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BSC framework for the Supply Chain Strategy Recovery
Source publication
https://www.scmr.com/article/balanced_scorecards_can_play_a_role_in_supply_chain_recovery_strategies
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Desirable performance of sustainable pharmaceutical supply chain plays a key role in health attainment and performance evaluation is an essential element of effective pharmaceutical supply chain. Several models have been developed for performance evaluation of supply chains. The important point is that the model should be comprehensive and produces...
Citations
... Ivanov (2020) emphasizes the influence of pandemic outbreak SCs by producing protracted delays that leave businesses with many uncertainties. The consequences of the pandemic have had a considerable influence on supply networks (Frederico, 2021;Maharjan & Kato, 2023). The primary issues making dealing with pandemic disruption challenging have been poor information management and SCs with many intermediaries (Sharma et al., 2021). ...
... Maharjan and Kato (2023) added that despite having a specific amount of preparedness, organizations with different attributes, such as industry type and organization size, have varying levels of resilience preparedness, response, and future plans. Hence, to restore supply chains' performance in the wake of the COVID-19 pandemic, the new strategy, which calls for a thorough understanding of the environment and the establishment of clear strategic objectives across the various perspectives that must be considered in the scope of the supply chain, is crucial (Frederico, 2021). ...
... Moreover, the measuring system must be based on the organizational strategy, assist in putting the plan into action, and provide feedback on whether the organization is 'on track' or whether adjustments in course are required, organizations also require a balanced selection of measurements (Hulthén et al., 2016). The European Foundation for Quality Management (EFQM), Balanced Scorecard (BSC) (Bhagwat & Sharma, 2007;Brewer & Speh, 2000;Frederico, 2021;Reefke et al., 2013), Activity Based Costing (ABC), and Supply Chain Operation are just a few of the models that are available for measuring performance (Karamouz et al., 2021). ...
Supply chain management is recognized as a crucial element in boosting organizational performance and competitiveness. However, the COVID-19 crisis has demonstrated that many corporations were unprepared and lacked a recovery strategy, which led to significant supply chain disruptions. Hence, the purpose of this study is to evaluate the Supply Chain Performance Measurement System (SCPMS) lifetime under unforeseen situations, particularly in developing nations like Egypt, and its relevance during the pandemic and post-pandemic periods. A systematic questionnaire was used to gather data from 100 manufacturing firms (supply chain and retailers) with large business volume who provided a total of 562 questionnaires. The findings indicated that there were four main measurement systems: SCPMS Design, SCPMS Implementation, SCPMS Use, and SCPMS Review. The results of the AHP method found that the SCPMS implementation was the most important system, while the least important was SCPMS design.
