Outline the steps involved in developing a logistics strategy.
Question:
Outline the steps involved in developing a logistics strategy.
Developing logistics strategy:
The constant changes in the supply chain affect logistics, making it necessary for organizations to develop a strategy that will help adapt to the supply chain's flexibility. It allows companies to identify the impacts of changes and ensure their supply chain is not negatively affected. The objective of any logistics strategy is to ensure a company delivers consumer demands on time and at lower costs. The steps involved in developing a strategy will determine the success of its logistics functions.
Answer and Explanation:
Become a Study.com member to unlock this answer! Create your account
View this answerSome steps involved in developing a logistics strategy
• Strategizing
In this step, a company decides how the strategy will contribute to its...
See full answer below.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:
Get access to this video and our entire Q&A library
Logistics of Goods and Services
from
Chapter 12 / Lesson 6
22K
Learn about logistics in business. Read about logistical activities, logistics management, and why many companies use logistics services intermediaries.
Related to this Question
- What are the steps in the process of supply chain network design? Of these steps, which are most relevant to the task of selecting a specific location for a logistics facility? Step 1: Define the Sup
- With the task listed in the strategy-making, strategy-execution managerial process, which will make up the company's strategic plan? Enumerate what would it consists of.
- The first step in formulating strategies is usually: a. a tactical plan goal implementation. b. operational plans. c. a mission statement. d. a SWOT Analysis.
- The choice of methods of transportation will enable a logistics company to support an integrated logistics network strategy. a) Identify three different transportation methods, and describe their cha
- In the planning phase, managers create a detailed action plan aimed at the organizational goals. Strategic management, or what you will learn as strategizing, is what an organization will do or not do
- What step in the strategic management process involves mobilizing employees and managers to put strategies into action? A) Strategy formulation B) Strategy evaluation C) Strategy implementation D) Strategic advantage E) Competitive advantage
- The flow of products into and out of the manufacturing process is a factor when developing a(n) [{Blank}] strategy. A) marketing B) logistics C) operations D) financial E) human resource management
- Which stage of the strategy-formulation framework involves the Quantitative Strategic Planning Matrix? A) Stage 1 B) Stage 2 C) Stage 3 D) Stage 4 E) Stage 5
- Formulate a distinction between business strategy and operations strategy and then discuss both concepts in greater detail.
- Critically evaluate the role that accounting plays in the formulation and implementation of business strategy.
- Is strategic planning a business process?
- What level of management is focused on tactical planning?
- [{Blank}] is deciding what to do and [{Blank}] is the process of executing what you planned to do. A) Strategy implementation; strategy formulation B) Strategic thinking; strategy implementation C) Strategy formulation; strategy implementation D) Strategy
- Which is an integral part of the managerial process of crafting and executing strategy?
- Logistics is the basic activity of all industrial units, and all other activities revolve around this activity. A. Explain the functions of logistics with reference to this statement. B. Define capacity planning. What are the factors that should be consi
- Describe the key characteristics that define supply management, demand management, and logistics management. As a supply manager, why do you think it is so difficult to prepare accurate forecasts for planning production? How would you describe the distin
- Which of the following strategies can a strategic manager use to form closer relationships with both the customers and suppliers through sophisticated extranets in an organization? A. Operations strategy B. Logistics strategy C. Purchasing strategy D. Inf
- Which concept describes how a firm determines the objectives and tasks that are required to put a plan into action? A) strategy implementation B) strategy integration C) strategy formulation D) strategy alignment
- Which of the following strategies is designed to increase the scale or scope of a corporation's operations? A) Differentiation strategy. \\B) Growth strategy. \\C) Stability strategy. \\D) Retrenchment strategy.
- (a) Define the nature of a cost-leadership strategy. (b) Differentiate between business strategies and corporate strategies.
- What are the strategic, tactical, and operational objectives of asset management?
- Does contingency planning facilitate the transition to crisis action planning?
- Discuss the cost effectiveness and dependability of those forward logistics components that could also be utilized in reverse logistics. In other words, what aspects of a forward logistics model could be used in a reverse logistics model to reduce costs a
- 1. Describe the Strategic Planning Process at the corporate and business unit levels. 2. How often should we engage in strategic planning and the strategic planning process? 3. Find an article that ha
- The SWOT analysis is used in which step of the strategic management process? A) Formulating strategy B) Implementing strategy C) Evaluating strategy D) Analyzing the internal and external environments
- Define strategic, tactical, and operational decisions. Be sure to address who makes each of these decisions in the organization.
- A program or tactic is A) a detailed cost statement in terms of dollars. B) a system of sequential steps. C) a statement of the activities needed to support a strategy. D) the process by which strategies and policies are put into action. E) none of t
- Discuss the three levels of planning and their respective strategies. For an organization of choice, give an example of a strategy that can be applied at each level.
- Which of the following strategies works best for an organization that practices mass production and mass-marketing? A) differentiation strategy B) focus strategy C) low-cost leadership strategy D) retrenchment strategy
- A strategic manager implements a(n) _______ strategy to gain a competitive advantage in the marketplace when he or she focuses on the flow of products into and out of the manufacturing process. A. purchasing B. R&D C. logistics D. financial E. operations
- The process by which strategies and policies are put into action through the development of programs, budgets, and procedures is A) strategy formulation. B) strategy control. C) strategy implementation. D) strategy development. E) strategy evaluation
- Formulate a distinction between "business strategy" and "operations strategy." Once you've formulated this distinction, discuss both concepts in greater detail.
- How is managing the strategic plan different from following the operational policies and procedures of an organization?
- Define the components of Chipotle's business strategy. How should the analysis influence the strategic direction of the firm? In light of economic and competitive forces, do you think CMG's sustainab
- Which of the following is not an example of a strategic process? A) forced-choice model B) leadership C) Hoshin planning D) supply chain strategy E) product development
- Define strategy implementation and discuss three specific organizational policies and practices that are particularly important in implementing a strategy.
- Establishing strategies for achieving organizational goals is a part of the ________ function. A) leading B) coordinating C) planning D) organizing
- What is the process called by which top management determines overall organizational purposes and objectives and how they are to be achieved? A) objective planning B) organizational planning C) strategic planning D) tactical planning
- Who has strategy execution responsibility and who is ultimately responsible for making sure that the task of implementing and executing the strategy goes well?
- ____ consists of monitoring the execution of strategy and making adjustments if necessary. a. Strategy formulation b. Strategic control c. Strategy implementation d. Contingency planning
- Sematech is pursuing which strategy? A) cost-leadership business strategy B) product-differentiation business strategy C) cost-leadership corporate strategy D) product-differentiation corporate strategy
- Does a CEO formulate or implement strategy?
- Construct corporate scenarios to evaluate strategic options.
- Nike outsources manufacturing so that it can focus on product development, logistics, brand management and ________.
- The term used in strategy implementation that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is: A) Program. B) Guidelines. C) Budgets. D) Course of action. E) Procedures.
- [{Blank}] is defined as a structured transition in what an organization does and how it does it. A) Strategy B) Strategic management C) Organizational change D) Globalization E) Technology
- What is the essence of strategy formulation in an organization and how to gain and sustain competitive advantages to enhance the quality of strategic decision? There are a variety of strategies stri
- The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives, but it chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called:
- What are the strategic, tactical, and operational objectives of human resource management?
- Evaluate the trade-offs considered in production and operations management strategy related to costs and quality, flexibility, and delivery.
- The interim action is a decision making strategy that allows the decision-maker to _____.
- Forecasting is the ________ level of production management. A. Operative B. Technical C. Strategic D. Tactical E. None of them.
- In the strategic implementation phase of the strategic management process, top executives are responsible for _____.
- Discuss some forces that influence the formality of the strategic-management process.
- Which of the following is not a stage of operations management? A) Acquiring inputs B) Controlling the conversion processes C) Planning the strategy of the organization D) Delivering the output
- Review the Company/Case Analysis requirements. Prepare the following section for this assignment case/ company is EBAY "Cover page" What is this organization's strategy to compete? Is the strategy wor
- Identify the key factors business owners should take into consideration before redefining the business strategy. How is strategy formulated? Who is responsible for implementing strategy in a business?
- Identify the critical role of effective and efficient supply chains and how operations personnel need to plan, organize, and develop the right strategies and processes.
- A method for strategic quality planning where a three- to five-year plan is developed along with the current year's objectives is called the [{Blank}]. A) logistics model B) PAF paradigm C) sustainability process D) Hoshin planning process E) forced-choic
- What is the first step in the strategic planning process? A) setting specific objectives B) implementing long-term goals C) assessing the business environment D) determining the organizational mission
- Do middle managers do tactical planning?
- A risk mitigation strategy for logistics failure would be: a. digital networks. b. service/product innovation. c. insurance. d. contingency planning. e. safety stock.
- Ethics training should be part of a ________. A) reactive strategy B) contextual strategy C) defensive strategy D) proactive strategy
- Generally speaking, which is the correct order of the steps in the planning process? a. Mission, operational, strategic, and tactical goals b. Strategic and tactical goals, mission, and operational plan c. Mission, tactical, strategic, and operational go
- Supply Chain Management is one of the most dynamic areas of business. Discuss the reasons why this is the case, use examples to explore 3 aspects which create these dynamic operations environments.
- Develop an executive summary of your organization's (or one you know well) annual marketing plan. Summary should and include a brief situation analysis, marketing objectives, strategies, tactics, fin
- Briefly discuss how Christian principles can be applied to one operations management dilemma listed below. a. Managing Quality. b. Process Strategy c. Layout Strategy d. Supply Chain Management.
- The factor to determine if a change strategy is an OD strategy is: a) the credentials of the practitioner. b) the process used to carry out the strategy. c) if the strategy was developed after the diagnostic stage. d) if structural, technical, and behavio
- What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives? A) Strategy formulation B) Strategy evaluation C) Strategy implementation D) Strategic
- HRD should be involved in strategic planning by: A) Helping shape strategy. B) Influencing the HR strategy. C) Developing its own strategy in line with the strategic plan. D) Both B and C. E) All of the above.
- An explanation of how the product will be distributed is contained within the: A) description of the product line. B) marketing strategy portion of the business plan. C) competitive analysis. D) business strategy section of the business plan.
- In your own words, discuss the roles each of the two vertical growth integration strategies play in corporate strategy.
- Should functional strategies be categorized under strategy formulation or under strategy implementation?
- Describe the core attributes of an effective team and the strategies you would implement to develop team dynamics that will benefit the organization.
- Which kind of corporate strategy deals with the firm's overall orientation toward growth? A) portfolio strategy B) directional strategy C) parenting strategy D) cooperative strategy E) functional strategy
- The term used in strategy implementation that describes a statement of activities or steps needed to accomplish a single-use plan and whose use is to make the strategy action-oriented is: A) Program. B) Guidelines. C) Budgets. D) Course of action. E)
- Plans that have an intermediate time horizon and are concerned with the steps to achieve your strategic plans are called _____ plans. a. strategic b. standing c. contingency d. tactical e. operational
- The final step of the strategic management process is _____.
- Which of the following strategies is designed to guard an organization against change? a. stability strategy b. growth strategy c. retrenchment strategy d. differentiation strategy
- Strategic Plan : Write a strategic evaluation in which you include the following: - Evaluate potential business level strategies for the organization. - Assess potential corporate level strategies f
- In the context of Farm Management, what is the goal of strategic planning? What factors need to be incorporated into creating a strategic plan?
- What are some of the standard measures of strategic success evaluated in the final stage of the strategic management process?
- Which of the following strategies involves formulating a clear image of a product's values? a. Distribution strategy b. Branding strategy c. Segmentation strategy d. Global strategy
- The term used in strategic implementation that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is A) program. B) guidelines. C) budgets. D) course of action. E) procedures.
- Strategic management is defined as: A) those decisions and actions where organizational members analyze the current situation and develop appropriate strategies B) putting those strategies into action C) evaluating and changing those strategies as needed
- Tactical control focuses on _____. A) implementing strategy B) regulating activities C) managing methods D) planning policies
- _____ planning is the process by which managers identify alternative courses of action that the organization might follow if various conditions arise. a. Strategic b. Standard c. Contingency d. Integrative e. Goal optimization
- For a business, does there always need to be a formally expressed strategy? Why?
- Strategic Management has taken on a new dimension as it has become interwoven with technology. Explain how you conceptualized the emerging relationship between strategy and technology.
- Identify the most appropriate organizational structure for a firm pursuing a cost-leadership strategy.
- Please explain each part of a business case study; Introduction; Point-of-view; Statement of problem; Statement of objectives; Alternative courses of action; Strategy Formulation; Action plans; Object
- Develop a business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets. Identify marketing and information technology
- Case Summary In a narrative format, discuss the key facts and critical issues presented in the case focusing on marketing and strategic planning. Conduct a comprehensive SWOT and update the case to c
- Having strategic plans are all well and good, but without building in metrics and means of checking progress goals can end up a mess. Give some suggestions on how to measure typical strategic goals. The subject is strategic management.
- Aggregate planning is described as a process of developing, analyzing, and maintaining a schedule of the overall operations for a supply chain. Is aggregate planning the best approach to use for evalu
- Process strategy is another operations management strategy that provides competitive advantage. a. What is process strategy? b. What type of process is used for making each of the following products? i. Beer ii. Wedding invitations iii. Cars Paper iv. Big
- The flow of material at a single workstation is known as: A. Workplace logistics B. Facility logistics C. Global logistics D. Corporate logistics
- What kind of strategic planning approach is Latonya taking for Makers Crafts? Is this an effective approach?
- Which of these is NOT one of the 10 strategic Operations Management (OM) decisions? A. marketing B. scheduling C. layout strategies D. managing quality
- What is the planning step that shows the intended actions that will be carried out? A) Objectives B) Actions C) Resources D) Implementation
Explore our homework questions and answers library
Browse
by subject