Companies must have an effective measurement systems to evaluate supply chain performance in regards to monitoring, controlling, and directing operations. Supply Chain Operations Reference (SCOR), which was developed by Supply Chain Council, is one of most comprehensive model used by companies worldwide. There are several SCOR metrics which helps an organization measures its effectiveness. The five supply chain business processes are plan, source, produce, store, transport, sell, and return.
Choose one of the five business processes, and give an example of a transaction, financial and supply chain reporting elements for your selected business process. In addition, explain how you would improve your selected supply chain reporting element or metric.
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