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Strategic Supply Chain Management - Fresh Connection

   

Added on  2020-05-28

9 Pages2159 Words90 Views
Running head: STRATEGIC SUPPLY CHAIN MANAGEMENTStrategic Supply Chain ManagementName of the StudentName of the UniversityAuthor’s Note

1STRATEGIC SUPPLY CHAIN MANAGEMENTTable of ContentsAnswer to Question 1......................................................................................................................1Answer to Question 2......................................................................................................................3References........................................................................................................................................6

2STRATEGIC SUPPLY CHAIN MANAGEMENTAnswer to Question 1In today’s business world, Strategic Management is considered as one of the majorconcepts. Strategic Management refers to the process to plan, monitor, analyze and assess all thenecessary aspects that are required for achieving the organizational goals and objectives (Hitt,Ireland & Hoskisson, 2012). Thus, strategic management plays an integral part in every aspect ofthe businesses and there is not any exception in case of supply chain processes. The inclusion ofstrategic management in various aspects of supply chain is likely to have positive effect on thesupply chain management of the companies. In this context, it needs to be mentioned that thealignment of strategic management in the supply chain processes of ‘Fresh Connection’ has theability to strengthen the operations of the company. The supply chain in Fresh Connection hasdifferent types of components and all of these components play integral part in the developmentof the financial as well as non-financial performance of the companies. There is not anyexception of this fact in case of Fresh Connection. The following discussion shows the impact ofstrategic management in various aspects of supply chain components in Fresh Connection:The inclusion of strategic management in the supply chain of Fresh Connection has theability to improve the inventory policy of finished product of the company, as it is essential forthe company to have stable and efficient inventory policy of finished products. There are somemajor factors having effects on the inventory level of Fresh Connection; they are customerservice expectations, uncertainty in demands and the flexibility of the whole supply chainprocess (Christopher, 2016). In the presence of certain amount of demand, it becomes easier forthe companies in maintaining desirable customer service standards even in the reduction ofinventory level. However, in the presence of erratic demand and a short life cycle of the

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