what are the various supply chain strategies?
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Supply chain management operates at three levels: strategic, tactical, and operational. At the strategic level, company management makes high-level strategic supply chain decisions that are relevant to whole organizations.
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['Identifying requirements for goods, materials and services.', 'Identifying reliable suppliers.', 'Price negotiations.', 'Comparison of delivery terms.', 'Establishing order quantities.', 'Writing requests for bids and awarding supply contracts.', 'Coordinating delivery with the warehouse against storage capacities.']
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Therefore, it is clear that supply chains depend on the nature of the company. The following four models are very common: integrated make-to-stock, build-to-order, continuous replenishment, and channel assembly.
41120
Supply chain management is an overarching concept that links together multiple processes to achieve competitive advantage, while logistics refers to the movement, storage, and flow of goods, services and information within the overall supply chain.
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['#1 – Franchising your brand. Kicking off the list at #1 is franchising. ... ', '#2 – Direct Exporting. Direct exporting is the most common of the eight strategies on this list. ... ', '#3 – Partnering up. ... ', '#4 – Joint Ventures. ... ', '#5 – Just buying a company. ... ', '#6 – Turnkey solutions or products. ... ', '#7 – Piggyback. ... ', '#8 – Licensing.']
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Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.
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['Reduced costs. ... ', 'Increased efficiency. ... ', 'Minimises price volatility. ... ', 'Consolidation of the supply chain. ... ', 'Outsourcing certain activities. ... ', 'Continual improvement of operations.']
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['Increase inventory velocity.', 'Implement lean logistics / supply chain management.', 'Improve supplier performance.', 'Compress cycle time.', 'Maximize inventory yield.', 'Utilize meaningful metrics.', 'Segment the supply chain.', 'Employ supply chain technology.']
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Simply put, a supply chain is a system of organisations, people, activities, information, and resources which are involved in moving a product or service from suppliers to the customer.
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The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.
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['Increased Costs Throughout the Supply Chain.', 'Supply Chain Complexity Due to Multiple Channels to Market.', 'Consumer Demands Drive Need for Improved Speed, Quality and Service.', 'Risk in the Supply Chain Creates Pressure.', 'The Impact of Supply Chain Volatility.', 'Other Demands on the Supply Chain.']
901037
['Cost Differentiation Strategy. This strategy is all about pricing your product right. ... ', 'Product Differentiation Strategy. In this strategy, you have the leverage to keep the prices that you deem necessary. ... ', 'Growth Strategy.']
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In short, a supply chain life can be separated into three stages: 1) formation, 2) operation and 3) extinction. Each step is critical to the next step, even extinction is critical to the next formation and the overall success for the supply chain and the overall continuity of the business.
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['Principle 1: customer focus. ... ', 'Principle 2: leadership. ... ', 'Principle 3: people involvement. ... ', 'Principle 4: process approach. ... ', 'Principle 5: systematic approach to management. ... ', 'Principle 6: continual improvement. ... ', 'Principle 7: factual approach to decision making. ... ', 'Principle 8: mutually beneficial supplier relations.']
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There are four major elements of supply chain management: integration, operations, purchasing and distribution.
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['Mass Coverage. The mass coverage strategy (also known as intensive distribution) attempts to distribute products widely in nearly all locations in which that type of product is sold. ... ', 'Selective Coverage. ... ', 'Exclusive Coverage.']
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Business strategy is matching customer needs with real systems defined by boundaries. Operations are those activities which transform resources into goods and services, whereas supply chain refers to activities which move information and materials from manufacturing to firms and customers.