How does Supply Chain Management Work with Marketing?

STRATEGIC CONSIDERATIONS IN A BUSINESS
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One of the important strategic considerations in a business is the finances, particularly when managing the supply chain. Without a sufficient budget, there can be reduced production of products or decreased efficiency of services. Thus, it disrupts the supply chain. Porter's Focus Strategies emphasize the need for low-cost products by analyzing the diminuendos in a market and its consumers' necessities. Consumers become loyal due to the company's unique strategies that cater to the preferences of their customers, thereby increasing the competitiveness of their products CITATION Minnd \l 13321 (Mind Tools Content Team, n.d.).
Mainly, cost focus is vital in the supply management chain, which is a branch that strategizes to meet the high sales or service demand. Its two aspects, cost, and focus can be analyzed separately. As the name suggests, focus means highlighting the function of the market by geography or industry. The company has to deliver for a specific market and location excellently. By contrast, the cost refers to the production of a...