Asked by MARIO MURILLO on Jun 04, 2024
Verified
The first step in achieving strategic fit between competitive and supply chain strategies is to
A) understand the supply chain and map it on the responsiveness spectrum.
B) understand customers and supply chain uncertainty.
C) match supply chain responsiveness with the implied uncertainty of demand.
D) ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness.
Strategic Fit
The alignment between an organization's strategy and its external environment, as well as its internal resources and capabilities.
Responsiveness Spectrum
(new definition) Refers to the continuum of adaptability levels a company can exhibit, from highly reactive to changes in the market to relatively unresponsive.
- Comprehend the principle of strategic alignment within supply chain management and its significance for the overarching corporate strategy.
Verified Answer
JA
Jonathan AlexanderJun 08, 2024
Final Answer :
B
Explanation :
Understanding customers and supply chain uncertainty is the first step in achieving strategic fit between competitive and supply chain strategies. This involves identifying the customer needs and the level of uncertainty in the supply chain, which can then inform decisions about the appropriate level of responsiveness needed in the supply chain. Mapping the supply chain on the responsiveness spectrum, ensuring functional strategies support responsiveness, and matching supply chain responsiveness with demand uncertainty are subsequent steps in achieving strategic fit.
Learning Objectives
- Comprehend the principle of strategic alignment within supply chain management and its significance for the overarching corporate strategy.