STRATEGIC INITIATIVES
Organization can undertake high-profile strategic initiatives including :
- Supply chain management (SCM)
- Customer relationship management (CRM)
- Business process reengineering (BPR)
- Enterprise resource planning (ERP)
- Supply chain management
-Involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
-Four basic components of supply chain management
i) Supply chain strategy : strategy for managing all resources to meet customer demand.
ii) Supply chain partner : partners throughout the supply chain that deliver finished products, raw materials and service
iii) Supply chain operation : schedule for production activities
iv) Supply chain logistics : product delivery process
'THE ENTIRE SUPPLY CHAIN DOES NOT HAVE TO BE IN ONE COUNTRY,SO SUPPLY CHAIN MANAGEMENT ALLOWS IRISH BASED COMPANIES COMPETE IN THE WORLD MARKET AS PART OF A GLOBAL SUPPLY CHAIN’
2. Customer relationship management
- Involves managing all aspects of a customer's relationship with all organization to increase customer loyalty and retention and an organization's profitability.
- CRM is not just a technology, buy also a strategy, process and business goal that an organization must embrace on an enterprisewide level.
3. Business process reengineering
- Business process : A standardized set of activities that accomplish a specific task such as processing a customer's order.
- Business process reengineering : The analysis and redesign of workflow within and between enterprise.
4. Enterprise resource planning
Integrates all departments and functions throughout an organization into a single IT systems so that employees can make decisions by viewing enterprisewide information on all business operations
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