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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
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