The Strategic Management Of The Supply Chain - 2162 Words

The strategic management of the supply chain does not consist of introducing innovations in order just to innovate. It is about creating a configuration that will make the strategic objectives progress. According to Slack et al. (2004, p.67) an  « operations strategy concerns the pattern of strategic choices and actions that set the purpose, objectives and activities of operations  ». According to Hayes (2005), efficient operations strategies need to be consistent and contribute to competitive advantage. The process of operations strategy covers the activities and dynamics of strategy elaboration and implementation (Swink and Way, 1995), whereas the content of operations strategy consists of the particular decisions regarding competitive priorities, objectives, and action plans that specify the operation s strategic direction.Several authors gave their definition of operations strategy; four interrelated perspectives then emerged. The top-down approach is  « what the business wants operations to do  » and the bottom-up perspective represent  « what day-to-day experience should do  ». Top-down strategy can be distinguished from a bottom-up strategy in terms of two aspects: the initiative s origin and the sequence of events amongst purposes, actions, and results. Top-down strategy is triggered by top management s aims and manifests in the performance outcomes of stipulated actions. Bottom-up strategy is initiated by lower managers’ actions realizing their own interpretationsShow MoreRelatedStrategic Supply Chain Management2572 Words   |  11 Pagesï » ¿1.0 Introduction Supply Chain Management (SCM) is the management and administration of a network of interconnected enterprises involved in the fundamental provision of product and service packages required by end customers. This complex discipline is the systematic and strategic coordination of traditional business functions and the tactics across those business functions within a particular company and across businesses within that company’s supply chain. The end effect is improving long termRead MoreSupply Chain Management : Strategic Management833 Words   |  4 PagesAll flows of information, products or funds generate costs within the supply chain. Efficient management of these flows is the key to success in the supply chain. Effective and efficient supply chain management involves the management of supply chain assets and product, information, and fund flows to maximize total supply chain profitability. â€Å"Supply chain efficiency is related to whether a company’s processes ar e harnessing resources in the best way possible, whether those resources are financialRead MoreStrategic Sourcing Of A Supply Chain Management1271 Words   |  6 PagesResponsible Sourcing Before a supply chain manager can truly understand strategic sourcing, they must have a good working knowledge of the purchasing and procurement processes, which I will explain in detail later in my research. Strategic sourcing is an aspect of supply chain management that is becoming more prevalent in the business world. 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Because Supply Chain Management spreading beyond locationRead MoreSupply Chain Management : Strategic And Operational Levels Essay2083 Words   |  9 PagesIntroduction: Supply chain management is composed of different elements that play a crucial role in the survival and success of a business. Supply chain management is a chain of elements that consists of customers, planning, purchasing, inventory, production and transportation which are managed through tactical, strategic and operational levels. Technology covers a major functional role in supply chain without which the activities and responsibilities of supply chain may not be achieved. The globalRead MoreAn Analysis of Toyotas Strategic Procurement and Supply Chain Management4932 Words   |  20 PagesPurchasing Materials Management | | Strategic Procurement Supply Chain Management | Introduction The topic selected is (Strategic Procurement Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a fewRead MoreAn Analysis of Toyotas Strategic Procurement and Supply Chain Management4917 Words   |  20 PagesPurchasing Materials Management | | Strategic Procurement Supply Chain Management | Introduction The topic selected is (Strategic Procurement Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few waysRead MoreFord Motor Company: Supply Chain Management and Strategic Fit3663 Words   |  15 Pagesï » ¿Ford Motor Company Supply Chain Management and Strategic Fit University of Arkansas Fall Second Session 2011 Supply Chain Management for Operations Managers Written by: Albert Carter For: Instructor Nia Wright December 9, 2011 Abstract This report covers the performance of Ford Motor Company over the past 10 years and analyzes the results of its â€Å"One Ford† business plan. The main question this report answers is whether Ford’s resent actions match the supply chain strategy of the new