Strategic Approaches to Supply Chain Management
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Imagine a fictional hardware manufacturer located in Taiwan. Describe the strategic approaches to supply chain management that they could take to remain competitive.
360 words.
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Solution Summary
The solution describes the strategic approaches to supply chain management that they could take to remain competitive.
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Small manufacturers in Taiwan find themselves in a difficult business environment. As a result many are adopting aggressive pricing strategies combined with significant cost cutting. However, more sustainable approach over the long run would be focusing on increasing sales revenue and profitability which is possible by better managing their supply chains. Small manufacturer like XYZ in Taiwan can start in-house and gradually move outward through the supply chain.
• Reduced inventory: The in-house improvements like inventory reductions can reduce working capital, warehousing and transportation costs. As product life cycles shorten, reducing ...
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