do you think larger firm is succeeded than smaller firm in supply chain management?
Answers
Answer:
Ya of course because the larger the firm easier it is to build a strong and large supply chain management.
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Answer:
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.