Adapting the SCOR model for supply chain network assessment and improvement in oil industry

Abstract

Supply chain management in oil and gas industry plays an important role for the success of these companies in most countries. A reliable supply chain helps on time delivery of goods and services and leads to better performance of the firms and yields higher profitability. This paper presents an empirical investigation to measure the relative efficiency of different oil distribution companies in Iran. The proposed study uses a five-stage Supply-Chain Operations Reference (SCOR) technique to measure the relative efficiencies of 40 distribution oil companies. The study designs a questionnaire based on four balanced scorecard perspectives and distributes it among various experts who were familiar with supply chain issues. The results indicate that the network performed relatively efficient since the study did not detect any unit with low performance and most of them maintained relatively high scores.

A Systematic Literature Review: the Role of Balanced Scorecard in Performance Measurement for Corporate Sustainability

“…The value statement, vision, mission, and strategic objectives become the foundation for determining the overall business strategy (Córdova-Aguirre & Ramón-Jerónimo, 2021). The strategic management process not only includes planning, organizing, executing, and controlling business activities, but also highlights the implementation and strategic control phases (Janaki, 2019). This entire process is fundamental in achieving the goals that have been proposed by the company.…”