BU405 Chapter Notes - Chapter 2: Operational Risk, Supply Chain, Eval
Document Summary
Levels of strategic planning: corporate: qs that answer what biz are we in & how to allocate resources, business unit: mould plans of particular biz unit, as necessary, to contribute to corp strategy. Function: the how each of functional area"s contribution to the biz strategy & involve allocation of internal resources. Identification & feedback of supply issues to be integrated into org objectives. Supply strategy: supply action plan designed to permit the achievement of selected goals & objectives: if well developed the strategy will link the firm to the environment as part of lt planning process. Overall supply strategy made up of sub-strategies: assurance-of-supply strategies: designed to ensure future supply needs are met w/emphasis on quality & quantity, must consider changes in both demand & supply (main. Issue of make/buy insourcing/outsourcing: strong acquisition strengths favour buy strategy, whether org will acquire standard items/mtrls readily available in market, as opposed to special, custom-specified rqmts.
