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Effective Supply Chain Management Strategies - Coursework Example

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The paper "Effective Supply Chain Management Strategies" discusses that aligning and managing a supply chain is a complex undertaking made even more complex by the size of the firm in question, one of the challenges they encounter is the inability to accurately prioritize the improvement efforts…
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Effective Supply Chain Management Strategies
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Download file to see previous pages Effective supply chain management strategies are essential for providing an organization with a competitive edge over their peers. Excellence in the supply chain can be achieved if the organizational leaders attend to the particular details in the market infrastructure that make their organization more efficient and the transactions in the market fluid effective. Taking into account the complexity of supply chains more so those with global and regional scope, one must recognize that the magnitude of complexity in the task is immense (Jacobs and Chase & Chase, 2011). Therefore, it takes highly qualified and experienced managers to identify the correct issues to be prioritized and addressed as well as mark out new strategies and opportunities. In the long term, effective supply chain management is bound to deliver considerable benefits to any firm that recognizes and respects its necessity. To extrapolate on the importance of effective supply chain management this paper will dwell on several case studies in different industries where supply chains have been successfully or otherwise managed.

The fashion industry is one where competition is ubiquitous despite the fact that most of the customers have very unique needs. However, given the low entry barriers, the stiffness in the competition is understandable since many of the new entrants will offer customers and specialized products for customers forcing the firms already in the market to be constantly on their toes (Masson, MacKerron & Fernie, 2007). In this section, Zara, Adidas HM, and Luis Vuitton and other firms are examined in respect to their specific supply chain management strategies. H&M has listed among its objective the intentions to be the price leader in the fashion industry, to this end they have restricted their supply chain such that it primarily targets the street trends which make easier but more expansive supply chains. ...Download file to see next pagesRead More
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