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APA
Subject:
Management
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Essay
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English (U.S.)
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Topic:

Supply Management System Performance Metrics

Essay Instructions:

Using the balanced scorecard approach as detailed in Chapter 14 (Figure 14.1), identify four key metrics that you would propose for your organization’s supply management system and how you propose to measure those four key metrics in your supply chain.
this is not a math problem to solve
please see attachment

Essay Sample Content Preview:

Supply Management System Performance Metrics
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Supply Management System Performance Metrics
A Balanced Scorecard is an approach that integrates quantifiable data, including budgetary requirements and sales shares, with performance metrics particular to the specific position. It enables firms to shift away from relying on their financial metrics, which emerge as managerial decision-making enhancement. The Balanced Scorecard uses key performance indicators (KPIs) to assess and track employee’s capacity to short-term and long-term goals (Graybeal, Franklin, & Cooper, 2019). These consider the worker’s career development and best practices adherence as set by the firm. In this vein, the four metrics I propose for the Ultra Ski company supply management system include cost, employee turnover, average inventory turnover, and profitability.
Costs constitute a component of the balanced scorecard financial perspective. Regarding costs, the organization’s objective would be to lower production costs. I plan to measure costs through the production costs metric. The target would be to reduce production cost...
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