TermiKnowledge - Supply Chain, Procurement and Inventory Terminologies
The Weighted Scorecard is a performance management tool that measures performance across the entire enterprise from top down to the bottom of the supply chain. It identifies and tracks problems in the processes of sales, manufacturing, and customer service. This data is used to customize programs for individual departments and processes as well as for the whole organization. It provides information needed to determine what actions should be taken to optimize performance and to identify areas of opportunity for growth.
By building a scorecard, all employees in a company are able to see how their performance affects the performance of the other employees, the production, and the end-user. This allows departments to communicate better with each other and with the rest of the organization. The scorecard is also useful when it comes to assigning responsibility for different tasks within the warehouse. When an employee performs a task that is assigned to them, they are provided with details about what they did, the materials they used, and the results of the operation.
A scorecard will help managers look for and eliminate problems in the warehouse. The process of manufacturing and warehousing is very complex and often results in unexpected difficulties. Working to resolve these issues can help to improve the way that the business runs and affects the bottom line. In addition to providing useful information on specific departments and their responsibilities, Weighted Scorecard Warehouse will also allow you to make changes to the warehouse that will have a direct impact on the way that business is conducted.
