Methods Used To Evaluate Supply Chain Performance Essay

Methods Used To Evaluate Supply Chain Performance - Essay Example 166). The measurement of performance of the supply chain is quite vital especially in setting objectives and evaluating the performance of such supply chains as well as determining the necessary future course of action. Companies should consider themselves in the chain supply not as the producer or just as the suppliers of the products thereby reducing the products and or service cycle time. Additionally, a significant supply chain allows competitors to cooperate in order to achieve smooth movement in the supply chain. Companies are engaged in planning and coordinating the process of product flow from the foundation to the end user as a combined system rather than independent processes (Keebler 33). This has made the evaluation of the chain of supply mandatory to ensure that the more profitable supply chain is applied in the course of the business. Therefore, businesses must use the different methods of evaluating the performance of the supply chain to ensure that they remain abreast in the competition by employing the most effective supply chain in the business. Businesses are often involved in different supply chains including those that supply raw materials and the finished products. Therefore, without a proper functional supply chain, business that involves at the same may waste time and resources in such supply chains resulting to low productivity and profitability of such businesses. Hence, it is vital that product manufacturers