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_ What is the supply chain strategy?
Supply chain strategy is an iterative process that evaluates the cost- benefit trade-offs of operational components. Business strategy involves leveraging the core competencies of the organization to achieve a defined high-level goal or objective.
_ What is the definition of an operations and supply chain strategy?
Operations and. Supply Chain Strategies. The operations and supply chain strategy is a functional strategy that indicates how the structural and infrastructural elements within the operations and supply chain areas will be acquired and developed to support the overall business strategy.
_ What are the three levels of supply chain management?
There are three levels of SCM: strategic, tactical, and operational.
  • Strategic SCM deals with future planning than in looking at market evaluation, capacity issues, new products, and technology changes.  This planning is addressing issues that may be factors several years out.  This is accomplished at the executive management level.
  • Tactical SCM involves a shorter planning cycle.  It is more concerned demand planning, inventory planning, and supply planning.  This is determined at a less senior level than Strategic SCM.
  • Operational SCM is current planning activities measured in at most weeks.  Operational SCM involves the majority of the operations.  It includes demand fulfillment, scheduling, production, transport, and monitoring.

_ How do you manage supply chain effectively?
10 Supply chain best practices and their benefits:

  1. Set up a supply chain council.
  2. Make sure the supply chain itself has appropriate staffing.
  3. Implement effective technology. ...
  4. Maintain healthy supplier relationships.
  5. Collaborate in strategic sourcing. ...
  6. Focus on total cost of ownership (TCO) and not price. ...
  7. Move contract management under the supply chain. ...
  8. Optimize inventory. ...
  9. Minimize risk through regular reviews. ...
  10. Establish “green” initiatives and social responsibility. ...