Discuss how to focus on integration of operations seeking additional synergistic

Question

Discuss how to focus on integration of operations seeking additional synergistic efficiencies.

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Define and discuss the importance of integrated supply chain management in today’s global economy.

Explanation / Answer

Supply chain integration is referred as large-scale business strategy which in fact helps towards conceiving effective supply chain working relationship with an objective to efficiently enhance response time and reduce wastages and costs. Furthermore integration can be either through merger with other firms in the supply chain or by closely sharing information and exclusively working with specific suppliers and consumers.

With integrated logistics, supply chain and product innovation strategies organizations indeed are better positioned towards effectively predicting demand and framing effectual business policies. Thus in present global market supply chain indeed requires efficiently accommodating shorter product life cycles, emerging markets and fluctuating economies.

Effective coordination of technological innovation with logistics and supply chain management in an organization indeed facilitates with adequate response towards changes in market demand. Furthermore with enhanced flexibility in an integrated supply chain indeed facilitates with quick response towards multi-faceted business environment.

Lean management practices indeed facilitate to effectively identify and eliminate wastages in supply chain and enhanced alertness in fact helps quick and effective response towards business volatility. Furthermore efficient data integration strategy across business operations indeed can be regarded as the best way towards ensuring success and sustainability of supply chain integration in global economy for long term.

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