Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Strategic supply chain management is solely about innovation for the sake of being innovative. It's creating a unique supply chain configuration that drives forward your

Strategic supply chain management is solely about innovation for the sake of being innovative. It's creating a unique supply chain configuration that drives forward your strategic objectives. True Correct! False Correct! SCM is more than that. It's creating a unique supply chain configuration that drives forward your strategic objectives. Question 2 12 / 30 pts According to the assigned reading there are 5 configuration components. Please name them, and explain in your own words a summary of what does each keys contribute to an effective Supply Chain. (5 points for naming all correctly, 5 points for each explanation (not copy/paste but explained in your own words, understanding). Your Answer: 1. Network structure: makes sure that there are few costs and delays when commodities travel through the supply chain network. 2. Distribution strategy: makes sure that products get to customers in the most effective and economical way. 3. Information systems: increase decision-making and responsiveness by facilitating visibility and coordination. 4. Product Flow: makes sure that products move without hiccups and at the lowest possible cost of inventory. 5. sourcing procurement: By choosing the right suppliers and managing their relationships, sourcing and procurement help to reduce costs and increase the dependability of

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tourism Concepts And Practices

Authors: John R Walker, Josielyn T Walker

1st Edition

0138142459, 9780138142452

More Books

Students also viewed these General Management questions