Supply chain strategy is an interactive process that evaluates the cost benefit trade-offs of operational components of the organization. Different strategies of supply-chain management assignment help are discussed below:
Lean supply chain strategy & Agile supply chain strategy
Simply, lean supply-chain strategy means produce more or do more with fewer resources, while giving the end customer exactly what he or she wants. It means focus on each product and its value stream. On the other hand, agile supply chain strategy means to explore profitable opportunities in a volatile marketplace with the use of market knowledge.
As per assignment help experts, Wal-Mart is a prime example: Their explicitly stated business strategy of low prices has driven them to consistently reduce their cost of operations through supply chain innovations. Wal-Mart’s supply chain is definitely among the most cost-efficient in the industry. However, it is also quite agile. In addition, Wal-Mart provides products & service according to the desire of customer.
Efficient supply chain strategy & Responsive supply chain strategy
Efficient supply chain strategy is designed to supply predictable demand efficiently at the lowest possible cost. On the other hand our online assignment help experts says that, responsive supply chain strategy isdesigned to respond quickly to unpredictable demand in order to reduce obsolete inventory and stock outs. For example, with the help of efficient & responsive supply chain management, BOB industries Limited are producing more products at the lowest possible cost & respond quickly to unpredictable demand of the market.
Process strategy means pay more attention on the supply management to achieve efficiency with the help of managing a broad group of logistic activity. For instance, Mark & Spencer are totally focused on logistic activity to achieve the competitive advantages.
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