The article describes about the supply chain management and various activities and programmes

There are a gazillion companies out there, but some stand out. Whether it is because of their popularity, affiliations, history, profile or service, one factor simply makes or breaks a company; it’s strategy management process.

The supply chain management is considered as a management concept from past two decades as the customers are concerned about timely and safe delivery. The competitiveness has been increasing among the companies to deliver the products as quickly as possible to the customers all around the world. This has made the supply chain management as a vital tool for the management. This is also measured as a competitive parameter for the companies.

Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).

Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay

A "strategy map" is a comprehensive framework for describing a strategy. The strategy map specifies critical elements and their linkages for an organizations strategy and was design for describing and implementing a strategy that may be as useful as the income statement, balance sheet and statement of cash flows for financial planning and reporting.

These strategies are of significant value to how the organization looks at the long term operation of the company. These strategies are: 1. Where to put your financial and people resources, 2. Structure and processes that can deliver the strategies; 3. Metric and rewards to support strategy, structure, and process; 4. Values and behaviors required to achieve goals; ( www.managementparadise.com/forums/foundation-human)

An organisation’s strategy plays an important role of providing direction of where company wants to be and how best to allocate the company’s resources to meet its objectives. The formulation of business strategies has evolved over the years and has been made more difficult in recent by the uncertain operating environments and global financial crises.

Strategy means “consists of competitive moves and business approaches used by managers to run the company”, or in simple term Strategy is a “best course of an a company could take in achieving in business goals” And management action plan, to;

‘Strategic Management’ is a very complex term as many eminent researchers and scholars have had different views and conclusions on strategy. According to White (2004), “Strategic Management involves both systematically developing an idea together with its implications and testing the empirical validity & usefulness of that idea against the real world.” Thus strategy is not only about planning for future but also about confirming the validity of the hypothesis considered and implementing it successfully. Strategy formation may take various forms such as implicit, explicit or emergent. Implicit strategy is a strategy formed by intuitions of an individual. As per implicit strategists, strategic management is about reading the environment

Strategies in business are instrumental for the continued growth and expansion of a company. A strategy is a set of analytic techniques that are used to influence the direction of the firm 's growth in the marketplace (Raimundo, 2001). Business strategy enables company to match its internal capabilities and its external environment. Also, their research helps them plan and assists the company to realize its objectives and mission set at its inception and

Strategy: Strategy is the plan of action an organisation prepares in response to, or anticipation of, changes in its external environment. Strategy is differentiated by tactics or operational actions by its nature of being premeditated, well thought through and often practically rehearsed. It deals with essentially three questions (as shown in figure 2): 1) where the organisation is at this moment in time, 2) where the organisation wants to be in a particular length of time and 3) how to get there. Thus, strategy is designed to transform the firm from the present position to the new position described by objectives, subject to constraints of the capabilities or the potential (Ansoff, 1965).

Strategy can neither be created nor modified to changing circumstances without a technique of strategy evaluation. Strategy evaluation plays a vital role in the process of managing an enterprise. Strategy evaluation is an effort to look at fundamental attributes and trends that regulates success in the chosen field of endeavour instead of factors which affect short term health of business. In strategy evaluation performance is compared with desired outcomes and feedback is given to management to assess and take corrective action.(evaluation and control byedward nii amar).

A strategy is said to be a plan that is made for the long term success of a product or brand. It is extremely important to have a strategy in order to figure out a direction towards which any company is able to focus all its resources efficiently and achieve desired outcomes. Formulating effective strategies is a considerably long process in itself that combines analysing several factors, situations and issues that are already present in a company and looking to improve on them alongside trying to implement various innovations and ideas to collectively create a direction towards which they can move and direct the resources available to them.

Every organisation must have a strategy and while framing strategies it is essential to ensure that four key questions are being answered. A good strategy aids identifying where the business actually strives, that is what their target market is. Before formulating any business strategy it is important to describe the target market in which the business will be marketing its contributions. A good strategy also helps defining what exclusive value the business brings to the market, what is its competitive

Strategy is a plan of action to achieve certain goals and/or objectives. A good strategy takes into account obstacles, both seen and unseen, as well as uncertainties. It is a high level plan that becomes extremely necessary if there are limited resources at one’s disposal. Good management is sometimes defined as good execution of a good strategy. Max McKeown (2011) argues that “strategy is about shaping the future”. In other words, humans struggle to get required results with the available means.