STRATEGIC INITIATIVES for IMPLEMENTING COMPETITIVE ADVANTAGES
Strategic Initiatives
- Organizations can undertake high-profile strateguc initiatives including:
- Supply chain management (SCM)
- Customer relationship management (CRM)
- Business process reengineering (BPR)
- Enterprise resource planning (ERP)
Supply Chain Management (SCM)
- involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
- four basic components
- supply chain strategy - strategy for managing all resources to meet customer demand
- supply chain partner - partners throughout the supply chain that deliver finished products, raw materials and services
- supply chain operation - schedule for production activities
- supply chain logistics - product delivery process
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