Managerial Decision in Supply Chain Essay Example | Topics and Well Written Essays - 1750 words

Managerial Decision in Supply Chain - Essay ExampleSupply orbit is a detect feature to victory or a failure of todays business. This is because getting the correct products to consumers is not only the key player to militant mastery, but also the solution to survival. According to Industrial Marketing Management Journal, managerial conclusivenesss to prevent failure in the movement of goods and services are very crucial (Handfield, & Bechtel, 2002367). The decisions should target to act to the market requirements with overall efficiency. This issue falls on the management. The management should design sound strategies to respond fleetly to the consumers demands. Moreover, the strategies should take care of the ever-changing markets. This is the only way to maintain and bring a competitive advantage to the market. For cede filament to remain efficient, it should concentrate on reduction of cost. In addition, the bring chain should avoid wastage of resources of non-value adde d activities. The managerial decisions should focus to resolve trade-off between responsive and efficiency (Handfield, & Bechtel, 2002369). This paper examines the managerial decisions that increase responsiveness of the supply chains. ... To achieve this, it calls for the management to make sound decisions to respond well to the customer demands or changes in market. This is because each customer has specific set of needs. Some markets require high direct of receptiveness and others concentrate on effectiveness. The general effect of making prudent decisions regarding to each driver establishes the affectivity with which the supply chain serves its market for maximum kale for the participants in the supply chain (Minnich, & Maier, 20083). The common tenet from literatures holds that for success of supply chain managers should be aware of changes in the competitive market environment. The managers should then re-organise the supply chain to satisfy the genuine needs of the consum ers. This swift response determines the adaptation of firms and supply chain to the needs of the ever-changing markets to achieve lasting competitive success. This means that policy designing, and changes are crucial to respond well to the supply chain in the five areas of the company. These are production, transportation, information, inventory, and location. The managers decisions on the strategies they should focus on the situation at hand. The decision should endeavour to achieve the lower costs of goods and services. This is an issue, which many supply managers grapple with. It therefore means that the managers should take aim between two strategies philosophies. The management can either demonstrate a high reaction to consumers at any cost. The other way is to reduce waste in order to achieve maximum profits (Minnich & Maier, 20083). The managerial decisions should concentrate on devising sound processes and key performance pointers that rewards