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Supply Chain Strategy of the Hotel Industry

   

Added on  2020-04-13

10 Pages1973 Words273 Views
Running head: SUPPLY CHAIN MANAGEMENTSUPPLY CHAIN MANAGEMENTName of the StudentName of the UniversityAuthor’s Note
Supply Chain Strategy of the Hotel Industry_1
1SUPPLY CHAIN MANAGEMENTTable of ContentsSupply chain strategy.......................................................................................................................3Reflection assignment......................................................................................................................6References........................................................................................................................................8
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2SUPPLY CHAIN MANAGEMENTSupply chain strategyThe aim of this report is to provide a view on supply chain strategy of the hotel industry.Supply chain refers to the system of entities, activities, persons, information and other resourcesthat are involved in transporting products from the retailers to customers. The supply chainstrategy refers to the combination of functions as well as activities throughout the business valuechain for fulfilling the value proposal of the business to the consumers in the marketplace(Barney 2012). Therefore, it indicates as an iterative procedure that assesses the cost-benefittrade-off of the business operational components. The supply chain strategy of the organization within a particular industry is mainlyshaped by the interrelation among the four elements that includes-Industry Framework- It relates to the interaction of customers, suppliers, economic factors andtechnological developments that influences competition within a particular sector (Beske 2012).The four drivers within this model that affects the supply chain structure includes- Variation in demand-It affects the stability of production assets workload and is the major driverof efficiency in production. Product lifecycle- The lifecycle of the product becomes shorter in response to advancement oftechnology. Consequently, the companies are forced to increase the product development andrenew their portfolios.Mediation cost of the market- The mediation cost of market refers to the cost that are linked withthe disparity between the demand and supply of products.
Supply Chain Strategy of the Hotel Industry_3

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