A supply chain can be viewed as a system of processes that cut across organizations and deliver customer value. Rather than as a series of separate organizations and functions. In…
Companies often do not give much thought to the design of their supply chains. They often focus on cost reduction through low-cost purchasing, manufacturing, or logistics. This can translate into…
Given the highly competitive environment of today’s marketplace, seeking a sustainable competitive advantage has become a top business concern. Unlike in the past, where creative marketing initiatives were sufficient to…
A company should have a long-range business strategy if it is going to maintain a competitive position in the marketplace. A business strategy is a plan for the company that…
Today’s organizations face a number of trends that impact the way supply chains are designed and managed. These trends are a result of a fast-changing global and technologically connected economy…
There are three key characteristics of a competitive supply chain: responsiveness, reliability, and relationship management. We discuss these here. Responsiveness The ability to respond to customers’ requirements in ever-shorter time…
Supply chain management (SCM) is the design and management of flows of products, information, and funds throughout the supply chain. It involves the coordination and management of all the activities…