Q1. What are the reasons that have led organizations to practice supply chain management and what are its benefits?

Directions:

1. Upload only one-word document consisting of a cover page and your response. Response to each question should not exceed one page (11-12 point size, Times New Roman font).
2. Each question should have its own paragraph

Answer the following questions.
Q1. What are the reasons that have led organizations to practice supply chain management and what are its benefits? In what way has globalization affected the field of supply chain management?
Q2. How does operations-based advantage lead to sustainable competitive advantage?

SAMPLE SOLUTION

The world of business continues to be competitive and it is only innovative business players that will succeed the emerging competition. Some of the aspects that companies consider are the supply chain management and operations strategy which is the plan which specifies the design and utilization of resources to support business strategy. In establishing a business, it is critical to consider the size, location, available and required skills, technology among other factors. This task looks at various aspects of supply chain management and operations-based advantage.
Reasons as to why Organizations Practice Supply Chain Management and the role of Globalization
Supply chain management is an important component of any business operation as it defines how products are distributed right from the source down the supply chain. It is not only about managing suppliers but rather about exploring the supply chain strategies and using research or data-based approaches to implement the said strategies. There are…