Response to post- NA Performance management is a corporate management method tha


Response to post- NA
Performance management is a corporate management method that helps managers track and evaluate their employees’ performance. The goal of performance management is to create an environment where people can reach their maximum potential and produce high-quality work in the most efficient and efficient manner possible. Supply chains are now extremely complicated commercial networks that must be managed cooperatively and internationally optimized. In addition, the global business climate is constantly and rapidly evolving. Uncertainty, rising competition, shorter cycle times, more demanding customers, and cost-cutting pressure are just a few of the characteristics of today’s business climate1. The ability to assess, track, and oversee the performance of supply chain activities has become important. There are a number of performance measuring methodologies built expressly for supply chain management and they can be categorized into two methods one is qualitative and the second is quantitative. In qualitative measurement customer satisfaction and product quality are measured, whereas, in quantitative Order-to-delivery, lead time, supply chain reaction time, flexibility, resource utilization, and delivery performance are measured1.
Performance measurement, in my opinion, is integrally tied to a company’s competitiveness and profitability. To improve something, it must first be measured, which means that if you want to improve an employee, a team, or an organization’s performance, you must measure it first. Measuring the process will allow it to be quantified, resulting in a positive outcome. When performance measures are used incorrectly or in the wrong context, they can have negative implications. Performance measurement in a corporation refers to both the individual and the company. It provides a link between an employee’s attitude toward his or her work and the company’s goals and for an organization it is a link between its decisions and its goals. A company’s competitiveness can be aided by an integrated performance monitoring system. It has the capacity to connect the organization’s long-term objectives to day-to-day operations. The strategic objectives of a corporation can be linked with market demands via a performance measurement system. It aids in the most efficient use of an organization’s resources in order to meet stated objectives. A performance measuring system is used to evaluate a company’s financial performance. It assesses a company’s overall profitability and liquidity. A company’s ability to measure performance across a multitude of factors is critical to its survival. It directs management’s attention to the essential strategic decisions that must be made in order for a company’s profitability to be maximized. In order to attain critical organizational goals, managers’ behavior is also guided by performance measures.
There are three critical steps to developing an effective performance management system, which include Plan, Act, and Track, and if we have to consider the same for the supply chain management it would be make, plan, source, and deliver, which make the Supply-Chain Operations Reference (SCOR) Model2.
PLAN: Demand/Supply Planning and Management. PLAN can process that balance aggregate demand and supply to develop a course of action that best meet sourcing, production, and delivery need2.
SOURCE: Sourcing Stocked, Make-to-Order, and Engineer-to-Order Product. SOURCE can handle purchasing goods and services to meet planned or actual needs2.
MAKE: Make-to-Stock, Make-to-Order, and Engineer-to-Order Production. MAKE can handle converting a product to a finished state to meet planned or actual needs2.
DELIVER: Order, Warehouse, Transportation, and Installation Management. DELIVER can process that provide finished goods and services to meet planned or actual demand, typically including order management, transportation management, and distribution management2.
Conclusion
A successful business is one that can meet consumer demand for items in the right place, at the right time, and with the right quality. Supply chain management is the major determinant of the firm’s competitive advantage in this situation. Companies that perform better in their supply chains are now more likely to win the competition.
References:
N;, S. (n.d.). Proactive supply chain performance management with predictive analytics. TheScientificWorldJournal. Retrieved April 29, 2022, from https://pubmed.ncbi.nlm.nih.gov/25386605/
KARABIYIK, H. A. Z. A. L. (2009). Supply Chain Performance Measurement And Management (thesis).


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