Logistics, the supply chain and competitive strategy - The changing competitive environment
3 important questions on Logistics, the supply chain and competitive strategy - The changing competitive environment
Explain globalisation of industry in the competitive environment.
- Optimization of global pipeline
- Lengthy supply chain
- Time based competition with short product life cycle
- JIT Delivery to customers
Explain downward pressure on price in the competitive environment.
- Utilize global resources to find destination
- Optimize distribution
- Inventory profiling
- JIT Delivery to customers
Define the 4Rs as emerging principles to guide supply chain managers.
- Responsiveness: time-based competition is now the norm. The focus is on agility
- Reliability: unreliable processes create uncertainty and variability. Equally, lack of visibility adds to uncertainty
- Resilience: today’s turbulent and volatile markets require supply chains that are capable of dealing with the unexpected and unplanned
- Relationships: as supply chains become more complex and as outsourcing increases dependency on suppliers, the need for relationship management increases
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