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Supply Chain Management's Role

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Please answer the following questions:

What role does supply chain management play for organizations seeking to gain the competitive advantage?

Would it be advantageous for an organization to focus its efforts on improving its supply chain management?

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Solution Summary

This solution discusses the role of supply chain management for organizations that wish to gain a competitive advantage and explains why it is thus important for organizations to ameliorate their supply chain management practices.

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Supply chain management is a technique companies use to control the supply chain through the streamlining of their supply-side activities in order to gain a competitive advantage in the marketplace and maximize customer value. By effectively managing their supply chain, companies are able to produce products faster while decreasing any expenses associated with the production process at the same time. This is accomplished by maintaining control of internal inventories, internal production and distribution, sales and the inventories of ...

Solution provided by:
Rachel Kozicki, PhD (IP)
Education
  • BA, Ashford University
  • MBA, Ashford University
  • Post-Master's Certificate, Northcentral University
  • PhD (IP), Northcentral University
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