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Efficient Supply Chain Management

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How is supply chain management important for companies that are trying to get a competitive advantage? Would it be advantageous for your organization to focus its efforts on improving its supply chain?

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The solution gives 235 words of detail on the advantages of an efficient supply chain and how capacity planning with 1 reference included.

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The supply chain management plays an important role for organizations seeking to gain competitive advantage. Competitive advantage is obtained normally in two ways, either through low cost or through differentiation in product/service. First let us consider the low cost approach to competitive advantage. If a firm is able to manage a supply chain well ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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