Tibet
PURCHASING and SOURCING MANAGEMENT MODULE 2 ASSIGNMENT
HUI KA SHING ALAN
1. Discuss the terms: strategy, supply chain management, change and leadership.
Strategy can be defines as a high level plan to achieve one or more goal under conditions of uncertainty. Strategy can also define as the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources for carrying out these goals (Chandler 1962). Therefore, strategy is critically related to supply chain management while leadership has the strategy for managing change and innovation.
Supply management must develop and manage the firm's supply strategy as an integrated whole instead of a series of unrelated strategies. The corporation's strategy is the keen driver of the supply strategy. The technology, marketing, finance, and production strategies are all inputs to the supply strategy. Conversely, the supply strategy is an input to the corporation's strategies for technology, marketing, finance and production. Supply chain management is a business strategy in which trading partners along the supply chain. Different partners in the supply chain have to jointly commit to work closely together. Such action will bring greater value to the customer and with the least possible supply chain cost and time.
Supply chain management consists of all parties involved, directly or indirectly, in fulfilling customer requests. It is a network of facilities including material supply from suppliers. Supply chain also is a transformation of materials to semi-finished and finished products then the distribution of these products to customers. So basically supply chain management is a set of approaches utilized to efficiently integrate supplier, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities to the right locations and at the right time in
HUI KA SHING ALAN
1. Discuss the terms: strategy, supply chain management, change and leadership.
Strategy can be defines as a high level plan to achieve one or more goal under conditions of uncertainty. Strategy can also define as the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources for carrying out these goals (Chandler 1962). Therefore, strategy is critically related to supply chain management while leadership has the strategy for managing change and innovation.
Supply management must develop and manage the firm's supply strategy as an integrated whole instead of a series of unrelated strategies. The corporation's strategy is the keen driver of the supply strategy. The technology, marketing, finance, and production strategies are all inputs to the supply strategy. Conversely, the supply strategy is an input to the corporation's strategies for technology, marketing, finance and production. Supply chain management is a business strategy in which trading partners along the supply chain. Different partners in the supply chain have to jointly commit to work closely together. Such action will bring greater value to the customer and with the least possible supply chain cost and time.
Supply chain management consists of all parties involved, directly or indirectly, in fulfilling customer requests. It is a network of facilities including material supply from suppliers. Supply chain also is a transformation of materials to semi-finished and finished products then the distribution of these products to customers. So basically supply chain management is a set of approaches utilized to efficiently integrate supplier, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities to the right locations and at the right time in