What are the basic supply chain strategies?

Strategies and designing of the supply chain include:

• Deciding on the supply chain structure and the activities each stage of the supply chain will perform.
• Selecting a location and capacities of facility.
• Deciding on the products that are to be made and the location where they need to be stored.

What are and explain the steps in the supply chain?

At their most basic, the key steps in a supply chain include:

1. Original sourcing or extraction of raw materials.
2. Refining or manufacturing materials into basic parts.
3. Assembling basic parts into finished products.
4. Selling finished products to end users.
5. Delivering finished products to end users or consumers.

What are supply strategies?

Supply strategy relates to the integration of supply activities within firms, in dyadic relationships, in chains of firms and in inter‐organisational networks. These have been expressed as different systems levels of supply (Harland, 1996a) as shown in Figure 2.

How many supply chain strategies are there?

six supply chain
Overall, there are six supply chain models, but they all are divided into those with a focus on efficiency and those with a focus on responsiveness.

What is the final step in a supply chain operation?

The last and final stage of supply chain management is referred as the return. In the stage, defective or damaged goods are returned to the supplier by the customer. Here, the companies need to deal with customer queries and respond to their complaints etc.

What is the last step of the supply chain?

RETURN
RETURN – Returns’ handling is the last step of the supply chain management process. It not only involves reviewing returned products for quality purposes but also managing their inventory.

Which of the five basic supply chain activities do you support customers and product returns?

Plan, source, make, deliver, and return are the five basic supply chain management components. In the basic supply chain, source refers to building relationships with suppliers to procure raw materials. In the basic supply chain, return refers to supporting customers and product returns.

What is the need of strategies in supply chain management?

A lot of companies think they don’t need to look at their supply chain strategy. But having a supply chain strategy helps companies know how to work with their products’ distributors and vendors to improve operational efficiencies and drive down costs—and that can help enable profitable growth.