1. How would you distinguish between the following terms: alignment; relationshi
ID: 399713 • Letter: 1
Question
1. How would you distinguish between the following terms: alignment; relationships; and collaboration?
2. What are the basic types of cupply chain relationships and how do they differ?
3. How would you distiniguish between a vendor, a partner, and a strategic alliance?
4. What does it take to have am areaof "core competency"? Provide an example.
5. Describe the steps in the process model for forming and implementing successful supply chain relationships? What steps fo you feel is most critical?
6. What are some of the more common "drivers" and "facilitators" of successful supply chain relationships?
7. What is meant by "collaboratiom" between supply chain organizations? What are the different types pf collaboration?
8. What are the basic types of 3PL firms, and which are in most prevalent use?
9. What are some example types pf services that may be available frpm a 4PL providers?
10. What are some pf the more frquently outsourced logistics activies? Less frequently outsourced?
Explanation / Answer
Answer-1
Alignment is more like an orientation towards a common business or organizational goal; relationship is the interaction (or an association) among two parties or organizations or teams stating the impact of their partnership together; whereas collaboration is more applies to the team work with set objectives
Answer-2
There are two basic type of supply chain
1-Vertical 2-Horizontal
The basic types of supply chain relationships are such as, ‘transactional relationship’ is only carried out based on the individual transactions and none of the party is concerned; ‘collaborative relationship’ is more focused on support and interdependency of the parties; ‘alliance relationship’ is followed based on the structured guideline or based on contracts with more systematic approach towards the end goal.
Answer-3
Alignment is the process of linking an organization’s structure and available resources with its long-term strategy and the business environment. A company can also align its strategy with that of a partner for short-term benefits. Relationships, on the other hand, is the process of forging a bond and long-term commitment.Collaboration is simply the coming together of various entities to make something together such as a piece of good or a particular event or service.
Answer-4
A core competency is something which gives a sustainable long-term advantage to the company. For a competency to be core it is very important that it should follow the VRIN framework i.e. the competency should be Valuable, Rare, Inimitable and Non –Substitutable. For example, the core competency of Apple is its product differentiation strategy, innovation and it's unique brand image which makes it Valuable for the stakeholders and customers, the innovative ideas and products developed by Apple are rare, inimitable. The brand has such a strong image that over the years Apple products have become no substitutable.
Answer-7
A core competency is something which gives a sustainable long-term advantage to the company. For a competency to be core it is very important that it should follow the VRIN framework i.e. the competency should be Valuable, Rare, Inimitable and Non –Substitutable. For example, the core competency of Apple is its product differentiation strategy, innovation and it's unique brand image which makes it Valuable for the stakeholders and customers, the innovative ideas and products developed by Apple are rare, inimitable. The brand has such a strong image that over the years Apple products have become no substitutable.
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