Module2.2 Flashcards
(11 cards)
1
Q
What is Strategic Fit?
A
Strategic fit ensures that the supply chain aligns with the target customer’s needs.
2
Q
What is the Scope of Strategic Fit?
A
The scope of strategic fit refers to the functions and stages within a supply chain devising an integrated strategy to achieve strategic fit.
3
Q
What are the extremes of Strategic Fit?
A
- Each function/stage develops its own strategy (misaligned objectives).
- All functions/stages devise a strategy jointly (shared objectives).
4
Q
What are some objectives of Purchasing and Supply?
A
- Large purchasing volumes
- Stable product mix
- Short reorder times
- Low purchasing prices
5
Q
What are some objectives of Manufacturing?
A
- High quality input material
- Large production batches
- Few product changes
- High productivity
- Low production cost
6
Q
What are some objectives of Customers?
A
- Low prices
- Short order lead time
- Low out-of-stocks
- Large product variety
7
Q
What are some objectives of Suppliers?
A
- Large orders
- Low variety
- Long lead times
- High sales volumes and prices
8
Q
What is Intracompany Intraoperational Scope?
A
- Strategy for one operation within a functional area.
- Attempts to optimise performance independently (not total firm/supply chain profits).
9
Q
What is Intracompany Intrafunctional Scope?
A
- Includes all operations within a function.
- Goal: Maximise performance for the function (not firm or supply chain profits).
10
Q
What is Intracompany Interfunctional Scope?
A
- All functional strategies within a company support each other and competitive strategy.
- Goal: Maximise firm performance (not supply chain profits).
11
Q
What is Intercompany Interfunctional Scope?
A
- Stages coordinate strategy across all functions to best meet customer’s needs.
- Actions are evaluated in the context of the entire supply chain.
- Goal: Maximise overall supply chain performance and profit.
