Asked by Katherin Mejia on May 13, 2024
Verified
The key question in strategic supply management is:
A) How can the supply manager develop a network of suppliers that contribute to the supply department's goals?
B) How can first tier suppliers contribute to the buying organization's objectives and strategy?
C) How can supply and supply chains contribute effectively to organizational objectives and strategy?
D) How can first,second,and subsequent tiers of suppliers contribute to the buying organization's objectives and strategy?
E) How can supply strategy be kept separate from,but equal to,organizational strategy?
Strategic Supply Management
The practice of planning and managing all supply chain activities to align with company objectives and ensure competitive advantage.
Organizational Objectives
The specific goals a company or an organization aims to achieve, which guide its internal and external strategies and decisions.
Supply Strategy
A comprehensive plan detailing how a company will manage and optimize its resources, procurement, and partnerships to meet its supply chain goals.
- Comprehend the significance of aligning supply strategy with corporate strategy.
Verified Answer
AM
ARINA MEMONMay 15, 2024
Final Answer :
C
Explanation :
The key question in strategic supply management is how can supply and supply chains contribute effectively to organizational objectives and strategy. This is because supply management is not just about buying goods and services, but also about building relationships with suppliers and optimizing the supply chain to achieve the organization's strategic goals. This question encompasses all tiers of suppliers, and goes beyond just the contribution of first tier suppliers. It also recognizes the importance of aligning supply strategy with organizational strategy.
Learning Objectives
- Comprehend the significance of aligning supply strategy with corporate strategy.