do you think larger firm can succeeded more easily than smaller firm in supply chain management?
Answers
Answer:
Reach new customers in new markets around the world – Globalization simplifies communication between business owners, vendors, and customers and therefore makes it easier to reach new markets and stay connected with customers no matter where they are in the globe
Explanation:
SORRY IF IT IS WRONG
Answer:
❤️hope it help u ❤️
Large companies often have their own distribution centers.
Supply chain management is a technology-driven collaboration between a retailer and its wholesale and manufacturing distribution channel partners. While many facets of managing a supply chain are similar for a small business, the scope and steps involved are often less complex than they are in a large organization.
Bargaining Power
A major difference between large and small companies exists in bargaining power. Small companies are sometimes at the mercy of larger retail buyers or large suppliers. A small business usually can’t get the same price breaks from a manufacturer or wholesaler, because it buys in smaller amounts than a large company. One way to overcome this is to sign a long-term commitment to a supplier to buy certain goods. This ongoing commitment may motivate a supplier to offer better rates and terms. Similarly, a small supplier is often more dependent on a large reseller and may have to charge lower rates to maintain business.
Employee Involvement
Large organizations often have employees dedicated solely to the supply chain management function. A large wholesaler usually has an SCM manager and staff, or separate logistics and distribution managers. A small business often can’t afford a dedicated supply chain team. Therefore, company managers often multi-task and include SCM within their roles. If you operate a single business location, for instance, you typically have to manage supplier or buyer relationships yourself or outsource with a third-party SCM provider.
Scope of Distribution
One key advantage for a small business is that the scope of the supply chain is often smaller. Thus, you don’t have as many chain partner relationships to manage. A small business may source its inventory from just a handful of suppliers, for instance. Keeping track of contacts, pricing and distribution systems with a small number of partners is much simpler than in large organizations where hundreds of relationships may exist.
Costs
Small companies naturally have less money to invest in supply chain management processes and software as well. Software is used to integrate inventory data between an inventory seller and buyer. A small business often invests much less in technology infrastructure to manage data integration with suppliers. While all businesses need to control inventory costs, this point is especially true for small companies with less margin for error. Meeting customer demand but avoiding holding excess inventory is critical. Thus, close relationships and dependability of partners is necessary.