Plan The first stage in supply chain management is known as plan. A plan or strategy must be developed to address how a given good or service will meet the needs of the customers. A significant portion of the strategy should focus on planning a profitable supply chain. This is the strategic portion of SCM.
Focus is different from other business strategies as it is segment based and has narrow competitive scope. This is also known as a niche strategy.
In focus strategy, the competitive advantage can be achieved by optimizing strategy for the target segments. Focus strategy has two variants. Cost Focus; and 2. Differentiation Focus Cost focus is where a firm seeks a cost advantage in the target segment; and Differentiation focus where a firm seeks differentiation in the target segment Cherumilan, We shall discuss these variants later.
When we talk about focus strategy as a niche strategy, it means that a market niche is chosen where customers have distinct preferences or requirements. The success of the focus strategy depends on the difference of the target segment from other segments.
To explain this concept, let us take example of soft drink market. Coca Cola and Pepsi are the major players in the Indian market and are rivals but each has developed a competitive advantage by serving different segments offering flavoured drinks as well.
The focuser can also have an above average level of performance by having an appropriate cost-focus and differentiation focus strategies. Focus strategy can be effective in certain situations only. According to Raofollowing can be the situations where a focus strategy is efficient: Market segment large enough to be profitable; 2.
Market segment has good growth potential; 3. Market segment is not significant to the success of major competitors; 4. Focuser has efficient resources; 5. High costs are difficult to the competitors to meet the specialised needs of the niche; 7. Focuser is able to choose from different segments.
There can be more situations depending on the need of the focuser.Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.
Here’s a breakdown of the pros and cons: Advantages and Disadvantages of On-Premise ERPs. You’ll typically find many of the same features in an on-premise ERP system. Even the smallest businesses need to implement some form of inventory control system to keep an accurate merchandise count, as well as for accounting purposes.
Major Category. Description. Automated Information System (AIS) As defined in Enclosure 1 Table 1 of DoDI (Footnote 4), an AIS is a system of computer hardware, software, data or telecommunications that performs functions such as collecting, processing, storing, transmitting, and displaying schwenkreis.com exclude hardware and software embedded in a weapons system.
Site-Specific Management Guidelines.
The objective of the Site-Specific Management Guidelines series is to provide a mechanism to assemble expert knowledge in a timely fashion on site-specific management in a form useful to farmers and their advisers.
Oct 23, · Information technology is an essential partner in management of your business, regardless of the kind of enterprise you operate. Whether you need computers for .