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The supply chain management strategies

The supply chain management strategies employed by the twenty different companies show that the most preferred supply chain management strategy is supply chain integration. Based on the findings, other significant strategies that were employed by the different companies included outsourcing and market research. Outsourcing refers to the seeking of information from other established enterprises regarding supply chain management strategies (https://www.vendhq.com/blog/supply-chain-management/). It is also observed that the most common barrier to effective supply chain management strategy is stiff competition. Others include territorial issues and the language barrier.
The study of supply chain management strategies in relation to business is critical to consider and evaluate while looking at the performance of large, small, and medium enterprises. The recent success in the breakthrough of small and medium enterprises is largely attributed to the intersectoral collaboration between established multinationals and small enterprises Tian, 2018). Other key areas to consider in the supply chain management strategy include the adequacy of communication and the role of sustainability and portfolio management.

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