Question

Explain in sufficient depth the supply chain perspective for each of the following areas of strategy for your new manufacturing business: Environment, Resources, Objectives and Feedback. Use the Men’s and women’s athletic shoes businesses to support your response.

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Answer 1

Strategy for the Supply chain for the new manufacturing business for given areas i.e. Environment, Resources, Objectives and Feedback.

Supply chain is the most important branch of the business and brings the efficiency of the business by timely availability of raw material and dispatch of finished products to the customers.

Strategy is the appropriate approach for development and growth of the business in long run or in future. Thus strategy helps the business for easy survival and achieves the desired growth for the business.

For a new manufacturing business, the strategy for supply chain depends upon the give factors like environment, resources, objectives and feedbacks.

The environment of the new business helps to formulate the strategy for the supply chain. The external environment will have the supplier base for the business and the lead time and inventory required for supply chain strategy. Thus the inventory and lead time of supply depends upon the availability of the suppliers and their distance from the company.

Resources is the key element for the strategy of supply chain for the new manufacturing business, because the resource availability and production capacity will help in defining the targets for the supply chain and the need of supply chain to meet the required raw materials.

Objectives for the strategy of supply chain will be worked out based on the key performance objective of the manufacturing business. Thus the supply chain strategy will focus on meeting the performance objective for the new business.

Feedback will help in assessing the current strategy and its support for the supply chain and it will provide the inputs that can be used for future development of the supply chain strategy.

Men’s and women’s athletic shoes businesses: The supply chain strategy depends upon the environment, objective, resources and feedback for the athlete shoes business. The environment for the need of the athlete shoes for men and women shows the type of requirement and the supply chain needs to support this requirements. The resources are needed so that timely they can provide the shoes products to their customers (men and women). Feedback is the key inputs for framing the strategy for the new business of athlete shoes.