Question

The SCOR model looks at a firm’s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including __________ which are processes that procure goods and services to meet planned or actual demand.

Answer 1

Answer:

Source processes

Explanation:

The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including Source processes which are processes that procure goods and services to meet planned or actual demand.

Supply chain operations reference (SCOR):  It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:

• Plan
• Sources.
• Make.
• Deliver.
• Return.

Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.