Becoming a management consultant

supply management

It was developed in 1997, in U.S. Supply – Chain Council,  a nonprofit organization, composed mainly of practitioners dedicated to making progress in terms of systems and practices in supply management-delivery.

It is a methodology developed in a cluster composed of several large groups of americans and which aims to present some standard descriptive elements and assessment elements within a supply chain management .

In a context of globalization of the economy and the diversification of distribution networks: numerous factories, warehouses, platforms scattered in several countries, SCOR model aims to facilitate communication between different participants in the same supply chain. This communication goes through the formalization of a language standard, uniform performance indicators, tools for comparing logistics organizations. This activity enables enterprises to more easily compare between them and in relation to the best.

In addition, the SCOR add important financial dimension: number of days of additional processing, financial cycle, asset rotation, etc.. To perform this activity, SCOR model describes now according to four levels:

  • Type of process
  • Supply chain configuration
  • Decomposition process
  • Decomposition process elements

Level 1: Type of process. This level defines the extent and content of the model around the process: purchasing, manufacturing, distribution, return. It allows for a competitive performance bases.

Level 2: The configuration of the supply chain. Enterprises configure their supply chain by several models, eg direct or indirect distribution, manufacturing order or after predictions, etc..

Level 3: The decomposition processes. Every great process, purchasing, manufacturing, distribution, recovery is decomposed in various processes of input and output information. Each of them is associated with performance indicators of best practices.

Level 4: The decomposition process elements. This level describes the actions to be implemented to achieve a competitive advantage and to adapt to competition.

This results in four factors that allow understanding the competitive determinants related to supply chain management.

1). Chain desired performance objective. It is about defining a target customer and supply value chain concerned. This offer must be differentiating relative to competitors, distribution networks served by specially designed to deliver the customer value. This customer orientation is shared by all the officials of the company.

2). Designing a supply schemes, physical distribution system information.

3). Synchronizing different links of the chain according to these two factors receive

4). Implementation means of supply chain performance evaluation.

SCOR model processes are: planning, sourcing, production, delivery and product returns.

How Should You Choose A Trading Program?

smc wealth 500 program

Conducting businesses in the trading market is not very difficult. At the same time, it is not as simple as you may imagine. That is why you will need some help, especially if it is for the first time when you are part of this business market.

You could think about working with another trader, but if you do not know anybody who is working in this domain, or if the specialist that you know is not a truly professional, this will not be a reliable option for you to take into consideration.

That is why you should opt for a trading program. In case you did not know, there are many trading pieces of software which can help you learn more about this kind of industry. What matters is to choose the perfect trading program taking into consideration that there are so many of them.

In order to do that you should pay attention to two aspects. First of all, you need a trading program which can be used both by professional and amateurish traders. Even if you are now a newcomer in the trading industry, after a while you will become a real professional. That is when you will still need the help of a trading program and the best thing to do will be to use the same program. That is why you should look for such a pieces of software that can be simple enough for you to understand it, but at the same time that can be also used in a more complex and detailed way.

Such a piece of software is the smc wealth 500 program. It was developed by a team of professional traders for any other trader who wants to get some help by his side. Find out more about it and see if it fits your needs.