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Crafting Business and Supply Chain Strategies

In: Distribution Planning and Control

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  • David Frederick Ross

    (APICS)

Abstract

The strategic role of supply chain management is summarized as the management of supply chain assets, products, information, and financial flows to maximize company profitability. In more detail, effective supply chain strategies grow business value by seeking to: (1) increase customer responsiveness; (2) increase the efficient use of supply chain resources; and (3) decrease the cost of supply chain operations. These objectives are realized by the design of supply chain strategies that define the physical configuration and capabilities of the supply chain network; how the execution of aggregate and detailed demand and supply planning will maximize business value; and how the daily performance of supply chain operations realizes customer responsiveness, efficiency, and low cost goals. There is little doubt that the success of companies like Wal-Mart, Amazon.com, and Home Depot are due in large part to how their supply chain strategies have shaped their supply channel design, planning, and operations.

Suggested Citation

  • David Frederick Ross, 2015. "Crafting Business and Supply Chain Strategies," Springer Books, in: Distribution Planning and Control, edition 0, chapter 3, pages 83-140, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4899-7578-2_3
    DOI: 10.1007/978-1-4899-7578-2_3
    as

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