Supply Chain Management as a Major Source of Competitive Advantage
Supply Chain Management as a Major Source of Competitive Advantage - Essay Example
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Extract of sample Supply Chain Management as a Major Source of Competitive Advantage
This paper illustrates that a firm takes inputs from the external environment, processes them and sells it to consumers. The process of transferring the inputs into the firm and getting the outputs to consumers outside the firm is at the center of supply chain management. Supply chain encompasses all organizations and activities associated with the flow and transmission of goods from raw materials through to the end users as well as associated information and monetary flow. Another definition states that the supply chain is “a set of three or more companies directly linked by one or more of the upstream or downstream flows of products, services, finances and information from a source to a customer”. This implies that supply chain management has to do with how the connections and linkages between a firm, its suppliers and consumers is conducted, arranged and utilised. Ross views supply chain management as a set of tasks that are carried out by an organization in order to attain results. He states that the supply chain is a set of collective tasks centered around the optimization of transportation/logistic, processing and distribution channels that a firm employs and utilizes. It involves functions like warehousing, transportation and other objectives associated with the markets. It utilizes time and involves the transfer of possessions. The concept of supply chain management is presented by Horch as the process of procurement, materials logistics, and distribution. This involves the institutionalization of aspects of logistics and the distribution of these logistics through processes related to upstream and downstream flows of the supply chain.
The paper will examine two key areas of supply chain management and how they affect organizations in the contemporary era. To this end, the issues of the balancing of diversity with the quest for lower costs and the issue of corporate social responsibility are analyzed…
onclusion 20 Marketing Plan Target Market: The primary potential target market for the Kidz-IDz are parents who are concerned about the safety of their children. Along with this, the company will also target different schools as this product can also be used for the safety of the students.
The value chain analysis represents the business processes coming along with products, designing, manufacturing, delivering and marketing them. This piece of paper examines how far Porter’s Value Chain can help us identify the sources of the competitive advantages in Tesco. Tesco Tesco stands as Britain’s leader in food market and the third largest in the world (Innovation Leaders, 2012).
The report reviewing the academic literature and practical examples related to outsourcing of supply chain reveals that the strategy of outsourcing has become strategically important for the organizations in order to fuel the process of growth and development.
Organization such as Coca-Cola have developed numerous strategies of dealing with the issue of control and maintenance of the supply chains in accordance to the corresponding business comparatives considering the presence of the already existing rival companies and the environment in , which the numerous stores outlets are located.
Alongside the transformational changes of the modern business world, supply chains have also been recognised to attain rapid growth throughout the international subsidiaries (Rugraff & Hansen, 2011). Moreover, the competitive pace among the MNCs has been viewed to be influenced by advanced methodological aspects associated with business strategies and continuous development of their supply chain activities.
So to get a better understanding of the whole issue, we have decided to understand it by splitting it into five key areas. The first area deals with issue of Guajilote as prospective business center in the country. It asks our impression about the whole thing as business center.
Some of the characteristics of primary target market of Kidz-IDz are that they are caring and concerned with respect to the safety of their children and are ready to spend money in order to ensure that the
uch as Coca-Cola have developed numerous strategies of dealing with the issue of control and maintenance of the supply chains in accordance to the corresponding business comparatives considering the presence of the already existing rival companies and the environment in , which