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Q: What is importance of supply chain decisions?
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What is meant by Strategic Supply Chain Management?

Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.


What is the role of information in supply chain management?

Supply chain management is a complex process that requires information sharing between multiple parties. The role of information in supply chain management is to provide the necessary data to make decisions and ensure the flow of goods.


What is the supply chain profit formula?

Supply chains are vital to the success of any business. The supply chain profit formula is a method that helps businesses to take advantage of their supply chain. This formula can be used in many different scenarios, such as a company’s financial planning and budgeting, to help the company make better decisions.


Why should a like Dell take into account total supply chain profitability when making decisions?

Why should firm like dell take into account total supply chain profitablity when making dicision


What is an Advanced Planning System?

An Advanced Planning System is a software system that is designed to support decisions in the domain of Supply Chain Management.


Importance of capacity decisions?

importance of capacity decisions and hive examples on each


Discuss the goal of a supply chain and explain the impact of supply chain decisions on the success of a firm?

A company may focus on the supply chain in order to achieve a low volume of materials on hand. This reduces the company's overall payments accountable and can aid in company success through more profitable margins. It can also risk production if supply stocks are reduced too much.


What is Green supply chain?

Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.


Is logistic a part of supply chain management or supply chain is the part of logistic?

logistics is a part of supply Chain Management


Necessity and objectives of SCM?

Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability


How does one optimize supply chain visibility?

One can optimize supply chain visibility by using a Sterling Supply Chain Visibility from IBM. This type of supply chain will help to optimize it quite nicely.


What is the importance of supply chain management?

Supply chain management (SCM) is very important to bring efficiency in your business. SCM is the backbone of e commerce. Supply chain is contributing a lot in global economy. It is responsible to carry out 90% trade of the world. Therefore, an effective supply chain can helps: To reduce operating costs To improve financial position To grow the economy of the country To boost customer service To ensure human survival To create job opportunity and so on.