An iterative process that evaluates the cost-benefit trade-offs of operational components.
It defines how the supply chain should operate in order to compete.
It includes the analytic and decision-making process surrounding what to offer (products and services), when to offer (timing, business cycle, etc.), and where to offer (markets and segments) as a competitive plan.
It focuses on driving down operational costs and maximizing efficiencies.
A well executed supply chain strategy results in value creation for the organization.
While the business strategy* constitutes the overall direction that an organization wishes to go, the supply chain strategy constitutes the actual operations of that organization and the extended supply chain to meet a specific supply chain objective.
*Business Strategy - involves leveraging the core compentencies of the organization to achieve a defined high-level goal or objective.
It is crucial to have a supply chain strategy in place.
Let us help you create an effective supply chain strategy for your organization.
