As an Amazon Associate I earn from qualifying purchases.

Balanced Scorecard (BSC) Definition and Explanation PDF | Download eBooks

Learn Balanced Scorecard (BSC) definition in supply chain management with explanation to study “What is Balanced Scorecard (BSC)”. Study balanced scorecard (bsc) explanation with SCM terms to review supply chain management course for online MBA programs.

Balanced Scorecard (BSC) Definition:

  • In addition to financial performance, the balanced scorecard also includes assessment of customer satisfaction, internal processes and innovation and learning.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Balanced Scorecard (BSC) Explanation:

The decent scorecard is a key arranging and the executives framework that associations use to: Communicate what they are attempting to achieve. Adjust the everyday work that everybody is doing with technique. Organize ventures, items, and administration. Measure and screen advance towards key targets. The framework draws an obvious conclusion regarding huge picture procedure components, for example, mission (our motivation), vision (what we try for), guiding principle (what we have confidence in), key center regions (topics, results as well as objectives) and the more operational components, for example, goals (nonstop improvement exercises), measures (or key execution markers, or KPIs, which track vital execution), focuses on (our ideal degree of execution), and activities (extends that help you arrive at your objectives).

Keep Learning Supply Chain Management Explanations

What is Statistical process control (SPC)?

Organizations use this method to monitor and control the processes. It helps in measuring the efficiency and effectiveness with very ...

What is Expected monetary value (EMV)?

Aggregate of the weighted results (adjustments) related with a choice, the loads mirroring the probabilities of the elective occasions that ...

What is Knowledge Society?

It brings shares and makes available knowledge to all members which may be used to improve the condition of humans. ...

What are Control Charts?

The control diagram is a chart used to examine how a procedure changes after some time. Information are plotted in ...

What is Enterprise Resource Planning (ERP)?

Venture asset arranging alludes to a sort of programming that associations use to oversee everyday business exercises, for example, bookkeeping, ...

What is Utilization?

Usage is the activity of utilizing something, i.e., making useful and successful utilization of it. Put just; the term alludes ...