Devising the ideal supply-chain strategy
3 important questions on Devising the ideal supply-chain strategy
What is the second step for managers in improving the supply chain?
Managers need to decide whether their company's supply chain is physically efficient or responsive to the market.
To which supply chain should functional products be matched and to which supply chain should innovative products be matched?
Functional products should be matched with the Efficient Supply Chain.
Innovative Products should be matched with the Responsive Supply Chain.
By using the matrix to plot the nature of the demand for each of their product families and its supply chain priorities, managers can discover whether the process the company uses for supplying products is well matched to the product type.
Innovative Products should be matched with the Responsive Supply Chain.
By using the matrix to plot the nature of the demand for each of their product families and its supply chain priorities, managers can discover whether the process the company uses for supplying products is well matched to the product type.
Why doesn't a position in the upper right-hand cell make sense?
For any company with innovative products, the rewards from investments in improving supply chain responsiveness are usually much greater than the rewards from investments in improving the chain's efficiency.
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