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Study Notes
Supply Chain Competence
- Supply chains can be a source of competitive advantage, like good products or pricing strategies
- Effective supply chains are difficult to duplicate
- Competitors can quickly develop competing products
- Non-branded items are challenging existing brands' advantages as products become more alike
- Promotional efforts can be easily matched
- Consistent on-time delivery and flexibility are important, but easily copied
- Price reductions are short-lived advantages
- Supply chain competence is difficult and expensive for competitors to replicate in the short and medium term
Sustainable Competitive Advantage
- In competitive environments, many companies see supply chain competency as crucial for continued success
- Improving customer service through supply chain management, employee training, and systems is key
- These strategies support customer satisfaction
- Organizations that use supply chains as competitive weapons incorporate them into marketing and business strategies
- Continuous improvement by leading firms maintains a competitive edge
- Customers can detect smaller differences between competitors in sophisticated markets
Supply Chain Management (SCM)
- SCM is similar to integrated logistics management, but SCM is more comprehensive
- Components of the Supply Chain Council SCOR Model are important. The 6 core processes need to be understood.
Energy, Environmental, and Safety Issues
- Energy, environmental, and safety issues play an increasingly significant role in supply chain management
- These issues impact SCM significantly due to reasons explained in the text
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Description
This quiz explores the significance of supply chain competence in maintaining a sustainable competitive advantage for organizations. It covers factors such as customer service, flexibility, and the challenges competitors face in replicating effective supply chain strategies.
