpected market disruptions, and digitalization with technologies like ERP systems, IoT, KI, Big Data And Advanced Analytics offers advantages in supply chain operations.
At the ASCM CONNECT Europe Conference in 2024 in Brussels, these topics will be revisited, offering insights into the learning processes of organizations and supply chain professionals. A well-planned and executed strategy using the SCOR model maximizes efficiencies, minimizes costs, and meets customer requirements.
Interested in the SCOR model? Join our next ASCM SCOR Model Workshop (SCOR DS). The next course is scheduled for March 11-13, 2024, in Hamburg.
