52 Discuss the SCOR and GSCF models of supply chain manageme

5.2 Discuss the SCOR and GSCF models of supply chain management.

Solution

SCOR regers to Supply Chain Operations Reference model, and links business processes, people skills and performance metrics and practices into a unified structure.

SCOR helps to improve system implementation speed, Organization learning goals and improves inventory turnovers.

This model was designed to enable companies to communicate, compare and learn from competition companies and both within and outside of their industry. It not only measures supply chain performance but also measures the effectiveness of reengineering the supply chain. It also has the ability to test and plan future process improvements.

GSCF represents Global supply chain Finance and efers to the set of solutions that are available to finance specific goods and products as they move from different channels along the supply chain. It is related to a quickly growing use of a battery of technologies and financial business practices that allow for discounting of Accounts Receivable and financing of companies\' confirmed Accounts Payable.