Description
>Chapter 19 discusses Performance Measurement and Evaluation of Suppliers. Topics include:
Purchasing and supply measurement models.
Key performance metrics.
Characteristics of effective measurement systems.
- >Supply Chain Brain: “How a Maker of Agricultural Equipment Transformed Its Inbound Supply Chain,” Link: https://www.supplychainbrain.com/articles/30464-how-a-maker-of-agricultural-equipment-transformed-its-inbound-supply-chain (Links to an external site.)
- >Supply Chain Brain: “How AI Could Solve the Supply Chain Crisis,” Link: https://www.supplychainbrain.com/blogs/1-think-tank/post/34166-how-artificial-intelligence-could-solve-the-supply-chain-crisis (Links to an external site.)
- Please review the assigned materials before answering the questions below.
Questions =======================================================
Identify three strategic purchasing measure indicators (See Exhibit 19.1) for the Smart Logistics Initiative and explain why you believe they would be important for AGCO.
Develop a balanced scorecard for purchasing and supply at AGCO (See pages 774-775 of the textbook). Explain how a balanced scorecard will be necessary for the successful implementation of the Smart Logistics Initiative.
How would you establish a benchmarking system of Sustainability measures for new and existing suppliers of AGCO?
How can AI be used to manage supply chain disruptions in the future?
Please provide an insightful question about AI and the assessment of suppliers in the future.
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Explanation & Answer
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Performance Measurement and Evaluation
Name
Institutional Affiliation
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Performance Measurement and Evaluation
Question 1: Identify three strategic purchasing measure indicators (See Exhibit 19.1) for
the Smart Logistics Initiative and explain why you believe they would be important for
AGCO.
The strategic purchasing measure indicators available for utilization by the Smart
Logistics Initiative in this case will include delivery responsiveness, environmental sustainability
and internal customer satisfaction (Inam, 2021). In this case, I believe the three will be...