Key aspect of supply chain management

Operational, tactical strategic are the three levels of Supply chain management. Organization makes high level strategic decisions at the supply chain level and the management make at corporate level to the overall strategy specifically in the supply chain management. Management body need to decide the strategic supply chain processes which will cover the supply chain management strategy formulation and make it efficiently so that supply chain related activities are done effectively. Logistics, product development, vendors are the key aspect of supply chain management.

Product Development: 

Product Development strategic direction has to monitor by the senior management and it happen when the products trades degeneration, product cycles developed.  To mature and familiarise different forms of current merchandises in the market, vindicate the existing merchandise proposing or mature a different sort of merchandises and facilities, organization has to create tactical verdicts. Sell current businesses or obtain alternative company are some of the strategic decisions to the product development.

Customers: 

For products and services, a company has to identify the potential consumers and at the strategic level decision to the customer, company should segment customers which will be targeted to the key customer. They make supply chain management decision to give better service to the customer. Fast delivery and customer feedback is the main priority to the supply chain management decision.

Manufacturing: 

Manufacturing structure decisions and technology is the tactical level is formulated by the organization which forecast sales estimates, products development and other improvement in the manufacturing criteria for the organization. To upsurge manufacture or built at current services can be required a new manufacturing facilities.  Third-party logistics and subcontracting lean decisions may be the objectives of supply chain to move manufacturing to overseas. The decision of strategic supply chain effect business strategy with concerns to developed.

Supplier: 

Supply chain policies regards to suppliers has to decide by the management of the company. The greatest discounts offer by the company can directly relay to upsurge in revenue and tactically reducing the buying expend. Company management can select strategic global suppliers over many businesses.