Supply Chain Management

The sell supply drawing string of the future has to take terzetto factors into consideration : globalization , new technology and the impact of the Euro The triad factors are changing the retail attention in such a way that a new paradigm has to be developed in designing the most efficient retail supply train . According to the traditional supply cosmic string model , retailers squeezed the supplies for lower prices to the maximum extent possible but this strategy does not have a long line prospect because suppliers can go on lowering prices opus there is still slack in the system . aft(prenominal) that point it is up to the retailers to create a new foster proposition . Depending upon the industry , retailers will have to design their avow supply chains .

Learning from companies like Nike and Benetton which have challenged ancient paradigms , it is possible to design many different supply chain types that will release value in other ship canal than just squeezing pricesIn designing the retail supply chain , the retailers will have to address five key objectives : prime(a) , speed , dependability , flexibility and costThe objective of quality is met by content of the process of globalization This enables retailers to source their products from suppliers from around the world . This means that they can bum about the best products available in the industry . Meeting this objective has also been facilitated through technological ordinariness which has enabled retailers to enhance the process of information sharing with their suppliers . As a result , the suppliers are able to manage their inventories in...If you want to get a full essay, order it on our website: Orderessay

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